latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Team Lends Skilled Hands to Rebuild Community
PASCAGOULA, Miss., Feb. 6, 2006 (PRIMEZONE) -- A dedicated group of Northrop Grumman Corporation (NYSE:NOC) shipbuilders offered their construction skills to support rebuilding efforts in the Gulf Coast communities this week. These employees, who normally perform traditional shipbuilding crafts such as welding, pipefitting and shipfitting, framed doors, nailed floors and hung sheetrock in Jackson County, Mississippi's storm-damaged United Way headquarters.
Global Beverage, Inc.
Global Beverage Solutions, Inc. Announces the Appointment of Rear Admiral Kevin F. Delaney, Ret., U.S. Navy, as Product Representative
TULSA, Okla., Feb. 6, 2006 (PRIMEZONE) -- Global Beverage Solutions, Inc. (OTCBB:GBVS) announced today that Rear Adm. Kevin F. Delaney, retired, U.S. Navy, has been engaged as a product representative for two of its portfolio companies, Rudy Beverage Group, Inc. and EON Beverage Group, Inc.
Savista CEO Jeff Bizzack to Present Key Insights on Integrating Finance and Accounting and HR Outsourcing at HRO World West 2006
WICHITA, Kan., Feb. 6, 2006 (PRIMEZONE) -- Jeff Bizzack, CEO of Savista Corporation, a leading provider of business process outsourcing (BPO) services to mid-market companies, will share key insights on the growing trend among mid-size and large companies to outsource finance/accounting (FAO) and human resources (HRO) operations together as integrated functions. This timely discussion, "HRO & FAO Crossover," is part of a special executive summit at HRO World West 2006, which will bring together more than 1,000 HR and finance executives and outsourcing specialists during LA HR Week. Bizzack's presentation will be held on Wednesday, February 8, 2006, from 3:30 p.m. to 4:10 p.m., at the Hyatt Regency Century Plaza in Los Angeles.
MagRabbit Receives Congressional Recognition as a Top Vietnamese Owned Business
AUSTIN, Texas, Feb. 6, 2006 (PRIMEZONE) -- MagRabbit, Inc., a leading third party logistics (3PL) and transportation provider, announced today it has received Congressional Recognition for being a highly successful Vietnamese owned business committed to extraordinary community service. Representative Loretta Sanchez and Representative Edward R. Royce of California issued the Certificates of Special Congressional Recognition.
Aurora Oil & Gas Corporation
Cadence Resources to Receive $20.6 Million in Cash Proceeds from the Exercise of Certain Options and Warrants
TRAVERSE CITY, Mich., Feb. 6, 2006 (PRIMEZONE) -- Cadence Resources Corporation (CDNR) (OTCBB:CDNR), an oil and gas exploration and development company, today announced the exercise of options by members of their management team and certain shareholders as well as the exercise of warrants held by key institutional investors and other investors. Proceeds from these exercises are in excess of $20.6 million, including almost $750,000 from the management team. The Company intends to use the cash proceeds to accelerate its 2006 drilling program and continue its aggressive leasehold acquisition activity.
George Group Consulting
George Group Consulting and Knowledge@Wharton Publish Survey on Impact of Product and Service Complexity on Business
DALLAS and PHILADELPHIA, Feb. 6, 2006 (PRIMEZONE) -- Despite the positive revenue impact of new product and service offerings and the push for product proliferation, portfolio complexity often fails to deliver real economic value, according to findings from a new study by George Group Consulting and Knowledge@Wharton, an online resource for business executives from the Wharton School, University of Pennsylvania. The Impact of Product and Service Complexity on Business report, based on a survey of 424 Knowledge@Wharton subscribers representing a broad range of industries, examines the drivers of product and service complexity, the pressures this complexity places on an organization's ability to grow and maintain profitability, and key factors shared by companies that successfully manage portfolio complexity.