latest news releases from the newsroom
Shearson Financial Network, Inc.
Shearson Home Loans Merges Into Consumer Direct of America; Re-Structures Company Operations
LAS VEGAS, June 1, 2006 (PRIMEZONE) -- Shearson Home Loans today announced that the Las Vegas based national mortgage network has re-organized the former direct marketing and telesales mortgage marketing company, Consumer Direct of America, into a fully functional national mortgage network. "Consumer Direct had focused on the direct access to the consumer to sell telesales products, including mortgage loans," stated Michael Barron, Shearson's CEO. "Now that the re-fi boom is over, we have discontinued direct marketing of mortgage loans and centered the company on the 'needs based lending' that has made Shearson profitable these last three years."
NUCON-RF, Inc. and ZAO 'EMBP' ATOLL Sign Acquisition Agreement
MOSCOW, June 1, 2006 (PRIMEZONE) -- NUCON-RF, Inc. ("NUCON") (Pink Sheets:NNRF) and ZAO ELECTRO MACHINERY BUILDING PLANT ATOLL ("ATOLL") announced today that the companies have entered into a binding Agreement in which NUCON, Inc. will acquire 50% of ATOLL, a Russian closed joint stock company.
Delta Air Lines, Inc.
Delta -- America's Fastest Growing Airline to Latin America and the Caribbean -- Introduces Customers to Five More Latin and Caribbean Destinations
ATLANTA, June 1, 2006 (PRIMEZONE) -- Delta Air Lines this month will further expand its fast-growing presence across Latin America and the Caribbean with the addition of nine new routes to seven destinations across the region. Five of the destinations -- Kingston, Jamaica; Aquadilla and Ponce, Puerto Rico; and Guayaquil and Quito, Ecuador+ -- will be served by Delta for the first time, while customers in Cancun, Mexico and Sao Paulo, Brazil, will enjoy expanded service to new U.S. gateways.
SmallCap Sentinel: Can I Buy You a Drink (Company)?
IRVINE, Calif., June 1, 2006 (PRIMEZONE) -- "On the heels of Hansen Natural Corp.'s stellar first quarter sales and profit numbers, newsletters embracing another alternative beverage company, Clearly Canadian (OTCBB:CCBEF), are predictable," said SmallCap Sentinel analyst D.R. Clark. "Clearly Canadian has garnered praise for their new line of beverages by industry watcher BevNet and by Dr. Robert Valuk, one of the nation's most respected names in value stock investments. Valuk has just added Clearly Canadian Beverage Corporation to his Hidden Values and Fallen Angels Portfolio for 2006- 2007."
Community Shores Bank Corporation
Community Shores Announces Management Change
MUSKEGON, Mich., June 1, 2006 (PRIMEZONE) -- Community Shores Bank Corporation (Nasdaq:CSHB) (the "Corporation") announced that Jose Infante, Chairman, President and Chief Executive Officer of the Corporation, and Vice Chairman of Community Shores Bank (the "Bank"), has resigned from the Corporation, effective May 30. At a meeting of the Board of Directors held yesterday, Heather D. Brolick, President of the Bank, was named President and Chief Executive Officer of the Corporation. Subject to a change in the bylaws of the Corporation, the Board plans to name a non-executive Chairman from its present board membership.
Resolve Staffing, Inc.
Resolve Staffing Acquires $20 Million Staffing Company
CINCINNATI, June 1, 2006 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) today announces that it has completed the acquisition of Star Personnel. As previously reported, Star Personnel (www.starpersonnel.com), headquartered in Cincinnati, Ohio, is a provider of diversified staffing services with four offices in the Cincinnati/tri-state market. With approximately $20 million in annual sales and $1.5 million in pretax profit, Star Personnel offers a variety of staffing services including light industrial and office/clerical support. Consideration for the transaction included $2 million in cash and a $500,000 note. No stock was issued as a result of the transaction. Moreover, the acquisition will be accretive to earnings.
Carthew Bay Technologies Inc.
Astris Energi Discovery Leads to Longer Life, Better Performance of Fuel Cells
MISSISSAUGA, Ontario, June 1, 2006 (PRIMEZONE) -- Astris Energi Inc. (OTCBB:ASRNF) reported that its program of fuel cell improvement, initiated 18 months ago in connection with technology transfer from the R & D lab to the factory floor, yielded a major breakthrough in terms of electrode quality, reflected in increased power and longer life of its fuel cell. An increase in fuel cell life, from 2000 operating hours to 5000 hours, is seen as a critical step which will open doors, for example, to applications of inexpensive alkaline fuel cells in automobiles.