latest news releases from the newsroom
Global Electric (WHSL) Secures $10 Million Equity Line
LAS VEGAS and BOSTON, Jan. 20, 2004 (PRIMEZONE) -- Whistler Investments Inc. (OTCBB:WHSL) -- (name change pending to Global Electric Corp); an emerging leader in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide announced today that it has signed a deal for a $10 million equity line with Boston-based Dutchess Private Equities Fund, LP. The funds will be used to support ongoing operations, as well as R&D and business development activities, such as the development of the "R" car, which is highly anticipated by the automobile industry, as well as the newly announced Powerski International (www.powerski.com) Jetboard lithium-ion conversion.
ViroPharma Announces Restructuring of Operations
EXTON, Pa., Jan. 20, 2004 (PRIMEZONE) -- ViroPharma Incorporated (Nasdaq:VPHM) today announced that it has restructured its organization to focus its resources on the advancement and commercialization of later stage products, with the ultimate objective of accelerating the company's path toward becoming a profitable pharmaceutical company.
Cycle Country Reviews Fiscal Year 2003 and Looks Ahead to 2004
MILFORD, Iowa, Jan. 20, 2004 (PRIMEZONE) -- Cycle Country Accessories Corp. (AMEX:ATC), the recognized leader in developing and manufacturing custom-fitted accessories for the all-terrain vehicle (ATV), reviewed their 2003 fiscal year and managements expectations for 2004 in their conference call on January 15th. Investment professionals and the general public heard Mr. Ron Hickman, CEO and President, review current operations and the initiatives and goals for fiscal 2004. The conference call reiterated Cycle Country management's determination to continue grow in their target markets while improving their margins.
International Monetary Rated 'Speculative/3', With $0.40 Target, Says Investrend Analyst Chui, CFA
NEW YORK, Jan. 20, 2004 (PRIMEZONE) -- (Investrend Research Syndicate) International Monetary Systems, Inc. (OTCBB:INLM) has been rated "Speculative/3," with a target valuation of $0.40, according to Investrend Research analyst Benjamin P. Chui, CFA, in an Institutional research update, an upgrade from the initial Benchmark coverage.
Emulex Delivers New InSpeed Embedded Storage Switches With OEM Customer Design Wins
COSTA MESA, Calif., Jan. 20, 2004 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the market leader in Fibre Channel host bus adapters (HBAs) and leading provider of building blocks for intelligent storage networking technologies, announced today two new InSpeed(tm) Embedded Storage Switch products, to meet growing customer demand and expanded applications for back-end embedded storage switches. The InSpeed Embedded Storage Switch Models 350 and 370 are based on Emulex's InSpeed Switch-on-a-Chip (SOC) 320 embedded storage switching technology, which incorporates unique new capabilities such as Automatic Trunking, Fairness and Prioritization and advanced diagnostic capabilities. To date, leading storage solution providers that have deployed solutions with the new InSpeed Models 350 and 370 products include BlueArc Corp. and Quantum Corp.
CDMA Development Group
CDG Congratulates China Unicom on Expansion of CDMA2000 Network
COSTA MESA, Calif., Jan. 20, 2004 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) congratulates China Unicom on its announced expansion of CDMA2000(R) 1X service to Beijing and 12 other provinces, including Fujian, Gansu, Guangdong, Guangxi, Herbei, Jiangxi, Jilin, Shanxi and Xinjiang. The phase III expansion project China Unicom is slated for completion at the end of March.
Global Explorations, Inc.
Global to Distribute ISP Service CD's
RESTON, Va., Jan. 20, 2004 (PRIMEZONE) -- Global Explorations Inc. (Pink Sheets:GXXL) marketing strategy to penetrate the Indian American market with distribution of BharatIsp.com sign-up CD-Rom. Global's ISP service will provide high level service, combined with desired niche marketing to the Indian American community.