latest news releases from the newsroom
China Gold Corp.
China Gold Corp. Announces Update on Forward Stock Split
GUANG NING, China, May 12, 2006 (PRIMEZONE) -- China Gold Corp. (Pink Sheets:CGDC), a Nevada Corporation, engaged in gold and minerals exploration and development of gold and mineral properties in China, would like to update on the forward stock split of the company's common stock. On a press release dated April 28, 2006, all shareholders of record on closing Friday, May 12, 2006 will be entitled to four additional shares of common stock for each share of common stock held on that date. The company's shares will be trading on a post split basis at the opening bell on Monday, May 15, 2006.
Moist Music / Warlock Records
DJ-Producer George Acosta releases All Rights Reserved (Moist Music), 5/14/2006
MIAMI, May 12, 2006 (PRIMEZONE) -- Remember the first time you heard Paul Oakenfold? The first time you listened to Tiesto? You danced 'til sunrise while Paul Van Dyk played buoyant, emotional trance. You loved Armin Van Buuren, Ferry Corsten and Sander Kleinenberg because their music lifted you and imparted goosebumps. Those epic, glorious tunes with soaring swells and thunderous crashes moved you. Enter: DJ-producer George Acosta, here to capture the throne of euphoric trance.
IElement Corporation Announces Fourth Quarter Renewals
DALLAS, May 12, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that its fiscal fourth quarter (ending March 31) customer renewal and new sales numbers beat expectations for the third straight quarter and totaled $520,166. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Industrial Enterprises of America, Inc.
Industrial Enterprises of America Raises Earning Guidance for Fiscal Year Beginning July 1, 2006
NEW YORK, May 12, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTCBB:ILNP), a specialty manufacturer and distributor of automotive aftermarket supplies, announces that the Company has raised earnings guidance to $10 million for the fiscal year ending June 30, 2007. Management has increased guidance by $2 million based upon the sale of Springdale Specialty Plastics which allows the company to reduce current debt obligations and decrease its overall costs of goods sold, as well as increases in profit margins due to efficiencies in consolidation and purchasing.
Ho! Ho! Ho! Christmas Comes Early for Santa Claus Residents
SANTA CLAUS, Ind., May 12, 2006 (PRIMEZONE) -- To stay ahead of its growing customer base and demand for its voice and data services, Verizon Wireless has activated a new cell site in Santa Claus, enabling more customers to use their wireless phones to make calls, send and receive text and picture messages, and download games and ringtones.
Diamyd Medical AB
Khandaker Partners to Initiate Coverage of Diamyd Medical
STOCKHOLM, Sweden, May 12, 2006 (PRIMEZONE) -- Diamyd Medical AB (Stockholm:DIAMB) (Other OTC:DMYDF) with its lead drug candidate for diabetes in Phase IIb trials, announced today that Khandaker Partners, a US-based independent research and advisory firm specializing in small-cap and emerging growth companies, has agreed to initiate coverage of the Company. Khandaker Partner's first analytical report is planned to be released in approximately four weeks. Subsequent follow-up analytical reports are expected to be published every quarter thereafter.
TASER International, Inc.
Living the Legacy Scholarship Program to Benefit Families of Fallen Heroes
WASHINGTON, May 12, 2006 (PRIMEZONE) -- The TASER(r) Foundation for Fallen Officers and American Public University today announced the Living the Legacy Scholarship program. The 2006 awards will provide distance learning opportunities to immediate family members of law enforcement officers killed in the line of duty. Washington, D.C., Metro Police Department Chief Charles Ramsey was on hand to lend his support to the partnership which recognizes the sacrifices of law enforcement officers during 2006 National Police Week in Washington.
CipherPass Corporation Agrees to Follow-on Financing with FutureVest, Inc.
SANTA MONICA, Calif., May 12, 2006 (PRIMEZONE) -- CipherPass Corporation (Pink Sheets:CPHC), an innovator of digital certificate management solutions, announced it has a signed financing commitment of $6,125,000 led by FutureVest, Inc. (Pink Sheets:FRVT). The combined financing will be in the form of a $1,125,000 convertible debenture and $5,000,000 in convertible preferred stock.
Grand Havana Enterprises Inc.
Grand Havana Enterprises, Inc. Reports Second Fiscal Quarter Earnings
NEW YORK, May 12, 2006 (PRIMEZONE) -- Grand Havana Enterprises, Inc. (Pink Sheets:PUFF) today announced that it has released its second fiscal quarterly earnings for the period ending March 26, 2006. The company had revenues of $2,047,370 compared to $2,004,865 for the fiscal quarter ending March 27, 2005, an increase of $42,505 or approximately 2.1 percent. The company had a net income of $33,241 for the second fiscal quarter ended March 26, 2006 compared to net income of $23,114 for the fiscal quarter ending March 27, 2006, an increase in net income of $10,127 or approximately 43.8 percent.