latest news releases from the newsroom
Aurora Oil & Gas Corporation
Cadence Resources Announces Completion of Merger with Aurora Energy
TRAVERSE CITY, Mich., Oct. 31, 2005 (PRIMEZONE) -- Cadence Resources Corporation (OTCBB:CDNR) announced today that its merger with Aurora Energy, Ltd. of Traverse City, Michigan was completed yesterday. Under the terms of the merger, Cadence acquired 100% of the outstanding stock of Aurora Energy in exchange for the issuance to Aurora shareholders of 37,512,366 shares of Cadence common stock. In addition, Cadence has reserved up to 10,497,328 share of its common stock for issuance upon the exercise of outstanding Aurora stock options.
United Online, Inc.
Calling All Werewolves, Goblins and Ghouls!
WOODLAND HILLS, Calif., Oct. 31, 2005 (PRIMEZONE) -- Calling all werewolves, goblins and ghouls! Do you have a digital camera and an Internet connection? If so, PhotoSite wants a photo of you and your spooky friends for the first annual PhotoSite Halloween Costume Party!
Horizon Offshore Inc.
CORRECTING and REPLACING -- Horizon Offshore Provides Financial Guidance for 2005
HOUSTON, Oct. 31, 2005 (PRIMEZONE) -- In the news release, "Horizon Offshore Provides Financial Guidance for 2005," issued Friday, September 16, 2005, by Horizon Offshore, Inc. (Pink Sheets:HOFF), the Company advises that the statements regarding actions taken following the Company's annual meeting and the related financial impact contained in the release have been corrected. The complete corrected text follows:
The Rosen Law Firm PA
The Rosen Law Firm, Representing Investors Who Purchased Barrier Therapeutics, Inc. Stock, Announces Class Action Lawsuit and Seeks to Recover Losses
NEW YORK, Oct. 31, 2005 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) announced today that it has filed a class action in the United States District Court for the District of New Jersey on behalf of purchasers of Barrier Therapeutics, Inc. ("Barrier") (Nasdaq:BTRX) common stock during the period between April 29, 2004 and June 29, 2005 (the "Class Period"). Shareholders who purchased Barrier stock in the Initial Public Offering ("IPO") on April 29, 2004 and/or in its Secondary Offering on February 9, 2005 are also included in this class action.
CoSine Communications, Inc.
CoSine Communications Announces Financial Results for the Quarter Ended September 30, 2005
SAN JOSE, Calif., Oct. 31, 2005 (PRIMEZONE) -- CoSine Communications, Inc. (Pink Sheets:COSN), a provider of customer support services for managed, network-based IP and broadband service providers, today announced revenues of $785,000 and a net loss of $31,000, or $0.00 per share for the three months ended September 30, 2005, as compared to revenues of $1,088,000 and a net loss of $14.6 million or $1.47 loss per share for the three months ended September 30, 2004. For the nine months ended September 30, 2005, CoSine reported revenues of $2.4 million and a net loss of $1.5 million or $0.15 loss per share as compared to revenues of $8.l million and a net loss of $31.7 million or $3.17 loss per share in the nine months ended September 30, 2004.
Empire Global Corp.
Empire Global Corp. to Acquire 501 Canada Inc.
THORNHILL, Ontario, Oct. 31, 2005 (PRIMEZONE) -- Empire Global Corp. (OTCBB:EMGL) (the "Company") announced today that it has entered into a Plan of Merger and Reorganization Agreement with 501 Canada Inc., an Ontario Corporation ("501") whereby Empire Global Corp., through its wholly-owned subsidiary Empire Global Acquisition Corp., an Ontario Corporation ("EGAC") will acquire 100% of the capital stock of 501 through the issuance of exchangeable shares of EGAC, which are exchangeable for 6,240,000 Shares of Common Stock of Empire Global Corp.
Dobson Communications Corporation
Dobson Communications Increases Third Quarter 2005 EBITDA by 25.5 Percent Over Third Quarter 2004
OKLAHOMA CITY, Oct. 31, 2005 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq: DCEL) today reported a net loss applicable to common shareholders of $65.9 million, or $0.45 per share, for the third quarter ended September 30, 2005. (See Table 1.) The third quarter's net loss included income tax expense (non-cash) of $1.2 million and a $66.4 million loss on redemption and repurchases of mandatorily redeemable preferred stock, which resulted from Dobson's repurchase of 70 percent of its outstanding 12.25% and 13% senior exchangeable preferred stock in an exchange for cash and Class A common stock ("the Exchange"). (See below.) For the third quarter of 2004, Dobson reported a net loss applicable to common shareholders of $13.5 million, or $0.10 per share, which included an income tax benefit of $5.6 million.
Platinum Energy Resources, Inc.
Platinum Energy Resources, Inc. Completes Initial Public Offering
NEW YORK, Oct. 31, 2005 (PRIMEZONE) -- Platinum Energy Resources, Inc. (OTCBB:PGRIU) (the "Company") announced today that its initial public offering of 14,400,000 units was consummated on October 28, 2005. Each unit consists of one share of common stock and one warrant. The units were sold at an offering price of $8.00 per unit, generating gross proceeds to the Company of $115,200,000. Casimir Capital L.P. and Cantor Fitzgerald & Co. acted as managing underwriters for the initial public offering. A copy of the prospectus may be obtained from Casimir Capital L.P., 489 Fifth Avenue, New York, New York 10017 or Cantor Fitzgerald & Co., 110 East 59th Street, New York, New York 10017.