latest news releases from the newsroom
SmallCap Sentinel: Oh, Canada -- BevNET Review Buoys Canadian Comeback
IRVINE, Calif., May 30, 2006 (PRIMEZONE) -- "Industry reviews of new products can be critical -- whether it's a film at Cannes or beverage in a can...or redesigned bottle," said SmallCap Sentinel analyst D.R. Clark. "Eventually, the consumer makes the ultimate decision as to a product's viability but bullish industry reviews certainly are a common precursor to retail success."
Trinity3 Corp. Announces Better-Than-Expected Year-End Revenue
IRVINE, Calif., May 30, 2006 (PRIMEZONE) -- Trinity3 Corporation (OTCBB:TRYT) reported today that its revenues for the year ended 12/31/05 of $1,152,000 outpaced its earlier estimates of $950,000 by over $200,000. Revenue for the period beat the company's earlier estimates by 21 percent and represents a 35 percent increase over revenue for the previous year.
Industrial Nanotech, Inc.
Industrial Nanotech Reports Successful Application of Nansulate High Heat on Brewery
NAPLES, Fla., May 30, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced that Grupo Modelo, Mexico's leading brewery and distributor of beer, including Corona, the top selling Mexican beer in the world and the fourth most popular brand worldwide, has successfully utilized Nansulate High Heat for thermal insulation and corrosion protection on an interchanger.
CDMA Development Group
CDMA2000 Operators Lead in Advanced Data in Latin America and the Caribbean
SAO PAULO, Brazil, May 30, 2006 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) reported today that 22 operators in 17 countries throughout Latin America and the Caribbean have deployed or are building CDMA2000(r) 1xEV-DO networks. Capitalizing on the high-speed data capabilities of 1xEV-DO technologies, operators have introduced a broad range of broadband data services to address diverse market needs, ranging from broadband access in underserved areas to the most advanced applications, such as live TV and 3D gaming, for the mobile customer. Operators are seeing a significant demand for 1xEV-DO services, with the subscriber base growing at 40% per quarter.
Chelsea Therapeutics Signs Exclusive Droxidopa License Agreement With Dainippon Sumitomo Pharma
CHARLOTTE, N.C., May 30, 2006 (PRIMEZONE) -- Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) has entered into an exclusive license agreement with Dainippon Sumitomo Pharma Co., Ltd. (DSP) for the global development and commercialization rights to L-Threo DOPS (L-DOPS or Droxidopa), excluding Japan, Korea, China and Taiwan. Droxidopa, a synthetic amino acid for the treatment of neurogenic orthostatic hypotension, currently generates annual revenue of approximately $50 million in Japan.
Quest for Digital Convergence May Trigger Next Tech Boom, According to PricewaterhouseCoopers
NEW YORK and LONDON, May 30, 2006 (PRIMEZONE) -- The pursuit of digital convergence, and the resulting "urge to merge," will likely bring about the next boom in the technology industry. Executives have learned from the last bubble and are approaching the current round of mergers and acquisitions more strategically, according to PricewaterhouseCoopers' "Technology Executive Connections" report, released today.
Marsh Supermarkets Inc.
Marsh Supermarkets Announces Receipt of Letters Concerning Possible Competing Acquisition Proposal
INDIANAPOLIS, May 30, 2006 (PRIMEZONE) -- Marsh Supermarkets, Inc. (Nasdaq:MARSA) (Nasdaq:MARSB) ("Marsh" or the "Company") today announced that it had received an unsolicited letter, dated May 22, 2006, from Drawbridge Special Opportunities Advisors LLC and Cardinal Paragon, Inc. ("Drawbridge/Cardinal") requesting that Marsh consent to Drawbridge/Cardinal making a proposal to acquire Marsh for $13.625 per share in cash, subject to completion of due diligence, and otherwise on substantially the same terms as the previously announced merger agreement with MSH Supermarkets Holding Corp. ("MSH"), an affiliate of Sun Capital Partners, Inc.