latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- U.S. Coast Guard's Deepwater Contract Announcement Accelerates Offshore Patrol Cutter Program
PASCAGOULA, Miss., June 24, 2004 (PRIMEZONE) -- Ushering in another key milestone for the Integrated Deepwater System program, the U.S. Coast Guard and Integrated Coast Guard Systems (ICGS) today announced that preliminary design and final requirements work will commence immediately on the new Offshore Patrol Cutter (OPC) program. This effort will lead to a new type of highly capable, cutting-edge, medium-endurance cutter. Today's action accelerates the effort to launch the OPC by a full three years, compared to the Deepwater program's originally proposed schedule. This initial OPC contract assigned to ICGS establishes the critical first-step engineering efforts that will occur over the next twelve months.
The Jordan Company L.P.
The Jordan Company's Sensus Metering Systems Acquires the Assets of NexusData
NEW YORK, June 24, 2004 (PRIMEZONE) -- The Jordan Company, L.P. ("Jordan") announced that Sensus Metering Systems, Inc. ("Sensus"), a company formed by Jordan in December 2003 to acquire the Invensys Metering Systems business from Invensys plc, completed the purchase of certain assets of NexusData, Inc. ("Nexus") on June 8, 2004. The acquisition of Nexus will provide Sensus with a fixed network automatic meter reading ("AMR") capability for the water, gas and electric utility markets. The combination of the Company's existing mobile radio read AMR system and NexusData's fixed base AMR system will enable Sensus to offer its customers the most comprehensive AMR solution options available in the utility marketplace.
Intrepid Technology and Resources, Inc.
Intrepid Receives New Contract Extension
IDAHO FALLS, Idaho, June 24, 2004 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB:IESV), a renewable energy company, has been awarded a significant new contract extension to their ongoing Oak Ridge Associated Universities studies on the long-term effects of radiation on personnel working at the United States Department of Energy facilities. This contract extension is in excess of $110,000 and runs through September 30, 2004. Dr. Dennis Keiser, ITR's chairman, stated in announcing the contract extension, "This award is a strong indicator of the exceptional quality of work ITR produces and the high regard that present customers hold our employees in and ITR's commitments to quality, service and on time delivery."
Stockwinners.com Option Picks Average Short-Term Gain of Eighty-Six Percent; Recent Rumors Up Twenty-One Percent
AUSTIN, Texas, June 24, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Stockwinners.com. Selections featured in recent Stockwinners.com, http://www.STOCKWINNERS.com, Option Picks postings registered an average short-term gain of 86 percent. In the four months ending June 18th, the equities research firm addressed the upward price potential of 336 publicly traded stock options. The average selection was up 86 percent in nine days. The postings included two hundred two calls and one hundred thirty-four puts.
Continental Beverage & Nutrition, Inc.
Continental Beverage & Nutrition Stock Traded on Berlin-Bremen Stock Exchange Without Authorization
GARDEN CITY, N.Y., June 24, 2004 (PRIMEZONE) -- Continental Beverage & Nutrition, Inc. (OTCBB:COBN) has learned that it is one of an extensive list of publicly traded companies in the United States whose stock has been listed on the Berlin-Bremen Stock Exchange without prior knowledge, consent or authorization, and has subsequently notified the authorities at the Berlin-Bremen Stock exchange to immediately de-list and cease trading COBN from its exchange. It is the belief of many of the companies that have been listed without consent that the listings appear to be part of an effort by domestic and foreign brokers to circumvent the recent NASD and SEC restrictions against "naked short selling." Such practices may allow for market manipulation by selling non-existent shares of stock in an effort to force the price down.
Wi-Fi TV Inc.
Wi-Fi TV, Inc. Announces Formation of Wi-Fi Television Network With Free Demo, and Plans to License Web Sites Developed Since 1995
NEWPORT BEACH, Calif., June 24, 2004 (PRIMEZONE) -- Wi-Fi TV, Inc. (Pink Sheets:WFTV) announced today that has commenced the launch of an online television network aimed at the exploding "wi-fi" delivery marketplace, and to users of wi-fi enabled devices ranging from cell phones to laptop computers to TVs. The June 21, 2004 edition of Forbes magazine reports that there are expected to be 30 million worldwide wi-fi users during 2004. Wi-Fi TV, Inc. is demonstrating its online TV delivery capabilities through continuous live-streaming programming at www.wi-fitv.com. At the same time, Wi-Fi TV, Inc. also announced its plans to license certain websites that the company has been developing since 1995.
pMDsoft Inks Deal with Huntington Hospital in New York
ATLANTA, June 24, 2004 (PRIMEZONE) -- pMDsoft announced today that it had signed a contract with Huntington Hospital, part of the North Shore -- Long Island Jewish Health System, in Long Island, New York, to implement the pMDsoft hand-held data capture system. The pMDsoft product will provide the doctors with the ability to schedule cardiac patients for out patient procedures, record visit transactions and send billable transactions directly to the hospital's billing services. The pMDsoft functionality will eliminate unwanted paper trails and improve billing accuracy.