latest news releases from the newsroom
Tasty Fries, Inc.
Tasty Fries Announces Extension of 2.5 Million Dollar Letter of Credit
BLUE BELL, Pa., Oct. 21, 2004 (PRIMEZONE) -- Tasty Fries, Inc.(r) (OTCBB:TFRY) announced today that the $2.5 million Letter of Credit issued on May 20, 2004, in favor of Lintelle Engineering, Inc. and scheduled to expire on October 20, 2004, has been extended for an additional 90 days. "This extension ensures that our manufacturer, Lintelle, will complete the first 250 production models of our French fry vending machine with a guaranteed payment schedule. At this time, we are rapidly approaching the installation of our first production units. We are extremely pleased with the final configuration of our machine and we are confident in its ability to perform in the marketplace. The Company will announce the locations of the first customer sites immediately after the machines are installed and operational," stated Edward C. Kelly, President and CEO of Tasty Fries, Inc.
Harsco Sets Third Quarter Sales and Earnings Records
HARRISBURG, Pa., Oct. 21, 2004 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) today reported record diluted earnings per share from continuing operations of $0.74 in the third quarter of 2004, compared with $0.57 in the third quarter of 2003, an increase of 30 percent. Income from continuing operations was a record $30.7 million, compared with $23.4 million last year, an increase of 31 percent. Third quarter sales totaled $617 million, also a record, and up 16 percent from sales of $530 million in the same period last year. Positive foreign currency translation contributed $24 million to this year's third quarter sales and $0.7 million to pre-tax income.
USA Video Interactive Corporate
USVO Forms Partnership With Lightning Media And iO Film; New Total Solutions Package Will Be Showcased At AFM
OLD LYME, Conn., Oct. 21, 2004 (PRIMEZONE) -- USA Video Interactive Corp. (OTCBB:USVO); (TSX Venture Exchange:US); (BSE/Frankfurt:USF); (http://www.usvo.com), Lightning Media, and iO Film have joined forces in a unique partnership combining extensive post-production and digital intermediate services with powerful anti-piracy security protection. The new venture provides a streamlined, comprehensive solution for independent filmmakers to manage their projects, and will be introduced by the three companies in a shared exhibit space at the American Film Market in Santa Monica, CA, November 3 -- 10.
Occidental Petroleum Corp.
Occidental Petroleum Announces Record Third Quarter 2004 Results
LOS ANGELES, Oct. 21, 2004 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced record net income for the third quarter 2004 of $758 million ($1.91 per share), compared with $446 million ($1.16 per share) for the third quarter 2003. Earnings of $1.83 billion ($4.63 per share) for the first nine months of 2004 were 55 percent higher than the $1.15 billion ($2.99 per share) the company earned in the comparable period last year.
FTS Wireless, Inc.
FTS Turns Cash-Flow Positive for first time in its History
LEVITTOWN, Pa., Oct. 21, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next generation wireless and VoIP products, and services and operate Wi-Fi Hot Spots today announced plans to develop a suite of proprietary wireless applications and that the company has turned cash-flow positive for the first time ever.