latest news releases from the newsroom
GB&T Bancshares, Inc.
GB&T Bancshares Reports First Quarter Net Income of $3.3 Million
GAINESVILLE, Ga., April 19, 2006 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a multi-bank holding company with six community banks in high growth markets surrounding the metropolitan Atlanta (GA) area, reported an 8.8 percent increase in first quarter 2006 net income, to $3.3 million compared with $3.0 million for the first quarter of 2005. Diluted earnings per share for the first quarter of 2006 were $0.25 compared with $0.25 for the prior-year period. The earnings per share results reflect an increase in the provision for loan losses as well as a 7.2 percent increase in weighted average diluted shares outstanding.
Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Signs Letter of Intent with Waste Management Recycle America, L.L.C. to Acquire Two Plastic Recycling Facilities
OAKDALE, Calif., April 19, 2006 (PRIMEZONE) -- Itec Environmental Group, Inc., a Delaware corporation ("Itec"), (OTCBB: ITEC) has completed the execution of a Letter of Intent with Waste Management Recycle America, L.L.C. ("WMRA"), a wholly owned subsidiary of Waste Management, Inc. (NYSE:WMI) (the "LOI"), to acquire two plastic recycling facilities located in the Chicago, Illinois and Raleigh, North Carolina (the "Acquisitions").
ImmuDyne Announces Share Buyback
FLORENCE, Ky., April 19, 2006 (PRIMEZONE) -- ImmuDyne (Pink Sheets:IMMD), the leading supplier of Yeast Beta Glucan, announced that the Company has now repurchased more than 500,000 shares of its own common stock in open market transactions. The Company also stated that it may repurchase additional shares from time to time as conditions permit, in the open market. ImmuDyne has approximately nineteen million shares outstanding.
StockGuru.com Announces Profile Coverage of Oxford Media
DALLAS, April 19, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Oxford Media, Inc. (OTCBB:OXMI). Oxford Media is a developer of digital Video-on-Demand ("VOD") and Pay-Per-View ("PPV") entertainment systems that are scalable and turnkey offering hotel guests a variety of video content on-demand including the latest first-run Hollywood movies, while giving a ROI to property owners. Oxford Media's market is comprised of small and mid-sized hotels and motels -- a segment of the hotel industry previously underserved and unable to offer such services to their guests. This targeted market of hotel properties between 50 to 300 rooms, comprises over 2.4 million hotel rooms in the U.S. and represents approximately 56% of the total hotel market.
Technest Holdings, Inc.
Technest Holdings Receives Incremental Funding from U.S. Army
BOSTON, April 19, 2006 (PRIMEZONE) -- Technest Holdings, Inc. (OTCBB:TCNH), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that its wholly owned subsidiary, EOIR Technologies Inc., has received incremental funding from the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) totaling $2.2 million for remote sensor technology products and engineering services.
OTCPicks.com Announces Initiation of Profile Coverage for Coffee Pacifica, Inc.
PROSPER, Texas, April 19, 2006 (PRIMEZONE) -- Brian Dean, Publisher of OTCPicks.com, announced today that the website has initiated Profile Coverage of Coffee Pacifica, Inc. (OTCBB:CFPC). Says Mr. Dean, "Coffee Pacifica has come a long way since its inception and is positioned to become one of the largest green bean coffee suppliers in North America. The Company's growing role in the coffee industry is evident from the fact that it was recently listed on the Standards & Poors' directory. The Company is in the process of becoming the number one supplier of PNG coffee in the U.S. within the next 18 months. The increased focus on the growing U.S. market highlights the management commitments to cash on the surge in specialty coffee consumption in the U.S. and to pursue this significant market and revenue opportunity. The Company further seeks to continue to acquire "Roaster Retailers" who are vertically integrated sellers of coffee and operate their own coffee roasting facilities. PNG green bean coffee accounts for around 2% of the total U.S. green bean coffee supply and Coffee Pacific is positioned to dominate and grow that segment of the U.S. coffee market."
United Online, Inc.
United Online Announces First-Quarter Earnings Release Date and Conference Call
WOODLAND HILLS, Calif., April 19, 2006 (PRIMEZONE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of consumer Internet and media services, today announced that it will release results for its first quarter ended March 31, 2006, after market close on May 3, 2006.
Lantronix Announces RoHS-Ready, Next Generation Version of World's Best Selling Device Server
IRVINE, Calif., April 19, 2006 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX), today introduced the UDS1100, a more powerful, RoHS-compliant version of its best selling UDS external device server. Lantronix UDS (Universal Device Server) family is well-known for helping manufacturers worldwide network-enable their products and services. Mandated by the European Parliament and Council of the European Union, RoHS (Restriction on Hazardous Substances) requires that manufacturers reduce the usage of certain substances in electrical and electronic equipment by July 2006.