latest news releases from the newsroom
WorldWater & Solar Technologies
WorldWater & Power Corp. Begins Construction of $402,482 Solar System at International Center for Water Technology
FRESNO, Calif., Oct. 24, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, announced here today the construction start of a $402,482 solar electric system at The International Center for Water Technology (ICWT) at California State University, Fresno's new building located on the Fresno campus. Founded in 2001, ICWT educates, promotes and assists in the development and adoption of innovative technologies that improve water utilization, reduce energy demand and positively affect air quality. The rooftop photovoltaic system incorporates WorldWater's proprietary Aquamax technology that is capable of powering electric motors up to 600 horsepower at variable speeds operating on solar power alone.
Microsemi to Acquire PowerDsine Ltd.
IRVINE, Calif. and HOD HASHARON, Israel, Oct. 24, 2006 (PRIMEZONE) -- Microsemi Corporation ("Microsemi") (Nasdaq:MSCC) today announced that it has entered into a definitive agreement to acquire PowerDsine Ltd. ("PowerDsine") (Nasdaq:PDSN). With this acquisition, Microsemi, a world leader in the design and manufacture of high performance analog mixed-signal solutions and high reliability semiconductor solutions, expands its portfolio of product offerings to include a broad range of Power over Ethernet ("PoE") solutions and further enhances its strong analog and mixed signal design capabilities.
Gateway Financial Holdings, Inc.
Gateway Financial Holdings Reports Third Quarter 2006 Results
VIRGINIA BEACH, Va., Oct. 24, 2006 (PRIMEZONE) -- Gateway Financial Holdings, Inc. (Nasdaq:GBTS), the holding company for Gateway Bank & Trust Co., reported net income for the third quarter of 2006 of $2.78 million compared with $1.02 million for the 2005 third quarter, an increase of $1.76 million, or 173.7 percent. Diluted earnings per share were $0.25 compared with $0.12 for the year-ago quarter, up 108.3 percent. Per share results reflect the December 2005 stock offering of 2.3 million shares, which increased average diluted shares outstanding from 8,552,862 shares for the third quarter of 2005 to 11,097,299 for the current quarter, an increase of 29.7 percent.
First Security Group, Inc.
First Security Group, Inc. Reports Third Quarter 2006 Net Income of $2.9 Million
CHATTANOOGA, Tenn., Oct. 24, 2006 (PRIMEZONE) -- First Security Group, Inc. (Nasdaq:FSGI), a community bank holding company serving middle and eastern Tennessee and northern Georgia, today reported results for the third quarter and first nine months of 2006. Net income and diluted earnings per share for the third quarter of 2006 were $2.9 million and $0.16, respectively. Third quarter 2005 net income of $4.3 million, or $0.28 per diluted share, included an extraordinary after-tax gain of $2.4 million or $0.16; excluding this gain, third quarter 2006 earnings were 51.1 percent and 33.3 percent, respectively, above prior-year third quarter earnings of $1.9 million, or $0.12 per diluted share.
Saflex Takes Center Stage at Glasstec 2006
ST. LOUIS and DUSSELDORF, Germany, Oct. 24, 2006 (PRIMEZONE) -- At the Glasstec 2006 exhibition in Dusseldorf, Germany, Solutia Inc. (OTCBB:SOLUQ), the world leader in the production and sale of polyvinyl butyral (PVB) interlayers, today announced its PVB interlayer business will now be known as "Saflex(r)", which is also the name of its flagship brand.
Seadrill Secures Letter of Intent for Ultra-Deepwater Drillship
HAMILTON, Bermuda, Oct. 24, 2006 (PRIMEZONE) -- Seadrill has been awarded a letter of intent by a major oil company for international explorations activities with the ultra-deepwater drillship West Polaris (Mosvold I). The contract has a firm duration of three years and estimated contract value is approximately US$570 million. West Polaris is currently under construction at Samsung Shipyard in South Korea and is scheduled for delivery at the end of the second quarter 2008.
IElement Corporation Announces Second Quarter Renewals
DALLAS, Oct. 23, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that its fiscal second quarter (ending September 30) customer renewal and new sales numbers beat expectations and totaled $701,681. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Port of Houston Authority
PHA Commission Delivers Access Control, Bayport Projects
HOUSTON, Oct. 23, 2006 (PRIMEZONE) -- The Port Commission of The Port of Houston Authority approved access control enhancements for several of its facilities and other items during its April 23 public meeting. Chairman Jim Edmonds presided over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.