latest news releases from the newsroom
ADCS: Governor Arnold Schwarzenegger Corresponds with ADCapital Industries
BURNABY, British Columbia, Sept. 15, 2005 (PRIMEZONE) -- ADCapital Industries (Pink Sheets:ADCS) notes that its Auto Emission Post Regulator technology can beat California Governor Schwarzenegger's strict emission reduction targets by an outstanding 47% for NOx, because ADCS tests of its technology revealed a 97% reduction in the largest contributor to smog (NOx). ADCS has 6.25 million share outstanding fully diluted; the float is 400,000 shares.
Amersin Life Sciences Corp.
Amersin Notifies Chinese Joint Venture That it Will Not be Providing Additional Funds
NEW YORK, Sept. 15, 2005 (PRIMEZONE) -- Amersin Life Science Corporation (OTCBB:AMLS) Chief Executive Officer, H.Y. (Reid) Li, announced that the company notified the minority partners in its Hubei Tongji Benda Ebei Pharmaceutical Co. Ltd. joint venture in Hubei Province China today, that it did not believe it would be in the best interest of its shareholders to advance additional funds to complete acquisition of its interest or to provide additional working capital. It is anticipated that discussions and negotiations will take place over the next several weeks which may lead to the company holding a minority position in the Joint Venture, selling its interest in the joint venture back to the vendors (a company controlled by the minority partners) or other outcome which is not yet determined. Additional information will be made available once a definitive agreement has been determined.