latest news releases from the newsroom
SeaDrill Ltd. Confirms Contract for Third Deep Water Semi-Submersible
HAMILTON, Bermuda, Sept. 21, 2005 (PRIMEZONE) -- The Board of SeaDrill Ltd. is pleased to confirm that the Company has signed a final contract with Daewoo Shipbuilding in Korea (DSME) for the construction of an ultra-deep water harsh environment semi-submersible drilling rig of design GVA 7500-N. The semi-submersible, which will be fully capable of operating in all of the most extreme weather and water depth drilling areas, will be delivered to the owner in February 2008. The contract price for the unit is US$496.5 million and is based on a full turnkey delivery including an extensive testing programme, 7,500 ft. of riser a 15k BOP and a full mooring system. The rig will have a soft payment schedule with 3 x 10% payment under the construction period and 70% by delivery.
China Direct Trading Corp.
China Direct Trading Corp. Hires Florida Salesperson for Generator Sales to Distributors
DAVIE, Fla., Sept. 21, 2005 (PRIMEZONE) -- China Direct Trading Corporation's (OTCBB:CHDT) wholly owned subsidiary, China Pathfinder Fund, LLC. (CPF) has hired Eric Delarue, a 15-year sales veteran of electrical and mechanical equipment, to head up the company's generator sales in Florida. CPF has received numerous inquiries within the past week from Generator installers in Florida looking for alternative suppliers due to lengthy deliveries and higher prices from U.S. manufacturers. CPF looks to supply these service providers who are needed in the process of installing a large generator which is installed with a cement slab and a crane. Most generator suppliers carry U.S. made generators which cost 20% more than CPF imports and deliveries can be as long as 40 weeks on select models.
TalkingStocks.com Initiates Profile Coverage for ESPRE Solutions, Inc.
DALLAS, Sept. 21, 2005 (PRIMEZONE) -- John Pentony, Publisher of TalkingStocks.com, announced today that the web site has initiated Profile Coverage for ESPRE Solutions, Inc. (Pink Sheets:EPRT). ESPRE Solutions is a public company with a groundbreaking media collaboration solution that fulfills the promise of TV-quality streaming video over the Internet -- even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video applications provider of choice for Internet Service Providers, Fortune 1000 corporations, and institutions worldwide, adding both narrowband and broadband video to traditional voice and data applications. ESPRE Solutions' eView product suite provides an integrated solution for business and personal communications.
QLogic SAN Express Products First to Qualify for Microsoft's Simple SAN for Windows Server Program
ALISO VIEJO, Calif., Sept. 21, 2005 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced products from its SAN Express line have passed the requirements of the Microsoft Simple SAN Initiative. As part of this initiative, Microsoft is working with storage partners like QLogic to help drive the creation of simple storage area network (SAN) solutions for the SAN-friendly Windows Server 2003 platform. QLogic SAN Express products for small and medium businesses that have achieved Microsoft Simple SAN certification include SANblade QLA(r)200 HBAs and SANbox Express 1400 switches.