latest news releases from the newsroom
Golden Patriot Corp.
Golden Patriot Announces NYSE Gold Major to Initiate Sampling Program On One of the Company's Gold Prospects
LAKE SUCCESS, N.Y., Aug. 2, 2006 (PRIMEZONE) -- Golden Patriot, Corp. ("Golden Patriot") (OTCBB:GPTC) (Frankfurt:GPU) is extremely pleased to announce that it has now received confirmation that a NYSE listed gold company will initiate a sampling program on one of Golden Patriot's gold prospects. At this time the geologic work will be conducted by the major, which may lead to a full scale drill program in the future. However, there is no guarantee that either an option or joint-venture agreement will be entered into.
Kiwa Bio-Tech Products Group Corporation
Kiwa Bio-Tech Signs One-Year Contract for $34 Million
CLAREMONT, Calif., Aug. 2, 2006 (PRIMEZONE) -- Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) has signed an agreement with China Hua Yang Roneo Corporation. China Hua Yang Roneo Corporation has agreed to order 200,000 tons of urea. The urea will be mixed with Kiwa's products, particularly Kiwa Yimuling, a bio-fertilizer, which will be sold pursuant to a separate contract to be entered into between the parties. The term of the agreement is 18 months and is extendable for an additional period of six months. The value of the contract is US$34,000,000, based on a value of US$170 per metric ton.
National Corn Growers Association
NCGA Applauds Senate Passage of Bipartisan Natural Gas Legislation
WASHINGTON, Aug. 1, 2006 (PRIMEZONE) -- With demand for natural gas increasing and production levels not keeping pace, the National Corn Growers Association (NCGA) today applauds Senate passage of the Gulf of Mexico Energy Security Act, S. 3711, which would allow expanded natural gas production in the outer continental shelf (OCS). Currently, much of the potential gas production off the U.S. coast is subject to a federal ban on drilling. The Senate passed the bill by a vote of 71 to 25.
Nalco Reports Strong Earnings Improvement; Outlook Reaffirmed
NAPERVILLE, Ill., Aug. 1, 2006 (PRIMEZONE) -- Nalco Holding Company (NYSE:NLC) today reported significantly improved second-quarter financial performance, led by strong growth and margin expansion in its Energy Services business. Nalco sales grew 6.5 percent to $891.0 million, including 6.0 percent organic growth and 0.5 percent in favorable foreign currency translation rate changes from prior-year revenues of $836.3 million.
GSI Group to Present at Two Upcoming Investor Conferences
BILLERICA, Mass., Aug. 1, 2006 (PRIMEZONE) -- GSI Group Inc. (Nasdaq:GSIG) announced today that GSI's Vice President and General Manager of the Semiconductor Systems Group, Nino Federico, will present at the Canaccord Adams Summer Seminar held at the Boston Marriott Long Wharf in Boston on Wednesday, August 9th.
Salon City, Inc.
Salon City, Inc. Retains Fountain Capital Fund, Inc. in Connection With Its Initial Listing on the Pink Sheets
WEST HOLLYWOOD, Calif., Aug. 1, 2006 (PRIMEZONE) -- Salon City, Inc. (Pink Sheets:SLON) has retained the Pittsburgh, PA investment firm of Fountain Capital Fund, Inc. in connection with its initial listing of common stock on the Pink Sheets. Fountain Capital has agreed to, among other things, (1) assist Salon City with public relations and introductions to third-party public relations service providers; (2) assist with investor relations functions and responsibilities; (3) assist with capital acquisition strategies; (4) assist with business development planning; and (5) make a firm commitment promise to purchase $20.0 million worth of sponsorship advertising and licensing in Salon City's media products and projects over a two year period of time, with a minimum purchase of $500,000 during the first eight weeks and $1.0 million per month thereafter, which purchases shall consist, by way of example, of sponsorship of a television show or a live event, or other advertising buys in which Salon City has complete control over the advertising content.
First Security Group, Inc.
First Security Group, Inc. Elects Randall L. Gibson as New Board Director
CHATTANOOGA, Tenn., Aug. 1, 2006 (PRIMEZONE) -- First Security Group, Inc. (Nasdaq:FSGI), a community bank holding company serving middle and eastern Tennessee and northern Georgia, today announced that Randall L. (Randy) Gibson has been named as an additional director of the Company. For the past 11 years, Mr. Gibson has served as Chief Manager and General Counsel for Lawler-Wood, LLC. Based in Knoxville, TN, Lawler-Wood is a real estate development and property management firm. Mr. Gibson practiced law in Chattanooga, TN from 1986 to 1995 as a partner in the regional law firm of Baker, Donelson, Bearman and Caldwell, specializing in commercial and construction law.