latest news releases from the newsroom
Mayfair Mining and Minerals, Inc.
Mayfair Mining & Minerals, Inc. -- Corporate Update Zambia
NEW YORK, Dec. 23, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc., (OTCBB:MFMM) is pleased to report that the year 2005 has seen steady and positive progress on the Company's projects in Zambia. The company's local infrastructure is established, the economic viability of the Company's amethyst mines has been demonstrated, and the Funswe River gold project is entering its initial trial mining stage.
Federal Home Loan Bank of Des Moines
Federal Home Loan Bank of Des Moines Dividend Payment Approved
DES MOINES, Iowa, Dec. 23, 2005 (PRIMEZONE) -- The Federal Home Loan Bank of Des Moines announced today that it has declared a cash dividend of 2.80 percent per annum for the three month period that ended November 30, 2005. The dividend will be credited to members' demand accounts effective with the close of business on December 28, 2005. For members who are not eAdvantage customers, the specific amount of the payment will be reflected on an Advice of Credit that will be mailed.
Lars Thunell Leaving Statoil Board
OSLO, Norway, Dec. 23, 2005 (PRIMEZONE) -- Lars Thunell is to withdraw from Statoil's (OSE:STL) (NYSE:STO) board of directors with effect from 1 January. He is taking up a new position with the World Bank which means that he will be unable to maintain his directorship.
SimpleTech Acts to Reduce Future Non-Cash Expense Prior to Adoption of FASB Statement No. 123(R)
SANTA ANA, Calif., Dec. 22, 2005 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, manufacturer and marketer of custom and open-standard memory and storage solutions based on Flash memory, DRAM and hard disk drive technologies, today announced that its Board of Directors approved the accelerated vesting of all currently outstanding unvested stock options previously awarded to employees, consultants, officers and directors as of December 19, 2005. The purpose of the accelerated vesting of unvested stock options is to enable the company to reduce compensation expense associated with these options in future periods upon the company's adoption of FASB Statement No. 123(R) ("Share-Based Payment") on January 1, 2006. SimpleTech took the action based on the belief that it is in the best interests of its shareholders to reduce compensation expense related to the stock options in future periods.