latest news releases from the newsroom
Telynx, Inc. Issues Letter to Shareholders
SHERMAN OAKS, Calif., March 8, 2005 (PRIMEZONE) -- On behalf of the Board of Directors, Paul Mataras, CEO of Telynx, Inc. (Pink Sheets:TLYN), has posted an open letter to shareholders via the corporate website. Telynx designs software products and related services for telecommunications service providers. The letter appears here in its entirety.
XsunX Discovers New Market Opportunities
ALISO VIEJO, Calif., March 8, 2005 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass(tm) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it has begun receiving inquires for product development opportunities from multiple industry sectors. This market interest is in advance of the launch of the Company's beta product development program anticipated to launch in the second quarter.
Bitfone Receives Strategic Funding From QUALCOMM
LAGUNA NIGUEL, Calif., March 8, 2005 (PRIMEZONE) -- Bitfone Corporation (www.bitfone.com), the company that pioneered firmware over-the-air (FOTA) update technology for mobile phones, today announced that QUALCOMM Incorporated (Nasdaq: QCOM) has made a strategic investment in Bitfone, adding to QUALCOMM's portfolio of innovative companies driving the market for 3G wireless.
Pacific Sands Inc
Pacific Sands, Inc. Closes Restricted Stock Offering
RACINE, Wisc., March 8, 2005 (PRIMEZONE) -- Pacific Sands, Inc. (OTCBB:PFSD) announced today that the board of directors has voted unanimously to discontinue the company's restricted stock offering as outlined in the 10K-SB for the fiscal year ending June 30, 2004. The offering will officially close at the end of business today, March 8, 2005.
Immediatek Signs Deal with AEG-TV
DALLAS, March 8, 2005 (PRIMEZONE) -- Immediatek (OTCBB:ITEK) announced today that it has signed a multi-show/multi-tour preferred vendor deal with AEG-TV LLC. The deal will allow AEG-TV and Immediatek to jointly pursue opportunities tied to live events involving performances to be broadcast to pay-per-view, high definition cinemas and networks, broadcast and/or the production of DiscLive collectible CDs available immediately after a live performance.
Electronic Control Security Inc.
Electronic Control Security Inc. Acquires Remote Air and Water Monitoring Technologies
CLIFTON, N.J., March 8, 2005 (PRIMEZONE) -- Electronic Control Security Inc. (OTCBB:EKCS), a global leader in perimeter security systems worldwide, today announced its wholly owned subsidiary has acquired all of the assets of Clarion Sensing Systems, Inc. of Indianapolis, Indiana, a provider of proprietary Nuclear, Biological, Chemical and Radiological (NBCR) Remote Monitoring Sensor Systems designed for air and water sensing applications. The acquisition will give ECSI critical technologies and expertise in Nuclear, Biological, Chemical, and Radiological systems for both homeland security markets as well as military markets in the U.S. and abroad. ECSI acquired the assets of Clarion for an aggregate purchase price of approximately $1.3 million, including 394,682 shares of stock and the assumption of approximately $650,000 of Clarion's liabilities (of which ECSI already has paid approximately $350,000 to date). The Company also has agreed to assume on a contingent basis $438,959 of certain liabilities of Clarion and to pay certain professional and other fees incurred in connection with the transaction. ECSI projects it will generate sales for this product line of $2,250,000, $3,550,000 and $4,500,000 in fiscal 2006, 2007 and 2008, respectively.
Sempra LNG Signs Heads of Agreement With Eni S.p.A for Louisiana LNG Project
SAN DIEGO and MILAN, March 8, 2005 (PRIMEZONE) -- Sempra LNG, a unit of Sempra Energy (NYSE:SRE), today announced it has signed a Heads of Agreement (HOA) that provides Eni S.p.A. (NYSE:E), one of the world's leading oil and natural gas exploration and production companies, with approximately one-third of the capacity of Sempra LNG's Cameron LNG receipt terminal under development near Lake Charles, La.