latest news releases from the newsroom
Energy Vision International
Modern Technology Corp. Announces Appointment of Vice President as Expansion Plans Continue
OXFORD, Miss., March 3, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a business development and acquisition company, announced today that its majority-owned portfolio company, Sound City, has appointed Stephen Faudman Vice President. Mr. Faudman is an industry veteran having held recently both Vice President and Director of Merchandising for five years at Karl's Appliance, a retail appliance and electronic store with 7 locations in the New Jersey market. Mr. Faudman was responsible for significant sales volume increases at Karl's for four consecutive years. Mr. Faudman will focus on strategic business planning, growth management, and profit analysis. Sound City is preparing for rapid expansion in 2005 and revenues from operations and planned retail acquisitions are expected to generate in excess of $25 Million. This estimate does not include revenues from MOTG's other planned acquisitions through out 2005, expected to be in excess of $50 Million.
Globetech Ventures Corporation
Globetech Options Molybdenum Property in British Columbia
VANCOUVER, British Columbia, March 3, 2005 (PRIMEZONE) -- Globetech Ventures Corp. (the "Company") (OTCBB:GTVCF) announces that the Company has entered into an option agreement whereby the Company can earn a 100% interest in the Gladys Lake porphyry molybdenum property from Mr. John Peter Ross of Whitehorse, Yukon. The Gladys Lake property is situated in northwestern British Columbia approximately 50 km northeast of Atlin and 15 km north of the Adanac molybdenum deposit presently undergoing final engineering studies and permitting.
Creative Gaming, Inc.
Creative Gaming Announces Cooperative Distribution and Marketing Alliance with NEUTEQ
EDISON, N.J., March 3, 2005 (PRIMEZONE) -- Creative Gaming Inc. (Pink Sheets:CLPI) today announced that through its wholly owned Z'Lektra Group, Inc ("Z'Lektra"), CLPI has entered into a Cooperative Distribution and Marketing Alliance (the "Agreement") with NEUTEQ, Inc. ("NEUTEQ") a privately held, Pennsylvania based company. NEUTEQ is involved in the wholesale and retail sales and marketing of The Load Hog(tm) (the "Device"). Load Hog(tm) turns ordinary pickup trucks into dump trucks. Installed between the bed and frame of a pickup truck, this pneumatic mechanism weighs only 120 pounds, is invisible when not in use, is maintenance free, and avoids the environmental threats and complexity associated with current hydraulic applications. The dump truck conversion kit can be installed by either the individual truck owner or an installing distributor. NEUTEQ is also engaged in developing several products with market potential of over $1 billion based on its existing patents.