latest news releases from the newsroom
Great West Gold, Inc.
Great West Gold, Inc. -- Acquisition
NEW YORK, NY, April 30, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Pink Sheets:GWGO) has acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities, the company being engaged in the issue of and the marketing of prepaid debit and credit cards. The Company is also engaged in various payment solution enterprises.
Cubic Energy, Inc.
Cubic Energy, Inc. Completes S.E. Johnson 19 No. 1
DALLAS, April 30, 2007 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") announces today that it has perforated and fracture stimulated Hosston and Cotton Valley sands in the Company's S.E. Johnson 19 No. 1. The flowback and cleanup of both formations is currently underway.
Federal Home Loan Bank of Cincinnati
FHLBank Cincinnati Announces First Quarter 2007 Results
CINCINNATI, Ohio, April 30, 2007 (PRIME NEWSWIRE) -- The Federal Home Loan Bank of Cincinnati (FHLBank) today released unaudited financial results for the first quarter ended March 31, 2007. Net income for the quarter increased $4.5 million, or 7.5 percent from the same period in 2006. Assets rose 0.5 percent compared to year-end 2006. Mission Asset Activity -- which comprises the FHLBank's two main lines of business, Credit Services and the Mortgage Purchase Program -- grew 1.4 percent in the first quarter of 2007, compared to year-end 2006. The FHLBank also added $6.7 million to retained earnings in the first quarter, bringing the total to $262.2 million as of March 31, 2007.