latest news releases from the newsroom
Minds-Eye-View, Inc. Prevails Against Preliminary Injunction
COHOES, N.Y., July 30, 2003 (PRIMEZONE) -- Minds-Eye-View, Inc. (MEV), the pioneer in interactive spherical imaging, widely used on the Internet, announced today that Internet Pictures Corporation (Nasdaq:IPIX) of Knoxville, Tennessee has withdrawn its motion for preliminary injunction. Ford Oxaal, MEV's president, commented, "iPIX's motion for preliminary injunction was the reason we filed our extensive defense right up front. Now that the immediate threat has been removed, we can continue forward with our plans to enhance spherical photography as it is used now by the real estate, travel and tourism industries, as well as expand into industries that we feel may have been overlooked."
Paramco Financial Group, Inc.
Paramco Retains IR Counsel to Expand Investor Awareness
DENVER, July 30, 2003 (primezone) -- Paramco Financial Group, Inc. (OTCBB:PDFE), a financial services holding company, announced today that it has retained FOCUS Partners LLC of New York City, a leading financial communications company, to act as investor relations consultants. FOCUS will work to increase the awareness of Paramco's corporate focus and growth strategy.
Midwest Acquirers Association
Midwest Acquirers Association Holds First Annual Event
CHICAGO, July 30, 2003 (PRIMEZONE) -- The Midwest Acquirers Association (MWAA), a non-profit, independent forum formed to provide information on business trends and technology to the local Midwest acquiring community, today announced plans for its first annual event to be held at the Allegro Hotel in Chicago, Illinois. The event, which is comprised of a two-day conference providing a regional opportunity for training, education and networking for the Independent Sales Organization (ISO) and Merchant Service Provider (MSP) community, is expected to draw over 300 payment experts.
Medivir licenses MIV-150 to Population Council
HUDDINGE, Sweden, July 30, 2003 (PRIMEZONE) -- MIV-150 has been outlicensed to Population Council in New York for usein a microbicide intended to prevent HIV transmission. The PopulationCouncil has previously developed Carraguard, a vaginal formulation(microbicide) which is now in clinical evaluation among women in Africawith the hope that it will decrease the risk of HIV infection andprevent other sexually transmitted diseases. Laboratory experimentsindicate that the addition of MIV-150 to this vaginal formulation couldsubstantially increase the efficacy of the formulation in preventing HIVtransmission.
Telelogic Closes US$784,000 Deal with Major US-Based Healthcare Services Firm
MALMO, Sweden and IRVINE, Calif., July 30, 2003 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG) (Other OTC:TGIAF), the leading global provider of solutions for advanced systems and software development, today signed a one-year license agreement with a major US-based health services firm who has purchased US$784,000 of products and services.
Eastmain Resources Inc.
Eastmain Eliminates Back-In Option at Clearwater; $1 Million Drilling & Trenching Program Underway
TORONTO, Ontario, July 30, 2003 (PRIMEZONE) -- Eastmain Resources Inc. (TSX:ER) is pleased to announce that SOQUEM has waived its back-in right to Clearwater in exchange for 1 million common shares of the Corporation. In March 2002, Eastmain and SOQUEM entered into a Memorandum of Understanding (MOU) defining terms enabling the Corporation to acquire a 75% interest in the Clearwater Project. Under the terms of the MOU, SOQUEM granted Eastmain the option to earn an additional 25% interest in the Property in exchange for $2.5 Million in work expenditures over a four-year period. Upon Eastmain exercising its option, SOQUEM held a one-time, 60-day, back-in right to earn 25% interest in the Property for $3.0 Million in work expenditures over a five-year period.