latest news releases from the newsroom
Paramco Financial Group, Inc.
Paramco Announces New Series Of Preferred Convertible Shares For The Benefit Of Its Series `A' And Series `B' Note Holders
DENVER, March 2, 2004 (PRIMEZONE) -- Paramco Financial Group, Inc. (OTCBB:PFDE), a financial services firm, announced today that it has initiated the first phase of an affiliation with a company to be used for the purpose of managing and retiring Paramco's existing debt to its Series "A" and Series "B" Note Holders. The affiliate partner, Provident Asset Management, LLC, was registered in the State of Nevada on February 27, 2004. Provident, in its role, anticipates taking over and managing all of the existing debt instruments issued by Paramco (approximately $1.5mm in notes). Paramco in return will provide Provident with an equivalent value of said notes in the form of a preferred convertible issue of Paramco shares, to be held for the benefit of the debt holders. Provident will operate from separate facilities in San Antonio, Texas.
Seeking Lower-Cost Marketing Avenues, Utilities Turn to Retail Partnerships and Community Relations, New Chartwell Report Says
ATLANTA, March 2, 2004 (PRIMEZONE) -- Utility marketing budgets decreased slightly between 2002 and 2003, and even more significantly since 1999, when they were at their highest levels in many years. About 20% of utilities Chartwell surveyed regarding their non-commodity products and services said their marketing budgets had decreased over the previous year. Most of these utilities added to their products/services mix, forcing them to alter marketing priorities or find less expensive strategies for promoting products, says Chartwell's latest report, Marketing Utility Products and Services: Advertising, Promotions and Community Relations.
Popularity in ATV's Powered by Working and Playing Harder
MILFORD, Iowa, March 2, 2004 (PRIMEZONE) -- Cycle Country Accessories Corp. (AMEX:ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, will be operating at full capacity production through the end of July building snowplow blades, push tubes, and lift kits right alongside mowers, spreaders, sprayers, 3pt implements and other summer products. Powersports Business estimated a $2.7 billion increase in the powersports industry in 2003 over the same 12-month period in 2002.