latest news releases from the newsroom
ManageSource Research, RIA
ManageSource Research initiates coverage of GTC Telecom Corp. -- GTCC
SAN FRANCISCO, May 15, 2002 (PRIMEZONE) -- ManageSource Research announced today that it has initiated coverage of GTC Telecom Corp. (OTCBB:GTCC) and has assigned a BUY rating and a twelve-month price target of $0.79 - $1.00. ManageSource is citing consistent earnings growth, gross sales revenue, highly effective cost management and strong intangible prospects as the primary drivers for their recommendation. GTC Telecom is a low-cost reseller of telecommunications and related products and services utilizing MCI/Worldcom's global telecom infrastructure.
Spector Roseman Kodroff & Willis, P.C.
Spector, Roseman & Kodroff, P.C. Announces Class Action Suit Against Edison Schools, Inc. for Securities Fraud -- EDSN
PHILADELPHIA, May 15, 2002 (PRIMEZONE) -- Spector, Roseman & Kodroff, P.C. has filed a class action suit on behalf of purchasers of the securities of the common stock of Edison Schools, Inc. ("Edison Schools" or the "Company") (Nasdaq:EDSN) between November 11,1999 and February 13, 2002 (the "Class Period"), inclusive. The action is pending in the United States District Court, for the Southern District of New York, against the Company and certain of its officers and directors.
American Realty Investors, Inc.
American Realty Investors Reports First Quarter 2002 Net Income of $.05 vs. $.17 in 2001
DALLAS, May 15, 2002 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) Wednesday announced first quarter 2002 net income of $594,000, or $.05 per share, on revenue of $38.28 million, as compared to net income of $1.75 million, or $.17 per share, on revenue of $41.45 million in the comparable period of 2001. The decreased income resulted from lower rental income due to property sales and reduced gains on land sales.
EARTH (Canada) Corp.
EARTH (Canada) and Expro Group Sign International Licensing Agreement for TORR Technology
MONTREAL, Quebec and ABERDEEN, U.K., May 15, 2002 (PRIMEZONE) -- Environmental Applied Research Technology House -- EARTH (Canada) Corporation (CDNX:EAR) is pleased to announce that it has signed a Licensing Agreement with Expro Group (LSE:EXR) for the use of the TORR(tm) (Total Oil Remediation & Recovery) technology in the Production operations, Well Cleanup and associated fields of the upstream oil and gas industry. The TORR(tm) technology, proprietary to EARTH (Canada) is capable of treating oily water produced from oil and gas wells, to a level exceeding all international environmental standards.
Transcontinental Realty Investors, Inc.
Transcontinental Realty First Quarter 2002 Net Loss of $.17 vs. $.04 Net Income in 2001
DALLAS, May 15, 2002 (PRIMEZONE) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) Wednesday announced decreased rent income and lower gains on real estate sales resulted in a first quarter 2002 net loss of $1.38 million, or $.17 per share, on revenue of $30.66 million, as compared to net income of $309,000, or $.04 per share, on revenue of $34.53 million for the first quarter of 2001.