latest news releases from the newsroom
Panasonic Wins 2006 PC World Innovations Award For Their Oxyride Extreme Power Battery
SECAUCUS, N.J., Jan. 17, 2006 (PRIMEZONE) -- Panasonic's Oxyride(tm) Extreme Power(tm) battery - a new, first-of-its-kind technology designed for the digital era, was honored by PC World, the most widely-read computer or business magazine, with a 2006 PC World Innovations Award. The PC World Innovations Awards recognize both benchmark and breakthrough products that set the standard for innovation with unique qualities that distinguish them from the pack. PC World's editors compared hundreds of products before narrowing the field to include Panasonic's Oxyride Extreme Power battery among the 25 winners.
FTS Wireless, Inc.
FTS Wireless Closes Acquisition
TAMPA, Fla., Jan. 17, 2006 (PRIMEZONE) -- FTS Group, Inc. (OTCBB:FLIP), a publicly traded acquisition and development company operating in the wireless space through its wholly owned subsidiary, today announced that FTS Wireless has acquired three additional Metro PCS authorized retail wireless locations from Largo, Florida based Beyond Wireless in an all cash asset purchase.
Patriot Motorcycle Corporation
Patriot Motorcycle Corporation Receives Environmental Protection Agency Certification
SAN CLEMENTE, Calif., Jan. 17, 2006 (PRIMEZONE) -- Patriot Motorcycle Corporation (Pink Sheets:PMCY), exclusive worldwide distributor of the Patriot OffRoad(TM) line of Dirt Bike motorcycles and All-Terrain Vehicles (ATVs) and the Steed(R) by Patriot(TM) domestic line of V-Twin custom street bikes, today announced it has received Environmental Protection Agency (EPA) certification for its Steed(R) by Patriot(TM) and Patriot(TM) V-Twin lines of custom and production V-Twin street bikes fitted with 111, 117 and 124 cubic inch displacement engines.
Pacific Energy Resources Ltd.
Pacific Energy Resources Ltd. Private Placement Financing
LONG BEACH, Calif., Jan. 17, 2006 (PRIMEZONE) -- Pacific Energy Resources Ltd. (the "Company") (TSX-V:PFE) is pleased to announce it has closed a financing in the amount of US $13,000,000. This financing consists of the following components: a US$8,000,000 senior secured note (non-convertible) and a three year US$5,000,000 secured convertible note, convertible into common shares of the company at a conversion rate of CAD $0.86 per share. Additionally, Pacific Energy granted 3,714,286 bonus warrants with each warrant exercisable into a share at a price of CAD$0.99 per share for the first 1,857,143 shares and CAD$1.19 per share for the remaining 1,857,143 shares. The term of the warrant is five years. This financing is subject to regulatory approval. The Company has also paid a finder's fee of US$300,000 cash and has issued 790,363 finder's fee warrants in connection with this financing. Each finder's fee warrant is exercisable into a share at a price of US$0.88 (approx. CAD$1.03 at current exchange rates) per share for a period of three years.
Industrial Nanotech, Inc.
Industrial Nanotech Teams with European Distributor to Reach the U.K. Consumer
NAPLES, Fla., Jan. 17, 2006 (PRIMEZONE) -- Industrial Nanotech Inc. (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, is pleased to announce that the Company has received a 300 gallon order for its Nansulate coatings, including Nansulate HomeProtect, the Company's newest product that provides energy savings and mold protection for residential and commercial buildings. The products were purchased by a U.K. affiliate of Kologen, Ltd., Industrial Nanotech's distributor based in Istanbul, Turkey.
Sun New Media Inc.
Sun New Media Appoints New Director
DIAMOND BAR, Calif., Jan. 17, 2006 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced the appointment of Mr. Yu Bing to serve on its Board of Directors. Mr. Yu is currently an Executive Vice President at Lenovo Computers and was recently named President of the Lenovo/Asia Info group.
Budget Waste Inc.
Budget Waste Inc. signs letter of intent with AllWaste Systems Ltd.
CALGARY, Alberta, Jan. 17, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), Calgary area's largest roll-off waste hauling company, signed a letter of intent with AllWaste Systems Ltd. (ALLWASTE), a Calgary based waste hauling and recycling company. With a fleet of 1300 bins and 15 trucks, ALLWASTE has been providing their Calgary and area clients with waste hauling and recycling services, as well as working closely with municipal and provincial governments on waste management and recycling initiatives. The potential merger will provide BWI with an expanded waste hauling presence and a diversified revenue stream complimentary to their current operations.