latest news releases from the newsroom
Organetix Announces 23,500,000 Outstanding Shares to be Cancelled
NEW YORK, Sept. 6, 2006 (PRIMEZONE) -- Organetix, Inc. (OTCBB:OGTX) today confirmed that the controlling shareholders have agreed to cancel 23,500,000 outstanding shares of the Company's stock. These shares will be cancelled from the control position which is presently held in an agency capacity by Lusierna Asset Management. As a result, the fully diluted share count shall decrease from 86,382,447 shares outstanding to 62,882,447 shares outstanding. These shares may be reissued at a later time in conjunction with a potential acquisition or related financing activities. This cancellation is not a precursor to any specific transaction and should be recognized as both a restructuring instrument and a benefit to current shareholders.
Morgan Beaumont Announces Management Changes
BRADENTON, Fla., Sept. 6, 2006 (PRIMEZONE) -- Morgan Beaumont, Inc. (OTCBB:MBEU), a premier technology solution provider to the Stored Value and Prepaid Card market and owner of the SIRE Network(tm), today announced that Clifford Wildes, Founder, Chairman of the Board and CEO, will be relinquishing his duties as Chief Executive Officer in order to devote more time to his other businesses. Mr. Wildes will remain as Chairman of the Board at Morgan Beaumont and continue to be active in the development of overall corporate strategy and in maintaining important strategic relationships.
EcoPlus Begins Discussions On Program Agreement for National Municipalities
CHARLOTTE, N.C., Sept. 6, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) announced that it has entered into a discussion with Academic Capital Group, Inc. of Chicago, Illinois, a municipal lease-finance company. When finalized, the program agreement will supply qualified municipalities with lease financing to purchase or rent the EcoPlus patent-pending brown grease disposal technology.
Wolverine Tube Inc.
Wolverine Tube Announces End to Business Combination Discussions
HUNTSVILLE, Ala., Sept. 6, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced that at this time it has terminated all business combination discussions. Over the last several months, the Company has had discussions with several domestic and international parties concerning possible business combinations. The Company's Board of Directors determined that indications of interest in potential business combinations received to date are not sufficiently definitive to warrant further discussions. If the Company receives more definitive indications of interest in the future it may elect to recommence discussions.
SmallCap Sentinel: Innovation in Biotechnology
IRVINE, Calif., Sept. 6, 2006 (PRIMEZONE) -- "It's not unreasonable to expect that developments in biotechnology and health care may begin to come in what will seem a far more rapid pace," stated SmallCap Sentinel analyst D.R. Clark. "The amount of new patients, driven by aging Baby Boomers, will create an influx of capital that will inspire unprecedented research and development."