latest news releases from the newsroom
BOWE SYSTEC AG
BOWE SYSTEC Group expanding further
AUGSBURG, Germany, July 15, 2003 (PRIMEZONE) -- BOWE SYSTEC, leading manufacturer for high-performance inserting and cutting systems, has taken the decision to establish its own subsidiary in Switzerland. As of July 1, 2003, .... please find the full version of this press release in the attachment below:
Northwest Bancorporation, Inc.
Northwest Bancorporation, Inc. Announces Second Quarter Financial Information
SPOKANE, Wash., July 15, 2003 (PRIMEZONE) -- Northwest Bancorporation, Inc. (OTCBB:NBCT) (the "Company"), parent company of Inland Northwest Bank, announced its financial information for the second-quarter of 2003 today. Total assets were $210 million on June 30, 2003, an increase of $15.4 million (7.9%) over total assets of $194.6 million reported on June 30, 2002. For the second-quarter of the year, after-tax earnings improved from $273,407 in 2002 to $403,025. For the first six-months of the year, earnings have improved from $601,648 for the comparable period in 2002 to $776,777, an improvement of 29.1%. Fully diluted earnings per share for the second-quarter improved from $0.14 per share to $0.21 per share; for the first six-months, earnings improved from $0.32 per share for the comparable period in 2002 to $0.41 per share. Prior year per share results have been adjusted to account for a five-percent stock dividend paid in June 2003. Annualized return on average assets in 2003 is .75% year-to-date, with return on average equity reporting at 8.88%.
Universal Computer Systems
Universal Computer Systems Expands On-Line 'Net Classes Program
HOUSTON, July 15, 2003 (PRIMEZONE) -- Universal Computer Systems is expanding its on-line 'Net Classes program due to the increased participation and demand from clients. 'Net Classes enable dealership employees to participate in one- to two-hour UCS software training workshops over the Internet. Every one of UCS' regular classroom topics is now taught through 'Net Classes.
NetSol Technologies Inc.
NetSol Technologies, Inc. Receives Extension From Nasdaq
CALABASAS, Calif., July 15, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, announced today that it has received a letter from the Nasdaq Stock Market. The letter informed the Company that on or before August 18, 2003, NetSol's common stock must regain compliance with Marketplace Rule 4310(c)(4), which requires the Company's securities to demonstrate a closing bid price of at least $1.00 per share and, immediately thereafter, a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days (or such longer period as Nasdaq deems appropriate).
Northrop Grumman Corp.
Army, EER and Northrop Grumman Host Grand Opening of Logistics Support Complex
RESTON, Va., July 15, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC), the U.S. Army and EER Systems will dedicate a new logistics complex in Chester, Va., today. The logistics support complex houses two facilities central to the Army's goal of bringing Web-based logistics to the warfighter: the National Operation Center -- a Northrop Grumman facility -- and the Logistics Information Systems (LIS) Integration facility, which is managed by EER Systems, a division of L-3 Communications. The complex is located in the Rivers Bend Industrial Complex in Chester.
Beijing and Yangtze River Cruise From $1199!; One-of-a-Kind Air, Land & Cruise Special
BOTHELL, Wash., July 15, 2003 (PRIMEZONE) -- This package is the ideal introduction to the mythical land of China. Enjoy 3 nights in Beijing, China's premiere city, and visit such great sights as the Forbidden City, Summer Palace, Temple of Heaven and of course, China's number one attraction, the Great Wall. Then embark with Victoria Cruises and their Classic Yangtze sailing, which brings the magnificence of the Three Gorges and the Small Three Gorges into view. The ship journeys through vast canyons as it carries travelers between Chongqing and Wuhan. Go-today.com is offering you this mythical journey from as low as $1199!
REVA, Inc. Announces Its New Advanced Custom Video Compression Chip
CULPEPER, Va., July 15, 2003 (PRIMEZONE) -- REVA, Inc. (OTCBB:RVIA) announced today that the company now has a highly developed programmable video compression prototype chip. The chip and supporting circuitry were developed as part of a year-long multi-phased demonstration contract. REVA is using the proprietary Time Critical Quantifier (TCQ) video compression algorithm. The second phase will be demonstrated in late July. The final phase includes the chip and supporting firmware to be incorporated into a new low-cost version of their Digital Transmitter. The modern system is performing 5 to 8 times better than currently fielded systems. No comment can be made about follow on contracts at this time. A fully implemented system board will be approximately the size of a 2-1/2 inch disk drive. The new TCQ chip represents over five years of Research and Development by senior engineers and several renowned PhDs. This unique chip will be standard for all REVA, Inc.'s futuristic products.