latest news releases from the newsroom
CallKey International, Inc.
CallKey International, Inc. Receives $1.8 Million Financing
BALLASALLA, Isle of Man, Aug. 25, 2006 (PRIMEZONE) -- CallKey International, Inc. ("CallKey") (Pink Sheets:CKYI), through its wholly owned subsidiary CallKey Group Ltd., is a global telecom operator providing leading-edge mobile and Internet-telephony services to a growing and diverse customer base at present in 35-plus countries -- and rapidly expanding. CallKey's central "hub" architecture effectively bridges traditional telecom (fixed line and mobile) and Internet (VoIP) technologies. This proprietary technology allows CallKey to differentiate itself in a crowded marketplace and compete in the highest growth sectors of international telephony.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Unveils Next Generation Global Hawk
PALMDALE, Calif., Aug. 25, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) rolled out the first production version of the new RQ-4 Block 20 Global Hawk unmanned aerial reconnaissance system in a ceremony today at the company's Antelope Valley Manufacturing Center in Palmdale. Company and U.S. Air Force officials introduced the advanced capability Block 20 air vehicle to an audience of senior government and military representatives, community and civic leaders, industry teammates and employees.
Flint Telecom Group, Inc.
Semotus Submits Plan of Compliance to the American Stock Exchange
LOS GATOS, Calif., Aug. 25, 2006 (PRIMEZONE) -- Semotus Solutions, Inc. (AMEX:DLK), an innovative leader of software solutions for enterprise mobility, today announced that it has submitted a plan to the AMEX on August 21 which outlines the company's plan to regain compliance with Amex's continued listing requirements and is in active discussion with the AMEX regarding the details of the plan. The AMEX has not provided the company with a time table for its formal response to the submitted plan and the plan's acceptance is at the discretion of the AMEX. If the plan is accepted, the company may be able to continue its listing during the plan period of up to 18 months during which time it will be subject to periodic review to determine whether it is making progress consistent with the plan.
Emulex MultiPulse Failover Software Receives HP Support
COSTA MESA, Calif., Aug. 25, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX) today announced that the Emulex MultiPulse software solution is now supported by HP, bringing full-featured multipathing capabilities to active/active storage array customers using Emulex HBAs within Linux 2.6-based storage environments. Emulex MultiPulse software solution can enhance HP storage systems by offering failover and static load balancing capabilities to ensure continuous data availability.
Auto Data Network, Inc.
Auto Data Network, Inc. Announces Closing of Sale of EXP Dealer Software Ltd. to Aftersoft Group, Inc. and Record Date for Spin-Off of Stake in Aftersoft
NEW YORK and LONDON, Aug. 25, 2006 (PRIMEZONE) -- Auto Data Network, Inc. (Pink Sheets:ADNW) and Aftersoft Group, Inc. (OTCBB:ASFG) today announced that they have closed the previously announced agreement for Aftersoft to acquire EXP Dealer Software Ltd. from Auto Data Network, Inc. EXP Dealer Software Ltd. owns and operates Auto Data Network's DMS business. The transaction closed today, August 25th, which is also the record date for the Spin-Off of Auto Data Network's stake in Aftersoft Group, Inc. to its shareholders, which is subject to receipt of all necessary approvals for the Spin-Off.
Baron & Budd
Investor Alert: Update On Options Backdating Actions Involving Analog Devices, Inc. -- ADI
DALLAS, Aug. 25, 2006 (PRIMEZONE) -- The law firm of Baron & Budd, P.C. is investigating the option-granting practices of Analog Devices, Inc. Baron & Budd has uncovered an apparent scheme by Analog Devices to grant stock options to its executives at unusually favorable dates and prices to the detriment of Analog Devices and its shareholders. During at least a four-year period, Analog Devices issued its executives option grants for millions of shares of stock by retroactively selecting a date when the stock traded at a lower price thereby creating an illicit gain.
Saxo Bank A/S
Saxo Bank Delivers Solid Half-Year Earnings
GENTOFTE, Denmark, Aug. 25, 2006 (PRIMEZONE) -- Saxo Bank continued to post solid growth in earnings and overall business during first half-year 2006. The bank reported profits before tax of DKK 123m compared with DKK 73m during the corresponding period in 2005. Total client deposits also increased by 37% compared to the value of client deposits placed with the bank at the end of the same period in the previous year.
Gardant Pharmaceuticals, Inc.
Gardant Pharmaceuticals Signs Agreement to be Acquired by Switch Pharma
NEW YORK, Aug. 25, 2006 (PRIMEZONE) -- Gardant Pharmaceuticals, Inc. (Pink Sheets:GRDP) Gardant Pharmaceuticals today announced it has signed an agreement to be acquired by Switch Pharma Ltd. Shares of Switch Pharma Ltd., which is currently in the process of going public in London, will be issued to acquire Gardant Pharmaceuticals. Pursuant to the agreement, the Switch Pharma Ltd. shares issued in the transaction must be trading for at least $1.38 per share when the shares of Switch Pharma Ltd. commence trading publicly in London. Shareholders of Gardant will receive one share of Switch Pharma for every Gardant share owned. The transaction is expected to close on September 30th subject to requisite approvals.
Baron & Budd
Investor Alert: Update on Options Backdating Actions Involving Brooks Automation, Inc. -- BRKS
DALLAS, Aug. 25, 2006 (PRIMEZONE) -- The law firm of Baron & Budd, P.C. is investigating the option-granting practices of Brooks Automation, Inc. Baron & Budd has uncovered an apparent scheme to grant stock options to executives at unusually favorable dates and prices to the detriment of Brooks Automation and its shareholders. Executives at Brooks Automation received hundreds of thousands of option grants over a six-year period whereby they extracted millions in illicit profits. The Wall Street Journal reported the likelihood of Brooks' option grants being legitimate as 1 in 9 million.
Port of Houston Authority
PHA Commission Considers $9.9 Million Share of Channel Dredging Project
HOUSTON, Aug. 25, 2006 (PRIMEZONE) -- The Port Commission of The Port of Houston Authority will consider funding a $9.9 million share of a Houston Ship Channel dredging and maintenance project and several other matters at its public meeting on Monday, August 28, beginning at 1 p.m. in the board room of the PHA Executive Building, 111 East Loop North (Exit 29 off Loop 610) in Houston. Chairman Jim Edmonds will preside over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.