latest news releases from the newsroom
Horizon Offshore Inc.
Horizon Offshore Extends Maturity Date of Loan Agreements and Provides Update Regarding Recapitalization and Refinancing of Indebtedness
HOUSTON, Jan. 21, 2005 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) announced that it successfully amended its two revolving credit facilities agented by Southwest Bank of Texas, N.A. (Southwest Bank) to extend the maturity date of the credit facilities to February 11, 2005. The Company will prepay $1.3 million on the domestic facility and secure the remaining $5.0 million outstanding under the facility with $2.5 million of cash. The remaining amounts outstanding under the domestic facility will be repaid with any domestic receivables collections in excess of $5.5 million and future collections on all foreign receivables will pay down the $12.7 million outstanding under its EXIM guaranteed facility.
The Hayman Company
The Hayman Company Announces Hiring of Key Personnel
TROY, Mich., Jan. 21, 2005 (PRIMEZONE) -- The Hayman Company announced today the addition of two key members to its Troy, MI based real estate company team. CPA Nancy Holmes has been appointed acquisition analyst and attorney Rick Kalisher has been named vice-president of business development.
Roberts Realty Investors, Inc.
Roberts Realty Investors, Inc. Acquires Land on Peachtree Dunwoody Road
ATLANTA, Jan. 21, 2005 (PRIMEZONE) -- Roberts Realty Investors, Inc. (AMEX:RPI) announced today the purchase of 9.84 acres located on Peachtree Dunwoody Road across the street from MARTA's North Springs rail station in the affluent Perimeter Center submarket of Atlanta. The property was acquired for $15,700,000 from Roberts Properties Peachtree Dunwoody, LLC, which is owned and controlled by Mr. Charles S. Roberts, the CEO of Roberts Realty. Roberts Properties Peachtree Dunwoody, LLC purchased the property in 1999, then spent two years rezoning it and a year successfully defending a homeowners' lawsuit against Fulton County that challenged the rezoning.
Ekwan- X Inc.
Ekwan-X Completes First Phase of Nevada Project
TORONTO, Jan. 21, 2005 (PRIMEZONE) -- Ekwan-X, Inc. (Pink Sheets:EKWX) is very pleased to announce that it has completed the first phase of its data acquisition program.. The results of its review in Nevada have shown several promising areas and have been selected for further investigation. Further follow-up with reviews of known satellite and airborne data will commence shortly. This review and analysis will allow Ekwan-X to select specific sites for ground truthing.