latest news releases from the newsroom
Vertex Interactive, Inc.
Vertex Interactive Inc. Announces Agreement to Sell XeQute Solutions, Inc. in a Reverse Merger; Vertex to retain 54% control of new entity in a stock and cash transaction
NEW YORK, Aug. 18, 2003 (PRIMEZONE) -Vertex Interactive Inc. (Pink Sheets:VETX), ("Vertex or the Company"), a leading provider of Internet enabling business-to-business fulfillment solutions, today announced that it has entered into an asset purchase agreement pursuant to which it would sell all of the assets and certain liabilities of XeQute Solutions, Inc., its wholly-owned subsidiary, to JAG Media Holdings, Inc. (OTCBB:JGMHA). XeQute is Vertex's principal subsidiary and a provider of supply chain management technologies and services, including enterprise software systems and applications, software/hardware maintenance services and consulting services, which enable its customers to more effectively manage their order, inventory and warehouse management needs.
United Internet Technologies, Inc.
United Internet Technologies Terminates License Agreement With Marx Toys
LOS ANGELES, Aug. 18, 2003 (PRIMEZONE) -- United Internet Technologies, Inc. (UIT) a division of United Leisure Corp. (Other OTC:UTDL) today announced that it has terminated an agreement whereby Marx Toys and Entertainment, Inc. (OTCBB:MRXT) was to market certain interactive toys using UIT's patented technologies. Marx was notified verbally and in writing that the agreement was terminated as of July 31, 2003. Despite this clear notification, Marx management has continued to release information to the press and others regarding their rights to market "IM Buddies".
Communications Research, Inc.
Communications Research, Inc. Announces Agreement with TBS-Network Intelligence in Prospective Multi-Million Dollar Deal
MAHWAH, N.J., August 18, 2003 (PRIMEZONE) -- Communications Research, INC. (Pink Sheets:CRHI) has announced they have come to terms on a strategic alliance with TBS Network Intelligence, Inc., Rochelle Park, New Jersey, to continue and further expand their working relationship in responding to business opportunities for systems, services or technology products. The companies have identified select business opportunities and, by pooling their resources, are working on closing a number of multimillion dollar orders for digital video communications, visual surveillance and security related system projects.