latest news releases from the newsroom
MEDirect Latino, Inc.
MEDirect Latino Inc. Reports Record Revenue Results For June
POMPANO BEACH, Fla., July 11, 2006 (PRIMEZONE) -- MEDirect Latino Inc. (Pink Sheets:MLTO) (www.medirectlatino.org), the first national provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community, today announced record results for June 2006 in gross billings and new patient shipments. MEDirect Latino reports gross billings of $1,542,853 during the month, a 19.15% increase over May billings of $1,294,852. The Company's gross product profit margins increased 3% to 81%. Total new patient shipments for June numbered 7,953, an increase of 22.10% over May shipments of 6,499. The Company's 'patient hold journal' (approved and pending shipment for regulatory processing), closed the month with 8,556 additional customer orders, an increase of 12.6% over the May patient hold journal of 7,599. MEDirect Latino expects to monetize its approved and pending patient orders in July, which is typical to the Company's model.
Northrop Grumman Corp.
Northrop Grumman Achieves Expanded Model CMMI Level 5 Rating
MELBOURNE, Fla., July 11, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has achieved a CMMI(r) Level 5 rating in the Systems Engineering, Software Engineering, Integrated Product & Process Development and Supplier Sourcing (SE/SW/IPPD/SS) models at its Melbourne facility. A Level 5 is the highest possible for benchmarking commercial and defense industry best management practices and processes.
CashEdge Announces Favorable Outcome in Markman Hearing in Yodlee Patent Litigation
NEW YORK and SAN JOSE, Calif., July 11, 2006 (PRIMEZONE) -- CashEdge Inc. (www.cashedge.com), a provider of online financial applications, today announced that the Honorable Susan Ilston of the United States District Court for the Northern District of California has issued an opinion in litigation involving Yodlee Inc. and CashEdge Inc. pertaining to certain of Yodlee's patents.
Toll Brothers, Inc.
Toll Brothers' Website to Broadcast Its August 8, 2006 'Third Quarter 2006 Outlook' Conference Call Live
HORSHAM, Pa., July 11, 2006 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its preliminary results and outlook for its third quarter and fiscal year 2006. The event is scheduled for 2:00 p.m. (EDT) on Tuesday, August 8, 2006. It will follow announcement of the Company's third quarter 2006 preliminary results for home building revenues, contracts and backlog before the market opens on Tuesday, August 8, 2006. The call will be hosted by Robert I. Toll, Chairman and Chief Executive Officer.
San Luis Trust Bank
San Luis Trust Bank 2nd Quarter Earnings Report
SAN LUIS OBISPO, Calif., July 11, 2006 (PRIMEZONE) -- San Luis Trust Bank (OTCBB:SNLS) announced 2nd Quarter '06 earnings of $1.28 million, an 18% increase over 2nd Quarter '05 earnings of $1.08 million. Year-to-date net income through the first 6 months of 2006 was $2.82 million, vs. $2.12 million in 2005, a 33% increase.