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Sonoco Names Pamela Lewis to Board, Reports Quarterly Increase

HARTSVILLE, S.C. (July 21) — The president of Queens University in Charlotte, N.C., Pamela S. Lewis, is the newest member of the Sonoco Products Co. board of directors. “Sonoco is particularly pleased that Dr. Lewis has agreed to join our board of directors,” said Charles W. Coker, the companys board chairman. “She brings outstanding business acumen to our board, having served as dean of the McColl School of Business at Queens University of Charlotte prior to being named president in 2002.” Lewis also was dean of the LeBow College of Business at Drexel University. In other company news, Sonoco reported second-quarter net income of $35 million, or 35 cents per share, on revenue of $764 million. Those figures compare with net income of $22.8 million, or 24 cents per share, on revenue of $684 million for the second quarter of 2003.

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Environmental Power Corp.'s Microgy Subsidiary Commences Third Project

Thursday July 22, 8:30 am ET PORTSMOUTH, N.H.–(BUSINESS WIRE)–July 22, 2004–Microgy Cogeneration Systems, Inc., a wholly owned subsidiary of Environmental Power Corporation (OTCBB: POWR – News), announced today that it had commenced construction on its third anaerobic digester system at Norswiss Dairy of Rice Lake, Wisconsin. The Norswiss project is the third facility in as many months to enter construction under Microgy’s relationship with Dairyland Power Cooperative. Like the two projects which commenced construction in May of this year, the Norswiss project will use manure from the farms 1,200 (approximate) dairy cows to create and supply biogas to a 775 KW generator, which can generate enough electricity to supply approximately 700 homes. Microgy’s anaerobic digester systems provide farmers with a superior waste management solution that pays for itself over time by transforming organic waste into biogas that can be used to generate electricity or thermal energy, as well as useful by-products. Danish Biogas Technologies A/S has granted Microgy the exclusive North American rights to develop projects based on this technology. Donald A. Livingston, President of Microgy, stated, “This latest installation will further demonstrate the ability of Microgy’s anaerobic digester systems to generate many times greater output than competing anaerobic digester […]

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Megola Announces Distributor Agreement to Sell ScaleGuard through AquaPure Systems, Inc.

Thursday July 22, 8:00 am ET CORUNNA, Ontario, July 22, 2004 (PRIMEZONE) — Megola, Inc. (OTC BB:MGOA.OB – News), a leading solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, is pleased to announce today that it has signed a Distributor Agreement with AquaPure Systems, Inc., a leading distributor of water treatment products to the residential marketplace in the Greater Toronto Area (GTA). Under the terms of the agreement, AquaPure will begin to sell Megola’s ScaleGuard systems in its retail outlets, through its outside sales force and through its online retail operations. “We have already begun to build a very strong distributor channel for Megola’s ScaleGuard systems and AquaPure is the latest addition to this program. This alliance will provide us with immediate access to Canada’s largest residential market, the Greater Toronto Area. For years AquaPure has essentially been a competitor of Megola. The fact that they are now distributing ScaleGuard units and with the increasing widespread banning of salt water softeners is another indication that the industry has come to realize that Megola offers one of, if not the leading solutions to hard water problems at a zero tolerance level of harm to the environment. […]

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Waste Industries USA Posts Increases in Revenue

RALEIGH, N.C. (July 21) — Waste Industries USA Inc. reported approximately 13 percent growth in both revenue and net income for the second quarter of 2003. The company posted net income of $3.1 million, or 22 cents per diluted share, on revenue of $74.4 million for the quarter ended June 30. Those figures compare with net income of $2.7 million, or 20 cents per diluted share, on revenue of $65.8 million for the second quarter of 2003. “We are pleased with our strong revenue growth for the quarter and our performance highlights initiatives taken over the past year to streamline our operations while pursuing a very selective growth strategy,” said Jim W. Perry, president and CEO.

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Treasury Delays Fuel Tax Hike

URL: http://www.planetark.org/dailynewsstory.cfm/newsid/26160/story.htm Website: http://www.planetark.org/dailynewsstory.cfm/newsid/26160/story.htm     

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