latest news releases from the newsroom
United Online, Inc.
United Online to Present at the Piper Jaffray Seventh Annual Technology Conference
WOODLAND HILLS, Calif., May 9, 2005 (PRIMEZONE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of consumer Internet subscription services, today announced that the company will present at the Piper Jaffray Seventh Annual Technology Conference on May 11th, 2005 in New York, NY. Mark Goldston, chairman, CEO, and president, and Charles Hilliard, executive vice president, finance and CFO, will speak at the event. The company is scheduled to present at 1:45 p.m. ET (10:45 a.m. PT).
Ruby Mining Company
Ruby Mining Company Raises Over $1 Million in Private Placement
ATLANTA, May 9, 2005 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM), conducting operations through its subsidiary, Admiralty Corporation (Admiralty), announced today that a private offering of securities to accredited investors has been completed. Gross offering proceeds totaled $1,058,602.60. The offering consisted of a warrant exercisable at $0.35 for one share of restricted common stock. The warrant cost $0.10 each and it is exercisable until January 31, 2008. The common stock is restricted from resale under Rule 144, unless a registration of the shares occurs first. A mixture of current shareholders and new investors purchased the warrants. Additionally, a number of warrants were exchanged for existing debt.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces First Quarter Net Income
WEST PALM BEACH, Fla., May 9, 2005 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income for the first quarter of 2005 of $2.4 million or $0.04 per share compared to net income of $6.8 million or $0.10 per share for the first quarter of 2004. Results for 2005 are net of a tax provision of $0.6 million as compared to $0.01 million in the same period of 2004.
Telelogic and MatrixOne Join Forces to Align Customer Requirements with the Product Lifecycle
MALMO, Sweden and WESTFORD, Mass., May 9, 2005 -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, and MatrixOne, Inc. (Nasdaq:MONE), a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain (TM), today announced the commercial availability of a Customer Needs Management solution that integrates Telelogic DOORS, the market-leading solution for requirements management, with MatrixOne Product Central, MatrixOne's solution for managing a portfolio of products, features and configurations throughout the product lifecycle.
XsunX Begins Shipments of Power Glass Samples to Product Developers
ALISO VIEJO, Calif., May 9, 2005 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass(TM) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it has begun shipments of Power Glass(TM) samples to manufacturers for use in product development and testing.
Cornell Companies, Inc.
Cornell Companies Reports First-Quarter 2005 Results
HOUSTON, May 9, 2005 (PRIMEZONE) -- Cornell Companies, Inc. (NYSE:CRN) today reported results for the period ended March 31, 2005. The Company reported a net loss of $2.3 million, or $0.17 per diluted share, compared with net income of $0.7 million, or $0.05 per diluted share, in same period last year. This year's first-quarter results included $1.0 million of start-up costs (net of start-up revenues) for new facilities, $0.8 million of losses from discontinued operations, and $0.5 million of losses associated with New Morgan Academy. Cornell had previously announced an anticipated restructuring charge in the first quarter 2005 of $1.5 million, or $0.07 per diluted share. Due to more aggressive action with respect to management streamlining, Cornell took an actual charge of $2.1 million, or $0.10 per diluted share. The 2004 first quarter results included a total of approximately $1.1 million for start-up costs for new facilities and losses associated with New Morgan Academy.
Mediasurface Announces Market-Beating Performance
STAMFORD, Conn., May 9, 2005 (PRIMEZONE) -- Mediasurface (LSE:MSR) has announced a highly successful first six months, since floating on the Alternative Investment Market (AIM) in August 2004, which coincides with financial results ahead of market expectations.
Sampo Professional Grows Flat Panel Display Family with Shipment of Three New Business-Class LCD and Plasma Displays
CITY OF INDUSTRY, Calif., May 9, 2005 (PRIMEZONE) -- Sampo Professional, a leading provider of network-enabled flat-panel display solutions for the commercial, education and government sectors, and home theater environments, today announced the availability of the newest members of its industry-leading family of high-performance professional flat panel digital displays; the Sampo Professional 26-Inch WXGA LCD Display (LME-26X8), 32-Inch WXGA LCD Display (LME-32X8), and 50-Inch WXGA Plasma Display (PME-50X7).