latest news releases from the newsroom
Virgin America Names Panasonic as Lead Hardware Supplier for New Airline's In-flight Entertainment
BURLINGAME, Calif., May 2, 2006 (PRIMEZONE) -- Virgin America, a new U.S.-based start-up airline, has named Panasonic Avionics Corporation as its lead hardware supplier for in-flight entertainment. The airline has also announced its core team of in-flight entertainment technology partners. Together with Virgin America, the entire team seeks to deliver the most innovative and sophisticated in-flight entertainment (IFE) experience available for customers.
Control Module Announces Launch of Redesigned Web Site, Located At Controlmod.com
ENFIELD, Conn., May 2, 2006 (PRIMEZONE) -- Control Module Inc. (CMI), the leading biometric workforce management and data collection technology provider, today announced the launch of its redesigned Web site, located at www.controlmod.com. The redesigned site provides CMI stakeholders with a fresh look at the company's products, differentiators and value propositions, with a compelling design and streamlined content. The site was designed by integrated marketing firm M/C/C, which is based in Dallas, Texas.
GoldSpring Secures Commitment for Financing to Expand Operations
GOLD HILL, Nev., May 2, 2006 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) announced today that a group of its existing investors has committed financing in the amount of $1.8 million. The Company expects to close the transaction in the next 90 days, subject to completion of certain closing conditions. Upon closing, the funds will be deployed to expand the Company's Plum Mine operation in northern Nevada. Specifically, the Company plans to take over the mining operations from its contract miner and has committed $500,000 to conduct further exploration at the Plum property. The Company estimates that the transition to in-house mining operations will reduce gold production costs by approximately $40 per ounce, bringing the cash cost below $350 per ounce of gold.
AuGRID's Joint Venture Partner Seeks Gold Expansion
CLEVELAND, May 2, 2006 (PRIMEZONE) -- AuGRID Corporation (Pink Sheets:AUGC) announces that it's joint venture partner, Windham Resources, Inc. ("Windham"), is considering opportunities for expansion and is reviewing potential acquisition projects, especially gold mining opportunities. As a basis for consideration, prospective projects should possess potential for mineral resources development based upon a history of mining or successful drilling programs by former operators of the properties. As part of its Joint Venture Agreement with Windham, AuGRID retains the right of first refusal to participate on a 50/50 basis in all new projects contemplated by Windham.
Overseas Shipholding Group, Inc.
OSG Appoints Eric F. Smith to Head Its U.S. Flag Strategic Business Unit
NEW YORK, May 2, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader in providing energy transportation services, today announced the promotion of Eric F. Smith, 41, an 18-year industry veteran, to lead its U.S. Flag Strategic Business Unit. In this role, Mr. Smith will assume expanded responsibilities of commercial operations and business development and represent OSG's maritime interests in Washington, D.C. Mr. Smith will report to Morten Arntzen, President and CEO.