latest news releases from the newsroom
Global Concepts Ltd.
Transportation Logistics Acquires Breakthrough Medical Device Company
EAST ORANGE, N.J., June 3, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc.(OTCBB:TRPL) announced today that it had purchased Advanced Medical Diagnostics, LLC (AMD) in an all stock transaction. AMD, headquartered in East Orange, New Jersey, is the designer, manufacturer and distributor of a low cost, rapid, self-testing HIV (1+2) Diagnostic Kit.
Thinkpath Announces $400,000 of new Technical Publishing Contracts
TORONTO, June 3, 2004 (PRIMEZONE) -- Thinkpath Inc. (OTCBB:THTHF), a global provider of technological solutions and services in engineering knowledge management including design, build, drafting, technical publishing and consulting, announced $400,000 worth of new contracts with existing manufacturing clients for Technical Publishing services. These contracts emanate from existing projects and span the balance of the fiscal year.
Elanders Acquires Skovde Offset
KUNGSBACKA, Sweden, June 03, 2004 (PRIMEZONE) -- Elanders strengthens its positions within the segment the Service Sector and adds to our competence in the high quality sector of sheet-fed offset through the acquisition, which is expected to have a positive effect on turnover and profit for 2004.
Final Count Shows Bigger Oversubscription in Medivir's New Share Issue
HUDDINGE, Sweden, June 3, 2004 (PRIMEZONE) -- The final count for Medivir's new share issue shows that 4,263,695 B shares, corresponding to 99.16 percent of those offered, were subscribed through the exercise of subscription rights. Including the B shares that were subscribed without the support of subscription rights, the new share issue was oversubscribed by approximately 22 percent. Thus, the final result was higher than the preliminary result announced on 28 May 2004. The proceeds from the new share issue will total SEK 322.5m.
Superscape Group PLC
iaSolution and ARM Announce Collaboration for Deployment of Superscape Swerve Client 3D Technology
HAMPSHIRE, U.K., June 3, 2004 (PRIMEZONE) -- iaSolution. Inc., a leading J2ME technology company, and ARM, (LSE:ARM); (Nasdaq:ARMHY), announce a collaboration for the deployment of the Swerve client, a fully-compliant Java Mobile 3D Graphics (JSR 184) solution, in iaSolution's iaJET Java VM platform. The deployment will enable key handset OEMs in the APAC region, primarily China, Korea and Taiwan, to deliver compelling 3D Java gaming experiences to operators and end users.
XsunX and MVSystems, Inc. Announce Cooperative Venture to Develop Solar Electric Vision Glass
ALISO VIEJO, Calif., June 3, 2004 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of an innovative process to produce solar electric vision glass, announced that it has entered into a letter of intent with Colorado based MVSystems, Inc. The terms of the proposed agreement provide XsunX with exclusive licensing of MVSystems patent portfolio and technical know how for use by XsunX in the development, commercialization and licensing of processes for the manufacture of semi-transparent photovoltaic glazing technologies. In addition to the opportunities associated with access to MVSystems patent portfolio, the proposal also calls for a cooperative venture in which MVSystems will essentially operate as the research and development arm of XsunX under the guidance of Dr. Arun Madan, MVSystems founder and President.
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP, Representing Shareholders Of Vaso Active Pharmaceuticals, Inc., Announces Update To Shareholder Lawsuit -- VAPH
LOS ANGELES, June 2, 2004 (PRIMEZONE) -- Glancy Binkow & Goldberg LLP -- representing shareholders of Vaso Active Pharmaceuticals, Inc. -- announces 5 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased securities of Vaso Active Pharmaceuticals, Inc. ("Vaso" or the "Company")(Pink Sheets:VAPH) between December 11, 2003 and March 31, 2004, inclusive (the "Class Period"), may move the Court not later than June 7, 2004, to serve as lead plaintiff, however, you must meet certain legal requirements.
Penn's Landing Corporation
2004 Islamic Festival to Premiere Islamic Museum
PHILADELPHIA, June 2, 2004 (PRIMEZONE) -- Celebrate Islamic Heritage with the debut of a unique traveling Islamic Museum at the Islamic Festival, presented by the Islamic Cultural Preservation and Information Council (ICPIC) as part of PECO Energy Multicultural Series. This FREE event will take place on the Great Plaza at Penn's Landing, Columbus Boulevard and Chestnut Street on June 12, 2004 from Noon-8:00 p.m. Independence Blue Cross is the presenting sponsor of the 2004 Summer Season.
Innova Holdings, Inc.
Innova Holdings (The Intended New Name of Hy-Tech Technology Group) Announces $500,000 Reduction in Debt and Management Restructuring
FORT MYERS, Fla., June 2, 2004 (PRIMEZONE) -- Innova Holdings, Inc. (the intended new name of Hy-Tech Technology Group, Inc.) (OTCBB:HYTT) (the "Company"), today announced that it has executed a definitive agreement with Advanced Communications Technologies, Inc. (OTCBB:ADVC) ("ACT") to remove $503,500 in secured convertible debentures from its balance sheet, and has restructured its management team.