latest news releases from the newsroom
Morgan Beaumont Announces Management Changes
BRADENTON, Fla., Sept. 6, 2006 (PRIMEZONE) -- Morgan Beaumont, Inc. (OTCBB:MBEU), a premier technology solution provider to the Stored Value and Prepaid Card market and owner of the SIRE Network(tm), today announced that Clifford Wildes, Founder, Chairman of the Board and CEO, will be relinquishing his duties as Chief Executive Officer in order to devote more time to his other businesses. Mr. Wildes will remain as Chairman of the Board at Morgan Beaumont and continue to be active in the development of overall corporate strategy and in maintaining important strategic relationships.
EcoPlus Begins Discussions On Program Agreement for National Municipalities
CHARLOTTE, N.C., Sept. 6, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) announced that it has entered into a discussion with Academic Capital Group, Inc. of Chicago, Illinois, a municipal lease-finance company. When finalized, the program agreement will supply qualified municipalities with lease financing to purchase or rent the EcoPlus patent-pending brown grease disposal technology.
Wolverine Tube Inc.
Wolverine Tube Announces End to Business Combination Discussions
HUNTSVILLE, Ala., Sept. 6, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced that at this time it has terminated all business combination discussions. Over the last several months, the Company has had discussions with several domestic and international parties concerning possible business combinations. The Company's Board of Directors determined that indications of interest in potential business combinations received to date are not sufficiently definitive to warrant further discussions. If the Company receives more definitive indications of interest in the future it may elect to recommence discussions.
SmallCap Sentinel: Innovation in Biotechnology
IRVINE, Calif., Sept. 6, 2006 (PRIMEZONE) -- "It's not unreasonable to expect that developments in biotechnology and health care may begin to come in what will seem a far more rapid pace," stated SmallCap Sentinel analyst D.R. Clark. "The amount of new patients, driven by aging Baby Boomers, will create an influx of capital that will inspire unprecedented research and development."
SmallCap Sentinel: Health Care Partnerships Bring Needed Relief, Opportunity to Physicians
IRVINE, Calif., Sept. 6, 2006 (PRIMEZONE) -- "With many doctors complaining of their earning potential being squeezed by HMO's and skyrocketing medical malpractice insurance costs, new companies are exploring creative business models that focus on physician/patient relationships rather than patient/HMO/insurance company relationships," stated SmallCap Sentinel analyst D.R. Clark. "A new physician-centric business model through Physicians Healthcare Management Group, Inc. (Pink Sheets:PHYH) creates the opportunity for the physicians to manage their own community-based HMO, building equity in their own practice while ideally enhancing the experience and care for the patient."
SmallCap Sentinel: Has Gold Weathered the Correction?
IRVINE, Calif., Sept. 6, 2006 (PRIMEZONE) -- "Investors and analysts are asking the rhetorical question, 'Is the correction in the gold market finally over?'" stated SmallCap Sentinel analyst D.R. Clark. "With gold having pulled back from its recent high of $730 and dropping as low as $550 in July, does recent pricing in the low $600's imply that the correction is over? A technical perspective may suggest that."
TNR Entertainment Corp.
TNR Entertainment Completes $45 Million Funding for Nationwide Expansion of DVD Rental Kiosks in Supermarkets
HOUSTON, Sept. 6, 2006 (PRIMEZONE) -- TNR Entertainment Corp., the nation's largest owner and operator of self-service DVD rental kiosks in supermarkets and grocery stores under the name The New Release(tm), announced today that it has completed a capital infusion of $45 million with MCG Capital Corporation, a leading specialized financial services company and financial advisor. The funding, which comprised $35 million in debt financing and $10 million in equity, will be used to support TNR's major expansion into nationwide markets, more than doubling its installed base and establishing 25 new geographic markets.