latest news releases from the newsroom
NEON Communications Group, Inc.
Globix Appoints New Chief Executive Officer
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) -- Globix Corporation (AMEX:GEX), a provider of advanced optical networking solutions and services to carriers and large enterprise customers in the Northeast and mid-Atlantic regions, announced today that Kurt Van Wagenen has been promoted to Chief Executive Officer of the Company effective January 1, 2007. In his new role, Mr. Van Wagenen will retain his responsibilities as President and Chief Operating Officer.
Lucy's Cafe, Inc.
Lucy's Cafe, Inc. Acquires InterMetro Communications, Inc.
SIMI VALLEY, Calif., Dec. 29, 2006 (PRIME NEWSWIRE) -- Lucy's Cafe, Inc. (OTCBB:LCYC) announced today the acquisition of InterMetro Communications, Inc., through an exchange of stock (reverse merger) with the shareholders of InterMetro Communications, Inc. Concurrently with the closing of the reverse merger, Lucy's Cafe, Inc. (the "Company") raised $10,235,000 million in gross proceeds from institutional investors in a private placement of common stock. The purchase price per share of common stock was $1.00. Hunter World Markets, Inc. of Beverly Hills, Calif., acted as the Company's sole placement agent.
WorldWater & Solar Technologies
WorldWater & Power Corp & ENTECH, Inc. Announce Extension for Closing of Acquisition
PENNINGTON, N.J., Dec. 29, 2006 (PRIME NEWSWIRE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-horsepower solar systems, and ENTECH, Inc., developer and manufacturer of advanced solar concentrating technology for terrestrial and space applications, announce that the companies signed an extension of the Letter of Intent to acquire ENTECH beyond the earlier announced date of December 27, 2006. The companies anticipate the closing before the end of January.
Gold Canyon Resources Inc.
Gold Canyon Resources Inc. Announces Grant of Incentive Stock Options
VANCOUVER, British Columbia, Dec. 29, 2006 (PRIME NEWSWIRE) -- Gold Canyon Resources Inc. (TSX-V:GCU) ("Gold Canyon" or "the Company") announces that it has granted incentive stock options to certain directors, senior officers and consultants to purchase an aggregate of 1,075,000 common shares at an exercise price of $0.35 per share, representing the closing price of the Company's common shares on December 28, 2006 as reported on the TSX Venture Exchange (the "Exchange"), less an allowable discount. The options and shares issuable upon exercise, if any, will be subject to a four-month hold period from the date of grant in accordance with Exchange policy. The options expire on December 29, 2008. The grant was pursuant to the Company's Rolling Stock Option Plan, which was re-affirmed by the shareholders of the Company on April 27, 2006 and subsequently accepted by the Exchange.
American Technologies Group, Inc.
American Technologies Group, Inc. Retains The Investor Relations Group
FORT LAUDERDALE, Fla., Dec. 29, 2006 (PRIME NEWSWIRE) -- American Technologies Group, Inc. (OTCBB:ATGRE), a leading structural steel fabrication and light pole manufacturing company, has retained The Investor Relations Group, Inc. (IRG), a full-service investor relations firm, to serve as its new corporate communications and investor relations agency.
Pomerantz Haudek Block Grossman & Gross LLP Files Class Action Lawsuit Against Technical Olympic USA, Inc. -- TOA
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit in the United States District Court District, Southern District of Florida, against Technical Olympic USA, Inc. ("Technical Olympic" or the "Company") (NYSE:TOA) and other related defendants. The class action was filed on behalf of public investors who purchased common stock, purchased or sold call options or purchased or sold put options of the Company between August 1, 2006 and November 6, 2006, inclusive ("class period"). The complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
Optium to Present At The Ninth Annual Needham and Company Growth Conference
CHALFONT, Pa., Dec. 29, 2006 (PRIME NEWSWIRE) -- Optium Corporation (Nasdaq:OPTM), a supplier of high-performance optical subsystems, today announced that Eitan Gertel, President and Chief Executive Officer, will speak at The Ninth Annual Needham and Company Growth Conference on January 12, 2007, at the New York Palace Hotel in New York City. The presentation is scheduled to begin at 11:30 a.m. Eastern Time.
Stone Arcade Acquisition Corporation
Stone Arcade Stockholders Approve Acquisition of the Kraft Papers Business, a Division of International Paper Company
NORTHFIELD, Ill., Dec. 29, 2006 (PRIME NEWSWIRE) -- Stone Arcade Acquisition Corporation (OTCBB:SCDE) announced today that at a special meeting held today its stockholders approved the Company's previously-announced proposed acquisition of the Kraft Papers Business ("KPB"), a division of International Paper Company. Of the 23,661,853 votes cast at the meeting (representing 94.6% of the Company's total outstanding shares), 99.8% voted in favor of the acquisition of KPB. Holders of 40,000 shares issued in the Company's initial public offering voted against the acquisition and elected to have such shares redeemed into a pro rata portion of the IPO trust account. As previously announced, Stone and International Paper Company extended the termination date of the acquisition until January 5, 2007. Accordingly, it is expected that the Company will close on the acquisition of KPB in the next several days.