latest news releases from the newsroom
Millennium Chemicals Announces Third Quarter Results and Outlook
HUNT VALLEY, Md., Nov. 12, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") today reported a net loss for the third quarter of 2003 of $(28) million or $(0.44) per common share. For the corresponding period of 2002, Millennium reported net income of $5 million or $0.08 per common share. The loss for the 2003 third quarter included the impact of a $15 million pre-tax ($10 million after-tax) special charge associated with the Company's cost reduction program announced in July 2003, which was partly offset by a $2 million after-tax gain on the collection of a note receivable, previously written off. Excluding these items, the third quarter 2003 per share loss was $(0.31) compared to income of $0.08 in the third quarter of 2002.(see Note 1)
Dr. Jean-Marie Dupuy Accepts Position on ProtoKinetix Scientific Advisory Board
VANCOUVER, British Columbia, Canada, Nov. 12, 2003 (PRIMEZONE) -- ProtoKinetix Inc. (OTCBB:PKTX) -- In conjunction with PKTX recent collaboration announcements, Dr. Jean-Marie Dupuy has honored the company with acceptance of a position on their Scientific Advisory Board. Dr. Dupuy is a world recognized medical scientist who was the past Medical Director of Pasteur Merieux Connaught in France. As his Professional Resume is far too extensive to include in this news release, we will post it on the company's developing web site at www.protokinetix.com.
Australian-Canadian Oil Royalties Ltd.
Australian-Canadian Oil Royalties Ltd.: Seventeen New Oil & Gas Wells
CISCO, Texas, Nov. 12, 2003 (PRIMEZONE) -- Australian-Canadian Oil Royalties Ltd. (Nasdaq:AUCAF), stock symbol "AUCAF" on the NASDAQ Bulletin Board is pleased to announce the drilling of 17 commercial oil and gas wells in the second and third quarters of 2003. Additional wells are currently being drilled. These wells are located in the Park City Gas Field in Edmonson County, Kentucky. AUCAF has a 1/8th working interest in these wells. The operator intends to drill a total of 50 wells by December 31, 2003.
Avalon Gold Corporation
Avalon Gold Corporation: Update -- Royalty Interest in LAK Ranch Oil Project
SEATTLE, Nov. 12, 2003, (PRIMEZONE) -- Avalon Gold Corporation (OTCBB:AVGC) announces that through its predecessor Asdar Group, the Company has maintained its 0.70% (.70 of 1%) proportionate, reducible, Gross Overriding Royalty with respect to all of Derek Oil and Gas Corporation's (OTCBB:DRKOF) interest in the LAK Ranch Property located in Newcastle, Wyoming. This equates to $0.196 per barrel based on a price of $28.00 per barrel for Avalon.
Brandmakers Commences Audit With New Accounting Firm
SUWANEE, Ga., Nov. 12, 2003, Brandmakers, Inc. (OTCBB:BMKS) announces that their audit is underway and will soon be up to date on filings of the annual 10 KSB and the current 10 QSB. Brandmakers is currently traded BMKSE due to a late filing of the 10 KSB and has contacted the NASD compliance section for guidance.
SCA and NIBE best at financial reporting in 2002
STOCKHOLM, Sweden, Nov. 12, 2003 (PRIMEZONE) -- The jury for the Best Financial Reporting in 2002 contest has awarded Svenska Cellulosa AB SCA first prize in the large company category for the sixth time in the history of the event. First prize in the small company category went to NIBE Industrier AB. The aim of this annual competition -- arranged by Stockholmsborsen -- is to encourage companies to improve and develop their market information.