latest news releases from the newsroom
Energy Vision International
Modern Technology Corp. Portfolio Company Sound City Unveils New Store Concept
OXFORD, Miss., March 4, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a business development and acquisition company, announced today that its majority-owned portfolio company, Sound City, has unveiled its new concept store: "The TV Warehouse" opening in the New Jersey market soon. This new store chain represents the continuing and rapid expansion plans for 2005. Growth in revenues from operations and planned retail acquisitions are expected to generate in excess of $25 Million. This revenue estimate does not include revenues from MOTG's other planned acquisitions throughout 2005, expected to be in excess of $50 Million.
Spectrum Sciences & Software Holdings Corp.
Spectrum Sciences & Software Completes Acquisition of Coast Engine and Equipment Company, Inc. (CEECO)
FORT WALTON BEACH, Fla., March 4, 2005 (PRIMEZONE) -- Spectrum Sciences & Software Holdings Corp. (OTCBB:SPSC), highly focused on homeland security through the provision of full-service, quality solutions to complex and diverse government initiatives, announced today the completion of the acquisition of Coast Engine and Equipment Company, Inc. (CEECO), a Florida based company. CEECO is a profitable operation, which provides a diversified array of ship repair, metal fabrication, and design services to both commercial and governmental clients. William Ham, President and CEO, stated, "We will expand current CEECO operations, use the facility to accommodate existing and future Spectrum projects and, thanks to the strategic Cape Canaveral location, be better positioned to pursue more contracts." Ham continued, "This acquisition is a positive step for Spectrum, as we continue to execute our stated business objectives. It was important to us to keep management in place and that was accomplished. We will enhance and aggressively expand on what CEECO has already accomplished, with clients such as the U.S. Navy, Disney Cruise Lines, the U.S. Coast Guard and Rinker Cement. Our objectives of providing unique services and products, while delivering unparalleled quality, service and value, will be furthered by this acquisition."
Scott + Scott, Which Previously Announced on February 22 an Investigation Into Choicepoint Inc., Announces Additional Information
COLCHESTER, Conn., March 4, 2005 (PRIMEZONE) -- Scott + Scott, LLC, which has filed a securities class action against Taser International, which entered into a contract for services with ChoicePoint Inc. (NYSE:CPS) on behalf of client shareholders, is investigating possible securities fraud by ChoicePoint Inc. (NYSE:CPS) which provides services for the stun gun manufacturer. ChoicePoint is a provider of identification and credential verification services. The Company maintains databases that contain 19 billion public records, including driving records, FBI lists, Social Security numbers and more which it then sells to entities that need conduct background checks on individuals. There is no link at this time that Taser had any role in the ChoicePoint matter.
Martin Nutraceuticals Inc.
Martin Nutraceutical Inc. Provides Conclusive Results of Joint Therapy Formula
RENO, Nev., March 4, 2005 (PRIMEZONE) -- Martin Nutraceutical Inc. (Pink Sheets:MTNU) today commented on a recent report from the National Institute of Arthritis and Musculoskeletal and Skin Diseases, which reported that one in seven Americans suffer from some sort of Arthritic pain. It is estimated that over 40% of North Americans suffer from severe disabling of the joints or muscle pain that severely affects their quality of life.
Rush Financial Technologies, Inc.
RushTrade Group Reports February Customer Accounts Up 62%
DALLAS, March 4, 2005 (PRIMEZONE) -- Rush Financial Technologies, Inc., dba RushTrade(r) Group (OTCBB:RSHF), announces its trade volume report for the month of February 2005. RushTrade Securities, Inc., the Company's broker/dealer subsidiary, reports continued growth in Customer Accounts, Trade Volume and Customer Account Assets.
Market Pulse Announces its Stocks to Watch List for Friday, March 4, 2005: NWWV, BCON, EBAY, JNJ
ATLANTA, March 4, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, NeWave, Inc. (OTCBB:NWWV), to the investment community! NeWave, Inc. is new to Market Pulse and is poised to become a significant player in the eCommerce industry! NWWV had excellent news out after the bell Thursday regarding partnering with Payment Data Systems in attempt to recover unrealized revenue! This could be great news for investors! Other notable stocks that look great lately from a fundamental and technical perspective include: