latest news releases from the newsroom
Castle Technologies, Inc.
ImagiTrend, Inc. Looks to Expand Revenue Base by Entering Into Multi-Billion Dollar Online Gaming Industry
LONGWOOD, Fla., March 12, 2008 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) announced today that the Company is actively seeking acquisition candidates in the field of online gaming for the purpose of expanding its revenue base and enhancing growth opportunities to increase shareholder value. It is estimated that the growth for the online gaming industry will hit $48 billion by 2010 and top $125 billion by 2015. A suitable candidate would be one with viable growth potential and a strong management team in place.
Chart Industries, Inc.
Chart Enters Into Joint Venture in the Middle East to Manufacture Equipment for the Oil and Gas Industry
CLEVELAND, March 12, 2008 (PRIME NEWSWIRE) -- Chart Industries, Inc. (Nasdaq:GTLS), a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, announced today that Chart Cooler Service Company, which is part of its Chart Energy & Chemicals ("Chart E&C") group, has entered into a joint venture to manufacture air cooled heat exchangers in the Middle East in response to the high demand for oil and gas equipment in this part of the world. As a 34% partner, Chart Cooler Service joins forces with one of Saudi Arabia's premier business houses, S&A Abahsain Company ("Abahsain") of Al-Khobar (a 51% partner) and U.S.-based Specialized Industrial Equipment ("SIE") of Houston, Texas (a 15% partner). Abahsain is a top 50 company in Saudi Arabia and will add financial strength and established goodwill to the joint venture. The combination of the three companies' oil and gas, marketing and manufacturing expertise will create the new joint venture, Abahsain Specialized Industrial Co. ("ASIC").