latest news releases from the newsroom
Innovation Holdings, Inc.
Innovation Holdings Announces Exclusive Marketing Agreement with CrossGel and Reverse Stock Split
LOS ANGELES, April 26, 2004 (PRIMEZONE) -- Innovation Holdings, Inc. (OTCBB:IVHOE) announced today it had entered into a preliminary letter of intent with CrossGel, Inc., a privately-held Utah corporation (www.CrossGel.com), through an exclusive strategic marketing agreement whereby IVHO would create all media and marketing for the CrossGel firm and possibly lead to a prospective merger of the two companies. CrossGel is the manufacturer of ergonomic seat cushions utilizing a revolutionary new cushioning technology. The CrossGel technology consists of a thermal ultra-soft polymer gel, which offers a revolutionary cushioning comfort. CrossGel absorbs about 95% of all vibration, allowing a user to sit more comfortably for longer periods of time with little restriction of blood flow. Its molecular structure behaves differently under pressure than foam, springs or fibrous material, allowing pressure to flow away from areas of greatest pressure reducing pain and discomfort.
CAPCO Energy, Inc.
CAPCO to Sell Michigan Producing Oil and Gas Properties
HOUSTON, April 26, 2004 (PRIMEZONE) -- CAPCO Energy, Inc (OTCBB:CGYN) announced today, that it has elected to divest its Michigan non-operated properties. The properties have proven developed producing reserves of $7.8 million with PV 10 value of about $5.3 million and an estimated 2004 net revenue of $1.4 million. The properties have additional behind pipe potential.
ICOA Selected to Provide Wi-Fi throughout Spokane International Airport
WARWICK, R.I., April 26, 2004 (PRIMEZONE) -- ICOA, Inc. (OTCBB:ICOA), today announced that its subsidiary, Airport Network Solutions, has been selected to offer Public Broadband Internet Access at the Spokane International Airport in Spokane, Washington. The network will be used by travelers, airport administration and operations, and airport tenants, such as airlines and rental car companies for a variety of applications. ANS is a neutral-host Wi-Fi provider and deploys systems that are compatible with multiple Internet service subscription plans.
Teleca acquires NewCon A/S in Denmark
MALMO, Sweden, April 26, 2004 (PRIMEZONE) -- Benima, Teleca's business specialising in industrial IT and automation, has signed an agreement to acquire the Danish company NewCon A/S, which has a staff of 18. The acquisition is part of Benima's strategy to increase its market share in the Nordic region.
Overseas Shipholding Group, Inc.
First Quarter Earnings Call Logistics
NEW YORK, April 26, 2004 (PRIMEZONE) -- Overseas Shipholding Group, Inc., (NYSE:OSG) plans to release earnings for the first quarter 2004 before trading begins on Thursday, May 6, 2004. The Company also plans to host a conference call at 11 AM Eastern Time the same day, to discuss results for the quarter. All shareholders and other interested parties are invited to dial into the call, which may be accessed by calling (888) 802-8576 within the United States, and (973) 935-8515 for international calls. A recording of the call will be available for one week at (877) 519-4471, if dialed from within the U.S., and at (973) 341-3080 for international calls; the replay pin number is: 4726895.
Whistler Investments, Inc. (WHIS) Introduces California to the Power of Lithium
LAS VEGAS, April 26, 2004 (PRIMEZONE) -- Whistler Investments Inc. (OTCBB:WHIS) (http://www.whistlerinvestments.com) -- subsidiaries, R-Electric Car Corporation (http://www.r-electriccar.com) Global Electric Corporation (http://www.globalelectric.com) and Solium Power Corporation (http://www.soliumpower.com) at the 15th Annual EarthFair Exhibition in San Diego, CA. successfully introduced the R-Car to a delegation of local and state level officials, national media and key organizers of the countries' premiere Earth Fair Exhibition including Carolyn Chase, Chief Organizer -- "Earth Day Mother".
PlanetLink Communications Inc.
PlanetLink Communications Pursues Commercial Sales Contracts In Advance of Retail
CUMMING, Ga., April 26, 2004 (PRIMEZONE) -- PlanetLink Communications Inc., (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it is focusing initial sales efforts of its PlanetTRAKS GPS tracking products on mid-to-large scale commercial enterprises. The Company remains committed to launching the product on a retail basis for individual users upon the execution of potentially large-scale commercial contracts.
Staffan Soderqvist new CFO at Pergo
STOCKHOLM, Sweden, April 26, 2004 (PRIMEZONE) -- We are very pleased to announce that Staffan Soderqvist will take up the position as Sr VP Finance and CFO at Pergo. The preliminary starting date is June/July.