latest news releases from the newsroom
Targa Resources Partners LP
Targa Resources Partners LP Reports Second Quarter 2008 Financial Results
HOUSTON, Aug. 11, 2008 (PRIME NEWSWIRE) -- Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") (Nasdaq:NGLS) today announced its financial results for the three months ended June 30, 2008. For the second quarter of 2008, the Partnership reported (i) net income of $28.2 million or $0.54 per common and subordinated unit on a fully diluted basis as determined under Generally Accepted Accounting Principles ("GAAP") for entities under common control; (ii) income from operations of $36.5 million and (iii) earnings before interest, income taxes, depreciation and amortization and non-cash income or loss related to derivative instruments ("Adjusted EBITDA") of $55.5 million. Adjusted EBITDA is a non-GAAP financial measure that is defined and reconciled later in this press release to its most directly comparable GAAP financial measure, net income (loss).
Welwind Energy International Corporation
Welwind Energy Formalizes Intent With Peace River Region Land Owners for Large Scale Wind Farm -- New Investor Relations Firm Retained
SAN DIEGO, Aug. 11, 2008 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") has visited the site near Dawson Creek British Columbia and met with the landowners of the 4680 acre Peace Region project. The majority of the project will be situated on private cultivated land. Currently the properties are being used primarily for hay farming and cattle ranching. Welwind Director, Shannon de Delley reports that the company intends to install 2 to 4 meteorological towers on the property this fall.
Pro Motors Group, Corp.
Pro Motors Group, Corp. Purchases a New 2008 Ford Fusion for Hydro Assist Fuel Cell Demonstration
LOS ANGELES, Aug. 11, 2008 (PRIME NEWSWIRE) -- Pro Motors Group, Corp. (Pink Sheets:PMGU) (www.ProMotorsGroupCorp.com) announced today its purchase of a new 2008 standard Ford Fusion to meet increased demand for demonstrations of the Hydro Assist Fuel Cell. Pro Motors Group, Corp. plans to equip the additional Ford Fusion with a Hydro Assist Fuel Cell to reach a greater market and further strengthen interest across the country.
CDMA Development Group
'OZ,' LG Telecom's CDMA2000 1xEV-DO Rev. A Data Service, Thrives in Korea
COSTA MESA, Calif., Aug. 11, 2008 (PRIME NEWSWIRE) -- The CDMA Development Group (CDG) today announced that LG Telecom's new CDMA2000(r) 1x EV-DO Revision A (Rev. A) data service is flourishing in the highly competitive Korean wireless services market, adding about 100,000 new data subscribers per month to its 3G data service, "OZ" ("Open Zone"). The service has already resulted in a 14% increase in data average revenue per user (ARPU) from the previous quarter and a total of 287,000 OZ subscribers at the end of July.
PricewaterhouseCoopers Teams With UN High Commissioner for Refugees to Build Schools for Refugee Children of Darfur
NEW YORK, Aug. 11, 2008 (PRIME NEWSWIRE) -- PricewaterhouseCoopers (PwC) has donated more than $4 million to the Office of the United Nations High Commissioner for Refugees (UNHCR) to be used to build and operate schools for refugee children who have fled the conflict in Darfur. It is the largest single donation ever made by a business organization to the UNHCR. PwC people in 102 countries made individual contributions during the "Power of 10" campaign, established with the UNHCR to recognize PwC's 10th anniversary. Many PwC member firms also made donations on behalf of their employees.