latest news releases from the newsroom
Stratus Services Group, Inc.
Stratus Services Group, Inc. Gives Update On Creditor Situation
MANALAPAN, N.J., June 6, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today announced that they continue to get increasing pressure from creditors on the old debt. The Company's resources are limited to work out satisfactory settlements with its creditors. Stratus has negotiated or is in the process of re-negotiating a certain portion of its debt to remain solvent. Joseph J. Raymond, CEO commented, "At this point, we continue to battle past creditor and debt issues, which ultimately could eventually force us into a strategic bankruptcy filing down the road. However, if our creditors can realistically assess our current assets, they will realize that staying the course with the Company makes most sense for all parties involved. For all intents and purposes, the Company has been insolvent for quite some time, and most of our current issues relate to our old business model. Creditors need to allow the Company a chance to flourish again, which will in turn strengthen their assets."
Yukon Gold Corporation, Inc.
Yukon Gold Corporation, Inc. Announces Program to Expand Its Current Resource at Its VMS Deposit in the Yukon
TORONTO, June 6, 2006 (PRIMEZONE) -- Yukon Gold Corporation, Inc. ("Yukon Gold"), (TSX:YK) (OTCBB:YGDC) is pleased to announce an extensive diamond drill program on its 100% owned Marg Property, a VMS Deposit will commence in mid June. This program is primarily designed to increase tonnage and upgrade a significant portion of the Inferred Resource to the Indicated Resource category. To date, 87 diamond drill holes totaling 24,500 metres have outlined four (4) polymetallic massive sulphide horizons in a 100 metre thick quartz-sericite structure. In addition, geophysical surveys and follow-up exploration on other property showings are planned.
ATA Airlines, Inc.
ATA Reports May Scheduled Service Traffic
INDIANAPOLIS, June 6, 2006 (PRIMEZONE) -- ATA Airlines today reported that May scheduled service passenger load factor increased 10.1 points to 75.9% representing a 15 percent increase over 2005. ATA enplaned a total of 210,981 passengers in May. Scheduled service traffic decreased 37.2 percent from 2005 to 319.8 million RPMs (revenue passenger miles). Capacity decreased 45.5 percent compared to 2005 to 421.4 million ASMs (available seat miles).
Vengroff, Williams & Associates, Inc.
Vengroff, Williams and Associates and Avolent Partner to Offer First Electronic Invoice Presentment and Payment Technology Integrated Within the Business Process Outsourcing Model
GARDEN GROVE and SAN FRANCISCO, Calif., June 6, 2006 (PRIMEZONE) -- Vengroff, Williams and Associates (VWA), Inc., a global provider of finance and accounting (F&A) business process outsourcing (BPO) solutions, and Avolent, the leader in interactive, self-service electronic billing and payment software, today announced availability of the first-ever Web-based electronic invoice presentment and payment (EIPP) service offering to be integrated with the business process outsourcing model: Conveyance EIPP.
Amelot Holdings, Inc.
Amelot Holdings Inc. Applies for ASTM D6751 Certification
CHEYENNE, Wyo., June 6, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the Company's subsidiary, Amelot Alternative Energy, Inc., has applied for ASTM D6751 Certification for its Bio-Diesel fuel. A sample from the test batch that was produced at the suppliers facility has been shipped to National Tribology Services in Minden, Nevada. Test results are expected to take up to 10 business days.
Buy Rating for Exxon-Mobil From DonHarrold.net
SHREVEPORT, La., June 6, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Exxon Mobil Corporation (NYSE:XOM), Goldcorp Inc. (NYSE:GG), PMC-Sierra Inc. (Nasdaq:PMCS), and Schering-Plough Corp. (NYSE:SGP).
Shearson Financial Network, Inc.
Shearson Announces Acquisition of Real Property Technologies Corp.
LAS VEGAS, June 6, 2006 (PRIMEZONE) -- Shearson Financial Network, Inc. (OTCBB:CSUA), a consolidator in the highly fragmented mortgage brokerage marketplace, announced today that it reached an agreement to acquire Real Property Technologies Corp. (RPT). Under the agreement, Shearson will issue to RPT's shareholders shares of Series A-1 Convertible Preferred stock of Shearson valued at forty million dollars.
Buy Rating for Qualcomm From DonHarrold.net
SHREVEPORT, La., June 6, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No.119079, http://www.donharrold.net), rates Qualcomm Inc. (Nasdaq:QCOM), Newmont Mining Corp. (NYSE:NEM), Dynegy Inc. (NYSE:DYN), and Lehman Brothers Holdings Inc. (NYSE:LEH).