latest news releases from the newsroom
Responding to Blackouts, Verizon Wireless Reports on Network Operations
NEW YORK, August 14, 2003 (PRIMEZONE) -- Verizon Wireless reports that its nationwide network is operating, with some of its cell sites and switches in the power-affected areas on emergency generators. However, the company is experiencing heavier than normal call volumes due to extremely high demand. If customers are having trouble getting through, they should wait several minutes before attempting to redial their call.
Flint Telecom Group, Inc.
Semotus Solutions Announces Financial Results for the First Quarter Ended June 30, 2003; Semotus Reports 35% Reduction in Net Loss, Margin Improved to 77% and Cash Burn Reduced by 67%
LOS GATOS, Calif., August 14, 2003 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), a leading provider of software for mobile enterprise applications, reported the financial results of the first quarter of its fiscal year 2004. For the three months ended June 30, 2003, the Company continued on its path to profitability with a reduced net loss and cash burn rate and at the same time further improving its margins.
CTI Group Reports Improvement in 2Q 2003 Results
INDIANAPOLIS, Aug. 14, 2003 (PRIMEZONE) -- CTI Group (Holdings) Inc., (OTCBB:CTIG), a premier worldwide provider of enterprise-wide software engines and systems in the information technology industry, reported revenues of $3.2 million for the quarter ending June 30, 2003, compared to $3.1 million in the same period last year. The increase in revenue was primarily associated with the revenue generated from new customers. For the six months ended June 30, 2003, revenues decreased $0.3 million as compared to the same period last year, from $6.2 million to $5.9 million. The revenue decrease was primarily associated with the impact of a prior year contract renewal with a major customer that required a reduced revenue rate structure.
Harsco Renews $131 Million Syndicated Credit Facility
HARRISBURG, Pa., August 14, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that it has successfully renewed its $131 million, 364-day credit facility through a syndicate of banks led by JPMorgan Chase. Harsco Senior Vice President, Chief Financial Officer and Treasurer Salvatore D. Fazzolari said the renewal reaffirms the continued confidence of the lending community in Harsco's financial strength and long-term outlook. The 364-day facility is part of a combined $350 million credit facility that serves as backup to Harsco's commercial paper program, rated A-2 by Standard & Poor's, P-2 by Moody's and F2 by Fitch Ratings.
John D. Oil and Gas Company
Liberty Self-Stor, Inc. Announces Second Quarter 2003 Results
CLEVELAND, August 14, 2003 (PRIMEZONE) -- Liberty Self-Stor, Inc. (OTCBB:LSSI) today reported that funds from operations from its 19 self-storage facilities for the second quarter of 2003 were $278,069, or $0.09 per share basic and diluted, and for the six months ended June 30, 2003, were $527,173, or $0.17 per share basic and diluted. This is an increase of $322,565, or 157.7%, compared to the six months ended June 30, 2002, when the funds from operations were $204,608. Liberty also reported a net loss of $18,085, or $0.01 per share basic and diluted, for the second quarter of 2003, and a net loss of $44,539, or $0.01 per share basic and diluted, for the six months ended June 30, 2003. This compares to a net loss of $64,215, or $0.02 per share basic and diluted, for the second quarter of 2002, and a net loss of $222,510, or $0.07 per share basic and diluted, for the six months ended June 30, 2002. The net loss for the six months ended June 30, 2002, includes an $84,817 expense, net of minority interest, due to a change in accounting principle.
PracticeXpert Brings Branding Expert on Board
LOS ANGELES, Aug. 14, 2003 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT) today announced that Nelson Dodge, president of MarketStorm LLC, has joined the PracticeXpert advisory board and will be spearheading PracticeXpert's branding and product identity program.