latest news releases from the newsroom
Asia Broadband, Inc.
Asia Broadband Establishes Strategic Alliance with China's Leading Educational Services Entity
ATLANTA and SHANGHAI, Aug. 9, 2005 (PRIMEZONE) -- Asia Broadband, Inc. (Pink Sheets:ASAB) is pleased to announce that the Company's Chinese subsidiary, Shanghai Broadband Network Inc., has formed a strategic marketing and sales partnership with China's leading educational services entity, China Centre for International Educational Exchange (CCIEE), to deliver a full range of its educational programs including E-Ya Kids English, IE21 Interactive English and TTS platform and expand the availability of blended learning solutions nationwide starting with China's northeast region.
World Am, Inc.
World Am Provides Senz-It Update and Amplification
WESTMINSTER, Colo., Aug. 9, 2005 (PRIMEZONE) -- World Am, Inc. (OTCBB:WDAM), which manufactures state-of-the-art security systems, today provided an update and amplification of the earlier announced execution of a definitive agreement for the acquisition of Senz-It, Inc.
LGE Launches 3G Phone With Bitfone's mProve
LAGUNA NIGUEL, Calif., Aug. 9, 2005 (PRIMEZONE) -- Bitfone Corporation (www.bitfone.com), the pioneer and patent holder of firmware over-the-air (FOTA) update technology for mobile phones, today announced that LG Electronics has launched their first 3G/UMTS device, the U8210, using Bitfone's mProve technology for FOTA.
Nexia Holdings, Inc.
Nexia Acquires Office Building for $820,000
SALT LAKE CITY, Aug. 9, 2005 (PRIMEZONE) -- Nexia Holdings, Inc. (OTCBB:NEXH) announced today that its subsidiary, Diversified Holdings I, Inc., has signed a contract to acquire a 15,000 square foot office building at 268 West 400 South, Salt Lake City, Utah for a total purchase price of $820,000. The building was acquired by purchasing 99% of the stock in Salt Lake Development Corporation whose sole asset consists of the building. Nexia intends to make cosmetic improvements to the property and will immediately list the property with Internet Properties, Inc. for sale or lease. Nexia has made a cash payment of $260,000 and will in effect assume the existing financing of approximately $560,000. Closing will take place upon the receipt of financial information related to the building.
Butler Group Praises Telelogic for Sophisticated ALM Capability
MALMO, Sweden and IRVINE, Calif., Aug. 9, 2005 -- Telelogic (Stockholm Exchange: TLOG), the leading global provider of software solutions that align advanced systems and software development with business objectives, today announced that its Application Lifecycle Management tools were noted for their sophisticated capabilities and performance in an Application Lifecycle Management Technology Audit written by Butler Group in June 2005. Butler Group is the premier European provider of Information Technology research, analysis and advice.
Cornell Companies, Inc.
Cornell Companies Reports Second-Quarter, Six-Month 2005 Results
HOUSTON, Aug. 9, 2005 (PRIMEZONE) -- Cornell Companies, Inc. (NYSE:CRN) today reported results for the period ended June 30, 2005. The Company reported a net loss of $0.3 million, or $0.02 per diluted share, compared with a net loss of $1.1 million, or $0.08 per diluted share, in same period last year. This year's second-quarter results included $0.7 million of start-up costs (net of start-up revenues) for new facilities, $1.7 million of losses from discontinued operations, and $0.5 million of losses associated with New Morgan Academy. The 2004 second-quarter results included a total of approximately $1.0 million for start-up costs (net of start-up revenues) for new facilities and losses associated with New Morgan Academy, and $1.4 million for charges related to the early extinguishment of debt.
Rodedawg International Industries, Inc.
Photo Release -- Rodedawg International Industries, Inc. is Getting Ready to Introduce an Amphibious, 4X4, Recreational Vehicle to the World Market
SAN MATEO, Calif., Aug. 9, 2005 (PRIMEZONE) -- Rodedawg International Industries, Inc., a U.S. corporation (Other OTC:RWGI) owns an exclusive worldwide contract for the purpose of marketing and distributing a new, amphibious 4 x 4 off-road recreational vehicle. This new, amphibious 4 X 4 off road vehicle is called the "Rodedawg".
Nationwide Beverage Bottling Corp.
Nationwide Beverage Bottling Corporation Featured on Financial News Radio Talk Show
CORONA, Calif., Aug. 9, 2005 (PRIMEZONE) -- Nationwide Beverage Bottling Corporation (Pink Sheets:NBVB) disclosed today that the company was featured on the nationally-syndicated financial radio talk show "Corporate Strategies with Tim Connolly," which aired on Sunday, August 7th. Tim Connolly's show, which is a widely-followed radio show available on a national network of 350 radio stations and on the Internet at www.businesstalkradio.com, focuses on successful business strategies and the latest business news.