latest news releases from the newsroom
Metso to Supply Main Equipment for Nippon Paper's New Papermaking Line in Japan
HELSINKI, Finland, May 10, 2006 (PRIMEZONE) -- Metso Paper will supply most of the technology for Nippon Paper Industries' new 350,000 tpy papermaking line to be built at its Ishinomaki mill in northeastern Honshu, Japan. The total value of the Metso order, which covers technology for papermaking, paper finishing, air systems and automation, exceeds EUR 80 million. The new production line is due to start up in late September 2007.
INFINITE Software Corporation
California Software Named in Orange County Top Public Companies List
LAGUNA NIGUEL, Calif., May 9, 2006 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in legacy extension, business intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning INFINITE product lines, announced it has been named to the Orange County Business Journal's Top Public Companies List for 2006.
Scott+Scott, LLC Files Class Action Lawsuit Against GlobeTel Communications Corp. on Behalf of Investors
COLCHESTER, Conn., May 9, 2006 (PRIMEZONE) -- On May 9, 2006, Scott+Scott, LLC filed a class action lawsuit in the U.S. District Court for the Southern District of Florida against GlobeTel Communications Corp. ("GlobeTel" or the "Company") (AMEX:GTE) and certain officers on behalf of GlobeTel securities purchasers during the period December 22, 2005 through April 11, 2006, inclusive (the "Class Period"), for securities law violations. GlobeTel provides an integrated suite of telecommunications services. The complaint alleges that during the Class Period defendants made false and misleading statements regarding the Company's $600 million deal with Moscow-based LLC Internafta to provide internet services in Russia. As a result, the Company's stock price was artificially inflated, thereby harming Class Period investors.
WW Energy Inc.
WW Energy's Oil and Gas Subsidiary Opens Second Office In Utah
FARMINGTON, N.M., May 9, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) is pleased to announce that it's oil and gas subsidiary, WW Oil and Gas Inc., has opened a second office in Fort Duchesne, Utah. The opening of its first office, located in Farmington, New Mexico, was announced earlier this month.