latest news releases from the newsroom
Renewable Energy Resources, Inc.
Internal Hydro Enters European Joint Venture for Production and Financing of Energy Units; Joint Venture to Add Large Asset Base to Company
TAMPA, Fla., June 27, 2006 (PRIMEZONE) -- Internal Hydro International Inc., (OTCBB:IHDR) (www.InternalHydro.com) announces that it has entered into an initial agreement for the production of its Energy Commander and other technologies through a European joint venture. Under the agreement, with Energia Futura S.r.l. of Italy, IHDR would receive necessary capital for production of its low impact hydro units and other technologies, which will be worth over $3,750,000 for the initial 500 units for domestic U.S. production alone in the first year out production. Under the agreement, IHDR would be part owner of the joint production facility which would have hard assets, including facilities and equipment of a projected $40,000,000 value, which will be bookable assets for IHDR. Financial requirements for the production and other costs related to the technologies will be secured and supplied through European banking and grant entities to the Joint Venture. IHDR will not be subject to any set equity based contribution to achieve financial aspects of the Joint Venture.
Infinite Group, Inc.
Infinite Group, Inc. GSA Schedule 70 Contract Expanded
PITTSFORD, N.Y., June 27, 2006 (PRIMEZONE) -- Infinite Group, Inc. (IGI) (OTCBB:IMCI) today announced that its Information Technology (IT) Federal Supply Schedule awarded to it by the U.S. General Services Administration (GSA) on December 29, 2003, has recently been expanded to incorporate an abundance of additional labor categories. Under the newly approved Schedule 70 contract, IGI has 85 different types of labor functionalities that it can now extend to federal government customers. This expansion is possible because of their growth since the initial Schedule 70 award. IGI Chief Contracts Officer, Ralph Roman, commented that "the recent contract supplement will provide federal customers with a labor pool of great breadth and depth that can be readily aligned to meet any agencies' information technology needs, at favored rates."
Northrop Grumman Corp.
Northrop Grumman Presents Quality Awards to Honor Top Suppliers
EL SEGUNDO, Calif., June 27, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) today honored 23 Platinum Source Preferred Awardees and presented "2005 Supplier of the Year" awards to eight U.S. companies that have consistently produced and delivered top quality parts and services for the company's Integrated Systems sector during the past year. The awards were presented at a suppliers luncheon held in Manhattan Beach, Calif.
KMA Global Solutions International, Inc.
KMA Global Solutions International Announces $2.1 Million Source Tagging Program
MISSISSAUGA, Ontario, June 27, 2006 (PRIMEZONE) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG) announced today that the company is on track to ship a combination of over 20 million units of its NEXTag(tm) and Hang Tag in a source tagging program that will generate approximately $2.1 Million for KMA by the end of 2006. The client, a national retail provider of family apparel, footwear, home products and general merchandise with over 140 retail outlets across Canada, joins the growing retail trend in Electronic Article Surveillance (EAS) for manufacturers and distributors to tag consumer goods at the source.
J.G. Wentworth's Michael Vaughan Airs on wsRadio.com's 'EverydayWealth Radio' Personal Finance Program
BRYN MAWR, Pa., June 27, 2006 (PRIMEZONE) -- As part of an on-going educational process on the secondary market for annuities, J.G. Wentworth, a specialty finance company and leader in the secondary market for annuities, appeared on wsRadio.com's "EverydayWealth Radio" personal finance program to discuss some of the options now available for annuity holders in the secondary market. Michael Vaughan, Managing Director of J.G. Wentworth's Annuity Purchase Program, spoke with Gerri Detweiler, EverydayWealth host and credit expert on June 15 about some of the issues investors should be aware of when owning or inheriting an annuity. The segments can be accessed at www.EverydayWealthRadio.com by typing "Michael Vaughan" into the search field. Consumers can listen to the two ten-minute segments online using Windows Media Player. wsRadio.com is a worldwide leader in Internet talk radio with over 80 shows.
Execute Sports, Inc.
Academy Snowboard Company Increases European Sales Orders by 181 Percent for 2006-2007 with Orders from Italy, Austria, France, Germany and Switzerland
SAN DIEGO, June 27, 2006 (PRIMEZONE) -- Execute Sports, Inc. (OTCBB:EXCS) announced today that Academy Snowboard Company has increased its sales in Europe by 181% with orders from leading European distribution company AB Invest, into Italy, Austria, France, Germany and Switzerland. Overall, with these orders, Academy Snowboard Co.'s international orders have increased by 51% year-to-date over last year.