latest news releases from the newsroom
Tri-Valley to Complete Oil Lake Exploratory Well
BAKERSFIELD, Calif., Nov. 14, 2003 (PRIMEZONE) -- Tri-Valley Corporation (AMEX:TIV) announced that it will run pipe to complete its B&N No. 1-7 exploratory well on its Oil Lake Prospect as logs have indicated all seven zones targeted have positive indicators for hydrocarbons. The Company was pleasantly surprised to learn the 14 individual intervals giving shows are primarily charged with good Btu natural gas rather than the expected oil.
John D. Oil and Gas Company
Liberty Self-Stor, Inc. Announces Third Quarter 2003 Results
CLEVELAND, Nov. 14, 2003 (PRIMEZONE) -- Liberty Self-Stor, Inc. (OTCBB:LSSI) today reported that funds from operations from its 19 self-storage facilities for the third quarter of 2003 were $294,069, or $0.10 per share basic and diluted, and for the nine months ended September 30, 2003, were $821,242, or $0.27 per share basic and diluted. This is an increase of $453,361, or 123.2%, compared to the nine months ended September 30, 2002, when the funds from operations were $367,881. Liberty also reported a net loss of $13,329, or $0.004 per share basic and diluted, for the third quarter of 2003, and a net loss of $57,868, or $0.02 per share basic and diluted, for the nine months ended September 30, 2003. This compares to a net loss of $51,071, or $0.02 per share basic and diluted, for the third quarter of 2002, and a net loss of $273,581, or $0.09 per share basic and diluted, for the nine months ended September 30, 2002. The net loss for the nine months ended September 30, 2002, includes an $84,817 expense, net of minority interest, due to a change in accounting principle.
Tri-Valley Corporation Posts Positive Gold Results
BAKERSFIELD, Calif., Nov. 14, 2003 (PRIMEZONE) -- Tri-Valley Corporation (AMEX:TIV) announced today positive gold results of its summer drill program on First Chance Creek at Richardson, Alaska. The Company recorded probable and inferred resources of 38,000 ounces of mineable placer gold with a fineness of 895 and a speculative resource of about 100,000 ounces from the 42 reverse circulation drill holes in the first phase of a two-phase 108-hole program.
QLogic Executives to Present at Bear Stearns Comdex Trek
ALISO VIEJO, Calif., Nov. 14, 2003 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that HK Desai, president, chairman and CEO, and Frank Calderoni, senior vice president and CFO, will be presenting at the Bear Stearns Comdex Trek held at Bellagio in Las Vegas on Tuesday, November 18. The presentation is expected to begin at 4:00 p.m. Pacific Time.
Trinity Biotech plc
Trinity Biotech Provides HiberGen Update
DUBLIN, Nov. 14, 2003 (PRIMEZONE) -- Trinity Biotech plc (Nasdaq:TRIB) today announced that the recent fundraising undertaken by HiberGen has not been successful. As a consequence, the Board of HiberGen has decided to cease trading with immediate effect.
PharmChem Reports Third Quarter 2003 Results
HALTOM CITY, Texas, Nov. 14, 2003 (PRIMEZONE) -- PharmChem, Inc. (Nasdaq:PCHMC) announced that its net sales for the third quarter ended September 30, 2003 were $6,942,000 or 5.1% lower than 2002's third quarter net sales of $7,316,000. The Company reported net income for the current quarter of $249,000, or $0.04 per share, versus a net loss of $825,000 or $0.14 per share, a year ago. As more fully described below, this year's current quarter includes a gain of $665,000, or $0.11 per share, resulting from the early extinguishment of subordinated debt.
Aberdeen Investment Trusts -- Time for the City of London to find its voice
ABERDEEN, U.K, Nov. 14, 2003 (PRIMEZONE) -- The Aberdeen (Other OTC:ABRDF) Non-Executive Directors' Conference and an indepth interview is now available on www.cantos.com. Interviewees include Will Hutton, CEO, The Work Foundation, Anthony Hilton, Financial Editor, The Evening Standard, Anatole Kaletsky, Economic Editor, The Times and Mary Podesta, Senior Counsel, Investment Company Institute Washington D.C.