latest news releases from the newsroom
DirectView Signs IP Videophone Deal with Newport International Group
BOCA RATON, Fla., Feb. 7, 2005 (PRIMEZONE) -- DirectView, Inc. (OTCBB:DRVW), a full-service provider of high-quality, cost efficient videoconferencing technologies and services, has announced they have signed a distribution agreement with Newport International Group (OTCBB:NWPO), enabling Newport to distribute DirectView's IP videophone and related technology as an add-on to its Grassroots Communications subsidiary line of products. Newport intends to offer DirectView's videophone with their soon to be launched Conga communications and conferencing tool, whereby customers can conduct VoIP calls and video-enabled teleconferences via computer or IP phone equipment. While specific pricing terms on equipment were not disclosed, DirectView will offer scaling pricing discounts for unit sales between 2,000 and 10,000 units.
Irwin Energy Inc.
Irwin Energy Inc. Announces Receipt of License for Sylvan Lake Drill Project
VANCOUVER, British Columbia, Feb. 7, 2005 (PRIMEZONE) -- Irwin Energy Inc (Pink Sheets:IWNN) is pleased to announce that its' joint venture partners Energy 51 Inc. and Montana Oil and Gas, Inc., have been issued a well license from the AEUB (Alberta Energy and Utility Board). Irwin Energy Inc., along with its joint venture partners, intends to drill the first of several potential wells in the Sylvan Lake immediate area. Irwin Energy Inc. will participate in a minimum 4 well program at a site called Sylvan Lake, located west of Red Deer, Alberta. Irwin Energy Inc.'s participation cost in this first well, to be drilled as soon as a drilling rig becomes available, has been fully funded (the company anticipates this drilling to start in the next few days). It is a 7,200-foot Peskisko Sand test that is prospective for oil and in upper pay zone "Shunda" for gas. Each development well has probable production of minimum 150 barrels of oil per day and 750,000 cubic feet gas per day with potential reserves in excess of 1 billion cubic feet gas and 300,000 barrels oil. There are five prospective pay zones; the average well in the Sylvan Lake Field has produced 500 barrels of oil per day with over one million cubic feet gas per day. President J.R. Gaetz stated, "The opportunity to drill in the Sylvan Lake area is a major occasion for our junior energy company, some of the largest oil companies in the world produce in Slyan Lake, it has been described as one of the most prolific areas in all of North America for oil and gas since the 1950's."
Novartis Obtains Rights from Otsuka to Develop New Treatment for Dry Eye
BASEL, Switzerland, Feb. 7, 2005 (PRIMEZONE) -- Novartis announced today that it has in-licensed rebamipide, an investigational treatment for dry eye, from Otsuka Pharmaceutical Company, Ltd. Currently being tested in two Phase III studies in the U.S., rebamipide is expected to demonstrate a novel mechanism of action to enhance tear secretion and increase the levels of mucin covering the conjunctiva and cornea of the eye.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Certain Officers and Directors of Tower Automotive, Inc. -- TWR
BALTIMORE, Feb. 6, 2005 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Tower Automotive, Inc. (NYSE:TWR) between February 14, 2003 and January 21, 2005, inclusive (the "Class Period").
Emerson Poynter LLP
Emerson Poynter LLP Files Class Action Suit against 51job Inc. On Behalf of Investors -- JOBS
LITTLE ROCK, Ark., Feb. 4, 2005 (PRIMEZONE) -- Emerson Poynter LLP (www.emersonpoynter.com), a national law firm with offices in Houston, Little Rock and Seattle, announced today that it has filed in the United States District Court for the Southern District of New York on behalf of purchasers of 51job, Inc. ("51job" or the "Company") (Nasdaq:JOBS) between November 4, 2004 and January 14, 2005, inclusive, (the "Class Period") seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").