latest news releases from the newsroom
Labwire Announces Contract Extension with Hollywood Video
HOUSTON, Aug. 29, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announces that Hollywood Video, the nation's second largest video rental chain, has renewed and extended the Company's contract for an additional year. The contract, initially signed on July 10, 2000, encompasses drug screening services to be provided to Hollywood Video's West Coast Distribution center.
Beneficial Holdings, Inc.
Beneficial Launching National TV, Radio, and Print Advertising Campaign
SALT LAKE CITY, Aug. 29, 2005 (PRIMEZONE) -- Beneficial Holdings (Pink Sheets:BFHJ) is pleased to announce that it will start launching regional and national TV, radio, and print ads starting September 2005. The initial advertising campaign will include a mix of 30 and 60 second TV and radio spots, along with print ads in newspapers and magazines. Products that will be featured in these ads include WillpowerRX, EnjoyRX, EnduranceRX, and BedtimeRX. For more information, visit us online at www.WillpowerRX.com
Neoware Unveils Groundbreaking Heavy-Duty Thin Client that Drives Security, Manageability, and Reliability to New Levels
KING OF PRUSSIA, Pa., Aug. 29, 2005 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of enterprise software, thin client appliances and related services, today announced the Neoware e900, a groundbreaking thin client designed to support industrial thin client applications in the harshest working conditions with superior security, manageability and reliability.
Mayban Fortis Enters into Conditional Agreement to Acquire Malaysia National Insurance Holdings
BRUSSELS, Belgium, Aug. 29, 2005 (PRIMEZONE) -- Mayban Fortis -- the joint venture between Maybank (70% ownership) and Fortis (30% ownership) -- and PNB / ARN-ASB -- the majority shareholders of Malaysia National Insurance Holdings (MNIH) -- are pleased to announce that they have entered into a conditional sale and purchase agreement with a view to the acquisition of PNB /ARN-ASB's 74.24% stake in MNIH by Mayban Fortis. The acquisition price of 4.02 RM per share implies an estimated total value of MNIH of around EUR 245 million (RM 1138 million). The start of negotiations has received approval by Bank Negara Malaysia but the completion of the acquisition is subject to due diligence and regulatory approvals and is expected for Q4 2005. When succesful, the acquisition will be followed by a mandatory public offer for the remainder of the ownership. This agreement will have no material impact on Fortis' profit and solvency position.MNIH is an insurance holding company listed on the Kuala Lumpur Stock Exchange. Its operating companies offer Life, Non-life, and Takaful insurance, which respectively represent 40%, 28% and 32% of MNIH gross written premiums. The products are offered through direct sales as well as through the bancassurance and agent channels.
Eagle Environmental Technologies Ltd
Eagle Environmental Technologies Ltd. Reduces the Number of Directors
RENO, Nev., Aug. 29, 2005 (PRIMEZONE) -- Brian Wilmot, Eagle Environmental Technologies' (Pink Sheets:EGVR) CEO, announced that Pamela Runyon, one of our new directors and Vice President, ZawCAD division, has resigned from the company due to personal reasons, effective August 21, 2005. Ms. Runyon's expertise in purchasing and distribution of finished products would have been very beneficial to the sales of the ZawCAD units. The company will be seeking an officer replacement for her in the near future, but no date has been set at this time. Applicants are being considered and the company expects to have the slot filled by year end.
SmallCap Sentinel: Gauging the Impact of the Pending Horde of Baby Boomers
IRVINE, Calif., Aug. 29, 2005 (PRIMEZONE) -- "While many fear the lack of investment dollars in the stock market by retiring baby boomers, savvy investors are focusing on the areas where this enormous group will soon be spending their money," stated SmallCap Sentinel analyst, D.R. Clark. "Surely, the diminished income of retired boomers will tighten personal spending and investment but it should simultaneously cause a greater consumption of imperative goods and services led most obviously by health care."
SmallCap Sentinel: Market Reacts as Stent Company Receives FDA Phase II Approval
IRVINE, Calif., Aug. 29, 2005 (PRIMEZONE) -- "Guidant Corporation's (NYSE:GDT) announcement that the company has received Phase II approval from the Food and Drug Administration (FDA) to expand enrollment in the U.S. portion of its SPIRIT III drug eluting stent clinical trial sparked interest in the market," stated SmallCap Sentinel analyst, D.R. Clark. "Company shares traded enormous volume the day of and following the FDA announcement. Clearly, this indicates great interest in stent related news and success stories."
J.P. Morgan Chase & Co.'s Holdings in Metso to 5.04 Percent
HELSINKI, Finland, Aug. 29, 2005 (PRIMEZONE) -- Metso Corporation has been informed about an increase in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On August 23, 2005, J.P. Morgan Chase & Co 's holdings amounted to 5.04 percent of the paid up share capital of Metso Corporation. The threshold of five percent was crossed on August 23, 2005 when J.P. Morgan Asset Management (UK) Limited acting as a discretionary investment manager for underlying funds purchased 111,706 Metso shares.