latest news releases from the newsroom
Airvana Announces Mobile 'VoIP Lab'
CHELMSFORD, Mass., Sept. 13, 2006 (PRIMEZONE) -- Airvana, Inc. (www.airvana.com), an innovator and leader in mobile broadband infrastructure based on 3G mobile broadband technology, today announced that it has established a Multimedia/VoIP laboratory to test and demonstrate commercial IP-based mobile broadband 1xEV-DO Rev. A and fixed-mobile convergence systems. The VoIP Lab seeks to identify issues that may arise when voice and other multimedia data packets converge on a single network. From Quality of Service (QoS) to individual call performance, the VoIP Lab will help ensure that wireless VoIP networks run as flawlessly as possible. Current participants include AudioCodes, Brix Networks and Camiant.
Dolce Ventures, Inc.
Dolce Ventures, Inc. Acquires the Business of Beijing Zhong Ran Wei Ye Gas Co., Ltd.
BEIJING, Sept. 13, 2006 (PRIMEZONE) -- Dolce Ventures, Inc. ("Dolce") (OTCBB:DLCV) today announced the acquisition on September 7, 2006, of the business of Beijing Zhong Ran Wei Ye Gas Co., Ltd. ("Beijing Gas"), through the acquisition of its holding company, Gas Investment China Co., Ltd. Also on September 7, 2006, Dolce completed a private placement of $6,876,800 of its Series B Convertible Preferred Stock and warrants. Full details of the transaction, its structure and the private placement are available in a Form 8-K filed by Dolce on September 13, 2006.
Crew Gold Corporation
Crew Gold Corp.: Notification of Trade
LONDON, Sept. 13, 2006 (PRIMEZONE) -- Crew Gold Corporation ("Crew" or the "Company") (Other OTC:CRUGF) (TSX:CRU) (Oslo:CRU) (Frankfurt:KNC): On September 12, 2006, Jan A. Vestrum, President and Chief Executive Officer of Crew Gold, bought 500.000 shares in Crew at NOK 9.56 and 400.000 shares in Crew at NOK 9.35, both transactions by way of the fulfilment of previously announced forward contracts, sold 900.000 shares in Crew at NOK 12.00 and bought 900.000 shares in Crew at NOK 12.13 by way of a new forward contract with maturity December 11, 2006.
Wolverine Tube Inc.
Wolverine Tube Announces Closure of Two Production Facilities
HUNTSVILLE, Ala., Sept. 13, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced the planned closure of its manufacturing facilities located in Jackson, Tennessee and Montreal, Quebec. In addition, the Company will consolidate its U.S. wholesale distribution facility into the Decatur, Alabama plant location. These actions constitute the first phase of the Company's restructuring and rationalization program, as a part of its strategic planning process and in conjunction with its "Path to Profitability" initiatives, which focus on reducing the Company's North American footprint while continuing to serve and support its customers globally. The closing of the Jackson, Tennessee operations and the consolidation of the U.S. wholesale distribution facility should be completed by the end of November 2006. The operations at the Montreal, Quebec facility will be phased out with completion of the closure occurring during the first quarter of 2007.