latest news releases from the newsroom
Bulldog Technologies, Inc.
Bulldog Technologies Inc. -- Entry into Convertible Note Offering
RICHMOND, British Columbia, Aug. 30, 2005 (PRIMEZONE) -- Bulldog Technologies Inc. (the "Company") (OTCBB:BLLD) today announced that it has entered into private placement agreements with institutional investors to issue $2.1 million of 6 percent Convertible Notes, convertible into 1,981,132 shares of Common Stock. The investors are also to be issued warrants exercisable for five years from the closing date to purchase up to 792,453 shares of common stock at an exercise price of $1.25 per share. The Company anticipates that the closing of the convertible note offering will occur within several days following the date of this press release. The proceeds of the private placement will be used for general corporate purposes. Oppenheimer & Co. Inc. was the placement agent for the transaction. Due to conditions precedent to closing, and the risk that the conditions precedent will not be satisfied, there is no assurance that the Company will complete the convertible note offering.
Saab Wins MSEK 150 Order for Gripen Support Systems
LINKOPING, Sweden, Aug. 30, 2005 (PRIMEZONE) -- Saab has received an order from FMV to develop support systems for the JAS 39 Gripen. The order is worth MSEK 150 and is a supplement to the existing contract for Gripen support systems.
Contract with Infomercial Specialist Mercury Media Signals Pre-Launch Plans for The Children's Internet
PLEASANTON, Calif., Aug. 30, 2005 (PRIMEZONE) -- The Children's Internet, Inc. (OTCBB:CITC), marketers of the product ranked by PC Magazine as Editors' Choice in the category of "Kids' Browsers and Services", today announced that it has signed a contract with Mercury Media of Santa Monica, CA, to exclusively manage the distribution of its television Infomercial. Mercury Media is an advertising agency that specializes in purchasing broadcast television airtime for direct response advertising.
Golar LNG -- Second Quarter results
OSLO, Norway, Aug. 30, 2005 (PRIMEZONE) -- Golar LNG reports operating income of $11.6 million for the three months ended June 30, 2005 and a net loss of $4.4 million as compared to operating income of $18.3 million and net income of $17.3 million for the first quarter of 2005 ($18.0 million and $19.2 million (a), respectively, for the second quarter of 2004). Net cash provided by operating activities remains positive for the quarter at $11.5 million, compared to $20.6 million for the first quarter of 2005.The results for the second quarter have been impacted by the mark-to-market revaluation of interest rate swaps, which has resulted in a net loss (after minority interests) of $8.0 million and foreign exchange and currency swap losses in respect of the Company's leases of $2.2 million. Both these items, which total a charge for the quarter of $10.2 million (net gain of $4.0 million for the last quarter), are unrealised and therefore have no cash impact. Interest rate swap losses were impacted during the second quarter of 2005 due to long-term interest rates hitting a relative low point at the end of June 2005.