latest news releases from the newsroom
Asia Properties, Inc.
Asia Properties to Apply for OTCQX Premier Listing
BELLINGHAM, Wash., May 18, 2006 (PRIMEZONE) -- Asia Properties, Inc. or "API" (Pink Sheets:ASPZ) announced today that it is applying for a listing on the newly announced Pinksheets OTCQX. According to Pink Sheets, "OTCQX listed securities will effectively represent the best issuers among the thousands of companies listed the OTC." Daniel S. McKinney, President and Chief Executive Officer, API, said, "We are thrilled at the opportunity of an OTCQX listing. The OTCQX's Designated Advisor for Disclosure ('DAD') is modeled after the London Stock Exchange AIM's Nominated Advisor ('NOMAD') and is anticipated to generate competition with the American Stock Exchange ('AMEX') and Nasdaq Bulletin Board. We believe such a listing will distinguish API as a higher quality OTC issuer, produce considerably more exposure for API among potential investors, more liquidity, and will give current investors real time stock quotations and other timely information."
WW Energy Inc.
WW Energy's Oil and Gas Subsidiary Opens New Office in New Mexico
FARMINGTON, New Mexico, May 18, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) is pleased to announce that it's oil and gas subsidiary, WW Oil and Gas Inc., has opened a new office in Farmington, New Mexico. This office was opened prior to the opening of the company's second new office in Fort Duchesne, Utah.
Mace Security International, Inc.
Mace Security International, Inc. Reports Receipt of Non-Compliance Notice From Nasdaq
MOUNT LAUREL, N.J., May 18, 2006 (PRIMEZONE) -- Mace Security International, Inc. ("Company") (Nasdaq:MACE) today announced that on May 17, 2006, the Company received a Nasdaq Staff Determination that the Company was not in compliance with Marketplace Rule 4310(c)(14) for failing to timely file the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2006 ("Form 10-Q"). The May 17, 2006 Staff Determination is in addition to the Nasdaq Staff Determination received by the Company on April 19, 2006, regarding the Company being in violation of Marketplace Rule 4310(c)(14) for not timely filing its Annual Report on Form 10-K for the year ended December 31, 2005 ("Form 10-K").
Wolverine Tube Inc.
Wolverine Tube Announces Resignation of Its Chairman
HUNTSVILLE, Ala., May 18, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced that Dennis J. Horowitz submitted his resignation as Director and Non-Executive Chairman of the Board of Directors on May 16, 2006, effective June 23, 2006. Mr. Horowitz has resigned to pursue other business opportunities. Mr. Horowitz previously served as Chief Executive Officer of Wolverine until his retirement in December 2005. Since his retirement, Mr. Horowitz has served as a consultant to Wolverine's management and will continue in his consultant role.
New Hydro Board Members
OSLO, Norway, May 18, 2006 (PRIMEZONE) -- Hydro's Corporate Assembly has elected Lena Olving (49), chartered engineer and member of the corporate management of Volvo Personvagnar, and Grete Faremo (50), lawyer and director of legal affairs and public relations in Microsoft, region Western Europe, as new members of Hydro's Board of Directors.
Efficiency Technologies, Inc.
Efficiency Technologies, Inc. Reaping Benefits from New Marketing Strategy
TULSA, Okla., May 18, 2006 (PRIMEZONE) -- Efficiency Technologies, Inc., (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. (Pink Sheets:ARMM), announced today that the new marketing strategy implemented during the first quarter of 2006, combined with an expansion of product capabilities, have produced exceptional results in reaching high-profile nationwide prospects. EffTec has seen a rapidly growing receptiveness from prospective customers who are looking for a product with the unique capabilities and features in managing centrifugal chillers offered by EffTrack(tm).
Future Quest Nevada, Inc.
Future Quest Enters Into Letter of Intent
LAS VEGAS, May 18, 2006 (PRIMEZONE) -- Future Quest Nevada Inc. (Pink Sheets:FQNI) has announced today that it has entered into an agreement to acquire a 10% working interest in the "Bayou Choctaw" project with Texhoma Energy Inc. (Pink Sheets:TXHE). Texhoma currently has contracted to acquire a 25% working Interest. Future Quest has agreed to pay its share of the investment cost and participate on ground-floor terms in acquiring a 3-D seismic survey. The Company then has the option to participate in the first two wells and carry the promoting parties through the drilling of those wells to "casing point" on the basis of paying for 13.33% of the cost to earn its 10% working interest.