latest news releases from the newsroom
Morris, Manning & Martin, LLP
Morris, Manning & Martin to Sponsor, Lead ION Venture Forum
ATLANTA, Oct. 13, 2006 (PRIMEZONE) -- Representatives from Morris, Manning & Martin, LLP will play leading roles in this month's ION Venture Forum. The forum is set for Oct. 17-18 at Atlanta's Ritz-Carlton Buckhead. More than 100 top-tier venture capitalists from across the nation have registered to attend the event, which will be hosted by the Atlanta CEO Council, an exclusive organization for C-level executives.
EYI Industries Inc
EYI Announces Definitive Agreement With Mach 3
BURNABY, British Columbia, Oct. 13, 2006 (PRIMEZONE) -- EYI Industries Inc. ("EYI") (OTCBB:EYII) (http://www.eyicom.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce the signing of a definitive agreement with Mach 3 Technologies Group, LLC ("Mach 3") in connection with the letter of intent ("LOI") announced on July 21, 2006.
Michelex Corp. Announces Audited Financials Completed
MASSENA, N.Y., Oct. 13, 2006 (PRIMEZONE) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced today that their Auditors, Seligson & Giannattasio, LLP have completed the company's audited financials for 2004 and 2005. This will enable the company to have the 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board which is currently in process; however there can be no assurances as to when the 15 (c)(2)(11) will be approved or whether it will be approved at all.
Solomon Technologies, Inc.
Solomon Engages Ardour Capital
TARPON SPRINGS, Fla., Oct. 13, 2006 (PRIMEZONE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has engaged Ardour Capital Investments, LLC (www.ardourcapital.com) to assist in executing its strategic growth plan and acquisition strategy. Ardour, based in New York, focuses its efforts exclusively on clients involved in the energy technology sector.
Telenor: Deep Admiration for Mohammad Yunus
OSLO and FORNEBU, Norway, Oct. 13, 2006 (PRIMEZONE) -- "We are proud and extremely happy that our partner for more than 10 years, Muhammad Yunus and Grameen Bank have received this year's Nobel Peace Prize," says Telenor's President and CEO Jon Fredrik Baksaas.
NetBank Sells Majority of Its Mortgage Servicing Rights
ATLANTA, Oct. 13, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), parent company of NetBank(r) (www.netbank.com) and a leading mortgage lender, today announced that the company has sold most of its mortgage servicing rights ("MSRs") associated with conventional, agency-eligible loans. These MSRs accounted for approximately 70% of NetBank's portfolio, and the unpaid principal balance ("UPB") on the underlying mortgages totaled $8.5 billion. The MSRs were sold in two separate transactions. The larger, more significant deal involved MSRs for Fannie Mae and Freddie Mac loans. These MSRs had a related UPB of approximately $8.2 billion, and they were acquired by IXIS Real Estate Capital Inc. ("IXIS"). A different buyer purchased a pool of Ginnie Mae MSRs with UPB of approximately $230 million. Both transactions closed on September 29 and were recognized as third quarter events.