latest news releases from the newsroom
Melt Inc. Completes Private Equity Financing
LAGUNA HILLS, Calif., Oct. 24, 2006 (PRIMEZONE) -- Melt Inc. (OTCBB:MLTC), owner, operator and franchisor of quick service restaurants operating under the name "Melt Gelato & Crepe Cafe," has completed a private equity financing with existing shareholders. Proceeds from the financing will be used for working capital as the Company continues to execute its aggressive franchise expansion plan across the U.S.
Dada Acquires Splinder and Motime, Gaining Leadership in the Blog Segment
NEW YORK, Oct. 24, 2006 (PRIMEZONE) -- Dada S.p.A. (MTAX of the Italian Stock Exchange: DA.MI), a leader in the Web and mobile community and entertainment sector, has today finalized an agreement for the acquisition of Tipic Inc., a leading international player in the blog community segment, through its subsidiary Dada USA Inc. The purchase and addition of Tipic's technology will increase Dada's technological assets and user base, with a view to optimizing the convergence between Dada's strengths in the Web and mobile spaces.
First Equity Group
StockMarketNewsAlert.com Issues New Trade Alert for BioStem, Inc.
BOCA RATON, Fla., Oct. 24, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues New Trade Alert for BioStem, Inc. (OTCBB:BTEM). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive. "BioStem, Inc., plans to acquire Cryobanks International a corporation located in Altamonte Springs, Fl."
MEDirect Latino, Inc.
MEDirect Latino Inc. Cancels Class A Common Stock Issuance
POMPANO BEACH, Fla., Oct. 24, 2006 (PRIMEZONE) -- MEDirect Latino Inc. (Pink Sheets:MLTO) (www.medirectlatino.org), the first national provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community, today announced that the Board of Directors, coupled with a majority of the Company's shareholders, voted to cancel the Class A Common Share issuances. The Class A Common Share carried a 10-1 voting advantage to a Common Share of the Company. Voting to cancel the Class A Common Shares were holders and Founder and President/CEO, Ms. Debra L. Towsley, Founder and EVP/Chairman, Mr. Raymond Talarico and Company COO, Mr. Charles W. Hansen III, and further carried by a majority of shareholders. The decision to cancel the issuance of the "super voting" shares was made to further align the management of the Company with shareholders and strategic relationships.
Emulex Ranked Number 1 in 4Gb/s HBA Revenue Market Share
COSTA MESA, Calif., Oct. 24, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX) today announced that it has achieved the number one position in 4Gb/s host bus adapter (HBA) revenue share, with 44 percent, according to Dell'Oro Group's second quarter SAN Infrastructure market analysis report. Emulex also increased its market share by eight percentage points from the previous quarter, according to the report.
SmallCap Sentinel: Connecting Buyers and Sellers
IRVINE, Calif., Oct. 24, 2006 (PRIMEZONE) -- "With the seasonal holiday shopping rush just around the corner, businesses are positioning and repositioning themselves to capture this essential and quickly-growing market," said SmallCap Sentinel analyst D.R. Clark. "As the online shopping market continues its vertical growth, commonsense solutions and enhancements are also taking root."
Chino Commercial Bank
Chino Commercial Bancorp Announces Stock Repurchase Plan
CHINO, Calif., Oct. 24, 2006 (PRIMEZONE) -- Dann H. Bowman, President & CEO of Chino Commercial Bancorp (OTCBB:CCBC) and its wholly owned subsidiary, Chino Commercial Bank, N.A., today announced that the Board of Directors of Chino Commercial Bancorp has approved a plan to incrementally repurchase up to an aggregate of $3,000,000 in shares of the Company's common stock. The repurchase program, which is contingent upon the completion of a trust preferred security offering by the Company, which offering is currently scheduled to be consummated on or about October 27, 2006, will continue for a period of twelve months, subject to earlier termination at the Company's discretion.
Airvana Announces Full Readiness of QoS-Enabled Mobile VoIP Infrastructure
CHELMSFORD, Mass., Oct. 24, 2006 (PRIMEZONE) -- Airvana, Inc. (www.airvana.com), an innovator and leader in mobile broadband infrastructure based on 3G mobile broadband technology, today announced it made the industry's first Quality of Service (QoS) enabled mobile-to-mobile VoIP call on a commercially available EV-DO Rev. A network. Airvana demonstrated the call in its Multimedia/VoIP laboratory.