latest news releases from the newsroom
GlobeTel Communications Corp.
GlobeTel's Sanswire Corp. Agrees to Jointly Build and Deliver Airship Platforms With TAO Technologies Through US-Based Sanswire-TAO Corp.
FORT LAUDERDALE, Fla. and STUTTGART, Germany, June 19, 2008 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Pink Sheets:GTEM) ("GlobeTel/Sanswire") and its subsidiary Sanswire Corp. and TAO Technologies GmbH, Stuttgart, Germany today announced that the companies have agreed to form and commence operations of Sanswire-TAO Corp., a Florida corporation equally owned by the Company and TAO, for the customized production, marketing and sales of unmanned aerial vehicles for the markets of the United States, Canada and Mexico. GlobeTel/Sanswire has made the first payment in cash and shares to the program, with remaining cash payments due over the next three years. This agreement supersedes the November 2007 agreement in which certain airship rights had been conveyed to Sanswire.
HCC Insurance Holdings
HCC Declares 49th Quarterly Cash Dividend
HOUSTON, June 19, 2008 (PRIME NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 49th consecutive quarterly cash dividend.
Frozen Food Express Industries, Inc.
FFE Transportation Services Begins Temperature-Controlled Charge
DALLAS, June 19, 2008 (PRIME NEWSWIRE) -- Frozen Food Express Industries, Inc. (Nasdaq:FFEX) and FFE Transportation Services, offering nation-wide transportation in the temperature controlled truckload and LTL, dry truckload, and brokerage/logistics markets, announced today that it will implement a charge to its shippers for the rapidly rising cost of refrigeration necessary in the transportation of temperature controlled products. It expects the charge will be fully implemented by the middle of this year's third quarter.