latest news releases from the newsroom
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces First Quarter 2004 Earnings
VALDOSTA, Ga., May 3, 2004 (PRIMEZONE) -- PAB Bankshares, Inc. (AMEX:PAB), the parent company for The Park Avenue Bank, announced its preliminary results for the first quarter of 2004. For the three months ended March 31, 2004, the Company reported net income of $2.13 million, or $0.22 per diluted share. These results are a 16.5% increase over the $1.82 million, or $0.19 per share, earned in the first quarter of 2003.
Overseas Shipholding Group, Inc.
OSG Purchases Two U.S. Flag Jones Act Product Carriers
NEW YORK, May 3, 2004 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) announced today that it has purchased and taken delivery of two 50,000 deadweight ton U.S. Flag product tankers from Attransco, Inc. The two double bottom vessels, the S/R Galena Bay and the S/R Puget Sound, were built in 1982 and 1983, respectively, and currently are on bareboat charter to SeaRiver Maritime, Inc., a subsidiary of ExxonMobil.
USA Video Interactive Corporate
Japanese Patent Office issues USA Video Patent
OLD LYME, Conn., May 3, 2004 (PRIMEZONE) -- Further to the Company's news release of January 27, 2004, USA Video Interactive Corp. (OTCBB:USVO) (TSX Venture Exchange:US) (BSE:USF) (Frankfurt:USF) (http://www.usvo.com/) has been advised by its Japanese patent attorney that the Japanese Patent Office has granted the Company's wholly owned subsidiary, USA Video Inc., Patent No. 3,521,282 covering its store and forward video technology. The Japanese patent corresponds to U.S. Patent No. 5,130,792, issued July 14, 1992 by the US Patent and Trademark Office. This U.S. patent is considered a pioneering patent in the field of video-on-demand and Internet video, and has been cited by at least 165 other patents. In addition to this patent approval, USVO holds similar patents in the US, Canada, Germany, England, France, Spain, and Italy.
CDMA Development Group
CDMA450 Deployments Accelerate Around the World
COSTA MESA, Calif., May 3, 2004 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) reported today that across Europe, Asia, Latin America, and Africa, there are seven commercial CDMA2000 networks at 450 MHz, five more will launch in 2004 and three trials are taking place. Eight NMT-450 operators have migrated to CDMA2000 and a number of countries, including Brazil, Ethiopia, Indonesia, and Pakistan are deploying or evaluating the technology to advance their universal service goals. Many CDMA infrastructure providers and handset vendors offer CDMA450 products.