latest news releases from the newsroom
Kratos Defense & Security Solutions, Inc.
WFI Receives NASDAQ Staff Determination Notice Related to Delayed Form 10-K Filing for 2006; Appeal Hearing Requested
SAN DIEGO, March 28, 2007 (PRIME NEWSWIRE) -- WFI (Nasdaq:WFII) today announced that, as expected, it received a NASDAQ Staff Determination notice on March 22, 2007, indicating the Company is not in compliance with the NASDAQ requirements for continued listing, as set forth in Marketplace Rule 4310(c)(14), and its securities, therefore, are subject to delisting from the NASDAQ Stock Market. The Determination notice was received because the Company has not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2006. WFI has requested a hearing before the NASDAQ Listing Qualifications Panel to appeal the notice. The hearing request automatically stayed the delisting of WFI's common stock, and shares of WFI's common stock will continue trading on the NASDAQ, pending the outcome of the Panel's decision. There can be no assurance that the Panel will grant a request for continued listing.
Power Technology Inc.
Power Technology to Begin Manufacturing Maintenance Free, Absorbed Glass Matt Batteries Using Patented Electrodes
HOUSTON, March 28, 2007 (PRIME NEWSWIRE) -- Power Technology (OTCBB:PWTC) announced today that during the week of April 2, 2007, a commercial battery plant will begin manufacturing the company's Valve Regulated, Absorbed Glass Matt, Maintenance Free, Lead Acid batteries for customer evaluation and testing. Batteries will be delivered to Kung Long Batteries Industrial Co. Ltd., a publicly traded expert manufacturer of lead acid batteries and to Power Battery Co., a privately owned battery manufacturer which has major locations in Patterson, New Jersey, Iberville, Quebec, Canada, and Romsey, England. Kung Long's stock is listed on the Taiwan Stock Exchange under the symbol 1537.TW. In addition, batteries will be delivered to other independent manufacturers for evaluation and testing.
Wireless Xcessories Group
The Wireless Xcessories Group Announces Fourth Quarter and 2006 Year End Results and Conference Call
HUNTINGDON VALLEY, Pa., March 28, 2007 (PRIME NEWSWIRE) -- The Wireless Xcessories Group, Inc. (AMEX:XWG), a nationwide manufacturer and distributor of electronic and cellular accessories and creator of private labeled websites for affiliates, announced today fourth quarter and 2006 year end results for the period ended December 31. The Company reported fourth quarter revenue of $5,857,000, compared to $5,976,000 for the same period in fiscal 2005. Full year comparisons were revenue of $22,869,000 compared to $22,059,000 for fiscal 2005, an increase of approximately 4%.
PC Group, Inc.
Langer Reports Operating Results for the Fourth Quarter and Year Ended December 31, 2006
DEER PARK, N.Y., March 28, 2007 (PRIME NEWSWIRE) -- Langer, Inc. (Nasdaq:GAIT) today reported a net loss for the year ended December 31, 2006, of approximately $(4,853,000), or approximately $(.49) per share on a fully diluted basis, compared to net loss for the year ended December 31, 2005, of approximately $(4,557,000), or $(.63) per fully diluted share. For the three months ended December 31, 2006, net loss was approximately $(2,393,000), or $(.24) per fully diluted share, compared to net loss of approximately $(4,980,000), or $(.51) per fully diluted share for the three months ended December 31, 2005.
HS3 Technologies, Inc.
HS3 Technologies, Inc. Signs Letter of Intent with Wright-Hennepin Cooperative Electric Association and American Monitoring Services
DENVER, March 28, 2007 (PRIME NEWSWIRE) -- HS3 Technologies, Inc. (OTCBB:HSTH), a national provider of security solutions has signed a Letter of Intent with Wright-Hennepin Cooperative Electric Association, DBA W-H International Response Center (WHIRC) of Rockford, Minnesota and American Monitoring Services(AMS) of Denver, Colorado for WHIRC to distribute HS3's and AMS security products and services, which include remote video, virtual guard tours and biometric access control to WHIRC's national network of 250 dealers and 40,000 burglar and fire alarm customers.
Sparrowtech Resources, Inc.
Sparrowtech Announces Proposed Acquisition of Gold Producing Mine in Ecuador
TORONTO, March 28, 2007 (PRIME NEWSWIRE) -- Sparrowtech Resources, Inc. ("Sparrowtech") (Pink Sheets:SPMC) announced today that it has signed a Letter of Intent with Overseas Mining, S.A. ("Overseas"), a Panama Corporation, to acquire 80% of the mineral rights, mining interests, claims, equipment and other assets of Minera El Porvenir, S.A. ("Porvenir") in Southern Ecuador, subject to the completion of our due diligence process.
Scivanta Medical Corporation
Scivanta Medical Corporation Receives Final Payment Related to Settlement With the Syntho Group
SPRING LAKE, N.J., March 28, 2007 (PRIME NEWSWIRE) -- Scivanta Medical Corporation (Pink Sheets:SCVM) has received the final payment of $2,550,000 from Syntho Pharmaceuticals Inc. and its principal owner, Muhammed Malik (collectively, the "Syntho Group"), related to the settlement agreement entered into among Scivanta Medical Corporation, the Syntho Group and other related parties on November 22, 2006. The settlement agreement was entered into to resolve the litigation among these parties with respect to Scivanta Medical Corporation's exclusive right to distribute the hormone replacement therapy drug, Syntest. Pursuant to the settlement agreement, the Syntho Group agreed to pay the Company an aggregate of $3,100,000, of which $250,000 was paid in connection with the execution of the settlement agreement, $300,000 was paid during the three month period following the settlement agreement and $2,550,000 was paid on March 27, 2007.