latest news releases from the newsroom
Delta Air Lines, Inc.
Certain Holders of Delta Air Lines EETCs to Receive Distribution
ATLANTA, Nov. 4, 2005 (PRIMEZONE) -- Delta Air Lines, Inc. today announced that holders of certain series of EETC certificates from its 2001-1, 2001-2 and 2003-1 EETC financings will be receiving a notice from U.S. Bank, the agent for the financings, advising them that a special distribution will be made to certain holders with respect to such certificates. Delta issued equipment notes under the Series 2001-1, Series 2001-2 and Series 2003-1 EETCs to finance a number of aircraft but has not made scheduled payments when due because of its Chapter 11 filing on September 14, 2005. Payments on the notes are used to fund payments on the certificates. Delta will be filing with the bankruptcy court on or before November 14, 2005 election notices under Section 1110(a) of the Bankruptcy Code for the EETC financings. The amount of the special distribution has not yet been determined.
Pacific Advanced Technology, Inc.
GIT to Demonstrate Products for ENI Technology
SANTA BARBARA, Calif., Nov. 4, 2005 (PRIMEZONE) -- Gas Imaging Technology, LLC, (GIT) a manufacturer of unique gas imaging and analysis systems that address critical needs of the oil, gas, utility and chemical industries, announces that the Company has been retained by Energy Laser of Milan to demonstrate its two products, the Sherlock VOC, and an IMSS-based prototype of the Sherlock FE. These products will be used in field trials sponsored by ENI Technology, at a major Italian refinery. GIT is also pleased to announce that the Company was featured on the front page of the Santa Barbara News-Press Business Section on Sunday, October 30, 2005: http://newspress.com/business/103005gasimaging.htm?now=4019&tref=1
ADSERO Corp. Completes 10 Percent Acquisition of Turbon AG
MONTREAL, Nov. 4, 2005 (PRIMEZONE) -- ADSERO Corp. (OTCBB:ADSO), a North American leader in the printer cartridge remanufacturing Industry, is pleased to announce the Company has completed the final purchase of 328,500 treasury shares of Turbon AG, bringing its total ownership to 400,000 shares, equivalent to a 10% stake in Turbon AG.
Beneficial Holdings, Inc.
Beneficial Holdings, Inc. Announces Stock Buy Back
SALT LAKE CITY, Nov. 4, 2005 (PRIMEZONE) -- Beneficial (Pink Sheets:BFHJ) is pleased to announce that it plans to implement a stock buy-back program. All purchases will be made at market prices on the pink sheets exchange operated by the NASDAQ Stock Market or through private transactions and will be paid for with general corporate funds from sales profits of its products.