latest news releases from the newsroom
Saflex Takes Center Stage at Glasstec 2006
ST. LOUIS and DUSSELDORF, Germany, Oct. 24, 2006 (PRIMEZONE) -- At the Glasstec 2006 exhibition in Dusseldorf, Germany, Solutia Inc. (OTCBB:SOLUQ), the world leader in the production and sale of polyvinyl butyral (PVB) interlayers, today announced its PVB interlayer business will now be known as "Saflex(r)", which is also the name of its flagship brand.
Seadrill Secures Letter of Intent for Ultra-Deepwater Drillship
HAMILTON, Bermuda, Oct. 24, 2006 (PRIMEZONE) -- Seadrill has been awarded a letter of intent by a major oil company for international explorations activities with the ultra-deepwater drillship West Polaris (Mosvold I). The contract has a firm duration of three years and estimated contract value is approximately US$570 million. West Polaris is currently under construction at Samsung Shipyard in South Korea and is scheduled for delivery at the end of the second quarter 2008.
IElement Corporation Announces Second Quarter Renewals
DALLAS, Oct. 23, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that its fiscal second quarter (ending September 30) customer renewal and new sales numbers beat expectations and totaled $701,681. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Port of Houston Authority
PHA Commission Delivers Access Control, Bayport Projects
HOUSTON, Oct. 23, 2006 (PRIMEZONE) -- The Port Commission of The Port of Houston Authority approved access control enhancements for several of its facilities and other items during its April 23 public meeting. Chairman Jim Edmonds presided over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
MyContractor.com Signs 'On The House With the Carey Brothers'
GREENSBURG, Pa., Oct. 23, 2006 (PRIMEZONE) -- MyContractor.com, Inc., a leading nationwide full-service home improvement and remodeling company, today announced it has signed an on-going strategic alliance and representation agreement with high-profile professional remodeling experts and acknowledged home improvement industry consumer advocates James and Morris Carey.
Dow Jones & Company
Shareholder Charitable Trust Adopts 10b5-1 Trading Plan
NEW YORK, Oct. 23, 2006 (PRIMEZONE) -- Dow Jones & Company (NYSE:DJ) announced that a charitable trust established by the late Jane Bancroft Cook, a former Dow Jones director and major stockholder, has adopted a new prearranged trading plan in accordance with the guidelines specified by SEC Rule 10b5-1. Under the trading plan, the Trust will sell 10,000 shares of the company's Common Stock per trading day, commencing on Nov. 6. The termination date for the plan is June 1, 2007. Sales under the plan will only be affected if the market price on the trading day is greater than or equal to $30.00 and will cease earlier if an aggregate of 855,200 shares are sold. The average daily trading volume in Dow Jones Common Stock over the past year was 756,362. Proceeds from the sale of the shares are applied to the charitable purposes of the Trust, which is known as Jane's Trust.
Casinelli Named Executive Vice President at Hallsmith - Sysco Food Services, LLC
HOUSTON, Oct. 23, 2006 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, announced today that Frederick Casinelli has been named executive vice president of Hallsmith - Sysco Food Services, LLC, a SYSCO subsidiary located in Norton, Massachusetts. Mr. Casinelli, who is currently executive vice president at Sysco Food Services of Philadelphia, LLC, will assume his new role effective October 30, 2006. He succeeds John C. (Jack) Young, who is retiring from the company after 19 years of distinguished service.