latest news releases from the newsroom
Intelligent Systems Corporation
Intelligent Systems Completes Sale of QS Technologies Subsidiary
NORCROSS, Ga., Aug. 2, 2006 (PRIMEZONE) -- Intelligent Systems Corporation (AMEX:INS) today announced the sale of its QS Technologies, Inc. business to Netsmart Technologies, Inc. (Nasdaq:NTST) effective July 31, 2006. Intelligent Systems sold the QS Technologies' business and related assets for $1.9 million cash, a promissory note of $1.435 million and the assumption by Netsmart of approximately $1.8 million in net liabilities of QS. In addition, ISC retained accounts receivable and cash of QS Technologies aggregating approximately $2.0 million. The transaction also provides for potential additional payments to Intelligent Systems of up to $1.45 million in 2008, contingent upon the attainment of performance milestones by the QS business through 2007.
Universal Detection Technology
Universal Detection Technology Comments on Britain's New Security Alert System
LOS ANGELES, Aug. 2, 2006 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) (XETRA:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, commented on UK's new security alert system. Today, faced with growing criticism that it was failing to spell out the threat from groups such as Al-Qaeda, the government of the United Kingdom launched a new security alert system and ranked the terrorist threat as "severe." The system has five levels ranging from "low" to "critical" and is similar to the one used in the United States. "Severe" is the second highest level.
Orthopedics Today Article Emphasizes Evolution to Orthopedic Surgery Ushered in by the Dominion's 3D Real-Time Imaging
BURBANK, Calif., Aug. 2, 2006 (PRIMEZONE) -- Imaging3(tm), Inc. (OTCBB:IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, today reports that the company is featured in an article in the August issue of well-known trade publication, Orthopedics Today. The article emphasized Imaging3's innovative technology, The Dominion(tm), and its potential to change the way orthopedic surgery is performed.
Christian Arabs Announce Press Conference Regarding Recent Crisis in the Middle East
DETROIT, Aug. 2, 2006 (PRIMEZONE) -- A group of Christian Arabs from the greater Detroit Arab American community is calling a press conference to express its outrage and address the horrific events and injustices in Lebanon, Palestine and Iraq. The press conference will take place at the Marriott Courtyard, Downtown Detroit (at the Millender Center), 333 East Jefferson Avenue, Detroit, MI, 48226, on Wednesday, August 2, 2006 at 5:00pm.