latest news releases from the newsroom
Interland Completes Acquisition of Web.com Assets
ATLANTA, Dec. 28, 2005 (PRIMEZONE) -- Interland (Nasdaq:INLD), a leading provider of websites and online services for small and medium-sized businesses (SMBs), today announced that it has completed its asset acquisition from Web Internet, LLC (Web.com) and Web Service Company Inc. Included in the assets are the domain name Web.com, web hosting business comprised of approximately 9,000 subscribers, accredited registrar business and trademark rights. Interland paid approximately $4.8 million in cash, restricted stock and assumed liabilities. Roughly half of the consideration consists of assumed liabilities, including debt in the form of a low-interest 3% loan payable over three years.
EYI Industries Inc
EYI Announces Replacement of Initial Shipment of Code Blue Filters
BURNABY, British Columbia, Dec. 28, 2005 (PRIMEZONE) -- EYI Industries Inc. ("EYI") (OTCBB:EYII), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, announces that the initial shipment of 3,078 Code Blue filters delivered by Metals & Arsenic Removal Technology, Inc. in September 2005 do not meet EYI product specifications. EYI intends to replace all of these initial Code Blue filters commencing in January 2006.
Discovery Laboratories, Inc.
Discovery Labs' Broadens Management Team -- Hires Senior Manufacturing and Quality Executives
WARRINGTON, Pa., Dec. 28, 2005 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO), has broadened its management team through the appointment of Charles F. Katzer as Senior Vice President, Manufacturing Operations and Gerald J. Orehostky as Vice President, Quality Operations. Mr. Katzer will be directly responsible for the leadership and management of all manufacturing and global distribution of the Company's Surfactant Replacement Therapy (SRT) products, including its lead product, Surfaxin(r). Mr. Orehostky will be responsible for the development and enhancement of GMP quality policies and systems to promote, facilitate and assure sustainable compliance with all regulatory standards. Both positions report directly to Christopher J. Schaber, Ph.D., Executive Vice President and Chief Operating Officer.
Discovery Laboratories, Inc.
Discovery Labs to Acquire Laureate Pharma's Manufacturing Operation in Totowa, N.J.
WARRINGTON, Pa., Dec. 28, 2005 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) has entered into an agreement to acquire the manufacturing operations of Laureate Pharma, Inc. (a wholly-owned subsidiary of Safeguard Scientifics, Inc.) in Totowa, New Jersey for $16 million. The acquisition is intended to provide Discovery with operational control and improved economics for the potential commercial and clinical production of Discovery's lead product, Surfaxin(r), and its pipeline of precision-engineered Surfactant Replacement Therapy (SRT) products. The transaction is expected to close by year end, subject to customary closing conditions, and the acquired manufacturing operations will thereafter be dedicated to Discovery's programs.
Metso to Supply Two Shredders to Alter Trading Corporation in the USA
HELSINKI, Finland, Dec. 28, 2005 (PRIMEZONE) -- Metso Minerals will supply two state-of-the art shredders to Alter Trading Corporation. The first shredder will be installed at Alter Trading Corporation's new scrap recycling operation in Mobile, Alabama, by the end of April 2006. The second delivery for Alter Trading Corporation's scrap recycling facility in Iowa will be completed in early summer 2006. The combined value of the orders is approximately EUR 10 million.
Mobiltek Announces the Sale of One of Its Subsidiaries
SUNNYVALE, Calif., Dec. 27, 2005 (PRIMEZONE) -- Mobiltek Corp. (Pink Sheets:MOBK) announced today that it had entered into an agreement to sell its wholly owned subsidiary, Mobiltek Corp., California ("the Company") to SinoConnect Limited ("the Purchaser"), a telecom system integration company incorporated in Hong Kong. With the sale the Purchaser will assume the nine service contracts that the Company currently manages in China. The Company will receive $100,000 upon completion of due diligence.