latest news releases from the newsroom
TeliaSonera in Exclusive Negotiations to Acquire Chess/Sense
STOCKHOLM, Sweden, July 6, 2005 (PRIMEZONE) -- TeliaSonera, the leading telecommunications group in the Nordic-Baltic region, has today signed a Term Sheet Agreement with shareholders representing more than 90 percent of the shares in Vollvik Gruppen AS giving TeliaSonera exclusivity until the beginning of August to conclude an acquisition of their shares in Vollvik Gruppen. Vollvik Gruppen owns 100 percent of Chess/Sense which is the third largest mobile operator in Norway with 310,000 subscribers as of June 2005.
OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. Adds Law Firm, Files Amended Petition in Multi-Million Dollar Lawsuit Against Former Management and Gives Operational Update
HOUSTON, July 6, 2005 (PRIMEZONE) -- OMDA Oil and Gas, Inc. (OMOG), an oil and gas production company (Pink Sheets:OMOG), through its Chairman, Adam Barnett, announced that on advice of Corporate Counsel Martin Nathan, the Law Firm of Zimmerman, Axelrad, Meyer, Stern & Wise has been engaged as lead counsel in the suit originally filed by the Company on March 29th 2005, against former Management and other affiliated parties. The Company is seeking return of assets plus actual damages in the amount of at least $36.5 million and Exemplary damages and Declaratory Judgment. Primary assets the Company is seeking return of include, but are not limited to: OMDA Oil & Gas Management, Inc., OMDA Oil & Gas Services, Inc. and SHWJ Oil and Gas. Current OMDA Management is seeking any and all converted or misappropriated assets along with appropriate damages to be returned to the rightful hands of OMOG shareholders.
ADVA Optical Networking
ADVA Optical Networking Announces McDATA OPENready Certification to Support 10Gbit/s Connectivity Up to 190KM
MUNICH, Germany, July 06, 2005 (PRIMEZONE) -- Interoperability between ADVA's Fiber Service Platform systems and McDATA's Intrepid 10000 Backbone Director results in industry's first 10G Fibre Channel extension between data centers over optical metro area networks (MANs)Mahwah/New Jersey, USA; Martinsried/Munich, Germany; July 6, 2005. ADVA Optical Networking today announced that it has passed OPENready qualification testing with McDATA Corporation, a leading provider of storage networking solutions. ADVA's Fiber Service Platform (FSP) has been tested and is now qualified as interoperable with McDATA's Intrepid(R) 10000 Backbone Director (i10K) for support of 10Gbit/s inter-switch links (ISLs) over distances of up to 190 kilometers at full bandwidth. By reducing the number of ISLs required between data centers for a given level of bandwidth, enterprises greatly reduce total cost and networking complexity when deploying the ADVA and McDATA products as a complete solution.
Prima Poker Ltd
The Prima Poker Network Shows Extraordinary Growth
LAS VEGAS, July 6, 2005 (PRIMEZONE) -- The Prima Network, the world's largest online poker network, announced today the addition of three new card rooms, as it continues to dominate the business of online poker. The newly added card rooms include BoylesportsPoker.com (www.boylesportspoker.com), Ireland's largest independent betting and gaming company; 24poker.com (www.24poker.com); and Purple-Lounge.com (www.purple-lounge.com). These card rooms represent an explosion of interest in poker from the online sports betting, entertainment, and technology sectors, which seek to take part in the $10 billion online poker industry.
VSUS Technologies, Inc.
VSUS Technologies, Incorporated Introduces Three New Proptc Products to Meet the Demand of Publicly Traded Companies
BOCA RATON, Fla., July 6, 2005 (PRIMEZONE) -- VSUS Technologies, Incorporated (OTCBB:VSUS) announced today that the company has added three new ProPTC products to meet the diverse demands of publicly traded companies. ProPTC Lite, ProPTC Express, and ProPTC Enterprise join ProPTC Platinum to round out the company's product line-up. All four products provide publicly traded companies with everything they need to meet compliancy requirements for such acts and regulations as Sarbanes-Oxley (SOX) and HIPPA. Forrester estimates that more than half of enterprises will adopt a technology-based approach to SOX by 2006. This emerging market, estimated by Gartner, Inc. to reach more than $6 billion by 2006, will grow rapidly in 2005.
Prima Poker Ltd
Monte Carlo Millions Poker Tournament Guarantees $3 Million Prize Pool, The Largest In European History
LAS VEGAS, July 6, 2005 (PRIMEZONE) -- The Prima Network, the world's largest online poker network, has guaranteed the largest prize pool in European poker tournament history. Monte Carlo Millions, the world's most exclusive poker tournament, will offer a $3 million prize pool with $1 million designated for the champion. Last year's Monte Carlo Millions is currently broadcasting on Poker Zone TV -- Sky Channel 226 in Europe and Kanal5 in Sweden and Denmark. Additional broadcast partners in the U.S., Canada and Australia will be announced shortly.
Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems, Inc. Receives Order for 5,000 Cyber Trackers Totaling $2.5 Million
ASHEVILLE, N.C., July 6, 2005 (PRIMEZONE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets:HISC) announced today that it has received its second major order for the patent-pending Cyber Tracker. The blanket purchase order was issued by Pro.Sec, a Middle Eastern security company, for 5000 Cyber Trackers at a base price of $499.99 per unit. The order translates to $2.5 million for the hardware, which does not include subsequent fees for the software and service. Homeland Integrated Security Systems will begin shipments to Pro.Sec in the fourth quarter of 2005.