latest news releases from the newsroom
Cytomedix Announces Its Outside Patent Counsel Agrees to Take Equity Stake in the Company
ROCKVILLE, Md., Aug. 23, 2007 (PRIME NEWSWIRE) -- Cytomedix, Inc. (AMEX:GTF) today announced that it has executed a term sheet agreement with Fitch, Even, Tabin, & Flannery, LLC (Fitch Even) and The Coleman Law Firm (Coleman Law), the Company's patent counsel. The agreement sets forth the binding terms to be incorporated in definitive agreements, but generally provides for the issuance of equity in exchange for the waiver of future contingent legal fees relating to existing license agreements and a revised retainer agreement for future work.
Horizon Offshore Inc.
Horizon Offshore Announces Receipt of Letter of Award of Major Pipeline Installation Contract Offshore India
HOUSTON, Aug. 23, 2007 (PRIME NEWSWIRE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) announced today that its subsidiary, Horizon Marine Construction (Mauritius), Ltd., has received a letter of award from Hindustan Oil Exploration Company Limited for the supply, transportation and installation of an offshore wellhead, platform, topside and subsea pipeline. The project calls for the transportation and installation of a four pile jacket and deck, and installation of 57 kilometers (approximately 34 miles) of 14" outside diameter gas transportation pipeline. The pipeline will begin at a landfall point 200 kilometers south of Chennai along the East Coast of India and end at the PY-1 field located in the northern offshore portion of the Cauvery Basin. Horizon will use its combination derrick and pipelay barge the Sea Horizon to perform the work. Project planning and preparation, including procurement of long lead items, will begin in the fourth quarter of 2007, with offshore construction expected to begin in January 2009.
U.S. Mine Makers, Inc.
Nitro Lube, Inc. Announces 'Golden Hawk' Update
LANGLEY, British Columbia, Aug. 23, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB) today announced that Nitro Lube Canada's sponsored Canadian Golden Hawk project is on schedule for October 3, 2007. More information can be found at http://goldenhawkproject.blogspot.com/. As announced before, Nitro Lube, Inc. is providing engine lubricants for the Golden Hawk attempting to break the "diesel land speed record." The GOLDENHAWK Cummins (CMI) diesel powered Land Speed Streamliner will bear the Nitro Lube logo for the world to see.
Castle Technologies, Inc.
ImagiTrend Appoints First Member to New Advisory Board
WASHINGTON, Aug. 23, 2007 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) is pleased to announce that the Company has appointed Mr. Rajendra Prasad as the first member of its new Advisory Board. Mr. Prasad brings a decade of financial experience in investments and debt consolidation. He currently serves as the Chief Executive Officer of Diversified Portfolio Management, Inc., a management company that provides consultation and financial services through its affiliation with various partners.