latest news releases from the newsroom
Digital Descriptor Systems Inc.
Digital Descriptor Systems, Inc. Announces First Quarter 2006 Results
SEA GIRT, N.J., May 19, 2006 (PRIMEZONE) -- Digital Descriptor Systems, Inc. (Pink Sheets:DDSI), an industry leader in the development of Homeland Security related products, today announced results for the period ending March 31, 2006. Revenues grew 485 percent, to $870,964, from first quarter 2005 revenues of $148,875. Gross profit rose over 450 percent, to $577,622, from $104,173 for the same period in 2005. All numbers are fully audited.
Eastmain Resources Inc.
Eastmain Resources to Acquire Eastmain Gold Mine
TORONTO, May 19, 2006 (PRIMEZONE) -- Eastmain Resources Inc. (TSX:ER) is pleased to announce that it has signed a Letter of Intent with Campbell Resources Inc. ("Campbell") to acquire the Eastmain Mine Property in exchange for payment to Campbell of $2.5 million cash, two million common shares and one million common share purchase warrants. Campbell shall retain a 2% Net Smelter Return Royalty ("NSR") on the Mine Property. Eastmain will have the option to purchase one-half of the NSR for $1 million for any production over and above 250,000 ounces of gold. This transaction is subject to regulatory approvals and completion of a definitive agreement.
VioQuest Reports First Quarter 2006 Financial Results and Highlights Quarterly Accomplishments
BASKING RIDGE, N.J., May 19, 2006 (PRIMEZONE) -- VioQuest Pharmaceuticals (OTCBB:VQPH) a biopharmaceutical company focused on developing and eventually commercializing targeted therapeutics, reported a net loss of $1.9 million, or $0.05 per share for the quarter ended March 31, 2006, compared to a net loss of $1.3 million, or $0.07 per share in 2005. The net loss increase was attributed to spending on its clinical development programs, enhancements to its senior management team, in addition to other operational expenditures. Revenues remained consistent from the first quarter 2005, while gross margins increased over 30% as a result of the Company achieving manufacturing efficiencies in the production of its proprietary technologies. The Company believes its Chiral Quest subsidiary will achieve cash flow positive results by the end of the year. During the first quarter of 2006 VioQuest Pharmaceuticals made significant progress on its business strategy and achieved several important milestones. The Company's quarterly accomplishments include:
Market-Pulse.com Announces Trade Alert for U.S. Energy Initiatives Corporation
ATLANTA, May 19, 2006 (PRIMEZONE) -- Market-Pulse.com announces its trade alert for U.S. Energy Initiatives Corporation (OTCBB:HYFS). According to Bernard R. Schmitt of Market Pulse, "The company just had excellent news out after yesterday's bell announcing it has completed development of one 60 Series Detroit System for Solid Waste Authority of Central Ohio's (SWACO) 2005 Sterling truck." The project included the development of a diesel/CNG duel fuel system for the Detroit 60 Series diesel engine with electronic injection.
Falcon Natural Gas Corp.
Falcon Natural Gas Corp. Has Completed the First Well On Its Norman Prospect, Wilson, NV-1 Well, Bee County, Texas
HOUSTON, May 19, 2006 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC) announced today that the first well of their planned drilling project, located in Bee County, Texas, reached total depth on May 6, 2006 and has been cased for completion.
China Gold Corp.
China Gold Corp. Announces Shareholder Update
GUANG NING, China, May 19, 2006 (PRIMEZONE) -- China Gold Corp. (Pink Sheets:CGDC), a Nevada Corporation engaged in the gold and minerals exploration and the development of gold and mineral properties in China, is pleased to announce they have entered into negotiations with Zhong Cui Investments LTD. for the acquisition of Gold Mine property in the rural mountainous Guang Ning District near Zhao Qing City, Guangdong Province of China.
Aurora Oil & Gas Corporation
Cadence Resources Announces First Quarter 2006 Production Increases 1,013 Percent
TRAVERSE CITY, Mich., May 19, 2006 (PRIMEZONE) -- Cadence Resources Corporation (OTCBB:CDNR) today announced financial and operating results for the first quarter of 2006. "This quarter's performance is encouraging," remarked William Deneau, President and CEO of Cadence. "We are seeing the positive impact in our financial statements, production and operational activity. As our business strategy continues to unfold, we will see that trend repeat itself many years into the future."