latest news releases from the newsroom
White Mountain Titanium Corporation
White Mountain Titanium Completes $5,000,000 Equity Financing
SANTIAGO, Chile, July 12, 2005 (PRIMEZONE) -- White Mountain Titanium Corporation (Pink Sheets:WMTM) announced today that it has completed a $5,000,000 private placement with a major European institutional investor. The deal included 6,250,000 shares of Series A preferred stock, each share convertible into one common share, and 6,250,000 warrants to purchase common stock, at an exercise price of $1.25. The preferred shares do not pay a dividend.
Sciax Signs Letter of Intent with International Fragrance and Clothing Line Mena by Yoram Jivago
BAY CITY, Mich. and TORONTO, July 12, 2005 (PRIMEZONE) -- RMD Entertainment Inc., a wholly owned subsidiary of Sciax Corp. (Pink Sheets:SCXC), announced today that it has signed a Letter of Intent to form a joint venture with the international fragrance and clothing line company Mena by Yoram Jivago Inc. to market their fragrance and fashion line. The Letter of Intent confirms Sciax's strategy of capitalizing on the much sought after 14 to 24 year old consumer demographic.
Megola ScaleGuard Unit Generates Praise and Additional Orders in China
CORUNNA, Ontario, July 12, 2005 (PRIMEZONE) -- Megola Inc. (OTCBB:MGOA), a leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, is pleased to report uniform praise from its ScaleGuard water treatment customers in China. The company also has received word that satisfied customers in all the industries it serves, from Dairy Producers to Coal Mining Companies -- even the National Assembly of China -- have expressed intent to purchase additional units from Megola's Asian distributor Dalian Bingshan H2O3 Environmental Solution Co. Ltd (H2O3).
Industrial Nanotech, Inc.
Industrial Nanotech to Target Multi-Billion Dollar Chemical Manufacturing
NAPLES, Fla., July 12, 2005 (PRIMEZONE) -- Industrial Nanotech Inc. (Pink Sheets:INTK), an emerging nanotechnology-based solutions provider, today announced that Gulbrandsen Chemicals will be applying the Company's newest Nansulate(TM) Translucent coating at one of its chemical manufacturing facilities. The purpose of the application is to demonstrate Nansulate(TM) High Heat's ability to insulate and prevent corrosion on high temperature chemical vessels with approximate surface temperatures of 270F or 132C. The project will be overseen by the Company's NACE certified coating specialist Jeff Croll.
Aztec Oil & Gas, Inc.
Aztec Oil & Gas Announces Drilling Progress on Second New Deep Lake Well
HOUSTON, July 12, 2005 (PRIMEZONE) -- Aztec Oil & Gas, Inc. (OTCBB:AZGS) announced today that the drilling of Deep Lake Well No. 1, the second well in the two-well drilling program in the Deep Lake Field in Cameron Parish, Louisiana (State Lease 2038), in which Aztec has a minority participation interest, was recently completed to its target depth of approximately 13,600 feet. The Deep Lake Well No. 1 has been logged and cased and is now awaiting the arrival of a completion rig.
Redfern Integrated Optics
Redfern Integrated Optics, Inc. - RIO - Secures $6.2 Million Funding
SANTA CLARA, Calif., July 12, 2005 (PRIMEZONE) -- Redfern Integrated Optics, Inc. (RIO), a developer and manufacturer of low-cost, high-performance optical transmitters for the telecommunications and data transmission markets, today announced that it has secured $6.2 million in financing. The financing was provided by Advent International, Tallwood Venture Capital, TMT Ventures and Redfern Photonics Pty Ltd. In connection with the financing, Leigh Michl, Dado Banatao and Paul van Tol joined RIO's board to represent Advent, Tallwood and TMT Ventures, respectively.
XsunX Announces Superior Results with the use of PEN-Based Plastic Films
ALISO VIEJO, Calif., July 12, 2005 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass(TM) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced today that continued development efforts in low temperature processing techniques on plastic films have produced superior results with the use of Polyethylenenapthalate (PEN). Accordingly, XsunX has chosen PEN as a preferred plastic film for the manufacture of Power Glass solar electric films.