latest news releases from the newsroom
CDMA Development Group
CDMA2000 Operators Lead in Advanced Data in Latin America and the Caribbean
SAO PAULO, Brazil, May 30, 2006 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) reported today that 22 operators in 17 countries throughout Latin America and the Caribbean have deployed or are building CDMA2000(r) 1xEV-DO networks. Capitalizing on the high-speed data capabilities of 1xEV-DO technologies, operators have introduced a broad range of broadband data services to address diverse market needs, ranging from broadband access in underserved areas to the most advanced applications, such as live TV and 3D gaming, for the mobile customer. Operators are seeing a significant demand for 1xEV-DO services, with the subscriber base growing at 40% per quarter.
Chelsea Therapeutics Signs Exclusive Droxidopa License Agreement With Dainippon Sumitomo Pharma
CHARLOTTE, N.C., May 30, 2006 (PRIMEZONE) -- Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) has entered into an exclusive license agreement with Dainippon Sumitomo Pharma Co., Ltd. (DSP) for the global development and commercialization rights to L-Threo DOPS (L-DOPS or Droxidopa), excluding Japan, Korea, China and Taiwan. Droxidopa, a synthetic amino acid for the treatment of neurogenic orthostatic hypotension, currently generates annual revenue of approximately $50 million in Japan.
Quest for Digital Convergence May Trigger Next Tech Boom, According to PricewaterhouseCoopers
NEW YORK and LONDON, May 30, 2006 (PRIMEZONE) -- The pursuit of digital convergence, and the resulting "urge to merge," will likely bring about the next boom in the technology industry. Executives have learned from the last bubble and are approaching the current round of mergers and acquisitions more strategically, according to PricewaterhouseCoopers' "Technology Executive Connections" report, released today.
Marsh Supermarkets Inc.
Marsh Supermarkets Announces Receipt of Letters Concerning Possible Competing Acquisition Proposal
INDIANAPOLIS, May 30, 2006 (PRIMEZONE) -- Marsh Supermarkets, Inc. (Nasdaq:MARSA) (Nasdaq:MARSB) ("Marsh" or the "Company") today announced that it had received an unsolicited letter, dated May 22, 2006, from Drawbridge Special Opportunities Advisors LLC and Cardinal Paragon, Inc. ("Drawbridge/Cardinal") requesting that Marsh consent to Drawbridge/Cardinal making a proposal to acquire Marsh for $13.625 per share in cash, subject to completion of due diligence, and otherwise on substantially the same terms as the previously announced merger agreement with MSH Supermarkets Holding Corp. ("MSH"), an affiliate of Sun Capital Partners, Inc.
Micron Enviro Systems, Inc.
Micron Enviro Acquires Additional Drilling Rights On Alberta Prospect
VANCOUVER, British Columbia, May 30, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) (Frankfurt:NDD) ("Micron") is extremely pleased to announce that it has entered into an agreement to acquire drilling and production rights to other depths on the Boyne Lake Prospect in Alberta, Canada. Based on data collected throughout the drilling stage it was decided to purchase the rights for the land at other depths. At this time the operator has maintained that the well is still on tight hole status, therefore information regarding the testing results will not be released due to the confidentiality of the well at this time.
GoldSpring, Inc. Announces Plans to Bring Big Mike Copper Project Into Production
GOLD HILL, Nev., May 30, 2006 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) announced today that it has entered into a memorandum of understanding to sell the rights to mine the stockpiled copper bearing material at its Big Mike Copper Project in Pershing County, Nevada. The Big Mike Project consists of 17 unpatented lode claims covering 310 acres. The Big Mike Project had been mined twice before it was acquired by GoldSpring, but in both cases the project was shut down due to the then low world price of copper. Prior mining activities left behind stockpiles of oxide copper bearing ore, partially leached material on the pads and waste dumps. The Company entered into an agreement with Tormin Resources Limited, a Canadian corporation, to sell the stockpiled ore, the material on the leach pads and the copper in situ (in the open pit walls). GoldSpring will retain the rights for future exploration on the property.