latest news releases from the newsroom
Ideation Acquisition Corp.
Ideation Acquisition Corp. Signs Definitive Agreement to Acquire SearchMedia International Limited
LOS ANGELES, April 1, 2009 (GLOBE NEWSWIRE) -- Ideation Acquisition Corp. ("Ideation" or the "Company") (NYSE AMEX:IDI) and SearchMedia International Limited ("SearchMedia") announced today that they have entered into an agreement and plan of merger, conversion and share exchange ("Share Exchange Agreement"). Pursuant to the Share Exchange Agreement, following receipt of stockholder approval by Ideation, Ideation will complete a corporate reorganization that will result in a redomestication of Ideation into a Cayman Islands exempted company ("Ideation Cayman"), after which the holders of SearchMedia's shares, warrants, options and restricted shares will exchange the outstanding securities of SearchMedia held by them for ordinary shares, warrants, options and restricted shares, respectively, of Ideation Cayman.
Fundtech Survey Finds Almost 40% of Small- to Mid-Size U.S. Banks Not Happy With Current ACH System
JERSEY CITY, N.J., April 1, 2009 (GLOBE NEWSWIRE) -- Forty percent of small- to mid-size banks in North America are not happy with their current ACH system according to a survey by Fundtech Ltd. (Nasdaq:FNDT), a market leader in global transaction banking solutions, released today. In the survey of 70 payments professionals, the respondents cite inadequate reporting (50%) and insufficient automation (27%) as the two main areas for improvement.
China Forestry Inc.
China Forestry Inc. CEO Updates Market On Revised Business Model
HARBIN, China, April 1, 2009 (GLOBE NEWSWIRE) -- China Forestry Inc. (OTCBB:CHFY), a timber investment group in the People's Republic of China, which recently announced a letter of intent to acquire forest in southwestern China and its intent to supply landscape plants and trees to large scale urban development projects within that region, today provided the market with additional insight into its revised business model by its CEO, Mr. Yuan Tian.
CDMA Development Group
CDMA Roadmap Offers Enhancements to CDMA2000 1X and EV-DO and a Path to OFDM-Based Technologies
LAS VEGAS, April 1, 2009 (GLOBE NEWSWIRE) -- The CDMA Development Group (CDG) is holding a workshop today at the CTIA Wireless 2009 conference that will outline the long-term CDMA2000(r) technology roadmap, which includes enhancements to CDMA2000 1X and 1xEV-DO technologies as well as LTE and Mobile WiMAX. CDMA operators can extend the value of their current investments with the enhanced CDMA2000 roadmap, which increases 1X voice capacity and EV-DO performance by leveraging existing devices and network assets. The roadmap also provides for seamless interoperability of wider-bandwidth OFDM-based technologies with CDMA2000, enabling CDMA operators to implement LTE and Mobile WiMAX in their networks.
Dow Jones Indexes
Dow Jones Indexes Introduces Total Stock Market Index Family
NEW YORK, April 1, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the introduction of the Dow Jones Total Stock Market Indexes, which will serve as its primary global benchmark family. The new index series is the successor to the Dow Jones Wilshire Index family.