latest news releases from the newsroom
Delta Mutual, Inc.
Delta Mutual Inc. Restates 2004 and First-Quarter Financials
SELLERSVILLE, Pa., July 22, 2005 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM), specializing in energy recovery and construction services through environmentally friendly technologies and products, today announced a restatement of 2004 and first-quarter 2005 consolidated financial results due to a change in accounting treatment for $961,400 of convertible debt and detachable warrants issued in 2004, in accordance with Emerging Issues Task Force 00-27 ("EITF 00-27").
Diamond Discoveries International
Diamond Discoveries: Airborne Survey Underway
VANCOUVER, British Columbia, July 22, 2005 (PRIMEZONE) -- Diamond Discoveries International Corp. (OTCBB:DMDD) is pleased to announce that McPhar Geosurveys, Ltd. has started flying the airborne magnetic survey over the company's Torngat Mountain property. The survey, covering the 420-square-kilometer area is a major step in the identification and localization of potential kimberlite pipes and dykes associated with known diamond occurrences.
SeaDrill (SDRL) -- Acquisition
HAMILTON, Bermuda, July 22, 2005 (PRIMEZONE) -- SeaDrill Limited has today entered into agreements with an investment company to purchase between 32% and 37% of the enlarged share capital of PT Apexindo Pratama Duta Tbk for a maximum investment amount of USD 65 million, pursuant to the latter's upcoming rights issue plan. SeaDrill will, as part of the agreement, take over and subscribe for a majority of the rights in the rights issue. Apexindo will issue 837,600,000 shares in the rights issue resulting in 2,582,600,000 shares outstanding post rights. In addition, SeaDrill and Apexindo have signed a Memorandum of Understanding to enter into an agreement enabling SeaDrill to use Apexindo's services to market and operate SeaDrill's offshore rigs in the Middle East and Asia, with main focus on the Indonesian market. SeaDrill has accumulated a substantial fleet of high spec jack-up drilling rigs including a total of four jack-up rigs presently under construction in Singapore. Apexindo has a 20-year track record of operating rigs safely and efficiently for international oil companies.
m-Wise Retains The Anne McBride Company to Provide an Integrated Investor Relations and Financial Media Campaign
WILMINGTON, Del., July 22, 2005 (PRIMEZONE) -- m-Wise, Inc. (OTCBB:MWIS), a leading technology provider of mobile content solutions for operators, ASPs and content providers, today announced that The Anne McBride Company, Inc., has been retained to provide an integrated investor relations financial media program.
BICO Resumes Trading on the OTC Bulletin Board
DOVE CANYON, Calif., July 22, 2005 (PRIMEZONE) -- BICO, Inc. (OTCBB:BIKO), a distributor of Internet appliances and an advertising and content publisher, primarily focused on the multi-housing and hospitality industries, announced today that it is again trading on the OTC Bulletin Board.