latest news releases from the newsroom
GenTek Inc. Announces Update to Status of Filing 10-Q
PARSIPPANY, N.J., Aug. 17, 2007 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) announced today an update on its progress in resolving the issues which have delayed the filing of its quarterly report on Form 10-Q for the second quarter, which was due to be filed last Thursday, August 9, 2007. After detailed review the Company has determined that it would be necessary to amend and restate its Quarterly Report on Form 10-Q for the first quarter ending March 31, 2007 to correct certain classification errors in the Company's Condensed Consolidated Statements of Cash Flows. The Company has determined that the correction of these classification errors will have no impact on the Company's previously reported earnings, or results of operations for the reporting periods. Further, the Company has determined that no amendment is required to its annual report on Form 10-K since these classification errors did not have a material impact on its annual financial statements. The Company has reviewed these matters with its independent registered public accounting firm.
Consolidated Spire Ventures Ltd.
Consolidated Spire Ventures Announces Exploration Update, Yago Property, Mexico
VANCOUVER, British Columbia, Aug. 17, 2007 (PRIME NEWSWIRE) -- Consolidated Spire Ventures Ltd. ("Spire") (TSX-V:CZS) is pleased to provide an update on exploration work at the Yago Property. Phase I drilling was planned for 3,000m, but due to a slow start and diverse technical problems by the drill contractor, a total of only 945m were drilled before the start of the rainy season in July. As such, a total of only ten short drill holes ranging from 35m to 160m long were drilled. The deeper drill holes remain to be drilled later in the year after the rainy season.