latest news releases from the newsroom
Harsco Agrees To Sell $150 Million In Notes; Action Will Reduce Company's Financing Costs
HARRISBURG, Pa., Sept. 8, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE: HSC) announced today that it has agreed to sell a new issue of senior notes in the aggregate principal amount of $150 million. The notes are being issued at 99.713%, will bear interest of 5.125% and will mature on September 15, 2013. The notes are being offered to the public in a firm-commitment underwritten offering. The managing underwriters of the offering are Citigroup Global Markets, J.P. Morgan Securities, The Royal Bank of Scotland, SunTrust Capital Markets, and Wachovia Capital Markets. The offering is expected to close on September 12, 2003.
Communications Research, Inc.
Communications Research, Inc. Announces It Has Begun Soliciting Software Proposals
MAHWAH, N.J., Sept. 8, 2003 (PRIMEZONE) -- Communications Research, Inc. (Pink Sheets:CRHI) announced today they are in the process of soliciting proposals from third party software developers to rejuvenate their Tele-WRITER Corporation's Tele-WRITER-AGS (Advanced Graphic System) for development of an updated version of system software. At its peak, Tele-WRITER-AGS was generating annual revenues of approximately $10,000,000 and had over 2,000 users. The Company anticipates being able to re-capture a good number of those users and attract new clients with an updated version of the software.
Gallant Minerals Ltd.
Gallant Minerals Expands Exploration Through Drilling and New Ventures in Mongolia
HAMILTON, Bermuda, Sept. 8, 2003 (PRIMEZONE) -- Gallant Minerals Ltd. (Bermuda) is pleased to announce completion of aggressive drilling programs at three projects in Mongolia and one in Peru, and the establishment of two new venture agreements in Mongolia. Gallant Minerals and WMC Resources Ltd. (Australia) also renewed their initial Mongolia Joint Venture agreement and are now active in the second year of that program. Under the Mongolia Joint Venture, WMC and Gallant are jointly exploring 22 exploration licenses, with a focus on porphyry systems, within a specified area of interest.
SunnComm Technologies, Inc.
SunnComm's MediaMax CD3(tm) Technology Allows CD Buyers to Copy and Share Music Legally
PHOENIX, Sept. 8, 2003 (PRIMEZONE) -- SunnComm Technologies, Inc. (Pink Sheets:STEH) CEO, Peter H. Jacobs says, "It's no longer necessary for music lovers to violate artist, publisher, and record company copyrights in order make additional personal copies of music tracks on the CDs they buy. Records labels choosing to utilize SunnComm's MediaMax CD3 technology can now set the number of times a consumer may copy a particular song on a purchased CD. Now, music buyers can send selected tracks of their favorite music to friends along with licensing which permits those friends to play the music for a limited period of time or a specified number of plays."
BuyServices Provides Web Services and Extends Product Offerings for `The Campus Hub'
ALISO VIEJO, Calif., Sept. 8, 2003 (PRIMEZONE) -- BuyServices Inc., a wholly-owned subsidiary of Buy.com, announced today that it will provide web services for The Campus Hub, the nation's only totally integrated e-commerce solution serving hundreds of college bookstores and millions of college students. BuyServices will extend The Campus Hub's product offering through a series of back-end web interfaces built upon Microsoft.NET Enterprise Servers and Microsoft VisualStudio.NET.