latest news releases from the newsroom
miNetwork Group, Inc.
miNetwork and CSC Global Technologies Launch Video on Demand Web Site
LAS VEGAS, Dec. 5, 2005 (PRIMEZONE) -- miNetwork Group, Inc. (Pink Sheets:MWKG) is pleased to announce the launch of the first commercial web portal to be deployed utilizing the proprietary compression algorithms and codec developed by the corporation's video compression technology partner, CSC Global Technologies Corp. Further to the marketing agreement, previously announced between miNetwork and CSC Global Technologies, the corporations have participated in the launch of hollyflicks.com to demonstrate and commercialize the Video on Demand capabilities of this unique compression technology, with built in digital rights management capabilities. Hollyflicks.com currently has just over 250 classic movie titles available for the consumer to purchase on a per movie basis at $3.99, or to purchase a $25.99 monthly subscription and download and watch as many movies as they wish.
S2C Global Systems Inc
S2C Aquaduct, The Next Green Machine
VANCOUVER, British Columbia, Dec. 5, 2005 (PRIMEZONE) -- S2C Global Systems Inc. (Pink Sheets:STWG) announced today the preparation of two units for immediate installation in Montreal, Quebec. This announcement comes on the heels of the Montreal Gazette article of November 23rd; "Plastic Water Bottles Clog The Environment" and is consistent with the Company's short-term plans. The Gazette article addresses the trend by Quebec and Ontario bottlers of 5-gallon (18L) bottled water, switching to non-reusable 15L bottles. With an estimated 400 million bottles sold in North America last year, a switch to the non-reusable format could overwhelm existing recycling programs and ultimately cost more than the packaged water. This trend comes as a result of increasing distribution costs primarily related to fuel and plastic costs. The Company's Aquaduct system reduces reported distribution costs by as much as 75% and potentially extends the use of the reusable 5-gallon bottles as much as 30%. "The Aquaduct system puts the profit back into the distribution of 5-gallon bottled water," says S2C's CEO Rod Bartlett. "It's the ultimate green machine in terms of both money and reducing burdens on the environment. S2C makes it easy for consumers to return their bottles, reduces the distance traveled, trips and idling times of delivery trucks. The Aquaduct can handle a smaller one-way bottle; however the one-ways cost $0.75 per use while the re-usable bottle can be under $0.10."
Wireless Network Safeguards Volvo Ocean Race
GOTEBORG, Sweden, Dec. 05, 2005 (PRIMEZONE) -- Problems with wireless networks can cause irritation at home. But for Volvo IT's project manager, Mattias Andersson, the entire Volvo Ocean Race is at stake.
GlobeOp Financial Services
GlobeOp Names Simon Behan to Head European Sales and Marketing
LONDON and NEW YORK, Dec. 5, 2005 (PRIMEZONE) -- GlobeOp Financial Services (GFS(sm) or GlobeOp(r)), a provider of fund administration and related support services for hedge funds, fund of funds, and high net worth family wealth offices, today announced the appointment of Simon Behan as head of European Sales and Marketing, a new position. Behan, who joins GlobeOp effective December 5, previously headed European Sales for PFPC International, a provider of fund administration services. He will be based in GlobeOp's London office and will work directly with Ronald Tannenbaum, GlobeOp's head of marketing worldwide and a founding partner of the firm.
Petroleum Geo-Services ASA
Petroleum Geo-Services AS -- Improved Marine Contract Margins Expected in 2006
OSLO, Norway, Dec. 5, 2005 (PRIMEZONE) -- Petroleum Geo Services ASA ("PGS" or the "Company") (OSE:PGS) (NYSE:PGS) announced today at its annual Capital Markets Day that the Company expects improved contracts margins for Marine Geophysical in 2006 compared to 2005. Furthermore PGS guided that Marine Geophysical multi-client late sales are expected to be lower in 2006 than in 2005. Multi-client investments in Marine Geophysical are expected to be modestly higher in 2005. Capital expenditures in Marine Geophysical are planned to increase to further boost productivity.
EQT Sells Com Hem
STOCKHOLM, Sweden, Dec. 5, 2005 (PRIMEZONE) -- EQT III ("EQT") has signed an agreement with the Carlyle Group and Providence Equity Partners to sell Com Hem. Under the ownership of EQT, Com Hem has evolved into the leading Swedish triple-play provider of TV, broadband Internet and telephony services.
ADCapital is in Discussions for the Sale of a License for Greece and Germany
BURNABY, British Columbia, Dec. 2, 2005 (PRIMEZONE) -- ADCapital Industries (Pink Sheets:ADCS) is excited about its latest talks for the sale of a license of technology and device with an affluent business tycoon from Greece. The outstanding reduction of the emission NOx from the ADCapital's device "The Auto Emission Post Regulator" should bring some relief to the 11.3 million people now dealing with critical levels of smog.