latest news releases from the newsroom
EMS Technologies, Inc.
High-Speed Internet, Voice And Safety Services In One Unit, EMS SATCOM Announces HSD-440 High-Speed Data Terminal
ORLANDO, Fla., Nov. 8, 2005 (PRIMEZONE) -- Today, EMS SATCOM, a division of EMS Technologies, Inc. (NASDAQ: ELMG), announced its single-unit, high-speed Internet, voice and safety services satellite communications terminal -- the eNfusion HSD-440. The eNfusion HSD-440 will be unveiled at NBAA 2005, the National Business Aviation Association conference and trade show.
Forte Capital Partners
Status Quo Order Executed by Delaware Chancery Court on SmartVideo
SAN FRANCISCO, Nov. 8, 2005 (PRIMEZONE) -- Forte' Capital Partners announced today that the Delaware Chancery Court has granted its request for a Status Quo Order (SQO) on SmartVideo Technologies (OTCBB:SMVD). The SQO prohibits SmartVideo's current management from taking any actions outside the ordinary course of business without giving prior written notice to Forte' Capital Partners. Prior notice will be required for such actions as issuance of additional shares, raising of equity capital, or selling all or substantially all of the company's stock or assets. In addition, the SQO requires SmartVideo to preserve the business records and assets of the Company, leaves the incumbent management in place, and bars communication between Forte' Capital Partners and SmartVideo.
Empire Global Corp.
Empire Global Corp. to Acquire Excel Empire Limited
THORNHILL, Ontario, Nov. 8, 2005 (PRIMEZONE) -- Empire Global Corp. (OTCBB:EMGL) (the "Company") announced today that it has entered into a Plan of Merger and Reorganization Agreement with Excel Empire Limited, a British Virgin Islands Corporation ("Excel") whereby Empire Global Corp. ("Empire"), will acquire 100% of the capital stock of Excel through the issuance of 36,400,000 Restricted Shares of Common Stock of Empire Global Corp.
EMS Technologies, Inc.
EMS Technologies Announces Record Quarterly Sales and Strong Earnings from Continuing Operations
ATLANTA, Nov. 8, 2005 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today reported strong earnings from continuing operations in the third quarter on record revenues. Third-quarter earnings from continuing operations were $3.3 million or $.29 per share in 2005, which tripled the $1.0 million in earnings, or $.09 per share, reported for the comparable period in 2004. Third-quarter revenues from continuing operations in 2005 were $84.4 million -- 46% higher than the revenues of $57.6 million reported in 2004.
NorthStar Realty Finance Corp.
NorthStar Realty Finance Announces 2005 Third Quarter Results
NEW YORK, Nov. 8, 2005 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) today announced its results for the quarter ended September 30, 2005. The Company reported Adjusted Funds from Operations (AFFO) of $7.9 million in the third quarter of 2005, or $0.29 per share, compared to $3.3 million, or $0.13 per share, for the second quarter of 2005. The Company generated revenues of $17.6 million in the third quarter of 2005 compared to $14.2 million in the second quarter of 2005, as adjusted for discontinued operations. Net income for the third quarter of 2005 was $4.8 million, or $0.23 per share, compared to $1.2 million, or $0.06 per share in the second quarter, excluding an $8.6 million gain on the sale of an asset, or $0.41 per share. For a reconciliation of net income to AFFO, please refer to the tables on the following pages.
Pop3 Media Corp
Pop3 Media Corp. Receives Deal Memo From SBC
BEVERLY HILLS, Calif., Nov. 8, 2005 (PRIMEZONE) -- Pop3 Media Corp. (OTCBB:POPTE) today announced that coinciding with the appointment of Ari Bass as CEO on October 31, 2005, that SBC Operations, Inc. delivered a signed Memorandum of Understanding (MOU) concerning a proposed Output Agreement. SBC Operations, Inc., is part of SBC Communications Inc., one of the world's leading diversified telecommunications companies.