latest news releases from the newsroom
Power2Ship Reports Record Sales Increase July 2005 $2.5 Million - July 2004 $0.26 Million
BOCA RATON, Fla., Aug. 22, 2005 (PRIMEZONE) -- Power2Ship, Inc. (OTCBB:PWRI), the provider of a Logistics, Web-based, Collaborative Marketplace for the freight transportation industry and related Homeland Security programs, reported gross revenue for July, the first month of fiscal year 2006, of approximately $2.5 million, representing an increase of approximately $2.27 million or 887% from $0.26 million in revenue during July 2004. Based on the July gross revenue, the Company's annualized sales are approximately $30 million. Richard Hersh, Chairman and Chief Executive Officer of Power2Ship commented, "We are very pleased with the July 2005 revenue figure, and we expect continued growth in Homeland Security and the MobileMarket(TM) during the remainder of fiscal year 2006."
AdZone Research, Inc.
AdZone Research Signs $100,000 Contract with Telecommunications Company
CALVERTON, N.Y., Aug. 22, 2005 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR), a pioneering Internet surveillance technology solutions provider, today announced the signing of a $100,000 contract with eWAN1 (Pink Sheets:EWAN), a telecommunications company. The agreement provides for payment within 30 days.
Emerson Radio Corp.
Emerson Radio Corp.'s Chairman, Geoffrey P. Jurick, Agrees to Sell Shares to the Grande Group
PARSIPPANY, N.J., Aug. 22, 2005 (PRIMEZONE) -- Emerson Radio Corp. (AMEX:MSN) announced today that its chairman and chief executive officer, Geoffrey P. Jurick, has entered into an agreement to sell 10,000,000 of his Emerson shares to a subsidiary of The Grande Holdings Limited, a Hong Kong-based group of companies engaged in a number of businesses including the manufacture, sale, and distribution of audio, video and other consumer electronics and digital products. The purchase price is $5.20 per share payable in a combination of cash and a convertible debenture of Grande. The shares to be sold represent approximately 37 percent of Emerson's outstanding shares.