latest news releases from the newsroom
Neoware Announces Accelerated Vesting of Underwater Options
KING OF PRUSSIA, Pa., May 19, 2005 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of software, services, and appliances for thin client computing, today announced it has accelerated the vesting of all unvested options awarded to employees and officers under the Company's 1995 Stock Option Plan and the 2002 Non-Qualified Stock Option Plan which had exercise prices greater than $14.00 per share. Options to purchase approximately 530,000 shares became exercisable immediately, representing approximately 23% of the total options outstanding, as a result of the vesting acceleration. Of these 530,000 options, approximately 70% were scheduled to vest over the next 18 months.
Quest Oil Closes Initial Funding For Acadia Gas Project
ARLINGTON, Texas, May 19, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) is pleased to announce the successful closing of $750,000 in financing that will be used for the Acadia North Gas Project. Please see today's 8K at http://www.sec.gov for more detail.
Global Mobile 2006 Conference Goes in Search of the Killer Wireless Application
SAN DIEGO, May 19, 2005 (PRIMEZONE) -- Next year, San Diego will be ground zero for mobile carriers, wireless application developers, handset manufacturers, service providers and everyone interested in shaping the future of mobile communications, as the Global Mobile conference series returns to San Diego, California on May 10-12. For more information and to register for the world's premier conference related to mobile data communications, visit www.globalmobile.ac.
Limelight Media Group Inc
Limelight Media Group Announces Letter of Intent to Acquire NIT AS
MEMPHIS, Tenn., May 19, 2005 (PRIMEZONE) -- Limelight Media Group, Inc. (OTCBB:LMMG) of Memphis, Tenn. and Norske Informasjonsterminaler AS ("NIT") announced today the signing of a letter of nonbinding intent providing for Limelight to acquire NIT, an information technology company based in Oslo, Norway. The companies are currently negotiating a definitive agreement whereby Limelight would acquire NIT, which would operate as a wholly owned subsidiary of Limelight. The execution of the definitive agreement and the consummation of the acquisition is subject to, among other things, the completion of due diligence, the arrangement of necessary financing and the approval of the board and shareholders of each company. The acquisition, if consummated, would expand the digital media network of Limelight internationally and provide expanded access to the United States markets for NIT's products and services.