latest news releases from the newsroom
Paramco Financial Group, Inc.
Paramco Signs Letter of Intent for a New Mortgage Joint Venture and Appoints New President for Subsidiary
DENVER, July 13, 2004 (PRIMEZONE) -- Paul S. Sidey, President of Paramco Financial Group, Inc. (OTCBB:PFDE), a financial services firm, announced today the appointment of Mike Roth as the new President of Paramco Mortgage, a subsidiary of Paramco Financial Group, Inc. Mr. Roth, already a Director, will be replacing Douglas Gregg, who is stepping down as president of the subsidiary due to health reasons.
First Commerce Bancorp
First Commerce Bancorp Reports First Half Profits
ENCINO, Calif., July 13, 2004 (PRIMEZONE) -- First Commerce Bancorp (OTCBB:FCCC) today announced that net income for the six months ended June 30, 2004 was $903,000, or $0.10 per diluted share. This compares with net earnings of $576,000, an increase of 57%, or $0.07 per diluted share for the six months ended June 30, 2003. Net income for the quarter ended June 30, 2004 was $459,000 or $0.05 per diluted share compared to net income of $310,000 or $0.03 per diluted share for the same period last year.
Market Pulse Announces its Hot Stock Alerts for Tuesday, July 13, 2004: HCCF, QCOM, QBID, INTC
ATLANTA, July 13, 2004 (PRIMEZONE) -- Market-Pulse.com is HCCF), to the investment community! HEE Corp. is new to Market-Pulse.pleased to introduce our featured stock, HEE Corporation (Pink Sheets: com and was founded for the purpose of marketing a new and extremely promising treatment for Type II Diabetes! HEE Corp. had great news out after yesterday's closing bell! Watch this stock move! Other notable stocks that look great lately from a fundamental and technical perspective are:
Ruby Mining Company
Ocean Resources Reaches Settlement With Ruby Mining
ATLANTA, July 13, 2004 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM) ("Ruby"), which conducts its operations through its subsidiary, Admiralty Corporation ("Admiralty"), reports that Ocean Resources, Inc. (OTCBB:OCRI) and Ruby Mining, Inc. (OTCBB:RUBM) have jointly announced today a settlement with regard to the disputed validity of International Recovery Group (IRG), an operating entity that was jointly owned by the two companies. Under the terms of the settlement agreement, Ruby relinquishes all rights it had with regard to IRG, and IRG relinquishes all rights it had with respect to the permit that Ruby secured to conduct salvage operations in the Pedro Bank area. In exchange, Ruby is providing an undisclosed number of Ruby common stock warrants to a subsidiary of Ocean Resources, Caribbean Explorations, Inc. Additionally, Ruby has agreed to assist Ocean Resources to secure permission from the Government of Jamaica to conduct tourism diving expeditions on the Pedro Banks and once such permission has been obtained has agreed that Titanic Explorations, Ltd (TEL), a subsidiary of Ocean Resources, will have exclusive rights for such activities on its Pedro Bank sites. Net profits from any commercial diving venture will be shared 50/50 between TEL and Ruby.