latest news releases from the newsroom
Whittier Energy Corporation
Whittier Energy Corporation Announces First Quarter Results and 27% Increase In Quarterly Revenues
HOUSTON, May 17, 2004 (PRIMEZONE) -- Whittier Energy Corporation (the "Company") (OTCBB:WHIT) announced today net operating income of approximately $341,000 for the quarter ended March 31, 2004, before a non-cash impairment of the Company's investment in certain marketable securities. The Company generated record oil and gas production and revenues during the recent quarter, which were offset by a $645,000 reclassification of its unrealized loss in Chaparral Resources, Inc. into earnings. After the impairment, the Company generated a net loss of $276,000, or $0.03 per share, for the quarter ended March 31, 2004, compared to net income of $252,000, or $0.03 per share, for the comparable period ended March 31, 2003. Cash flows from operations were $619,000 for the three months ended March 31, 2004, compared to $441,000 for the three months ended March 31, 2003.
Tribeworks, Inc. Announces 2004 Annual General Meeting Results
SAN FRANCISCO, May 17, 2004 (PRIMEZONE) -- Mr. Duncan Kennedy, the Chief Executive Officer of Tribeworks, Inc. (OTCBB:TRWX), is pleased to announce the results of the Company's 2004 Annual General Meeting. Tribeworks shareholders were asked to vote on four proposals: a one-for-four reverse stock split, Election of Directors, Approval of the 2004 Tribeworks, Inc. Employee Stock Incentive Plan, and the Ratification of the Appointment of Auditors.
Scientific Industries Confirms Significant Increase in Net Earnings for Interim Periods
BOHEMIA, N.Y., May 17, 2004 (PRIMEZONE) -- Scientific Industries, Inc. (OTCBB:SCND) today confirmed its previously announced estimate of significantly higher net income and revenues for the three and nine month periods ended March 31, 2004 compared to the same periods last year. Net income increased to $48,600 ($.05 per share) and $139,300 ($.14 per share) for its three and nine month periods ended March 31, 2004, respectively, compared to $23,800 ($.02 per share) and $23,500 ($.02 per share) for the year earlier periods.
Sky Capital Holdings Ltd.
Sky Capital Holdings Limited Announces Key Appointments
NEW YORK, May 17, 2004 (PRIMEZONE) -- Sky Capital UK Limited ("Sky Capital UK") the wholly owned subsidiary of Sky Capital Holdings Ltd. (LSE:SKY), the London and New York-based full-service investment banking and brokerage firm, is pleased to announce that, following the successful closing of its parents GBP 18.3m fundraising it has expanded its Equity Research Department by the appointment of three analysts to join Kevin Fogarty. The analysts are: