latest news releases from the newsroom
Produce Safety and Security International Inc.
Food Safe International Reduces Outstanding Shares Total
TORONTO, Aug. 12, 2004 (PRIMEZONE) -- Food Safe International, Inc. (Pink Sheets:FSIJ) announced today that the company is reducing the amount of outstanding shares by 10%. A total of 120 million shares will be retired amounting to ten percent(10%) of the total issued and outstanding shares. The company feels that the current share price is undervalued and that the reduction should benefit the current share price in a favorable manner. The reduction in outstanding shares will also provide the company increased opportunities in the future for growth and provide the opportunity for investors' holdings to be more valuable.
Astris Energi Inc.
Astris Energi Pays Down Debenture -- Now Debt Free
MISSISSAUGA, Ontario, Canada, Aug. 12, 2004 (PRIMEZONE) -- Astris Energi Inc. (OTCBB:ASRNF), the world's leading alkaline fuel cell (AFC) technology company, announced today it has paid down an existing debenture thus eliminating Astris' only long-term financial liability.
Barnwell Industries, Inc.
Barnwell Industries, Inc. Reports Results For The Quarter And Nine Months Ended June 30, 2004 And Declares Dividend
HONOLULU, Aug. 12, 2004 (PRIMEZONE) -- Barnwell Industries, Inc. (AMEX:BRN) today reported net earnings of $1,190,000 ($0.85 per share - diluted) and $7,840,000 ($5.62 per share - diluted) for the three and nine months ended June 30, 2004, as compared to net earnings of $650,000 ($0.47 per share - diluted) and $1,820,000 ($1.33 per share - diluted) for the three and nine months ended June 30, 2003.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Retirement of Michael E. Ricketson
VALDOSTA, Ga., Aug. 12, 2004 (PRIMEZONE) -- PAB Bankshares, Inc. (AMEX:PAB) announced that its President and Chief Executive Officer, Michael E. Ricketson, has elected to retire from the Company. Ricketson will continue to serve as a director of the Company until the next annual stockholders' meeting. "During Mike's tenure with the Company, he directed the hiring of an excellent management team and the implementation of loan policies that improved the asset quality of the Company and provided a foundation for its future growth," stated Chairman, James L. Dewar, Jr.
Powerwave Supplies Wireless Coverage Enhancement System For Olympic Athletic Center Of Athens
SANTA ANA, Calif., Aug. 12, 2004 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) announced today the completion of a wireless network coverage solution project, based on its Fiber Optic Distributed Antenna System (FODAS), to enhance the coverage and capacity in the Olympic Athletic Center of Athens (OAKA). As one of the many complex projects Powerwave has concluded in the last 12 months, this installation includes more than 100 fiber optic repeater sites used to improve GSM 900, GSM 1800 and UMTS mobile telecommunications service. The installation enhances RF transmissions in an area of approximately 1 square kilometer and includes major venues within the surrounding area of the OAKA. The project, which was commissioned through and installed by Powerwave distributor, PLURAL S.A., Greece, was completed in less than three months and is designed to meet the stringent capacity, coverage, and quality of service objectives set by the customer.