latest news releases from the newsroom
Gardant Pharmaceuticals, Inc.
Bioaccelerate Announces Name Change, New Strategy and Planned Distribution to Shareholders
NEW YORK, March 23, 2006 (PRIMEZONE) -- Bioaccelerate Holdings, Inc (OTCBB:BACL) today announced that it is has received majority shareholder approval to change its name to Gardant Pharmaceuticals, Inc. The Company also announced that it has adopted a new business strategy intended to increase overall shareholder value. The Company plans to spin-off a number of its operating subsidiaries to the Company's shareholders in order to enhance the independent identities of, and investor interest in, those subsidiaries and give the Company more clarity in its ongoing business activities. Following the separation of these subsidiaries, Gardent Pharmaceuticals also is expected to benefit from its increased focus on the development of the remaining pharmaceutical compounds of Gardent and its remaining subsidiaries.
CDMA Development Group
CDMA2000 Operators Enable Wireless' Next Big Opportunity
COSTA MESA, Calif., March 23, 2006 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) announced today that the CDMA2000(r) industry in the U.S. is playing a key role in wireless' next big opportunity: the $10 billion mobile virtual network operator (MVNO) market. This type of service provider targets specific demographics rather than traditional, broader categories such as consumers or business users. For example, Virgin Mobile USA caters to the youth market, while Movida Communications is focused on Hispanics. The common denominator is that the majority of MVNOs rely on CDMA2000 networks.
Surge Global Energy, Inc.
Surge Global Energy Expands Its Board of Directors With Two New Appointments
SAN DIEGO, March 23, 2006 (PRIMEZONE) -- Surge Global Energy, Inc. (OTCBB:SRGG), an oil and gas exploitation and development company, today announced that Daniel Schreiber, Chief Executive Officer of Granite Financial Group, and Barry Nussbaum, Founder and President of BNC Real Estate, have joined the company's Board of Directors. Mr. Schreiber brings to the board 20 years of experience in investment banking and Mr. Nussbaum has extensive expertise in real estate specializing in developments in Texas, Arizona and California.
Essential Innovations Technology Corp.
Essential Innovations Technology Subsidiary Proceeds with the 'Jeske Building' Project
BELLINGHAM, Wash., March 23, 2006 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) (Frankfurt:E6S), provider of cutting-edge geoexchange solutions for residential, commercial and industrial applications as both a geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology, announced today that it's subsidiary Earth Source Energy, Inc. is presently completing the drilling portion of the ground loop for the Jeske Accounting Building in Langley B.C., Canada.
ATSI Communications, Inc.
ATSI Communications, Inc. Record Revenues Result in 94 Percent Increase
SAN ANTONIO, March 23, 2006 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX) announced today that revenues for the three months ended January 31, 2006 totaled $2,947,000 and resulted in the sixth consecutive quarter of record revenues since the Company's reincorporation in May 2004. This is a 94% increase in revenues over the three months ended January 31, 2005. ATSI also reported that the Company achieved a major milestone during the quarter by producing positive cash flow from operations for the month of January 2006. Net loss before non-cash items for the three months ended January 31, 2006 was $35,000 vs. a net loss before non-cash items of $24,000 for the three months ended January 31, 2005.