latest news releases from the newsroom
First Horizon National Corporation
Historic Beale Street Now Has Official Bank
MEMPHIS, Tenn., June 30, 2005 (PRIMEZONE) -- First Tennessee Bank, which has earned the largest market share in Tennessee and one of the highest customer retention rates of any bank in the country, has been named the Official Bank of Beale Street. For more than 140 years, First Tennessee's headquarters has been located just blocks from Beale Street in downtown Memphis.
Royal Numico NV
Numico Completes Restructuring Chinese Baby Food Activities
SCHIPHOL AIRPORT, Netherlands, June 30, 2005 (PRIMEZONE) -- Royal Numico N.V. announces that it has completed the restructuring of its baby food activities in China which will substantially improve the financial performance of the continued baby food operations in China. Numico announced on 3 March 2005 that the company will fully focus its Chinese baby food activities on its premium brand Cow & Gate in Shanghai and the Guangdong province. In order to specifically further develop the Guangdong province, Numico has set up an exclusive marketing and distribution agreement with Hutchison which will come into effect as of 1 July 2005.
Ruby Mining Company
Ruby Mining Company Secures $2.5 Million Financing
ATLANTA, June 30, 2005 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM), conducting operations through its subsidiary, Admiralty Corporation (Admiralty), announced today that it has completed a financing involving the sale of $2,500,000 in secured convertible notes ("Notes"), coupled with five-year warrants to acquire common stock ("Warrants"). The notes are to be purchased in three tranches: the first tranche is in the amount of $850,000, which Admiralty received upon the signing of the definitive investment agreements on June 28, 2005. The second tranche, in the amount of $800,000, is due upon the filing of a registration statement with the Securities and Exchange Commission to register the shares of common stock underlying the Notes and Warrants. The third tranche, in the amount of $850,000, is due upon the effectiveness of the registration statement. Under the terms of the notes, the unpaid principal balance of notes, together with any accrued interest thereon, are due and payable three years after the date of issuance. The financing was obtained through the NIR Group of Rosalyn, New York and Laidlaw & Co. (UK) Ltd. of New York City.
ISE Cards, Inc.
Photo Release -- ISE Card and Visa Combined in One Card!
SCOTTSDALE, Ariz., June 30, 2005 (PRIMEZONE) -- The ISE Card, long known for its superior discounts, medical, travel and airline bankruptcy benefits for students, has now teamed-up with Visa to provide the ultimate in convenience and service to student travelers. ISE Cards Korea has entered into an agreement with Visa whereby the ISE Card and Visa Card have been combined into one "Multi Card." Each "Multi Card" has a built-in telephone calling card feature provided by SK Telecom. In addition, all 35,000 of this year's Korean ISE Cardholders who meet the Visa eligibility requirements will have their ISE Cards converted to the "Multi Card."
St. Nick Media Services
Mark A. Robison of Brotherhood Mutual Elected 2005-2006 IASA President
DURHAM, N.C., June 30, 2005 (PRIMEZONE) -- During the business luncheon of the Insurance Accounting & Systems Association (IASA) held on June 6 in Anaheim, CA at the 2005 IASA Annual Educational Conference & Business Show association members voted to elect Mark A. Robison as president for the fiscal year that will begin on July 1, 2005. Robison has risen through the ranks of IASA holding various management team, leadership and volunteer positions within the association during his many years of volunteering.
Telenor Cinclus to Join Forces with Skagerak Energi on New Meter-Reading Technology
OSLO, Norway, June 30, 2005 (PRIMEZONE) -- Skagerak Energi is acquiring a share of Telenor Cinclus and enters into an agreement to offer its customers automatic meter-reading using mobile technology. Together, the two companies will be offering products that provide network owners and energy suppliers with currently updated data, and enable consumers to reduce their electricity costs.