latest news releases from the newsroom
Morris, Manning & Martin, LLP
Morris, Manning & Martin Sponsors Black History Month Programming
ATLANTA, Feb. 8, 2006 (PRIMEZONE) -- Morris, Manning & Martin, LLP (MMM) has committed to sponsor programming honoring Black History Month, February 2006, on two Atlanta public broadcasting stations -- WPBA Channel 30 and WABE-FM, 90.1 FM.
m-Wise Removes Debt Totaling $2 Million From Its Balance Sheet
WILMINGTON, Del., Feb. 8, 2006 (PRIMEZONE) -- m-Wise, Inc. (OTCBB:MWIS), a leading technology provider of mobile content solutions for operators, ASPs and content providers, today announced that Elron Electronic Industries Ltd. (Nasdaq:ELRN), a multinational technology group, has entered into a termination and release agreement converting $1 million of debt to m-Wise restricted common stock.
Samsung Uses Enpocket Marketing Engine to Boost Mobile Content Downloads
BOSTON, Feb. 8, 2006 (PRIMEZONE) -- Enpocket (www.enpocket.com), the global mobile media company, has enabled Samsung Mobile to promote mobile content to Samsung Fun Club members via MMS, creating a rich new marketing channel for the brand. The first MMS campaign achieved response rates of over 15% and a conversion rate of 2%, which offers quantitative proof that mobile marketing using rich media can dramatically outperform traditional direct marketing channels.
Aurora Oil & Gas Corporation
Cadence Resources Announces Closing of $100 Million Senior Credit Facility with BNP Paribas
TRAVERSE CITY, Mich., Feb. 8, 2006 (PRIMEZONE) -- Cadence Resources Corporation (OTCBB:CDNR) announced today that on January 31, 2006, the Company entered into a Credit Agreement with BNP Paribas. The new facility consists of a senior secured revolving credit facility in an amount of up to $100 million, having an initial borrowing base without hedges of $40 million. TCW agreed to accept a second secured position on the Michigan Antrim properties securing its existing $50 million line of credit. The ability to increase the borrowing base in the BNP Paribas credit facility beyond $50 Million is subject to certain conditions in the Second Lien Notes held by TCW. The proceeds from the BNP Paribas facility are intended to be used for drilling, development, and acquisitions as well as other general corporate purposes. This facility matures the earlier of January 2010 or 91 days prior to the maturity of the Second Lien Notes, currently due September 30, 2009. This facility provides for borrowings tied to prime rate or LIBOR +1.25 - 2.0% depending on the borrowing base utilization, as selected by the Company.
Telenor to Provide Nationwide EDGE Coverage
OSLO, Norway, Feb. 8, 2006 (PRIMEZONE) -- Telenor's GSM network has now been upgraded to offer EDGE. "This development means not just higher speed, but better coverage too. Telenor wants to provide the best coverage, which is why we're now proud to offer a mobile network that secures 3G services across the whole country," says Bjoern Amundsen, Director of Coverage.
Stonebridge Resources Exploration Ltd.
Dr. Van Hauen Joins Stonebridge Board of Directors
HOUSTON, Feb. 8, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration, Ltd. (Pink Sheets:SBRX) announced today that Dr. Steve Van Hauen Jr. PhD., has been elected to the board of directors and will assume the Chairmanship effective immediately. Dr. Van Hauen will be instrumental in directing the implementation of the company's new oil and gas exploration and development of petroleum business strategy.
Atlanta Press Club
'Coping With the 24-Hour News Cycle' to be the Focus of Atlanta Press Club's Monthly Program
ATLANTA, Feb. 8, 2006 (PRIMEZONE) -- On Thursday, Feb. 9 at Manuel's Tavern, the Atlanta Press Club will discuss the advantages and challenges of the 24-hour news cycle. Networking begins at 6 p.m. and the program is from 7 -- 8:30 p.m. Confirmed panelists include Bobbie Battista, principal of Atamira Communications and former CNN reporter/anchor, Lee Clontz, Professor of Electronic Media at Emory University and former New York Times online reporter, Condace Pressley, Assistant Program Director for WSB Radio and Angela Tuck, Public Editor for the Atlanta Journal-Constitution. A representative from CNN has been invited. Robert Simmermon, the often-quoted Atlanta media psychologist, will moderate this program.