latest news releases from the newsroom
FindProfit Publishes Exclusive Retail and Restaurant Stock Outlook
PRINCETON, N.J., May 20, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced today that it has published a new Restaurant and Retail Stock Outlook as part of its Expert Insight series. The Outlook features an interview with noted hedge fund manager and retail stock expert Mr. Roger Lipton of RHL Associates L.P., and looks at the investment prospects for well-known restaurant stocks like Panera Bread (Nasdaq:PNRA) and Krispy Kreme (NYSE:KKD).
International Monetary Could Become One of Five Leaders, Says Benjamin P. Chui, CFA in Investrend Benchmark Report
NEW YORK, May 20, 2003 (PRIMEZONE) -- International Monetary Systems, Ltd. (OTCBB:INLM), in the barter exchange business since 1988, has a book value of $2 million, current assets of $894K, and current liabilities of $683K, resulting in a healthy current ratio, well above 1, according to Investrend Research analyst Benjamin P. Chui, CFA, in a Benchmark report.
Volvo: Truck Deliveries -- April 2003
GOTEBORG, Sweden, May 20, 2003 (PRIMEZONE) -- Deliveries from Volvo's (Nasdaq:VOLVY) (Other OTC:VOLVF) (Other OTC:VOLAFK) truck operations, which include Volvo Trucks, Mack Trucks, Inc. and Renault Trucks, declined 10% in April, compared with the corresponding month last year. On a year-to-date basis, deliveries amounted to 48,740 trucks, an increase of 3% compared with the year-earlier period. In Europe, deliveries increased 7%, while North America posted a 14% decline compared with the first four months in 2002.
American Hospital Resources, Inc.
American Hospital Resources Announces Rx Solutions, Inc. Update
SANTA ANA, Calif., May 20, 2003 (PRIMEZONE) -- American Hospital Resources, Inc. (OTCBB:AMHR) recently announced the acquisition of Rx Solutions, Inc. As a licensed closed-door pharmacy and Medicaid provider, Rx Solutions, Inc. serves a long-term care base of more than 1,000 patients. Rx Solutions, Inc. provides its client patients with licensed prescription drug services and related pharmacy consulting services within both Mississippi and Alabama.
NetSol Technologies Inc.
NetSol Technologies Board of Directors Proposes Reverse Stock Split
CALABASAS, Calif., May 20, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that its Board of Directors proposed that shareholders approve an amendment to effect a reverse stock split in the range of 5:1 to 7:1. The reverse stock split is intended to regain compliance with the continued listing requirements of the NASDAQ SmallCap Market, and specifically, NASDAQ's minimum bid price requirement of $1.
Atlas Mining Company
Atlas Mining Signs Memorandum of Understanding to Manage Gold Property
OSBURN, Idaho, May 20, 2003 (PRIMEZONE) -- Atlas Mining Company (OTCBB:ALMI), today announced that it has signed a Memorandum of Understanding with Cia Minera Mimosa, S.A. de C.V. of Costa Rica, giving the two companies 30 days to execute a contract under which Atlas would become the operating manager of a gold mine property located approximately 50 miles from the country's capital city of San Jose.
3 Clios for Framfab Denmark
STOCKHOLM, Sweden, May 20, 2003 (PRIMEZONE) -- Monday evening, Framfab Denmark was once again honored for their work as they received 3 prizes at America's most prestigious industry show, The Clio Awards.