The former finance chief of Refco was indicted Tuesday, accused of helping to hide hundreds of millions of dollars in losses.
BASKING RIDGE, N.J., Oct. 25, 2006 (PRIMEZONE) -- Millennium Biotechnologies Group, Inc. (OTCBB:MBTG) announced today that it has entered into an Asset Purchase Agreement with RAC Nutrition Corporation, a newly formed company controlled by Aisling Capital II, LP in accordance with the previously announced letter of intent. Pursuant to the Asset Purchase Agreement, Millennium will exchange all of the assets used in Millennium's nutraceutical business to RAC Nutrition for shares of common stock of RAC Nutrition. The newly formed RAC Nutrition will be initially capitalized by the issuance to Aisling and other investors of $15 million in convertible preferred stock.
LANGLEY, British Columbia, Oct. 25, 2006 (PRIMEZONE) -- Jason Rite, President of Nitro Lube Inc. (Pink Sheets:NTLB), today stated, "The recent vicious selling attack on the company's common stock is a mystery and a great disappointment. Some of our shareholders have been demoralized by the sell-off from a sixty-five cent price level to six cents in a matter of a few weeks. We are investigating the possibility that our stock may have been 'shorted' by unscrupulous market makers."
SCOTTSDALE, Ariz., Oct. 25, 2006 (PRIMEZONE) -- TASER International, Inc. (Nasdaq:TASR) a market leader in advanced electronic control devices reported today that revenues for the third quarter of 2006 were $18.3 million, a 57% increase over the same quarter of the prior year and the third highest quarterly revenues in the Company's history. Income from operations for the third quarter was $3.7 million, a 471% increase compared with $654,000 in the prior year period. Net income and basic and diluted earnings per share for the third quarter were $2.4 million and $0.04 per share. Business also continued to improve sequentially as revenues in the third quarter of 2006 increased by $2.1 million over the second quarter of 2006 and operating margin improved to 20.4% of revenue as the Company continues to improve its operating leverage. The Company generated $3.4 million of cash from operations in the third quarter of 2006 which increased the total cash, cash equivalents and investments balance to $50.5 million. The Company also repurchased 300,000 shares of its common stock at a cost of $2.2 million in the third quarter.
MEDIA ADVISORY, Oct. 25, 2006 (PRIMEZONE) --
HELSINKI, Finland, Oct. 25, 2006 (PRIMEZONE) -- A news conference will be held today on October 25, 2006 at 1:30 p.m. in Finnish and at 3:00 p.m. in English at Metso's Corporate Office, Fabianinkatu 9 A, Helsinki, Finland. The English-language news conference can be followed on the Internet at www.metso.com.
SCOTTSDALE, Ariz., Oct. 25, 2006 (PRIMEZONE) -- ItsFun.com, a premier web site for buying music online of indie artists, has signed a marketing agreement with the up and coming TheEmployer.com, which is taking direct aim at the big employment sites with lower prices and a more user-friendly approach.
NORTH WILKESBORO, N.C., Oct. 25, 2006 (PRIMEZONE) -- Expo Holdings, Inc. (Pink Sheets:EXPH) announced third quarter gross profits have increased more than 10% from the same period last year. The gross profit gains can be directly attributed to established relationships & sales growth with several key customers, specifically Lowe's Companies, Newell Rubbermaid (Bernzomatic), Kronotex, and Levelor.
IRVINE, Calif., Oct. 25, 2006 (PRIMEZONE) -- "As the pharmaceutical and health care market begins to surge under the massive demographic that is the aging Baby Boomers, clinical trials to treat an array of maladies may soon grab headlines," stated SmallCap Sentinel analyst D.R. Clark. "Savvy companies are swiftly executing research and development to service huge needs within this enormous group."
Cynthia Carroll is the first woman, outsider and non-South African to become chief executive at London-based Anglo American.
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