latest news releases from the newsroom
Lantronix to Present at Needham & Company 2005 Growth Conference
IRVINE, Calif., Jan. 6, 2005 (PRIMEZONE) -- Lantronix (Nasdaq:LTRX) today announced that the company management will make a presentation at the Needham & Co. Seventh Annual 2005 Growth Conference in New York City on Thursday, January 13, 2005 at approximately 1:30PM Eastern Standard Time. The conference, held at the New York Palace Hotel, provides an opportunity for management to address investors and other interested persons.
Interactive Motorsports and Entertainment Corp.
Interactive Motorsports Announces $1.5 Million Asset Sale At Year End, and Option For Additional $1.3 Million Sale By Second Quarter Of 2005
INDIANAPOLIS, Jan. 6, 2005 (PRIMEZONE) -- Interactive Motorsports and Entertainment Corporation (OTCBB:IMTS) today announced that it, along with its subsidiaries Perfect Line and Race Car Simulators, entered into an Asset Purchase Agreement on December 31, 2004 pursuant to which it sold thirty-four (34) of its race car simulators to Race Car Simulation Corporation ("RCS"), a portfolio company of Dolphin Direct Equity Partners, LP ("Dolphin") for an aggregate purchase price of $1,536,600. The Agreement also grants RCS an option to purchase an additional ten (10) race car simulators for an aggregate purchase price of $1,320,000.
Power Technology Inc.
Power Technology Settles Patent Dispute with Alvin Snaper, All Rights Assigned to PWTC
HOUSTON, Jan. 6, 2005 (PRIMEZONE) -- Power Technology (OTCBB:PWTC) announced today that the Company has settled all litigation related to the ownership of patents developed by the company. The Company has received assignments from Alvin Snaper of all the battery technology rights and patent rights that were in dispute. The Company paid Alvin Snaper $20,000.00 to settle the litigation. Alvin Snaper is bound by a "share lockup agreement" and for a period of one-year, he will not be permitted to sell or transfer ownership of any of his shares of Common Stock of the Company. Power Technology now has undisputed, complete ownership to the intellectual property and patent rights of its revolutionary battery technology.
QLogic Executives to Present at Seventh Annual Needham Growth Conference, Tuesday, Jan. 11
ALISO VIEJO, Calif., Jan. 6, 2005 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that H.K. Desai, chairman, CEO and president, and Tony Massetti, vice president and CFO, will deliver a company presentation at the Seventh Annual Needham Growth Conference, Tuesday, Jan. 11, at 11 a.m. EST, at The New York Palace Hotel in New York City.
Goldnev Resources, Inc.
Goldnev Resources Appoints Senior Executive Officer
CALGARY, Alberta, Jan. 6, 2005 (PRIMEZONE) -- In keeping with its redirected focus to the Petroleum Industry, GOLDNEV RESOURCES INC. (TSX Venture Exchange:GNZ) is pleased to announce that Mr. B.J. Seaman, P.Eng. has consented to join the corporation as Vice President - Corporate Finance. Mr. Seaman brings over 5-1/2 decades of oil and gas expertise to the Company to complement other recent appointments (G. Isfan, P. Geol., President - 47 years; Les Margetak, Chairman - 30 years) for a combined total of over 135 years of experience in essentially all critical phases of the Petroleum Industry.
SMS.ac Working to Create Future Tsunami, Earthquake and Emergency Warning System
SAN DIEGO, Jan. 6, 2005 (PRIMEZONE) -- The host to the largest mobile community in the world (www.sms.ac/corporate) has begun working with foreign governments in the hope that an early warning system can be created using mobile communication. SMS.ac contends that a mobile communication-based alert system could potentially save thousands of lives in the wake of a future tsunami, earthquake, fire or other emergency.