Corpus Christi Selects Northrop Grumman for Automated Meter Reading System Contract
HERNDON, Va., Sept. 27, 2004 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has been selected by the city of Corpus Christi, Texas to provide an automated meter reading (AMR) system for the city's water and gas meters for a more effective and accurate process for gathering utility data.
COLORADO SPRINGS, Colo., Sept. 27, 2004 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has appointed Timothy J. McMahon as vice president of Air Force and Command & Control Strategic Programs and the corporate lead executive for the company's business in the Colorado Springs region.
Converium committed to raising capital
ZUG, Switzerland, Sept. 27, 2004 (PRIMEZONE) -- After considering various options and following today's announcement from Standard & Poor's indicating its intention to upgrade Converium to a BBB+ financial strength rating, subject to the successful completion of a US$ 420 million capital increase, Converium's Board of Directors reaffirms its proposal to the Extraordinary General Meeting (EGM) to approve an increase in ordinary capital on a with-rights basis in the CHF equivalent of US$ 420 million. The Board believes that such a share issue will maximize shareholder value. The commitment to raising additional capital is based on Converium's strong non-US franchise, the continuing support from cedents and brokers and the Company's well-established direct distribution platform. In order to draw a line under its US legacy issues Converium is also examining the possibility of a sale of its US-based subsidiary.
LONDON, Sept. 27, 2004 (PRIMEZONE) -- Quantech Electronics Corp (Pink Sheets:QANT), through its recently acquired wholly owned subsidiary DimiTel Ltd, announced today the completion of its Voice over IP International Telephony platform for corporate and home customers. Based on its experience with pre-paid platforms and VoIP termination services DimiTel completed the development of a comprehensive end-to-end solution based on SIP technology, that will serve businesses and individuals worldwide.
TEMECULA, Calif., Sept. 27, 2004 (PRIMEZONE) -- S3I Holdings, Inc. (OTCBB:SEIH) today announced that at the Company re-filed its recent 14C Information Statement on September 24, 2004 notifying shareholders of a special meeting to be held on October 12, 2004 at which a number of proposals to amend the Company's Articles of Incorporation will be considered. Included in the proposals to be considered is a change in the name of the Company and the authorization of additional capital stock.
Wall Street Capital Funding LLC
Wall Street News Alert: U.S. Hot Stock Highlights -- September 27
WESTON, Fla., Sept. 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Transportation Logistics Int'l, Inc. (OTCBB:TRPL), Cogent Inc. (Nasdaq:COGT), Conolog Corporation (Nasdaq:CNLG) and Endocardial Solutions (Nasdaq:ECSI).
LOS ANGELES, Sept. 27, 2004 (PRIMEZONE) -- IPOdesktop.com presents "Update from U.S. Microbics CEO Bob Brehm" a web radio show with Robert C. Brehm, CEO of U.S. Microbics Inc. (OTCBB:BUGS). Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM) is a subsidiary.
EMS Technologies' Steve Chambers Appointed to Georgia Oglethorpe Board of Directors
ATLANTA , Sept. 27, 2004 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) announced today that Steve Chambers, director, Corporate Administration & Technical Services, has been appointed to the Board of Directors of Georgia Oglethorpe, a non-profit public-private partnership that provides organizational performance improvement assessment and recognition to Georgia's business, industry, government, education, healthcare, and non-profit organizations.
Emulex and Brocade Expand Strategic Partnership to Further Simplify SAN Deployment
COSTA MESA and SAN JOSE, Calif., Sept. 27, 2004 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the market leader in Fibre Channel host bus adapters (HBAs) and embedded storage switches, and Brocade Communications Systems, Inc. (Nasdaq:BRCD), the world's leading provider of infrastructure solutions for Storage Area Networks (SANs), today announced an agreement to expand a multi-year strategic partnership to further simplify the deployment of SANs in enterprise, midrange and the small- to medium-sized business (SMB) market segments.
TORONTO, Sept. 27, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Pink Sheets:OFCC) issued its audited consolidated annual financial statements along with Management Discussion and Analysis (MD&A) for the year ended October 31, 2003; submitted it for filing on SEDAR, the System for Electronic Document Analysis and Retrieval for public securities filings at www.sedar.com, and posted it on Ofek's website at www.Ofekcapital.com.
