latest news releases from the newsroom
HCP REIT Maintains $75 Million Line of Credit with KeyBank Syndicate
HOUSTON, Nov. 15, 2006 (PRIMEZONE) -- HCP REIT (Hartman Commercial Properties), which owns and manages 37 commercial properties in Texas, today announced that its syndicate of lenders led by KeyBank, one of the nation's largest bank-based financial services companies, has temporarily waived on an expedited basis covenant defaults under its line of credit. The covenant defaults, which were non-financial in nature, occurred when the independent trustees terminated HCP REIT's management and advisory relationship with Hartman Management LP, and removed Allen Hartman as chairman and CEO. On Oct. 2nd HCP REIT filed suit against Allen Hartman and Hartman Management for breach of fiduciary duty and breach of contract, among other matters, citing conflicts of interests and other unresolved issues.
Gold Canyon Resources Inc.
Gold Canyon Undertakes Private Placement for US$629,250
VANCOUVER, B.C., Nov. 15, 2006 (PRIMEZONE) -- Gold Canyon Resources Inc. (TSX-V:GCU) ("Gold Canyon" or "the Company") is pleased to announce that it is undertaking a non-brokered private placement of common share units (the "Units") at a price per Unit of US$0.25(Cdn$0.28) pursuant to registration and prospectus exemptions from applicable U.S. and Canadian securities laws and has received subscriptions for gross proceeds to the Company of approximately US$629,250. Each Unit is comprised of one common share in the capital of the Company and one non-transferable share purchase warrant of the Company exercisable at any time up to 4:30 p.m. (Vancouver time) on the date which is twenty-four months from the date of issue of the Units for one common share at a price of US$0.35 (Cdn$0.40) per share. Completion is subject to the receipt of subscription proceeds and TSX Venture Exchange acceptance.
John H. Harland Company
Northwest Savings Bank Selects Harland Financial Solutions' Integrated Retail Solutions
ATLANTA, Nov. 15, 2006 (PRIMEZONE) -- As part of an enterprise-wide effort to upgrade its teller automation platform and implement new customer relationship management (CRM) technology, Northwest Savings Bank (NSB) has licensed Harland Financial Solutions' Encore!(r) Solution and the Touche(r) Analyzer(tm) MCIF. With $6.5 billion in assets, Northwest Savings Bank is headquartered in Warren, Pennsylvania and operates 153 branches. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
Blum & Silver
Notice to All Axiom Capital Management, Inc. Customers Who Purchased Vistula, iCurie and Xenomics
CORAL SPRINGS, Fla., Nov. 15, 2006 (PRIMEZONE) -- The Securities Law Firm, Blum & Silver, LLP, (http://www.stockattorneys.com) announced today that it has filed multiple arbitration claims before the National Association of Securities Dealers, Inc. ("NASD"), including Case No. 2006-04610, on behalf of former Axiom customers alleging, amongst other things, an unsuitable trading strategy regarding Vistula (OTCBB:VSTL), iCurie (OTCBB:CSAT) now known as Celsia Technologies, Inc., and Xenomics (OTCBB:XNOM) which currently trade on the OTC Bulletin Board, and other investments which resulted in large losses. The claims seek compensatory and punitive damages for alleged acts of misconduct.
Execute Sports, Inc.
Execute Sports Announces Quarterly Financial Results -- Top Line Sales Up More Than 400 Percent On a Year-Over-Year Basis for the Quarter
SAN DIEGO, Nov. 15, 2006 (PRIMEZONE) -- Execute Sports, Inc. (OTCBB:EXCS) reported today financial results for the quarter ended September 30, 2006. Todd Pitcher, President, commented that "top line sales growth was strong on a year-over-year basis, reflected by sales this year in categories which we did not have for the same period last year, including snowboards and our marketing business. We continue to be encouraged by the feedback from our customers in the water sports business and feel that the additions to the team we have made over the last quarter will bode well for further expansion of both the water sports and our marketing business."