latest news releases from the newsroom
Chino Commercial Bank
Chino Commercial Bank Posts Record Earnings and Continued Growth
CHINO, Calif., July 21, 2003 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations, for the first six months ending June 30, 2003 with net earnings of $243,895 or $0.45 per share, an increase of 423% over net income of $46,640 or $0.09 per share for the six months ended June 30, 2002. The Bank also reported net profits for the three months ended June 30, 2003, with earnings of $127,798 or $0.23 per share, or an increase of 278% over net income of $33,810 or $0.06 per share for same quarter last year; and a 10% increase over the first quarter of 2003.
Haldex Acquires new Environmental Technology for Combustion Engines
STOCKHOLM, Sweden, July 21, 2003 (PRIMEZONE) -- Haldex (Other OTC:HLDXF) has signed an agreement with the development company Varivent Innovations AB comprising the exclusive rights to further develop and market a new technology for EGR (Exhaust Gas Recirculation) systems on diesel engines. The Varivent technology makes it possible to achieve the future international (EURO 5, US 07) requirements regarding reduced emissions of nitric oxide and particles from engines with EGR technology, which is the most cost effective technology for the vehicle users and the society. The limitations so far with the EGR technology -- limited gas recirculation and energy losses - are eliminated by the Varivent technology. This translates to significantly lower fuel consumption compared to other methods. The Varivent technology also makes it possible to use simpler methods to reduce emissions of particles. After the implementation of EURO 5 and US 07, the total market for the Varivent technology can be estimated to 750 MSEK (95 MUSD) annually.
Record trading in derivatives at Stockholmsborsen
STOCKHOLM, Sweden, July 21, 2003 (PRIMEZONE) -- Friday July 18, saw record volumes in the trading of derivatives at Stockholmsborsen. The number of traded contracts amounted to 1 067 657, which is the highest number of contracts ever traded at Stockholmsborsen and an increase of the previous record by 56 per cent. The previous record number of traded contracts amounted to 686 781 on June 15, 2001.