latest news releases from the newsroom
Paragon Financial Corp
Paragon Financial Announces Termination of Merger Agreement with Shearson Home Loans
PONTE VEDRA BEACH, Fla., May 19, 2006 (PRIMEZONE) -- Paragon Financial Corporation (OTCBB:PGNF) announced today that it has agreed to terminate its merger with Shearson Home Loans, Inc., a wholly owned subsidiary of Consumer Direct of America, Inc. (OTCBB:CSUAE), effective May 15, 2006. Under the agreement, Paragon will recoup 149,558,791 shares of its common stock and 79 shares of its Series F Preferred Stock, and will pay Consumer Direct of America, Inc. approximately $21,000 in costs incurred by Consumer Direct of America, Inc. as a result of the unsuccessful transaction.
Quantum Energy, Inc.
Boomers Cultural Developments, Inc. Announces Acquisition of Assets of KOKO Petroleum, Inc.
VANCOUVER, British Columbia, May 19, 2006 (PRIMEZONE) -- Boomers Cultural Development, Inc. (OTCBB:BCDI) (hereinafter referred to as "Boomers") has entered into an Agreement dated the 19 day of May, 2006 with KOKO Petroleum, Inc. (hereinafter referred to as "KOKO"), a Nevada company which provides for:
Sports-Stuff Announces Sponsorship Deal With Online Gaming Giant BetCRIS
VANCOUVER, British Columbia, May 19, 2006 (PRIMEZONE) -- Sports-Stuff.com Inc. (Pink Sheets:SSUF) (Frankfurt:S5F), a publisher and distributor of SMS alerts, mobile web sites, ringtones and mobile video games for the sports and entertainment industry, announced today that BetCRIS will sponsor Sport-Stuff's real-time news and scoring alerts and make them available to their client base.
W2 Energy Inc.
W2 Energy Inc. Receives Off-Take Request for Organic Fertilizer Product
NEW YORK, May 19, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce it has received letters of request for off-take of our fertilizer product. The organic fertilizer which is a co-product produced in the W2 "GAT" reactor will be pelletized and sold in bulk for $US200 per ton. The 10,000 barrel per day plant produces approximately 255,000 tons of organic fertilizer per year, bringing an additional $51M in sales, combined with the diesel fuel at $204M and $55M in electricity generation, producing a yearly sales number of $310.5M per 10,000 bpd plant. Combined with the need to construct seven plants to satisfy production requests for the diesel product, W2 now has requests for product totaling $2.17B US.
MDwise to Expand Statewide to Serve Hoosier Healthwise Beneficiaries
INDIANAPOLIS, May 19, 2006 (PRIMEZONE) -- MDwise, an Indiana-based, provider-sponsored, not-for-profit managed care organization, announced its intent to bid on the State's Hoosier Healthwise Medicaid program as a statewide bidder, expanding far beyond its current service areas in central and northwest Indiana.