latest news releases from the newsroom
Airvana Exceeds $100M in Annual Revenue and Achieves 8 Consecutive Quarters of Profitability
CHELMSFORD, Ma., Feb. 28, 2006 (PRIMEZONE) -- Airvana, Inc. (www.airvana.com), an innovator and leader in mobile broadband infrastructure based on 3G 1xEV-DO air interface technology, today announced that its full year 2005 revenues surpassed $100 million, marking eight consecutive profitable quarters. In these eight quarters, Airvana quadrupled its workforce. The company is cash flow positive.
Sweet Success Enterprises, Inc.
Sweet Success Completes Successful Trial Production Run of Hypoallergenic, All Natural Functional Shake for Consumer Market
SAN ANTONIO, Feb. 28, 2006 (PRIMEZONE) -- Sweet Success Enterprises Inc. (Pink Sheets:SWTS) announced today the successful initial trial production of what the Company believes to be the first hypoallergenic functional shake called Chocolate Immunity Infusion(tm). After months of research and development led by world-renowned formulator and Sweet Success Board Member, Jon Barron, the product is believed to be the first all natural wellness shake that refrains from using the FDA cited protein allergens: dairy, soy, or egg. Loaded with nutrients, the final formulation is packed with immune boosters and all-natural low-glycemic sweeteners delivering a rich, chocolate taste.
Horizon Offshore Inc.
Horizon Offshore Reports Fourth Quarter and 2005 Results
HOUSTON, Feb. 28, 2006 (PRIMEZONE) -- Horizon Offshore, Inc. (OTCBB:HOFF) reported improved results from operations for 2005. For the fiscal year 2005, gross profit was $56.8 million, or 17.5 percent, on revenues of $325.0 million, compared with gross profit of $27.8 million, or 10.9 percent, on revenues of $254.2 million for 2004. Horizon also reported Adjusted EBITDA, as defined below, of $50.7 million for 2005, compared with $17.7 million for 2004. For the fourth quarter of 2005, gross profit was $24.1 million, or 19.3 percent, on revenues of $124.4 million, compared with gross profit of $13.0 million, or 18.1 percent, on revenues of $72.2 million for the fourth quarter of 2004. Adjusted EBITDA was $24.6 million for the fourth quarter of 2005, compared with $8.8 million for the fourth quarter of 2004.
TDC A/S: New Board of Directors
COPENHAGEN, Denmark, Feb. 28, 2006 (PRIMEZONE) -- TDC Extraordinary General Meeting -- New Board of DirectorsAt the extraordinary general meeting of TDC A/S today, the members of the board of directors elected by the general meeting resigned, and the following persons were elected members of the TDC A/S Board of Directors:
The Solvis Group, Inc.
The Solvis Group Reports First Quarter Results
ANAHEIM, Calif., Feb. 28, 2006 (PRIMEZONE) -- The Solvis Group, Inc. (Pink Sheets:SLVG), a subsidiary of Dalrada Financial Corporation (OTCBB:DRDF) and a provider of staffing solutions to small and medium size businesses, today announced its financial results for the first quarter ended December 31, 2005. The Solvis Group had revenues of $16.5 million and net income of $1.1 million, which were included in the consolidated results reported by Dalrada for its second quarter available for review at www.sec.gov.