latest news releases from the newsroom
Coda Octopus Group, Inc.
Coda Octopus Introduces Industry Leading Service Plan; `Service Plus' Offers New Extended Warranty Options For All Octopus Products
NEW YORK, July 20, 2005 (PRIMEZONE) -- Coda Octopus Group, Inc (Pink Sheets:CDOC), an international leader in marine technology solutions, continues to demonstrate its commitment to industry leadership and service and support of all its products by introducing "Service Plus." This new integrated service plan covers all Octopus systems including the popular 760 geophysical acquisition series, the 460P portable sonar acquisition instrument, the F180 precision motion sensor and its thermal printers. Available with two levels of cover, three star and five star, which encompass all aspects of support, Service Plus is available to all owners of Octopus products, regardless of the age of the system.
Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems Receives $5.5 Million Order for Explosives Detection Equipment
ASHEVILLE, N.C., July 20, 2005 (PRIMEZONE) -- Homeland Integrated Security Systems, Inc. (Pink Sheets:HISC) a leading provider of wireless security solutions and products for national security and industry, announced today the receipt of a blanket purchase order from Pro.Sec, a leading Middle Eastern security company, to purchase over $5.5 million of explosives detection equipment. The explosives detection equipment is distributed in the Middle East through Homeland Integrated Security Systems' CyberNoze security division. Pro.Sec, with operations in Lebanon, is expected to use the CyberNoze promoted explosives detection equipment for security and protection of commercial buildings and government installations. This significant order for explosives detection equipment is in addition to the recently announced $2.5 million purchase order from Pro.Sec for the Homeland Integrated Security Systems, Inc.'s patent pending CyberTracker security device.
China Direct Trading Corp.
China Direct Trading Corp. and Beijing Hua Wei Furniture Manufacture Co., Ltd. Terminate Acquisition and JV Agreements
FT. LAUDERDALE, Fla., July 20, 2005 (PRIMEZONE) -- China Direct Trading Corporation (OTCBB:CHDT) (CHDT) and Beijing Hua Wei Furniture Manufacture Co., Ltd. (BEWE), announced today that they have mutually terminated the agreements underlying a proposed acquisition of a 40% equity stake by CHDT in BEWE and a related, proposed formation of a Chinese joint venture furniture manufacturing company by CHDT and BEWE. The reason for the termination is a recent, significant decrease in the cash asset value of BEWE. As previously announced, the acquisition of the 40% equity stake in BEWE and the joint venture company venture were subject to a number of customary conditions, including a material, adverse decrease in the assets or business of BEWE. CHDT shall remain a U.S. distributor of BEWE furniture in North America. The termination is effective as of July 20, 2005. No termination fee was due or paid in connection with the termination of the proposed share acquisition and the underlying agreements.
Universal Property Development and Acquisition Corporation
Universal Property Development to Acquire Lakeshore Apartment Complex in Cleveland, Ohio
JUNO BEACH, Fla., July 20, 2005 (PRIMEZONE) -- Universal Property Development and Acquisition Corporation (OTCBB:UPDA), a Nevada corporation, has formalized its agreement with Bratenahl Estates Development, LLC., an Ohio Limited Liability Company, to acquire Bratenahl Extension, LLC., the owner of an 83 unit apartment complex on Lakeshore Boulevard in Cleveland, Ohio, in a $1.5 million transaction involving stock, cash and assumption of debt. By acquiring Bratenahl Extension, with its existing financing and cash portfolio of approximately $300,000.00, the venture will undertake to renovate, remodel and sell an apartment complex with views of Lake Erie.
Sagient Research Systems
PlacementTracker Publishes Q2 2005 PIPE Market League Tables
SAN DIEGO, July 20, 2005 (PRIMEZONE) -- Sagient Research Systems (OTCBB:SRYS), a leading publisher of independent research for the financial services and institutional investment communities, today announced that Deutsche Bank Securities, Inc. ranked as the No. 1 investment bank in the PIPE market in the second quarter 2005 for total dollars raised and that H.C. Wainwright & Co., Inc. ranked as the No. 1 investment bank in the PIPE market for total number of transactions. Iroquois Capital, L.P. topped the list of most active institutional investors during the second quarter 2005.
Braintech Receives Additional ABB Orders for a Major North American Automaker
VANCOUVER, British Columbia, July 20, 2005 (PRIMEZONE) -- Braintech Inc. (OTCBB:BRHI), a leading provider of vision guided robotic, ("VGR") software solutions, announced today that it has received two additional orders for eVisionFactory(tm), ("eVF(tm)") built VGR solutions from global industrial giant, ABB Inc. eVF solutions are an exclusive and integral part of ABB's Trueview(tm) brand of vision enabled robots specifically designed for its automotive customers.