latest news releases from the newsroom
Cubic Energy, Inc.
Cubic Energy, Inc. Announces Deeper Drilling of Daniels 3 No. 1 Well
DALLAS, Oct. 24, 2007 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") announces today that drilling on the Daniels 3 No. 1, which spud on October 13, 2007 and is the Company's eighth well in its Johnson Branch acreage, will now continue through the deeper Bossier Shale and Haynesville formations to a total depth of 11,750 feet.
Capital Product Partners L.P.
Capital Product Partners L.P. Schedules Third Quarter 2007 Earnings Release and Conference Call
ATHENS, Greece, Oct. 24, 2007 (PRIME NEWSWIRE) -- Capital Product Partners L.P. (Nasdaq:CPLP) today announced that it will release financial results for the third quarter ended September 30, 2007 on Wednesday, October 31, 2007, before the NASDAQ market open. Following the release of its results, Ioannis Lazaridis, Chief Executive Officer and Chief Financial Officer, will host an interactive conference call on Wednesday, October 31, 2007 at 10:00 am Eastern Time (U.S.).
Milatuzumab Showed Promising Therapeutic Effects Alone and Combined With CD20 Antibody in Preclinical Studies
SAN FRANCISCO, Oct. 24, 2007 (PRIME NEWSWIRE) -- Immunomedics, Inc. (Nasdaq:IMMU), a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, announced that its humanized anti-CD74 antibody, milatuzumab, showed promising therapeutic activity for B-cell lymphoma in animal models. This activity can be enhanced when combined with anti-CD20 antibodies. Rhona Stein, Ph.D., of the Garden State Cancer Center in Belleville, NJ, presented these preclinical results at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics: Discovery, Biology, and Clinical Applications in San Francisco, CA.
Macau to Host China's First Ever International Poker Tournament
MACAU, Oct. 24, 2007 (PRIME NEWSWIRE) -- PokerStars (www.PokerStars.net), the world's largest online poker site, today announced the first ever real money No-Limit Texas Hold'em poker tournament to be held in the People's Republic of China. The 'PokerStars.net Asia Pacific Poker Tour Macau: Asian Poker Open' $2,500 buy-in Main Event, which is being run in conjunction with the Galaxy Entertainment/Grand Waldo Casino group and First Impression Ltd., takes place from November 22-27 at the Grand Waldo Hotel and Casino on the historic Chinese island of Macau.
Commonwealth Bankshares, Inc.
Commonwealth Bankshares, Inc., Norfolk, VA, Announces Earnings for the Quarter and Nine Months Ended September 30, 2007
NORFOLK, Va., Oct. 24, 2007 (PRIME NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq:CWBS) today reported record earnings of $8.5 million for the first nine months of 2007, an increase of $1.1 million or 15.5% over the comparable period in 2006. For the quarter ended September 30, 2007, the Company earned $2.8 million, an increase of 0.2% over the third quarter of 2006. On a per share basis, diluted earnings were $1.21 compared to $1.29 for the same period in 2006. For the quarter ended September 30, 2007, diluted earnings per share was $0.40 as compared to $0.48 for the third quarter in 2006. All share and per share amounts have been restated for all periods presented to reflect the eleven-for-ten stock split distributed on June 30, 2006 to shareholders of record on June 19, 2006 and the eleven-for-ten stock split distributed on December 29, 2006 to shareholders of record on December 18, 2006. Earnings per share comparisons were affected by a greater number of shares outstanding in the 2007 periods as a result of the 1.2 million shares of common stock issued in October 2006 from the completion of a $27.5 million private placement of the Company's common stock.
Q.E.P. Co., Inc.
Q.E.P. Co., Inc. Expands Its Alliance With Estillon B.V. Into Great Britain and Ireland
BOCA RATON, Fla., Oct. 24, 2007 (PRIME NEWSWIRE) -- Q.E.P. Co., Inc. (Nasdaq:QEPC) (the "Company" or "QEP") announced that, effective today, its Roberts(r) and Smoothedge(r) carpet tools and accessories previously sold to distributors through the Company's Roberts U.K. Limited subsidiary are now being distributed in Great Britain and Ireland by Estillon B.V. This new alliance is a natural extension of a similar strategic relationship established between Roberts and Estillon throughout continental Europe last year.