latest news releases from the newsroom
Timberline Resources Corporation
Timberline Signs Letter of Intent to Acquire Kettle Drilling Company
SPOKANE, Wash., Dec. 19, 2005 (PRIMEZONE) -- Timberline Resources Corporation (Pink Sheets:TBLC) announced today that it has signed a Letter of Intent ("LOI") to acquire Kettle Drilling, Inc. ("Kettle") of Coeur d'Alene, Idaho. Kettle is a closely-held company that provides drilling services to the mining and mineral exploration industries, combining state of the art equipment, world-class technical expertise, innovative thinking, and an impeccable safety record to support leading mining companies across North America and worldwide. Kettle has recorded over $5 million in revenue for 2005 and has been profitable every year since its inception in 1996.
Solomon Technologies, Inc.
Solomon Signs Letter of Intent To Acquire Technipower
TARPON SPRINGS, Fla., Dec. 19, 2005 (PRIMEZONE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has signed a letter of intent to acquire Technipower LLC, a Danbury, Connecticut-based manufacturer of power supplies and related equipment for the defense, aerospace and commercial sectors. Technipower provides high value-added, precision, direct current power supplies and power supply systems for applications where high reliability and ruggedness are critical. Technipower's expertise in magnetics, high density circuit design and systems engineering are well established.
Identity Theft Victim Sues for Credit Repair Violations
NEW YORK, Dec. 19, 2005 (PRIMEZONE) -- A lawsuit has been filed in federal court in Connecticut against a Florida account servicer for alleged violations of the Credit Repair Organizations Act. The lawsuit alleges that the servicer, Superior Asset Management of Clearwater, Florida, failed to delete the T-Mobile cellular phone account from the plaintiff's credit report as promised. The plaintiff, a victim of identity theft, alleges that she never had a T-Mobile account, but the servicer solicited a payment from her in exchange for the deletion of the account, which she needed for a loan refinancing. The lawsuit alleges that Superior Asset kept the plaintiff's payment but failed to correct the credit report as promised. The lawsuit seeks compensatory, statutory and punitive damages. The suit was filed by Robert B. Clark of Clark Law Offices in Trumbull, Connecticut.
Medeco Security Locks, Inc.
Guide to Developing Key Control Policies Now Available from Medeco
SALEM, Va., Dec. 19, 2005 (PRIMEZONE) -- To help businesses more securely manage keys to their facilities, Medeco Security Locks today announced the availability of the Guide to Developing and Managing Key Control Policies and Procedures. The new guide serves to enhance safety and security for businesses through the development of formal policies on the distribution and duplication of keys to ensure proper access control.
Old National Bancorp
State and Local Officials, Community Leaders and Old National Bank Executives Participate in Official Ribbon-Cutting Ceremony for New Mt. Vernon License Branch
EVANSVILLE, Ind., Dec. 19, 2005 (PRIMEZONE) -- On Tuesday, December 20, 2005, at 3:30 p.m., local and state government officials, business leaders, Old National Bank (NYSE:ONB) executives and community members will celebrate the grand opening of the new Mt. Vernon License Branch, located in the lower level of the Mt. Vernon Old National Bank Branch.
Grifco Begins Aggressive Stock Buy Back in the Open Market
HOUSTON, Dec. 19, 2005 (PRIMEZONE) -- Grifco International, Inc. (Pink Sheets:GFCI) and its board of directors have decided to embark on an aggressive initiative to create higher stock price for shareholders. The Board has approved up to 20,000,000 shares. Grifco has committed to buying an initial 1,000,000 (one million) shares of GFCI in the open market. This program will be effective immediately and will continue until the price of the company's stock, in management's opinion, reflects its true value based on a price-to-earnings ratio that would be normal and fair to the industry.