latest news releases from the newsroom
Alliance Distributors Holding Inc.
Alliance Distributors Holding Inc. Announces End of Discussions to Buy Fesco
COLLEGE POINT, N.Y., April 26, 2006 (PRIMEZONE) -- Alliance Distributors Holding Inc. (OTCBB:ADTR) today announced that it will not buy Foto Electric Supply Co. Inc. (Fesco). An agreement by the company to buy Fesco expired on February 28, 2006, and subsequent discussions to extend and amend the agreement have ended. The company will record a charge of approximately $257,000 in the first quarter ended March 31, 2006 for its costs in the terminated transaction.
The Hispanic Institute
Hispanic Leaders Call for Censure of CNN Host Lou Dobbs
WASHINGTON, April 26, 2006 (PRIMEZONE) -- The Hispanic Institute, a non-partisan, not-for-profit organization headquartered in Washington, D.C., called upon CNN Worldwide President Jim Walton to censure CNN News Anchor Lou Dobbs for what the organization describes as outrageous and incendiary language in his reporting on immigration policy and the debate on that issue in congress.
Intepro America, LLC
Intepro America, LLC Purchases Schaffner's Power Electronics Test Business
SANTA ANA, Calif., April 26, 2006 (PRIMEZONE) -- Intepro America, LLC and The Schaffner Group AG (SWX:SAHN) announced today that they have concluded their agreement to transfer ownership of the power electronics operations of the Schaffner Group's test systems division to Intepro America, LLC of Santa Ana, California, for an undisclosed sum. Intepro America, which markets power electronics systems in North America, is acquiring Schaffner Ltd., of Limerick, Ireland, as well as the corresponding sales and service organizations in the U.K. and U.S. Schaffner Ltd. contributed approximately $4 million to the Schaffner Group's revenues in the last fiscal year.
Unique Pizza and Subs
Unique Pizza and Subs Receives Approximately $300,000 in Franchise Down Payments
PITTSBURGH, Pa., April 26, 2006 (PRIMEZONE) -- Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, is pleased to announce that the Company has received over $300,000 in down payments from franchisees' from five regions in the Eastern and Mid-western United States. Unique Pizza and Subs has received down payments from franchisees' in Boston, Massachusetts, Atlanta, Georgia, Austin, Texas, Milwaukee, Wisconsin, and the Chesapeake/Norfolk, Virginia areas. Unique Pizza and Subs plans on having their first restaurants open in the Summer/Early Autumn of 2006.
Quantech Electronics Corp.
Quantech Electronics Corp. Acquires IDK UK and Completes Reverse Merger
LONDON, April 26, 2006 (PRIMEZONE) -- Quantech Electronics Corp. ("Quantech") today announced the successful completion of the reverse merger with IDK UK, in which Quantech acquired 100% of IDK UK LTD. Its trading symbol is now (Pink Sheets:QTCE). Quantech's existing board of directors and management has been replaced in its entirety by IDK. Consequently, all of IDK UK's assets, businesses and operations have been merged into Quantech.