latest news releases from the newsroom
United Development International
United Development International Reaffirms Start of Diamond Purchase Program in Venezuela
LAS VEGAS, Feb. 14, 2005 (PRIMEZONE) -- United Development International (Pink Sheets:UDVE), reaffirms today it has funds in place to begin its rough diamond purchase program in Venezuela, South America. The company, along with its contracted buyer, is coordinating travel plans to Venezuela for no later than the beginning of March 2005 to initiate the first purchase with $300,000.00USD. The company is anticipating a 12 to 15 percent profit on this investment for every purchase. Also, at this time, the company will deliver all funds derived from each purchase back into this project to maximize profitability. The company is expecting to initiate a minimum of one purchase per month.
Diamant Art Corp.
Diamant Art Corporation Elects to File its Annual Report on Form 20-F
TORONTO, Feb. 13, 2005 (PRIMEZONE) -- Diamant Art Corporation, (Formerly Art International Corporation) (OTCBB:DIAAF) announced that, as of the end of its fiscal year on November 30, 2004, it was a "foreign private issuer" since it was organized under the laws of Ontario, Canada and approximately 80% of its outstanding voting securities are held of record by persons who are not residents of the United States. As a "foreign private issuer", the Company has elected to file its annual report on Form 20-F, which must be filed on or before May 31, 2005. Due to this transition, shareholders and other interested persons should be aware that the Company will not be filing an annual report on Form 10-K, which would have been filed on or before February 28, 2005. All future reports will be filed by the Company consistent with its status as a "foreign private issuer."
QLogic Executives to Present at Smith Barney Citigroup Small and Mid-Cap Conference, Feb. 16
ALISO VIEJO, Calif., Feb. 11, 2005 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks, today announced that H.K. Desai, chairman, CEO and president, and Tony Massetti, vice president and CFO, will deliver a company presentation at the Smith Barney Citigroup Small and Mid-Cap Conference, Wednesday, Feb. 16, at 10:45 a.m. PST, at the Four Seasons/Mandalay Bay, Las Vegas.
Torbay Holdings Inc.
Torbay Holdings, Inc: Secures Access to $1.65M Investment To Finance Its Expanding Operations
MINEOLA, N.Y., Feb. 11, 2005 (PRIMEZONE) -- Torbay Holdings, Inc. (OTCBB:TRBY) today announced that it had reached an agreement with The Nutmeg Group LLC, Chicago, IL, for a fixed price equity purchase program by way of a share subscription and fixed and incrementally priced warrants. Subject to certain qualifications, these funds can be called upon at TRBY's option and will provide access to $1,650,000 (less expenses) to fund marketing initiatives planned, manufacturing activities and further product development, both software and hardware, to include "Meridian(tm)" (project name) the company's introductory keyboard product that will help to optimize the geometry of both keyboard and computer mouse use.
Ademi & O'Reilly, LLP
Ademi & O'Reilly, LLP Files a Class Action Against Sierra Wireless, Inc. -- SWIR, SW
MILWAUKEE, Wis., Feb. 11, 2005 (PRIMEZONE) -- Ademi & O'Reilly, LLP (http://www.ademilaw.com/cases/SierraWireless.php) has filed a class action lawsuit on February 7, 2005 in the United States District Court, Southern District of New York, against Sierra Wireless, Inc. (Nasdaq:SWIR) (TSE:SW) (``Sierra'' or the ``Company'') and certain of its officers and directors, on behalf of purchasers of the common stock of Sierra during the period from January 28, 2004 to January 26, 2005, inclusive (the ``Class Period'').
JetBlue Airways Corporation
Photo Release -- JetBlue Turns Five; Takes Delivery of 71st Airbus A320
NEW YORK, Feb. 11, 2005 (PRIMEZONE) -- JetBlue Airways (Nasdaq:JBLU) today turned five. The airline commenced service at New York's John F. Kennedy International Airport on February 11, 2000, with a ceremonial flight to Buffalo, NY, and back before taking its first commercial flight to Fort Lauderdale, FL, later that day. Five years later, JetBlue is the largest airline at JFK and ranked as a "major" airline by the US Department of Transportation, having achieved annual revenues of more than a billion dollars.