latest news releases from the newsroom
Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Completes Repayment of Loan from Cornell Capital
RIVERBANK, Calif., Aug. 30, 2005 (PRIMEZONE) -- Itec Environmental Group, Inc. (OTCBB:ITEC) announced today that it is no longer indebted to Cornell Capital Group under a standby equity distribution agreement (the "SEDA") whereby Cornell loaned funds to Itec. Pursuant to the terms and conditions of the SEDA, Itec placed in escrow shares of its free-trading common stock as security for its loan obligations to Cornell. From time to time, Cornell has sold shares of common stock of Itec held in escrow to satisfy unpaid loan obligations of Itec to Cornell.
Information Technology Solution Providers Alliance
From Wi-Fi to WiMax: ITSPA Helps Businesses Get on the Move
DALLAS, Aug. 30, 2005 (PRIMEZONE) -- Work off-site? Travel with a briefcase full of paper? Wish your business trips were full of working instead of waiting? Need access to e-mail and documents while in meetings? If you can answer yes to any of these questions, it's time to consider technology that moves with you. Not only will you increase individual productivity, but you can also maximize your company's effectiveness and minimize travel costs by efficient use of technology and smart mobility management.
Bulldog Technologies, Inc.
Bulldog Technologies Inc. -- Entry into Convertible Note Offering
RICHMOND, British Columbia, Aug. 30, 2005 (PRIMEZONE) -- Bulldog Technologies Inc. (the "Company") (OTCBB:BLLD) today announced that it has entered into private placement agreements with institutional investors to issue $2.1 million of 6 percent Convertible Notes, convertible into 1,981,132 shares of Common Stock. The investors are also to be issued warrants exercisable for five years from the closing date to purchase up to 792,453 shares of common stock at an exercise price of $1.25 per share. The Company anticipates that the closing of the convertible note offering will occur within several days following the date of this press release. The proceeds of the private placement will be used for general corporate purposes. Oppenheimer & Co. Inc. was the placement agent for the transaction. Due to conditions precedent to closing, and the risk that the conditions precedent will not be satisfied, there is no assurance that the Company will complete the convertible note offering.
Saab Wins MSEK 150 Order for Gripen Support Systems
LINKOPING, Sweden, Aug. 30, 2005 (PRIMEZONE) -- Saab has received an order from FMV to develop support systems for the JAS 39 Gripen. The order is worth MSEK 150 and is a supplement to the existing contract for Gripen support systems.
Contract with Infomercial Specialist Mercury Media Signals Pre-Launch Plans for The Children's Internet
PLEASANTON, Calif., Aug. 30, 2005 (PRIMEZONE) -- The Children's Internet, Inc. (OTCBB:CITC), marketers of the product ranked by PC Magazine as Editors' Choice in the category of "Kids' Browsers and Services", today announced that it has signed a contract with Mercury Media of Santa Monica, CA, to exclusively manage the distribution of its television Infomercial. Mercury Media is an advertising agency that specializes in purchasing broadcast television airtime for direct response advertising.