latest news releases from the newsroom
Kingdom Ventures Inc.
Kingdom Ventures' 10-Q Contains 72% Revenue Growth; Reported Loss Due Primarily to Non-Cash Stock Compensation Expense
MINDEN, Nev., June 18, 2003 (PRIMEZONE) -- Kingdom Ventures (OTCBB:KDMV), a church development company, announced today that the revenue figures announced on its recently released 10-Q demonstrate a 72% growth when compared to the previous year. Revenue of $1,151,981 shows a dramatic increase when contrasted with the $668,543 of revenue reported for the same period in the prior year. The 10-Q, released on June 17, showed a substantial non-operating loss of $2,620,716. This loss was virtually all accounted for by the non-cash transaction of $2,565,060 for costs associated with the exercise of compensation warrants at below market prices by business development consultants, which have been reflected in accordance with Generally Accepted Accounting Principles (GAAP) on the company financial statements. Were it not for the non-cash transaction, the Company would have been at virtual break-even for the year to date.
AdZone Research, Inc.
AdZone Research to Present at EQUITIES Magazine Conference Thursday Morning
NEW YORK, June 18, 2003 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR), a pioneering Internet surveillance technology solutions provider that last month won its first revenue-generating contract from a major defense contractor, reminded shareholders today that it will be presenting at the June 19th EQUITIES 52nd Anniversary Summer Conference in New York City, sponsored by Equities Magazine, tomorrow, Thursday, June 19, beginning at 9:30 a.m.
Penn's Landing Corporation
Children's Special Sundays Presented By Independence Blue Cross
PHILADELPHIA, June 18, 2003 (PRIMEZONE) -- Summer and Sundays ... kids and fun! It all goes together perfectly during CHILDREN'S SPECIAL SUNDAYS on the Philadelphia waterfront in July and August from 2 p.m. to 4 p.m. Held at the International Sculpture Garden at Penn's Landing, located on Columbus Boulevard at Dock Street, adjacent to the Hyatt Regency Philadelphia, CHILDREN'S SPECIAL SUNDAYS are free and are presented by Independence Blue Cross. The giggles can be heard loud and clear with magicians, jugglers, musicians, traveling museum shows, craft activities, face painting and more planned for the kids! The 2003 CHILDREN'S SPECIAL SUNDAYS
BSI2000, Inc. Debuts Nationally on CNBC Television Today
LAKEWOOD, Colo., June 18, 2003 (PRIMEZONE) -- BSI2000 (OTCBB:BSIO) announced today that the company is beginning a national marketing campaign on CNBC Television. CNBC is the recognized global leader in business news, providing real-time financial market coverage and business information to more than 175 million homes worldwide, including more than 86 million households in the United States and Canada.
Hansabank: New Board Member
HELSINKI, Finland, June 18, 2003 (PRIMEZONE) -- In a meeting held today the Council of Hansabank elected Ugis Zemturis -- Vice Chairman of the Board and Head of Retail Banking of the Latvian Hansabanka, as a member of the Board of Hansabank Group.Ugis Zemturis has headed the Retail Banking Division of Hansabanka for the past five years. Under his supervision the bank introduced new customer service and quality standards. For the past two years Hansabanka has been elected as the best bank in Latvia in customer service.