latest news releases from the newsroom
Scientific Industries, Inc. Anticipates Improved Operating Results for Three and Nine Months Ended March 31, 2004 and Announces Termination of Proposed Acquisition
BOHEMIA, N.Y., May 5, 2004 (PRIMEZONE) -- Ms. Helena Santos, Chief Executive Officer of Scientific Industries, Inc. (OTCBB:SCND) announced today that the Company expects to report that its earnings for its three and nine month periods ended March 31, 2004 are substantially higher than the prior year's comparable periods. The Company expects for the three months ended March 31, 2004 an 8% increase in revenues to approximately $855,000, and double the net income to approximately $48,000 ($.05 per share) as compared to revenues of $792,000 and net income of $23,800 ($.02 per share) for the same quarter last year. For the nine months ended March 31, 2004, the Company expects a 5% increase in revenues to approximately $2,600,000, and an approximate 500% increase in net income to approximately $139,000 ($.14 per share) as compared with revenues of $2,476,600 and net income of $23,500 ($.02 per share) for the nine months ended March 31, 2003.
Geller Rudman, PLLC
Geller Rudman Announces Class Action Lawsuit Against Quovadx, Inc. on Behalf of Investors -- QVDX
NEW YORK, May 5, 2004 (PRIMEZONE) -- The Law Firm of Geller Rudman, PLLC announced today that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of purchasers of Quovadx, Inc. ("Quovadx" or the "Company") (Nasdaq:QVDX) publicly traded securities during the period between October 22, 2003 and March 15, 2004, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.geller-rudman.com/view_case.asp?cID=261&pcode=10&pp=4.
Port of Houston Authority
Federal Court Delivers Favorable Ruling On Bayport
HOUSTON, May 5, 2004 (PRIMEZONE) -- The Port of Houston Authority (PHA) today welcomed U.S. District Court Judge Vanessa Gilmore's ruling on the motions for summary judgment that had been filed by the U.S. Army Corps of Engineers, PHA, and the opponents of PHA's Bayport Container and Cruise Terminal project. The court ruling grants the Corps' and PHA's motions and denies the opponents' motion, thereby dismissing the challenge to the Bayport permit. According to the court's ruling, "The court finds that the actions of the Corps fully considered and complied with the requirements of the National Environmental Policy Act and the Clean Water Act."
K-9 Detection Smells Success with Marketing Help from Five Sparrows
CARLETON, Mich., May 5, 2004 (PRIMEZONE) -- K-9 Detection, a specialized security company that provides highly trained canines for black mold, drug, and bomb detection, today announced a new marketing services agreement with Five Sparrows, LLC of Hartland, Michigan. Five Sparrows will be providing marketing services including a new web site, search engine optimization services, press releases, print advertising, and a variety of other marketing initiatives to help K-9 Detection reach a wider audience and gain greater visibility throughout Michigan and northern Ohio.
Vianeta Names Corporate Communications Director
SAN JOSE, Calif., May 5, 2004 (PRIMEZONE) -- Vianeta Communications, Inc., a leading provider of XML-based software solutions for health information management, has appointed Carol B. Somer, director, corporate communications. Somer will be based at Vianeta's Milpitas, Calif. headquarters.
Ocwen Financial Corp.
Ocwen Technology Xchange Licenses REALServicing in Multi-Year Agreement
WEST PALM BEACH, Fla., May 5, 2004 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) announced today that OTX entered into a multi-year agreement with Aegis Mortgage Corporation to license OTX's state of the art residential mortgage servicing system, REALServicing(r). REALServicing is a proven, integrated mortgage servicing solution including resolution management.
Go-today.com Offers a 7-Night Switzerland by Rail Package from Only $1199
BOTHELL, Wash., May 5, 2004 (PRIMEZONE) -- Experience the three most spectacular Alpine train rides in Switzerland on this unforgettable go-today.com vacation. This Switzerland by Rail package includes overnight stays in the Swiss cities of Lucerne, Lugano, St. Moritz, Zermatt and Geneva. Since these rides are very popular, it is essential to book as early as possible to secure your trip. (Purchase deadline is May 20, 2004.)