KSW Industries Inc. (fka KSWJ)

[mankoala]

KSWJ SessionsIR.com: Genesis Energy Raises Quarterly Dividend: KSWJ,..

2005/10/25 08:05:54

ATW, ASH, GEL
Oct 25, 2005 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: KSW Industries Incorporated (OTC: KSWJ), Atwood Oceanics Incorporated (NYSE: ATW), Ashland Incorporated (NYSE: ASH), Genesis Energy LP (AMEX: GEL)
For Corporate or Company information in regards to SessionsIR, please visit: www.sessionsir.com or contact us at: [e-mail].
KSW Industries Incorporated (OTC: KSWJ) offers a unique, state-of-the-art process method for non-conventional oil resources called EM-100. KSW Industries' method uses electromagnetic fluctuations for controlling physical-chemical processes. EM-100 utilizes these electromagnetic fluctuations to change and alter the pentanes within heavy oil. Preliminary testing of EM-100 on hydrocarbon raw material of the lowest quality has yielded an output of high-quality converted products, with minimal withdrawals. KSW industries EM-100 does not require the use of any harmful chemicals, release any harmful gases and does not discharge any negative effluent into the environment.
Oil and gas drilling contractor Atwood Oceanics Inc. (NYSE: ATW) said on Monday it sold a spare blowout preventer stack to a Norwegian company for $15 million. The sale will result in a gain of $6 million, or 38 cents per share. The 15,000 PSI blowout preventer stack, which was completed in 2003 for a possible future contract, was never used and the company has no current contractual requirements for the stack. Shares of Atwood Oceanics rose $1.19, to $70.27 in midday trading on the New York Stock Exchange.
Ashland Inc. (NYSE: ASH) posted net income of $93 million, or $1.24 per share, in its preliminary results for the fiscal quarter ended Sept. 30, the company reported Monday. The company's fiscal fourth quarter results compared with $200 million in the same period in 2004. Earnings per share amounted to $1.24 in the 2005 quarter versus $2.76 per share in the September 2004 quarter. The prior-year quarter included operating income of $146 million from Ashland's 38-percent interest in Marathon Ashland Petroleum LLC.
Oil Company Genesis Energy LP (AMEX: GEL) on Monday said it raised its quarterly dividend to 16 cents per common unit, up from the 15 cent per share distribution paid in August. The amount, which will be paid on Nov. 14 to holders of record on Nov. 4, represents an increase of about 6.7 percent. Shares of Genesis Energy gained 5 cents to $10.20 in morning trading on the American Stock Exchange.
Mondays Close: Rallying from its launch, the stock market closed at its best levels of the quarter with the Dow, S&P, and NASDAQ posting respective 1.7%, 1.7%, and 1.6% gains. Bargains left in the wake of three weeks' declines had perhaps lured buyers back to the table, and another round of reassuring Q3 earnings reports, alongside extended pullbacks in energy prices, fed the bullish tone throughout the day. The session's biggest news item and driver was President Bush's nomination of Ben Bernanke to replace Alan Greenspan. The announcement dispelled uncertainty over the Fed Chairman's successor a couple of months earlier than investors had anticipated, and Bernanke's stated intention of maintaining continuity during the transition, as well as a confirmation that Greenspan will remain Fed Head until the official end of his 18 year term in January, seemed to relieve stock investors.
ABOUT SESSIONSIR:
SessionsIR (http://www.sessionsir.com/) is a full service corporate communications firm that provides an information bridge to the investment community. SessionsIR equipped to handle all aspects of the complex process of bringing the most concise and vital information about a company to audiences specifically targeted on the basis of their interest and qualifications. In short, SessionsIR makes sure that those interested parties get the data they want about the companies in which they are interested without extraneous information, and enhances the ability of companies to transmit their customized message in the most efficient and effective manner possible.
This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or a solicitation to buy or sell securities. SessionsIR has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by SessionsIR to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release.
SessionsIR is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. SessionsIR affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. SessionsIR will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. SessionsIR press releases are used only for informational purposes. Please consult your broker before purchasing or selling any securities mentioned herein.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].


(C)1994-2005 M2 COMMUNICATIONS LTD


**********************************************************************
As of Friday, 10-21-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 07-01-2005 for ASH @ $60.29.
As of Friday, 10-21-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 10-05-2005 for ATW @ $78.94.
As of Friday, 10-21-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 10-17-2005 for GEL @ $9.83.
(C) 2005 Comtex News Network, Inc. All rights reserved.