latest news releases from the newsroom
Power Technology Inc.
Power Technology Inc. Receives Funding for Production of New Batteries
HOUSTON, Jan. 3, 2006 (PRIMEZONE) -- Power Technology Inc. (OTCBB:PWTC) announced today that it had obtained additional funding to enable it to purchase machinery and equipment required for the manufacture of its patent-pending battery technology. CEO Bernard J. Walter stated, "Cornell Capital Partners, LP has agreed to provide us with an additional $1.1 million of funding, which will enable us to purchase machinery and equipment necessary to build our pilot plant to manufacture our unique patent pending current collectors for our batteries and to bring our batteries to market."
XsunX Ends 2005 on High Note
ALISO VIEJO, Calif., Jan. 3, 2006 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it ended 2005 on a high note with continued progress in the development of its semi-transparent Power Glass thin films, that may allow the Company to begin marketing efforts of its technologies as early as Spring 2006.
CaminoSoft Reports Fiscal 2005 Results
WESTLAKE VILLAGE, Calif., Jan. 3, 2006 (PRIMEZONE) -- CaminoSoft Corp. (OTCBB:CMSF) today announced strong sales for its fiscal fourth quarter and record sales for the year ended September 30, 2005, reflecting the benefits of a multi-year strategic turnaround plan and a focus on leveraging licensing and OEM partnerships.
CDKNet Announces $2 Million Institutional Financing to Support Its Arkados Subsidiary
NORTH PLAINFIELD, N.J., Jan. 3, 2006 (PRIMEZONE) -- CDKNet.com, Inc (OTCBB:CDKN) announced today that it has issued $2.0 million of an authorized $3.5 million 6% Secured Convertible Debentures to certain institutional investors. The 6% Secured Convertible Debentures mature on December 28, 2008, and are convertible into shares of the company's common stock at a conversion price of $0.85 per share. The company also granted the purchasers of the Secured Convertible Debentures warrants to purchase 941,875 shares of common stock for $0.85 per share at anytime prior to the earlier of twelve months after the effective date of the registration statement to be filed by company with the Securities Exchange Commission under the terms of the transaction documents or December 28, 2007, and additional five year warrants to purchase 941,875 shares of common stock for $1.00 per share. In connection with the $2.0 million private placement, the company agreed to register the shares of common stock issuable upon conversion of the debentures and upon exercise of the warrants for resale under the Securities Act of 1933.
Aventura Holdings, Inc.
Aventura Holdings, Inc. Files Lawsuit Against Former Directors and Their Affiliates For Issuing Company Stock Absent Ascertainable Consideration
MIAMI, Jan. 3, 2006 (PRIMEZONE) -- Aventura Holdings, Inc. (OTCBB:AVNT) (Frankfurt:WKN#570891) ("Aventura") filed a lawsuit against T. Joseph Coleman, Peter Klamka, RTV Media Corp., The Coleman Family Trust, Vega 7 Entertainment and Wilshire Capital LTD. in the U.S. District Court in the Southern District of Florida. Aventura asserts that shortly before resigning as Officers and Directors of Aventura, T. Joseph Coleman and Peter Klamka issued Company shares to themselves and their affiliated entities absent ascertainable consideration.