latest news releases from the newsroom
Omagine, Inc. Subsidiary, Journey of Light, Inc., Signs MOU with BankMuscat
NEW YORK, Dec. 6, 2007 (PRIME NEWSWIRE) -- Omagine, Inc. (OTCBB:OMAG) (Omagine or the Company) today announced that its wholly owned subsidiary, Journey of Light, Inc. (JOL), has signed a memorandum of understanding (MOU) with BankMuscat SAOG (BankMuscat or the Bank), the largest commercial bank in the Sultanate of Oman.
Blue Frog Solutions Releases Annuity Replacement Evaluator
POMPANO BEACH, Fla., Dec. 6, 2007 (PRIME NEWSWIRE) -- Blue Frog Solutions, a leading provider of life and annuity solutions for order management, compliance, and straight-through processing, today released its Annuity Replacement Evaluator (ARE), a tool for analyzing and evaluating annuity 1035 exchanges and qualified plan replacements.
Joy Global Inc.
Joy Global Inc. Updates Full Year Guidance
MILWAUKEE, Dec. 6, 2007 (PRIME NEWSWIRE) -- Joy Global Inc. (Nasdaq:JOYG), a worldwide leader in high-productivity mining solutions, today reported that, based on preliminary reviews, it will record tax adjustments in its fourth quarter that will increase the quarter's book tax rate to approximately 51 percent and the book tax rate for the full year to approximately 38 percent.
Globalstar Announces Satellite Service Provider Agreement With Globaltouch West Africa
MILPITAS, Calif., Dec. 6, 2007 (PRIME NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and individuals, today announced that it has signed an agreement with Globaltouch West Africa Limited (GWAL) based in Nigeria. GWAL will offer Globalstar satellite voice and data services to customers in Nigeria, the surrounding portions of Western Africa, as well as parts of the coastal Atlantic and Gulf of Guinea maritime region. GWAL is headquartered in Lagos, Nigeria, and the new satellite gateway ground station will be located in Kaduna, Nigeria. Globalstar, Inc. will own 30 percent of the new venture.
Silver Dragon Resources Inc.
Silver Dragon Appoints R. Glen MacMullin to Board of Directors
TORONTO, Dec. 6, 2007 (PRIME NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce the appointment of R. Glen MacMullin to the Company's Board of Directors. Mr. MacMullin is an independent board member in accordance with U.S. and Canadian corporate governance and securities requirements. As a result of Mr. MacMullin's appointment, Silver Dragon's current Board of Directors is made up of three executives and two independents, for a total of five members.