latest news releases from the newsroom
Innova Holdings, Inc.
Innova Holdings Outlines RWT Strategy, Announces New CEO
FORT MYERS, Fla., Aug. 4, 2004 (PRIMEZONE) -- Innova Holdings, Inc. (OTCBB:IVHG) and Robotic Workspace Technologies have signed a definitive agreement whereby Innova will acquire RWT. This follows approval by the directors of each company. Final RWT approval is expected at a special shareholders meeting on August 9th. The transaction, scheduled to close on or about August 15th, is in keeping with Innova's strategy to grow by acquiring unique technology companies.
Minera Andes, Inc.
Construction Accelerates at Minera Andes' Gold/Silver Project
SPOKANE, Wash., Aug. 4, 2004 (PRIMEZONE) -- Construction work at Minera Andes'(OTCBB:MNEAF) (TSX Venture Exchange:MAI) Huevos Verdes gold/silver vein, part of the San Jose project in southern Argentina, is expanding and accelerating to complete underground workings by the end of 2004. The expanded and accelerated construction schedule is in part due to the recent underground work at the site that has indicated much higher gold and silver grades from the underground development sampling relative to the grades encountered in drilling from surface (see July 12, 2004 News Release) and to facilitate completion of the announced feasibility study.
Penn's Landing Corporation
Celebrate African Culture At The 2004 African American Cultural Extravaganza
PHILADELPHIA, Aug. 4, 2004 (PRIMEZONE) -- On Saturday, August 28 and Sunday, August 29 from noon to 8 p.m., the customs of Africa and African Diaspora will be brought to the waterfront for the African American Cultural Extravanganza. The festival, presented by the African Heritage Center, will take place at the Great Plaza at Penn's Landing, Columbus Boulevard and Chestnut Street. The African American Cultural Extravaganza, is part of the 2004 PECO Energy Multicultural series at Penn's Landing. Entertainment including crafts, food, music poetry, and dancing will be included throughout the day during this event. Independence Blue Cross is the presenting sponsor of the 2004 Summer Season at Penn's Landing.
Globetech Ventures Corporation
Globetech Announces Private Placement
VANCOUVER, British Columbia, Aug. 4, 2004 (PRIMEZONE) -- Globetech Ventures Corp. (OTCBB:GTVCF) (the "Company") is pleased to announce that it has completed a private placement with two well respected Canadian investment funds. The initial funding package is in the amount of US$300,000 representing a total of 697,674 units. Each unit comprises one common share at a purchase price of US$0.43 and one share purchase warrant exercisable at the price of US$0.5375 to 28th July 2005, and US$0.6375 to 28th March 2006. Under the terms of the financing, the investment funds also have the option to exercise the right to invest an additional US$300,000 within 120 days through an additional warrant. The funds have expressed a strong interest in providing additional funding in order to advance Globetech's projects and have a legal right of first refusal in this regard. A finder's fee of 8% is payable on the initial funding of US$300,000.