latest news releases from the newsroom
Alpha Spacecom Investor Relations
Alpha Spacecom Executes Business Plan with 100 Digital Conversions Completed and Joint Venture Signing
HONG KONG and LOS ANGELES, April 14, 2005 (PRIMEZONE) -- Alpha Spacecom, Inc. (OTCBB:ASPC), a China-based entertainment Company converting movie theaters and multi-cinema complexes to digital projection, announced that it has completed the conversion of 100 theaters to digital format, on schedule and in anticipation of the signing of its landmark Joint Venture later this month. The signing of the Joint Venture will take place at a ceremony attended by high ranking Chinese government officials, vendors and Alpha Spacecom / China Film Group Management.
Market Pulse Announces Its Hot Stock Alerts for Thursday, April 14, 2005: TLPE, JDSU, AMD, KLAC
ATLANTA, April 14, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, TelePlus Enterprises, Inc. (OTCBB:TLPE), to the investment community! TelePlus is new to Market Pulse and is poised to become a significant player in the wireless communications industry! TLPE has had several excellent news announcements out lately and one again before today's opening bell regarding its acquisition of Canada Reconnect! Investors should be watching this one closely! Other notable stocks that look great lately from a fundamental and technical perspective include:
Emulex's Stuart Berman Named One of InfoWorld's Top 25 Chief Technology Officers for 2005
COSTA MESA, Calif., April 14, 2005 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the industry's preeminent source for a broad range of advanced storage networking infrastructure solutions, today announced that Vice President and Chief Technology Officer Stuart Berman has been named to the list of Top 25 CTOs for 2005 by InfoWorld Media Group. The annual award honors IT executives who have demonstrated exceptional innovation and leadership within their organization as well as in the industry. The award was announced in the April 11 issue of InfoWorld, and is available online at http://www.infoworld.com/2701.
Overseas Shipholding Group, Inc.
OSG to bareboat 10 Jones Act product carriers built by Kvaerner Philadelphia Shipyard, Inc.
OSLO, Norway and NEW YORK, April 14, 2005 (PRIMEZONE) -- Kvaerner ASA (Oslo:KVI) and Overseas Shipholding Group, Inc. (NYSE:OSG) announced today that they had signed an agreement in principle pursuant to which Kvaerner's subsidiary, Kvaerner Philadelphia Shipyard, Inc. (KPSI), will construct ten Veteran MT-46 class Jones Act Product Tankers, with an option for two additional vessels, and transfer them to another subsidiary which will bareboat charter them to subsidiaries of OSG for initial terms of five or seven years, with extension options for the charterer. For Kvaerner, the proposed transaction is valued at more than USD 500 million. The agreement in principle is subject to, among other conditions, approval by the Boards of Directors of Kvaerner and OSG, preparation and execution of final agreements and relevant government approvals.