latest news releases from the newsroom
SmallCap Sentinel: Separating Snake Oil from Solution
IRVINE, Calif., Dec. 7, 2005 (PRIMEZONE) -- "In a biotechnology industry racing awkwardly to prepare for the juggernaut of aging baby boomers, there is a chorus of wild claims, projections and promises," stated SmallCap Sentinel analyst, D.R. Clark. "But astute investors will survey the biotech landscape for companies garnering patents and FDA approvals. As laypeople we can't know the essence of their science or vet the veracity of their claims but we can look to patent and FDA approval as a means to separate snake oil from solution."
Sun New Media Inc.
Sun New Media Increases Stake in Sun Business Network and Gains Access to Nationwide Fiber-Optic Network
DIAMOND BAR, Calif., Dec. 7, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) (SNMI) today announced an agreement with its parent company Sun Media Investment Holdings, Ltd. ("Sun Holdings"). Under the agreement, SNMI will purchase 75 million common shares of Sun Business Network ("SBN") from Sun Holdings. SBN is a publicly traded company on the Singapore Stock Exchange. Once the transfer is complete and pending the closing of a previously announced transaction between SNMI and SBN, SNMI will control 29% of the publicly traded shares in SBN. As part of the agreement, Sun Holdings will also grant SNMI limited use-rights to a 32,440 km fiber-optic network in the People's Republic of China.
Baird Venture Partners Closes New Investment in Pinstripe, Inc.
MILWAUKEE, Dec. 7, 2005 (PRIMEZONE) -- Baird Venture Partners (BVP), the U.S.-based venture capital affiliate of investment firm Robert W. Baird & Co. (Baird), has completed an investment in Milwaukee-based Pinstripe, Inc., a leading recruitment process outsourcing (RPO) services provider focused on talent acquisition and management solutions. BVP led the Company's Series A Preferred Stock financing with participation from The State of Wisconsin Investment Board and management. In connection with the investment, Bill Filip and James Pavlik of Baird Venture Partners will join the Company's board of directors.
China-AsiaStocks.com Announces New Featured Company Puda Coal, Inc., Producer of Clean Coking Coal for the Steel Making Industry
POINT ROBERTS, Wash., Dec. 7, 2005 (PRIMEZONE) -- www.China-AsiaStocks.com (CAS), an investor and industry news portal for the China-Asia sector, announces Puda Coal, Inc. (OTCBB:PUDC), a producer of clean coking coal used in the production of steel, as a new featured company. Puda Coal, specializing in cleaning and marketing China's top grade coking coal, has become China's leading supplier for the steel making industry.
ActiveCore Technologies, Inc.
ActiveCore Unveils Revolutionary New Messaging Product
TORONTO, Dec. 7, 2005 (PRIMEZONE) -- ActiveCore Technologies, Inc. (OTCBB:ATVE), a Company that operates a group of subsidiaries and divisions in the U.S., U.K. and Canada that offer a Smart Enterprise Suite of products, is pleased to announce that it has introduced VideoCAST(tm), a revolutionary new video/email product with incredible commercial and marketing applications.
Budget Waste Inc.
Budget Waste Inc. Implements New Management and Strategic Direction
CALGARY, Alberta, Dec. 7, 2005 (PRIMEZONE) -- Since incorporating in 2001, Budget Waste Inc. (BWI) (Pink Sheets:BDWT) has become the largest local roll off waste hauling company in the Calgary, Alberta, Canada area. After restructuring the company and implementing senior management changes, BWI has shown strong profitability enabling BWI to implement their strategic growth through acquisition strategy and organic growth. Current projections for 2005 are for BWI's revenue to increase by 35% from 2004 (excluding acquisitions) and with forecasted revenue increasing an additional 50% by 2006.