latest news releases from the newsroom
Blyth, Inc. Presents Today At Wall Street Analyst Forum
GREENWICH, Conn., Nov. 10, 2003 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in home decor and home fragrance products, will be represented by senior management today at the Wall Street Analyst Forum in New York City. Their presentation will be a current overview of Blyth, a consumer products company that sells a wide variety of home expressions products through multiple channels of distribution throughout North America and Europe.
Ruby Mining Company
Ruby Announces Nullification and Cancellation of International Recovery Group
ATLANTA, Nov 10, 2003 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM) ("Ruby"), which conducts its operations through its wholly-owned subsidiary, Admiralty Corporation ("Admiralty"), today announced the nullification, cancellation and discontinuation of International Recovery Group, LLC ("IRG"). IRG was formed in early March of 2002 between Ruby and Argosy International, Ltd. ("Argosy"), an affiliate of Ocean Resources, Inc. (OTCBB:OCRI), as a joint venture to conduct marine exploration operations on the Pedro Bank and engage in shipwreck exploration and recovery operations in other jurisdictions. However, IRG has been virtually inactive and the involvement of Argosy has been virtually non-existent from IRG's formation 20 months ago. Moreover, several fundamental conditions to IRG's viability and continuation as an entity have never been satisfied, not the least of which were the lack of sufficient funding, the failure to have even an organizational meeting, and the failure of the Government of Jamaica to approve Argosy as the Project Manager for the Pedro Bank expedition. No concrete steps whatsoever have been taken by IRG in furtherance of IRG's stated purpose "to explore shipwrecks and shipwreck sites and to research, conserve, and market objects from such shipwrecks and shipwreck sites." Ruby has received no help or support from Argosy, never received its $1,000,000 fee from IRG, and, as a 50% owner, deems IRG rescinded, abandoned, cancelled, dissolved, and terminated and any agreements or arrangements between Ruby and Argosy null and void and of no further effect. Ruby has notified Argosy in writing of its decision and position in this matter.
HealthTronics Surgical Services, Inc.
HealthTronics Surgical Services, Inc. Reports Results For Third Quarter
MARIETTA, Ga., Nov. 10, 2003 (PRIMEZONE) -- HealthTronics Surgical Services, Inc. (Nasdaq:HTRN) today announced that net income for the third quarter of 2003 was $1,766,000, or $0.15 per diluted share, compared with $0.32 per diluted share for the third quarter of 2002. The 2002 earnings per share include $0.18 relating to a gain from the sale of a subsidiary. Revenues for the quarter were $22,963,000 compared with Q3, 2002 revenues of $23,071,000.
United States Crude International
U.S. Crude Sells Second Steam Generator to California Oil Producer
COLTON, Calif., Nov. 10, 2003 (PRIMEZONE) -- United States Crude International, Inc. (Pink Sheets:USCI) today announced it has sold a 5 million BTU Portable Steam Generator to Pacific Energy Resources, a Texas based Oil Company operating in California. The Company sold a unit that it has previously used on its properties in Oklahoma. This unit arrived on the property on October 23, 2003 and will begin producing steam for injection into their oil wells, as soon as possible.