latest news releases from the newsroom
Cyber Merchants Exchange Inc
Top Apparel Executives Converge to Discuss Global Sourcing
EL MONTE, Calif., Aug. 4, 2005 (PRIMEZONE) -- ASAP Show, a wholly owned subsidiary of Cyber Merchants Exchange (OTCBB:CMXG), has organized various seminars featuring top apparel executives from U.S. fashion, sourcing and financial fields during its August 28-31 ASAP Global Sourcing Show held at the Venetian Hotel in Las Vegas. These industry leaders will speak on up-to-date issues facing the drastically changing challenges and opportunities in the apparel industry.
Flamemaster Reports a Decline in Earnings and a Gain in Revenue for the Quarter and Nine Months Ended June 30, 2005
SUN VALLEY, Calif., Aug. 4, 2005 (PRIMEZONE) -- Flamemaster Corporation (Pink Sheets:FAME) today reported net income of $125,603 or $.10 per share on sales of $1,396,049 for the quarter ended June 30, 2005, compared to net of $180,843 or $.15 per share on sales of $1,346,686 in the year earlier period. The per share figures for the quarter ending June 30, 2004 have been adjusted to reflect the 1 for 10 reverse split and the 7 for 1 forward split issued in the first quarter of this year.
Overseas Shipholding Group, Inc.
Second Quarter 2005 Earnings Results
NEW YORK, Aug. 4, 2005 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) reported net income for the quarter ended June 30, 2005 of $114.2 million, or $2.89 per share, an increase of over 150% compared with net income of $45.4 million, or $1.15 per share, in the second quarter of 2004. EBITDA for the second quarter rose by 55% to $176.3 million from $113.6 million in the second quarter of 2004 and TCE revenues for the quarter were $228.6 million compared with $157.1 million, an increase of 46% year-over-year.
M-Wise Announces New European License of Content Management and Delivery Platform
WILMINGTON, Del., Aug. 4, 2005 (PRIMEZONE) -- M-Wise, Inc. (OTCBB:MWIS), a leading technology provider of mobile content solutions for operators, ASPs and content providers, today announced that its MOMA platform has been selected by MobilityZone for content management and delivery. MobilityZone, based in Israel, develops, produces and maintains one of the largest, up-to-date catalogs of licensed content from all of the major publishing companies and other top producers. Recently, MobilityZone secured a deal with a leading European mobile operator to provide its customers with Java Games and will use m-Wise's MOMA content management and delivery platform to host, manage and deliver games for its clients.
ALCO Stores, Inc.
Duckwall-ALCO Stores Reports July Sales Increase of 7.2 Percent
ABILENE, Kan., Aug. 4, 2005 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that its sales from continuing operations for the four weeks ended July 31, 2005 (fiscal month of July) increased approximately 7.2% to $30.4 million, compared with $28.4 million in the prior-year month and same-store sales increased 5.2%. The 20 stores previously announced as closing along with other stores where the decision has been made to close them are excluded from sales from continuing operations.
QLogic Switches, HBAs and Software Support Mac OS X
ALISO VIEJO, Calif., Aug. 4, 2005 (PRIMEZONE) -- QLogic(r) Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced that QLogic SANblade(r) Fibre Channel HBAs, SANbox(r) switches, and SANsurfer(r) software now support Mac OS X and the Xsan file system. Now for the first time, administrators with Xserve G5 servers and Xserve RAID systems can deploy a single SAN infrastructure to provision their storage to rack, tower or blade servers running a variety of popular operating systems including Mac OS, Windows, NetWare, Linux and Solaris. And for the large base of customers standardized on QLogic HBAs, Apple servers now can be seamlessly integrated to their SANs using the corporate standard HBA.
Pacific Sunwear of California, Inc.
Pacific Sunwear Reports Total July Sales Increase 14.2%, Same Store Sales Increase 4.0 Percent
ANAHEIM, Calif., Aug. 4, 2005 (PRIMEZONE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today reported that total sales for the four weeks of fiscal July, ending July 30, 2005 were $111.1 million, an increase of 14.2% over total sales of $97.3 million during the same period last year. Total Company same store sales increased 4.0% during the same period. By concept, PacSun same store sales increased 4.3% and d.e.m.o. same store sales increased 1.1% compared to the same four week period last year.