latest news releases from the newsroom
It's FieldTurf for Chapman University
ORANGE, Calif., Oct. 16, 2006 (PRIMEZONE) -- Chapman University has become the latest collegiate addition to the ever-growing list of FieldTurf football stadium installations. The selection of FieldTurf for Wilson Field at Ernie Chapman Stadium was made by Chapman Director of Athletics David Currey. The FieldTurf debuted recently when Chapman defeated Pacific Lutheran 42-25, but the new field will be officially dedicated on October 28 when Chapman hosts Pomona-Pitzer.
Macatawa Bank Corporation
Macatawa Bank Corporation Reports Record Third Quarter Earnings and Assets Over $2 Billion
HOLLAND, Mich., Oct. 16, 2006 (PRIMEZONE) -- Macatawa Bank Corporation (Nasdaq:MCBC) today announced net income for the third quarter of 2006. Net income for the quarter was a record $6.01 million, an 8% increase over third quarter 2005 net income of $5.55 million. Diluted earnings per share totaled $0.36 for the quarter compared to $0.34 for the third quarter of 2005. The results for the third quarter represent a 1.20% ROA and a 15.69% ROE. Net income for the first nine months of 2006 increased 11% to $16.99 million, or $1.03 per diluted share, as compared to net income of $15.35 million, or $0.93 per diluted share, for the first nine months of 2005. The results for the first nine months of 2006 represent a 1.16% ROA and 15.20% ROE.
Delta Air Lines, Inc.
From Beantown to Chi-town: Delta Offers Customers Nonstop Service Between Key Business Markets
BOSTON, Oct. 16, 2006 (PRIMEZONE) -- Delta Air Lines customers this winter will find it easier to travel between the Magnificent Mile and Back Bay with new nonstop service between Boston and Chicago's Midway Airport, effective Jan. 11, 2007. With the new service, operated by Delta Connection carrier Comair, Delta will offer customers three daily flights during the week and two daily flights on weekends, offering convenient access for business and leisure customers.
Mammoth Energy Group Secures Re-Entry Wells
DENVER, Oct. 16, 2006 (PRIMEZONE) -- Mammoth Energy Group Inc. (Other OTC:MMTH) announced today that its wholly owned subsidiary, ProTerra Oil & Gas Exploration, Inc., has secured leases with 15 well locations in Kansas that it intends to re-complete using a polymer gel treatment. Three treatments are being scheduled before year-end with the remainder being done in the first quarter of 2007.
Moore-Handley Reports Results of Operations for the Quarter Ended September 30, 2006
BIRMINGHAM, Ala., Oct. 16, 2006 (PRIMEZONE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $225,000 or $0.14 per diluted share for the quarter ended September 30, 2006 vs. $320,000 or $0.21 per diluted share for the same period in 2005.
Eaton Ships 1,000 Portable Power Generators to Buffalo Area
PITTSBURGH, Oct. 16, 2006 (PRIMEZONE) -- Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) has responded to the recent snow storm in the northeast by increasing shipments of portable power generators to the Buffalo, N.Y. area. Eaton announced today that it has shipped more than 1,000 portable generators to Buffalo, N.Y. distributors, and that the generators will be available for sale on October 17.
Green Dolphin Systems Corp.
Green Dolphin Systems Corp. Announces Reorganization
KNOXVILLE, Tenn., Oct. 16, 2006 (PRIMEZONE) -- Green Dolphin Systems Corp. (Pink Sheets:GDPS), a Delaware Corporation, announces that in January 2006 management concluded that having exhausted its ability to raise the capital required to make a success of its chemical product manufacturing and distribution business, the stockholders would be well-served by changing the company's business. Accordingly, in January 2006 Green Dolphin entered into a preliminary letter of intent contemplating a reverse acquisition of 100% of the outstanding common shares of Wales Holding Corp., a prospective mining venture. In order to meet the requirements set by Wales for completion of the reorganization, the management has cleared its corporate debts by spinning out the chemical business; effected a one (1) for twelve (12) share reverse split of its 30,173,700 common shares, thus reducing to approximately 2,514,475 the total number of common shares outstanding; obtained an audit of its financial statements at December 31, 2005; and had its statements for the quarters ended March 31 and June 30, 2006, reviewed by a duly qualified auditing firm. The Company's trading symbol was recently changed to "GDPS" to reflect the reverse split of its common shares.
Oneida Hires Tim Runyan as Chief Global Supply Chain Officer
ONEIDA, N.Y., Oct. 16, 2006 (PRIMEZONE) -- Underscoring its momentum following court approval of its recapitalization, Oneida Ltd. announced today that Tim Runyan has joined the company as Executive Vice President and Chief Global Supply Chain Officer. Mr. Runyan will be based in Oneida's Hong Kong office and report to Oneida President James E. Joseph.