latest news releases from the newsroom
CoSine Communications, Inc.
CoSine Communications Gives an Update on Strategic Initiatives, Announces Changes in its Board of Directors and Announces Preliminary Q2 2005 Financial Results
SAN JOSE, Calif., July 25, 2005 (PRIMEZONE) -- CoSine Communications, Inc. (Pink Sheets:COSN), a provider of customer support services for managed, network-based IP and broadband service providers, today announced that after an extensive review of strategic alternatives the board of directors has approved a plan to redeploy CoSine's existing resources to identify and acquire new business operations, while continuing to provide support to CoSine's existing customers and continuing to offer CoSine's intellectual property for license or sale. CoSine's redeployment strategy will involve the acquisition of one or more operating businesses with existing or prospective taxable earnings. This strategy may allow CoSine to realize future cash flow benefits from its net operating loss carry-forwards ("NOLs"). As of this date, no candidates for acquisition have been identified, and no assurance can be given that the Company will find suitable candidates and, if it does, that the Company will be able to utilize its existing NOLs.
TelePlus Enterprises, Inc.
TelePlus: Prepaid Telecom Division Increases its Earnings, Before Taxes and Depreciation, by 54 Percent in June Versus Previous Month
MONTREAL, July 25, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, is pleased to announce today its subsidiary, TelePlus Connect Corp. ("TelePlus Connect"), which operates the Company's prepaid telecom division, announced that its earnings before taxes, amortization and depreciation increased by 54% reaching $74k for the month of June compared to $48k for the previous month.
SpaceTag Online Opens English Website: http://online.spacetag.jp
TOKYO, July 25, 2005 (PRIMEZONE) -- Owing to overwhelming popularity, resulting in over 80,000 downloads since the opening of Japanese- and Korean-language websites in February 2005, SpaceTag has added an English-language website where free download functions are provided for SpaceTag Server and other applications.
Labwire Subsidiary Begins Providing Security Services at Norco Refineries
HOUSTON, July 25, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announces that the Company's wholly owned subsidiary, Workplace Screening Services, has begun providing security services to the chemical facilities and oil and gas refineries in Norco, Louisiana, consisting of canine bomb detection and canine surveillance. The first canine team was successfully deployed on June 1, 2005, through an affiliate partnership with American K-9 Bomb Search Inc., Houston, Texas.
Vitasti to Launch First of its Kind Acai Berry Granola
NEW YORK, July 25, 2005 (PRIMEZONE) -- Vitasti, Inc. (OTCBB:VITS) (the "Company") is pleased to announce that is has successfully completed the final stages of development for a new line of a vitamin rich granola with an antioxidant supplement. The Company's new vitamin rich granola contains a special ingredient, the Acai Berry, which has been heralded as "Natures Perfect Food," and has been featured on the Oprah Winfrey Show, the Today Show, and CBS News Radio. The Acai Berry, harvested in the Brazilian rainforest, has been used for thousands of years by the natives of Brazil who believe it to have amazing healing and nutritional properties.
ER Urgent Care Centers
ER Urgent Care Centers is Proud to Announce a Profitable First Quarter
MIAMI, July 25, 2005 (PRIMEZONE) -- ER Urgent Care Centers (Pink Sheets:ERUG) is proud to announce a profitable first quarter with a total income of $680,416.11 and a net income of $148,438.11. Jerry Miller, company founder, said, "Most importantly E.R. Urgent Care has opened two additional centers that are not reflected in this first quarter financials. These two centers will show on the third quarter financials. And as previously mentioned, our new C.F.O. Karen Weaver has been working very closely with the accounting firm of Jevitt and Schwartz to soon have all our financials in an audited statement. This is part of our master plan of soon becoming a fully reporting company. This brings our total number of clinics in the Dade and Broward area to six." For further information, please feel free to visit our website. All past, present and future shareholders are always welcome to visit our clinics.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman's Fire Scout UAV Successfully Fires Test Rockets
YUMA, Ariz., July 25, 2005 (PRIMEZONE) -- Northrop Grumman Corporation's (NYSE:NOC) RQ-8 Fire Scout unmanned air vehicle (UAV) reached another important milestone July 22 when the UAV successfully fired two test rockets. This is the first successful live weapons fire from an autonomous unmanned helicopter. This event proves Fire Scout's ability to perform strike missions -- in addition to conducting intelligence, surveillance and reconnaissance -- and subsequently expands its capabilities.