latest news releases from the newsroom
Znomics Appoints Mark. A. Philip, Ph.D., as New President and Chief Executive Officer
PORTLAND, Ore., Aug. 15, 2008 (PRIME NEWSWIRE) -- Znomics, Inc. (OTCBB:ZNOM), a pioneer in the development of the zebrafish as a vertebrate genetic platform to accelerate drug discovery, announced today the appointment of Mark A. Philip, Ph.D. as the company's new president and chief executive officer, effective August 14. Dr. Philip succeeds Richard Sessions, Znomics co-founder and interim CEO, who will remain as a consultant to the company and as an active member of Znomics' board of directors.
Surge Global Energy, Inc.
Surge Global Reports Profit; Files Cross Complaint
SOLANA BEACH Calif., Aug. 15, 2008 (PRIME NEWSWIRE) -- Surge Global Energy, Inc. (OTCBB:SRGG) posted second quarter net income available to common shareholders of $3.4 million, or 10 cents a share, compared with a restated loss of $4.6 million, or 16 cents a share, for the same quarter in 2007. This year's June quarter included a gain on the sale of its Peace Oil subsidiary of $3.7 million reflecting the elimination of prior periods' tax liabilities. Excluding the gain, Surge Global would have posted a loss available to common shareholders of $0.3 million.