MySpace Founder Acquires Majority Stake in Leading Video Search Engine Flurl.com
LOS ANGELES, Oct. 26, 2006 (PRIMEZONE) -- Brad Greenspan, the founder of MySpace has acquired a majority stake in Flurl.com, the largest independent video search website which indexes over 1000 online video sites. Flurl.com is one of the first major acquisitions for LiveUniverse, a company established by Greenspan to focus on video, entertainment and social networking properties. With this acquisition, LiveUniverse intends to begin discussions with potential strategic, financial, and content partners focused in the online video space.
Home Inns & Hotels Management Co., Ltd. Co-Chairman to Ring The NASDAQ Stock Market Opening Bell
MEDIA ADVISORY, Oct. 26, 2006 (PRIMEZONE) --
OXIS International, Inc. Raises $1.7 Million in Private Placement
FOSTER CITY, Calif., Oct. 26, 2006 (PRIMEZONE) -- OXIS International, Inc. (OTCBB:OXIS) announced today that it completed a private placement of secured convertible debentures and warrants to institutional and accredited investors resulting in total gross proceeds of approximately $1.7 million. Bristol Investment Fund, Ltd. acted as lead investor in the financing.
Electronic Game Card Delivers GameCards to Norwegian Charity
NEW YORK and LONDON, Oct. 26, 2006 (PRIMEZONE) -- Electronic Game Card, Inc. (OTCBB:EGMI), the creator of the Electronic GameCard, today confirms that the Norwegian Association of the Disabled has signed an agreement to use Electronic GameCards in a promotion.
Ocwen Financial Corporation Announces Third Quarter 2006 Net Income
WEST PALM BEACH, Fla., Oct. 26, 2006 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income of $17.0 million or $0.27 per share for the third quarter of 2006. This compares to $7.9 million or $0.13 per share for the third quarter of 2005. For the nine months ended September 30, 2006, net income was $192.6 million or $3.06 per share as compared to $13.2 million or $0.21 per share for the same period in 2005. Pre-tax income in the third quarter of 2006 was $26.4 million as compared to $10.2 million in the third quarter of 2005. For the nine months ended September 30, 2006, pre-tax income was $65.2 million as compared to $18.3 million in the comparable period of 2005. Year to date results in 2006 include a tax benefit of $127.4 million, primarily reflecting the second quarter reversal of $145.2 million of the valuation allowance that had been established in prior years.
Keystone Automotive Industries
Keystone Automotive Industries Reports Fiscal 2007 Second Quarter Results
POMONA, Calif., Oct. 26, 2006 (PRIMEZONE) -- Keystone Automotive Industries, Inc. (Nasdaq:KEYS) today reported record earnings and sales for its fiscal 2007 second quarter ended September 29, 2006.
HARRISBURG, Pa., Oct. 26, 2006 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) today reported record third quarter 2006 results from continuing operations.
NUCON Acquires Interest in Nuclear Power Plant Product Manufacturer
MOSCOW, Oct. 26, 2006 (PRIMEZONE) -- NUCON-RF, Inc. ("NUCON") and ZAO ELECTRO MACHINERY BUILDING PLANT ATOLL ("ATOLL") announced today that the companies have completed the first stage acquisition by NUCON of ATOLL, a Russian closed joint stock company.
Discovery Labs Restructures Loan Arrangement With Quintiles
WARRINGTON, Pa., Oct. 26, 2006 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO), today announced the restructuring of its $8.5 million loan with PharmaBio Development, Inc., the strategic partnering group of Quintiles Transnational Corp. (Quintiles). Payment of the $8.5 million loan principal that was originally due December 31, 2006, has now been extended as a lump sum payment due on April 30, 2010.
Dow Jones Financial Information Services
Private Equity Leaders Predict the Fundraising Path for 2007 At First-Ever Fundraising Summit
SAN FRANCISCO, Oct. 26, 2006 (PRIMEZONE) -- With private equity fundraising topping $172.87 billion and set to break all records in 2006, the key question for the industry is whether this rapid pace will continue into 2007. The leaders of the industry will be making their forecasts for next year at the first-ever Private Equity Analyst Fundraising Summit this Nov. 15 and 16 at the Four Seasons Hotel in San Francisco.
