latest news releases from the newsroom
SimpleTech Expects to Exceed Prior Financial Guidance for the First Quarter of 2006
SANTA ANA, Calif., April 20, 2006 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, developer, manufacturer and marketer of custom and open-standard memory solutions based on Flash memory and DRAM technologies, and external storage solutions, today announced preliminary financial results for the first quarter of 2006 ended March 31, 2006. Based on a preliminary review of first quarter results, SimpleTech expects to exceed both its previous revenue and diluted earnings per share guidance for the first quarter of 2006. In the previous guidance, originally provided on March 1, 2006, the company expected total revenue for the first quarter to range between $55 million and $60 million with approximately break even diluted earnings per share. The Company currently expects first quarter of 2006 net revenue of approximately $65 million to $66 million and diluted earnings per share of approximately two cents. The upward revision is due primarily to stronger than expected OEM Flash, OEM DRAM and Consumer external storage revenue in March.
Industrial Nanotech, Inc.
Industrial Nanotech Reports Record First Quarter Sales
NAPLES, Fla., April 20, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK) is pleased to announce that the Company will post record sales for the first quarter ended March 30, 2006. The Company recorded revenues of $112,727 for Q1 2006, representing a 438% increase over revenue for the same period in 2005. Sales for the first quarter of 2006 were equivalent to 60% of total sales for the entire fiscal year 2005 which were $186,863. Industrial Nanotech has demonstrated significant revenue growth year-over-year since its inception, with 2005 sales showing an increase of 241% over sales for the fiscal year 2004.
Old National Bancorp
Old National Reports Solid First-Quarter Earnings of $.31 Per Share
EVANSVILLE, Ind., April 20, 2006 (PRIMEZONE) -- Old National Bancorp (NYSE:ONB) today announced first-quarter earnings from continuing operations of $20.7 million, or $.31 per share. Net income, which includes results from discontinued operations, mirrored income from continuing operations for the first quarter of this year, as there were no discontinued operations to report for this period. These results represent a 10.7% increase in earnings per share from continuing operations over the $.28 earned in the fourth quarter of 2005 and a 40.9% increase over the $.22 per share from continuing operations earned in the first quarter of 2005. Net income for the first quarter of 2005 was $.21 per share.
Nokia Buy Rating from DonHarrold.net
SHREVEPORT, La., April 20, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Micron Technology Inc (NYSE:MU), Nokia Corp Ads (NYSE:NOK), XM Satellite Radio Hldgs (Nasdaq:XMSR), and Staples Inc (Nasdaq:SPLS).
Nortel Sell Rating from DonHarrold.net
SHREVEPORT, La., April 20, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079) (http://www.donharrold.net) rates Nortel Networks Holding (NYSE:NT), Wal-Mart Stores Inc. (NYSE:WMT), Bristol-Myers Squibb Co. (NYSE:BMY), and Lexar Media Inc. (Nasdaq:LEXR). DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a member's area with detailed information on widely held stocks.
Intel Weak Buy Rating from DonHarrold.net
SHREVEPORT, La., April 20, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079) (http://www.donharrold.net) rates Intel Corp. (Nasdaq:INTC), Sprint Nextel Corp. (NYSE:S), Qwest Communications International Inc. (NYSE:Q), and Charter Communications Inc (Nasdaq:CHTR). DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a members' area with detailed information on widely held stocks.
Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Signs Engagement Agreement with Sanders Morris Harris, Inc.
OAKDALE, Calif., April 20, 2006 (PRIMEZONE) -- Itec Environmental Group, Inc., a Delaware corporation ("Itec"), (OTCBB:ITEC) is pleased to announce that it has engaged Sanders Morris Harris, Inc. ("SMH"), to act as an exclusive financial advisor to Itec in connection with the evaluation and execution of the potential acquisition of two recycling facilities from Waste Management Recycle America, L.L.C. ("WMRA"), located in Chicago, Illinois and Raleigh, North Carolina (the "Acquisitions") and, in conjunction with Knight Capital Markets, LLC, the placement of any requisite financing for such acquisitions.