latest news releases from the newsroom
Partsearch Technologies Launches OPM Solution For R.C. Willey
NEW YORK, Nov. 3, 2005 (PRIMEZONE) -- Partsearch Technologies, a leading provider of Outsourced Parts Management (OPM) solutions for consumer electronic retailers, manufacturers and service companies, today announced the launch of its 16th client, R.C. Willey, the largest home furnishings retailer west of the Mississippi. Partsearch's RetailPOINT solution will allow Salt Lake City-based R.C. Willey to offer customers over 7.2 million consumer replaceable parts and accessories for their electronics, computers, appliances and wireless devices.
Sunterra Corporation Announces Sale Of Loans
LAS VEGAS, Nov. 3, 2005 (PRIMEZONE) -- Sunterra Corporation (Nasdaq:SNRR) announced today that it sold a $35 million portfolio of consumer receivables to Merrill Lynch Mortgage Lending, Inc. The transaction, which closed on October 31, 2005, resulted in a gain of approximately $3 million for Sunterra.
Sun New Media Inc.
Sun New Media Adjusts Acquisition of Key Assets from Sun Business Network
DIAMOND BAR, Calif., Nov. 3, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced plans to acquire the Sun Global Marketing Network ("SGMN"), formerly known as Asia Media PL, and other key media assets from Sun Business Network ("SBN"). The announcement reflects a major adjustment in the terms of a previously announced transaction between SBN and SNMI and replaces all previous agreements. Under the new terms, SNMI will receive exclusive sales and marketing rights to SGMN's portfolio of key business and lifestyle media assets and exclusive use of SGMN's global marketing network, significantly strengthening SNMI's position as the leading b2b interactive marketing services company in China.
Mentor Graphics Corporation
China Telecom Leader ZTE, Ltd. Chooses XtremePCB from Mentor Graphics to Optimize Team Design
WILSONVILLE, Ore., Nov. 3, 2005 (PRIMEZONE) -- Mentor Graphics Corporation (Nasdaq:MENT), the market and technology leader in printed circuit board (PCB) design solutions, today announced that ZTE, Ltd., the largest listed communication device maker and national wireless supplier in China, has purchased XtremePCB. This product, available as part of Mentor's Expedition Enterprise flow, helps facilitate a team design environment, allowing multiple members of a PCB design team to work simultaneously on a design from a single database on a global network, whether they are in the same office or dispersed all over the world. This team design environment significantly reduces ZTE's design cycle time to meet today's accelerated time-to-market demands.
LXE Awarded Mobile Star Award for Superior Customer Service for the Fourth Consecutive Year
ATLANTA, Nov. 3, 2005 (PRIMEZONE) -- LXE Inc., a leading manufacturer of rugged wireless computers that improve the performance of supply-chain execution applications, today announced that it has once again received the Mobile Star Award(tm) from MobileVillage(r) for the best customer service in the mobile hardware category. This is the fourth year in a row that LXE has won the prestigious award.
Kachina Gold Corporation
Kachina Gold Corporation at Forefront of Industry Expansion as Gold Prices Reach 17-Year Highs in New Gold Rush
TOPEKA, Kansas, Nov. 3, 2005 (PRIMEZONE) -- Kachina Gold Corporation (Pink Sheets:KCHG), an emerging junior gold exploration and production company, citing recent news from Bloomberg, has learned that gold prices, currently trading just off seventeen year highs at more than $460 per ounce on the spot market, are likely to increase dramatically over the near-term period. Over the past year, gold prices have increased more than 10.3%, with uncertainty over economic and political conditions and increased demand from developing nations acting as price catalysts. A recent Bloomberg survey showed that thirty-four of 49 gold traders, investors and analysts, were advising purchase of gold, the highest level since June of 1988. Further, the production outlook for gold continues to be one of decline, with mining output only slightly up from 2004's level of 2,464 tons.
Smart-tek Solutions Inc.
Smart-tek and Chinese Officials Assess Bird Flu Containment
CORTE MADERA, Calif., Nov. 3, 2005 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that its Chairman and CEO, Donald Gee, is to meet with Chinese officials in China to assess the use of Smart-tek Solutions, Inc. technology to help monitor and contain the spread of the deadly H5N1 virus otherwise know as the Bird Flu Virus or the Avian Flu Virus.
ALCO Stores, Inc.
Duckwall-ALCO Stores Reports October Sales Increase of 8.0 Percent
ABILENE, Kan., Nov. 3, 2005 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that its sales from continuing operations for the four weeks ended October 30, 2005 (fiscal month of October) increased approximately 8.0% to $32.2 million, compared with $29.8 million in the prior-year month and same-store sales increased 4.2%. The 20 stores previously announced as closing along with other stores where the decision has been made to close them are excluded from sales from continuing operations.