latest news releases from the newsroom
View Systems, Inc.
View Systems Announces Substantial ViewScan Order From the UAE
BALTIMORE, Nov. 19, 2009 (GLOBE NEWSWIRE) -- View Systems, Inc. (OTCBB:VSYM), a security and teledata solutions provider, announced today that an initial order for 40 ViewScan units has been received from Belcom, a Belhasa company, based in the United Arab Emirates.
SoundBite Communications, Inc.
SoundBite Provides Financial Institutions With Opt-In Solution to Continue Debit Card Overdraft Services
BEDFORD, Mass., Nov. 19, 2009 (GLOBE NEWSWIRE) -- SoundBite Communications, Inc. (Nasdaq:SDBT) today introduced SoundBite's Debit Card Overdraft Opt-In solution, part of its Proactive Marketing Solutions Suite. This solution enables financial institutions to achieve rapid compliance with a new rule announced on November 12, 2009 by the Federal Reserve Board prohibiting financial institutions from charging any consumer a fee for debit card overdraft services unless the consumer has consented, or opted in, to the overdraft services. With overdraft services, an institution charges a fee for processing transactions when a customer's account is overdrawn rather than denying the transaction. The new rule becomes effective on July 1, 2010, giving banks less than eight months to secure consumer opt-in for more than 479 million debit cards.
TTI Team Telecom International Ltd.
TTI Telecom Reports Third Quarter 2009 Financial Results
ROSH HA'AYIN, Israel, Nov. 19, 2009 (GLOBE NEWSWIRE) -- TTI Team Telecom International Ltd. (Nasdaq:TTIL), ('the Company'), a global supplier of Operations Support Systems (OSS) to communications service providers, today announced results for the third quarter ended September 30, 2009.
Primoris Services Corporation
Primoris Services Corporation to Acquire James Construction Group, L.L.C.
LAKE FOREST, Calif., Nov. 19, 2009 (GLOBE NEWSWIRE) -- Primoris Services Corporation (Nasdaq:PRIM) (Nasdaq:PRIMU) (Nasdaq:PRIMW) ("Primoris" or the "Company") today announced that it has signed a definitive agreement to acquire James Construction Group, L.L.C. ("James Construction Group"), one of the largest privately-held construction companies in the southeastern United States, in a transaction valued at approximately $135 million. Total consideration will be comprised of $7 million in cash, a five-year $53.5 million promissory note with escalating interest of 5% to 8% and shares of Primoris preferred stock valued at $64.5 million. The preferred stock will be automatically converted into shares of Primoris common stock after approval of Primoris shareholders. The definitive agreement also contains an incentive provision that could provide an additional $10 million of Primoris common stock based on James Construction Group attaining specified financial goals for the year ending December 31, 2010.
Zippi Networks, Inc.
Zippi Announces Marketing Relationship With Recognized Top Entrepreneur in the Country
SAN JOSE, Calif., Nov. 19, 2009 (GLOBE NEWSWIRE) -- Zippi Networks, Inc. (Pink Sheets:ZIPZ), a leading provider of mobile, web, and telecommunications-based commerce applications enabling users to recycle their "Clutter into Cash," today announces its new relationship with well-known marketing authority Mr. Kelly O'Shea, Zippi's Presidential Founder, and Zipster Mr. Steven Prust is credited with having secured such a powerful partner.