OSG Reports Record Fiscal 2005 Net Income of $465 Million on $962 Million in TCE Revenues
NEW YORK, Feb. 28, 2006 (PRIMEZONE) — Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader providing energy transportation services, today reported results for the fourth quarter and fiscal year ended December 31, 2005.
The Solvis Group Reports First Quarter Results
ANAHEIM, Calif., Feb. 28, 2006 (PRIMEZONE) — The Solvis Group, Inc. (Pink Sheets:SLVG), a subsidiary of Dalrada Financial Corporation (OTCBB:DRDF) and a provider of staffing solutions to small and medium size businesses, today announced its financial results for the first quarter ended December 31, 2005. The Solvis Group had revenues of $16.5 million and net income of $1.1 million, which were included in the consolidated results reported by Dalrada for its second quarter available for review at www.sec.gov.
Integrated Software Development Signs Follow Up Contract With Largest Chemical Consumer Co. in Israel
KIRYAT BIALIK, Israel and LAS VEGAS, Feb. 27, 2006 (PRIMEZONE) — Integrated Software Development Ltd. (ISD) (Pink Sheets:ITWJ), a provider of enterprise software aimed at small-and medium-sized enterprises, today announced that it signed an additional contract with Sano Ltd., Israel's largest manufacturer and supplier of chemical consumer and personal hygiene products.
Horizon Offshore Reports Fourth Quarter and 2005 Results
HOUSTON, Feb. 28, 2006 (PRIMEZONE) — Horizon Offshore, Inc. (OTCBB:HOFF) reported improved results from operations for 2005. For the fiscal year 2005, gross profit was $56.8 million, or 17.5 percent, on revenues of $325.0 million, compared with gross profit of $27.8 million, or 10.9 percent, on revenues of $254.2 million for 2004. Horizon also reported Adjusted EBITDA, as defined below, of $50.7 million for 2005, compared with $17.7 million for 2004. For the fourth quarter of 2005, gross profit was $24.1 million, or 19.3 percent, on revenues of $124.4 million, compared with gross profit of $13.0 million, or 18.1 percent, on revenues of $72.2 million for the fourth quarter of 2004. Adjusted EBITDA was $24.6 million for the fourth quarter of 2005, compared with $8.8 million for the fourth quarter of 2004.
PHA Commission Delivers Bayport, Security Matters
HOUSTON, Feb. 27, 2006 (PRIMEZONE) — The Port of Houston Authority (PHA) Commission approved several recommendations involving contract awards, bids and proposals, project change orders and contract amendments during its Feb. 27 public meeting. Chairman Jim Edmonds presided over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
Luis Martinez de la Fuente to Represent HCC in Latin America
HOUSTON, Feb. 27, 2006 (PRIMEZONE) — HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Luis R. Martinez de la Fuente has been retained as a consultant to assist the Company's planned international expansion in Latin America.
Future Fuels, Inc. and Eco-Energy, Inc. Revise Contract for Ethanol Sale
WASHINGTON, Feb. 27, 2006 (PRIMEZONE) — Future Fuels, Inc. (FFI), a subsidiary of Nuclear Solutions, Inc. (OTCBB:NSOL), announced today an expansion of its contract with Eco-Energy, Inc. of Tennessee. FFI and Eco-Energy, Inc. entered into a 10-year agreement during which Eco-Energy, Inc. will purchase approximately 50 million gallons of ethanol annually from FFI's proposed waste-to-ethanol production facility to be constructed in Toms River, New Jersey. Eco-Energy secures the ethanol FOB (free on board) from the proposed facility, thus eliminating any logistical or transportation costs for FFI. It was previously reported on December 15, 2005 that the contract between FFI and Eco-Energy, Inc. would span only five years and would be renewable for up to ten years. This contract revision now specifies a full 10-year commitment, with the other terms of the agreement remaining the same.
Husqvarna Teams Up with Joe Gibbs Racing
CHARLOTTE, N.C., Feb. 27, 2006 (PRIMEZONE) — Husqvarna, a global manufacturer of forest, lawn and garden power equipment for all applications, has reached a sponsorship agreement with Joe Gibbs Racing for the 2006 NASCAR(R) season.
