latest news releases from the newsroom
Crystal Research Associates, LLC
Crystal Research Associates, LLC Issues Executive Informational Overview (EIO) on Synthetic Blood International, Inc.
NEW YORK, Sept. 22, 2005 (PRIMEZONE) -- Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview(r) (EIO(r)) on Costa Mesa, California-based Synthetic Blood International, Inc. (OTCBB:SYBD). The full 40-page report can be found at www.crystalra.com, or through a link located in the Investor Relations section of the Company's website at www.sybd.com. This report was paid for by Synthetic Blood International, Inc.
Sun New Media Inc.
Sun New Media and SE Global Announce Final Closing
DIAMOND BAR, Calif., Sept. 22, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI" or "Company") reports that it has acquired 100% of the issued and outstanding share capital of Sun New Media Group Ltd. from Shanghai based Sun Media Investment Holdings Ltd. ("SMIH"). The transaction was originally announced by the Company in a press release dated July 21, 2005 and was subsequently approved by a majority of the stockholders of the Company at a stockholders meeting held on September 12, 2005. As a result of the transaction, SMIH and related parties will hold approximately 85.53% of the Company's issued and outstanding share capital. The transaction between the parties closed in escrow with an effective closing date of September 18th, 2005.
Modern Technology Corporation
Modern Technology Corp. Expects to Meet $25 Million 2005 Goal and Anticipates Meeting Larger Goal of $50 Million
OXFORD, Miss., Sept. 22, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a diversified technology development and acquisition company, expects to meet, on a pro forma basis, its projections for mid-year revenue targets of around $25,000,000. The imminent addition of the company's latest acquisition will add a projected $11,000,000 to current operations. Acquisition candidates currently under negotiations and, if successfully concluded, are expected to add another $30,000,000 to $40,000,000 to the company's overall 2005 current pro forma projected revenues of over $20,000,000 bringing the potential total revenue totals to around $60,000,000.
Cytomedix Appoints Former FDA Manager to Lead Comprehensive Clinical Trial Data Audit
ROCKVILLE, Md., Sept. 22, 2005 (PRIMEZONE) -- Cytomedix, Inc. ("Cytomedix" or the "Company") (AMEX:GTF) has launched a comprehensive audit of its prospective, randomized, double-blinded, controlled trial of the AutoloGel(tm) System for the treatment of diabetic foot ulcers, and has appointed Jennifer Grayson, a former FDA manager, and now consultant, to lead the audit of clinical trial information and data at its investigational study sites and contract research organization, it was announced today by Dr. Kshitij Mohan, Chairman and Chief Executive Officer.
Virco Mfg. Corporation
New Virco Furniture Lines Earn GREENGUARD Certification for Schools
TORRANCE, Calif., Sept. 22, 2005 (PRIMEZONE) -- Following the GREENGUARD(tm) Environmental Institute's recent establishment of a stringent indoor air quality standard for children and schools, Virco Mfg. Corporation's (AMEX:VIR) ZUMA(r) and ZUMAfrd(tm) product lines are now the first classroom furniture collections to be certified according to this standard.
Emtec, Inc. Announces Update to its Ongoing Self Tender Offer
TRENTON, N.J., Sept. 22, 2005 (PRIMEZONE) -- Emtec, Inc. (OTCBB:ETEC) today announced that it is updating its previous disclosure in the offer to purchase mailed to its shareholders in connection with its ongoing self tender by filing an amendment to its Schedule TO today with the Securities and Exchange Commission (SEC).
Heartland Enters Material Agreement With Lee Oil Company
NEW YORK, Sept. 22, 2005 (PRIMEZONE) -- Heartland Holdings Inc. (OTCBB:HTLJ) entered into a binding Acquisition Agreement with Lee Oil Company owners Terry and Gary Lee to acquire all the outstanding issued stock of Lee Oil Company, Inc., a Virginia corporation, Lee Enterprises, Inc., a Kentucky corporation, and Lee's Food Marts LLC, a Tennessee Limited Liability Company for $6,000,000.00.