latest news releases from the newsroom
AuGRID to Launch Stock Buy Back in 2007
VINELAND, N.J., Dec. 19, 2006 (PRIME NEWSWIRE) -- To all public concerns, it is the very serious intention of AuGRID Global Holdings Corporation ("AGHC") (Pink Sheets:AUGC) to complete at least one of the aforementioned acquisitions in our previous press releases. What AuGRID has been very carefully planning is a stock buyback program to retire 4 billion shares during the first three quarters of 2007. Our strategy is simple. AGHC is in the process of acquiring firms that have revenues, history and profits. It is out of these revenues and profits that AGHC intends to acquire a portion of the float and retire the stock back to treasury. It is in the managements' analysis, and that of our advisors, that a float this size is counterproductive to the growth after a completed acquisition. The capitalization table should be reigned in through a stock buyback program.
Direct Pet Health Holdings
Direct Pet Health Signs Letter of Intent to Acquire First Pet Life, Inc.
DALLAS, Dec. 19, 2006 (PRIME NEWSWIRE) -- Direct Pet Health Holdings, Inc. (Pink Sheets:DPHG), today announced that it has entered into a Letter of Intent to acquire another Dallas-based pet industry service provider -- First Pet Life, Inc. (Pink Sheets:FPLF). The company said it would acquire substantially all the assets, tangible and intangible, of the seller, and that it has commenced due diligence that it expects will, on satisfactory completion, lead to the merging of the two companies.
Concelman Named Executive Vice President of Sysco Food Services of Central Florida, Inc.
HOUSTON, Dec. 19, 2006 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, announced today that Scott W. Concelman has been named executive vice president of Sysco Food Services of Central Florida, Inc., a broadline foodservice distribution subsidiary located in Ocoee, Florida. Currently he serves as senior vice president of merchandising and marketing for that operation, and will assume his new role effective January 1, 2007.
Axium Technologies, Inc.
Axium Technologies Enters Into a Software Integration Agreement With CNB Technology Inc.
PASADENA, Calif., Dec. 19, 2006 (PRIME NEWSWIRE) -- Axium Technologies, Inc. (Pink Sheets:AXGI) -- is pleased to announce the signing of a Memorandum of Understanding with CNB Technology Inc., one of the leading surveillance products manufacturers in Korea (listed on KOSDAQ: 086200). According to the terms of the MOU, CNB Technology will license Axium's Maximum software as the standard surveillance monitoring software for all of CNB's IP addressable products, including DVRs and IP cameras. CNB shall provide Axium with its hardware at favoured nation's prices, while Axium will provide CNB with favourable terms regarding software license fees. Both companies will also jointly market CNB products.
Dow Jones Indexes
Dow Jones Wilshire Global exUS Real Estate Securities Index to Serve as Basis for New State Street Global Advisors' ETF
NEW YORK, Dec. 19, 2006 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, and Wilshire Associates Incorporated, a global leader in investment technology, investment consulting and investment management, today announced the Dow Jones Wilshire exUS Real Estate Securities Index(sm) will serve as the basis for an exchange-traded fund, the streetTRACKS(r) DJ Wilshire International Real Estate ETF (AMEX:RWX), which launched today on the American Stock Exchange. The net total return version of the index has been licensed to State Street Global Advisors ("State Street") and it is the first index in the Dow Jones Wilshire Global Real Estate Index(sm) suite licensed as an ETF.
First Equity Group
StockMarketNewsAlert.com Issues New Trade Alert for GenVec, Inc.
BOCA RATON, Fla., Dec. 19, 2006 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for GenVec, Inc. (Nasdaq:GNVC). According to M. D'Alonzo at First Equity Group Inc., "Recent news flow from the company has been very positive. The company recently announced the initial interim efficacy analysis of survival data from its ongoing Phase II/III Pancreas Cancer Clinical Trial with TNFerade(tm) in patients with locally advanced pancreatic cancer. The analysis was conducted as an initial component of a planned interim review of trial data by an independent data safety monitoring board."
MicroTRAKgps Increases Subscriber Base More Than Double in the Last 60 Days
DALLAS, Dec. 19, 2006 (PRIME NEWSWIRE) -- MicroTRAKgps, a division of The Tracking Corporation (Pink Sheets:MIOK), a provider of Global Positioning Systems (GPS) and Radio Frequency Identification (RFID) technology solutions, today announces that its subscriber base has increased more than double in the last 60 days. Due to the increased sales and the launch of Locate 1 and Jaguar/Land Rover we expect to see subscribers increase dramatically the first and second quarter of 2007.