latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM HAS SPUDDED TENGIS -1 EXPLORATION WELL, ONSHORE CENTRAL JAVA, INDONESIA
The Tengis – 1 well is targeting the Oligocene sandstone interval with gross
unrisked potential of 50 million barrels of oil equivalent (mmboe). The rig
contracted to carry out the drilling is the ApexIndo Rig No. 8 and drilling is
expected to take up to 2 month.
Lundin Petroleum is the operator of the Blora PSC holding a 43.3 percent
working interest. Partners are Kuwait Foreign Petroleum Exploration Company
(KUFPEC) (40%) and China National Offshore Oil Corporation (CNOOC) (16.7%).
Labaton Sucharow LLP
Labaton Sucharow & Rudoff LLP Files Class Action Lawsuit Against Accredited Home Lenders Holding Co. With Extended Class Period -- LEND
NEW YORK, May 9, 2007 (PRIME NEWSWIRE) -- Labaton Sucharow & Rudoff LLP filed a class action lawsuit on May 9, 2007 in the United States District Court for the Southern District of California, on behalf of persons who purchased or otherwise acquired publicly traded securities of Accredited Home Lenders Holding Co. ("Accredited" or the "Company") (Nasdaq:LEND) between January 28, 2004 and March 12, 2007, inclusive, (the "Class Period"). This represents an expansion of the Class Period in previously filed complaints. The lawsuit was filed against Accredited and James A. Konrath, Joseph J. Lydon, Stuart D. Marvin, John S. Buchanan, David E. Hertzel and Jeffrey W. Crawford ("Defendants").
Pioneer Companies, Inc.
Pioneer Announces 2007 First Quarter Results
HOUSTON, May 9, 2007 (PRIME NEWSWIRE) -- Pioneer Companies, Inc. (Nasdaq:PONR) today reported net income of $7.2 million, or $0.61 per diluted share, on revenues of $122.4 million for the three months ended March 31, 2007. This compares to net income of $16.1 million, or $1.35 per diluted share, on revenues of $134.9 million for the first quarter of 2006.
CoramRx Specialty Pharmacy Services Receives ACHC Accreditation
DENVER, May 9, 2007 (PRIME NEWSWIRE) -- Coram, Inc., a leading specialty infusion provider (SIP), announces that its specialty pharmacy unit, CoramRx, has been granted accreditation by the Accreditation Commission for Health Care, Inc. (ACHC). Complementing Coram's specialty infusion services, CoramRx provides drug delivery and clinical management services for injectable, infused and oral medications to patients and physician offices nationwide, supporting both Major Medical and Pharmacy benefit programs.
Triangle Capital Corporation
Triangle Capital Corporation Reports First Quarter Results, Declares First Dividend, and Announces Completion of Investments Totaling $23.4 Million
RALEIGH, N.C., May 9, 2007 (PRIME NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP) ("Triangle" or "the Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced the following: its results for the quarter ended March 31, 2007, its first quarterly dividend, and the completion of three investments totaling $23.4 million in the aggregate.
NEON Communications Group, Inc.
NEON Communications Group Reports Second Quarter Results
WESTBOROUGH, Mass., May 9, 2007 (PRIME NEWSWIRE) -- NEON Communications Group (AMEX:NGI) today announced financial results for its fiscal 2007 second quarter ended March 31, 2007. For the quarter, the Company posted revenue from continuing operations of $18.7 million and a net quarterly loss of $0.7 million. Absent approximately $0.7 million of corporate transition costs associated with the move of the corporate headquarters from New York City, NY to Westborough, MA and approximately $0.1 million of losses from discontinued operations, the company would have had positive net income for the quarter. These results compare to revenue from continuing operations of $16.2 million and a net loss of $4.1 million in the year-ago quarter. "This is the first quarter where we are reporting solely on the accomplishments of NEON as a stand alone transport company and it reflects yet another quarter of continued revenue growth," said Eric Sandman, Chief Financial Officer.
CanAm Uranium Corp.
CanAm Uranium Corp. Advances Development of Wheeler-Beckett Claims With Airborne Survey
LAS VEGAS, May 9, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTCBB:CAUI) is pleased to announce that it has finalized a 3,600 line kilometer airborne radiometric, magnetic and electro-magnetic survey to be flown over its Wheeler Beckett Uranium Property, located in the Athabasca Basin, Saskatchewan. The survey, which will be flown by helicopter at a combination of 100m and 200m spacing, designed to test for the presence and extent of graphitic zones that can host uranium mineralization, as well as to map contacts and faults on the property. The survey, which will be conducted and supervised by Fugro Airborne Surveys and G. Santos Geoscience, is scheduled to take place in early July 2007.
GTCR and Muragai Announce Partnership
CHICAGO, May 9, 2007 (PRIME NEWSWIRE) -- GTCR Golder Rauner, LLC, one of the nation's leading private equity firms, announced today that it has entered into a partnership with Muragai, LLC to make investments and acquisitions primarily in the insurance industry.