latest news releases from the newsroom
CinemaElectric Plans Reorganization of Board and Executive Staff Functions
HOLLYWOOD, May 13, 2004 (PRIMEZONE) -- CinemaElectric, Inc.'s (OTCBB:CINME) CEO, James F. Robinson, announced today that the company is planning a reorganization of the board and executive staff functions to facilitate its recent growth. Mr. Robinson stated, "We are discussing adding industry leaders to our Board of Directors in order to enhance our presence in the marketplace and better serve our shareholders. We have also initiated searches to engage top talent to round out our executive team."
Sciax Technology, Inc.
Sciax Attends Mock Prison Riot with Wolf Pack Used in Multiple Simulations
BAY CITY, Michigan and TORONTO, May 13, 2004 (PRIMEZONE) -- UgoMedia Interactive Corp. (Pink Sheets:UGMI) (name change to Sciax Corporation pending) reported today that the company's Wolf Pack tactical remote viewing system was well-received during the recent Mock Prison Riot, hosted by the Office of Law Enforcement Technology Commercialization (OLETC) and the National Corrections and Law Enforcement Training and Technology Center (NCLETC) in Moundsville, West Virginia. Several participating tactical teams used Wolf Pack capabilities during three days of training simulations, with Sciax gaining high praise for system durability and ease-of-use.
OptimumCare Files Form 15 with the Securities and Exchange Commission
LAGUNA NIGUEL, Calif., May 13, 2004 (PRIMEZONE) -- OptimumCare Corporation (OTCBB:OPMC), a behavioral healthcare and temporary healthcare staffing services provider, announced that it today filed a Form 15 with the Securities and Exchange Commission (SEC) for the purpose of terminating its duty to file reports under the Securities Exchange Act of 1934, as amended.
Whittier Energy Corporation
Whittier Energy Corporation Announces the Acquisition of Cut Off Field in Lafourche Parish, Louisiana
HOUSTON, May 13, 2004 (PRIMEZONE) -- Whittier Energy (OTCBB:WHIT) today announced the acquisition of an operated working interest in the Cut Off Field located in Lafourche Parish, Louisiana for $1.65 million dollars from an undisclosed private company. Whittier acquired an average working interest of 73% in four producing oil wells, one salt water disposal well and two shut-in wells, with an effective date of March 1, 2004. Gross production from the field is approximately 210 Bopd (barrels of oil per day) and 150 Mcfd (thousand cubic feet per day). Net production to Whittier is approximately 105 Bopd and 35 Mcfd. Whittier paid for the property using $650,000 from working capital and $1.0 million from its revolving line of credit with Compass Bank. The Company has estimated net proved reserves in the field to be in excess of 350,000 barrels of oil equivalent.
Flo Healthcare Awarded New Patent for Mobile Clinical Workstation
NORCROSS, Ga., May 13, 2004 (PRIMEZONE) -- Flo Healthcare, the leading provider of comprehensive, integrated wireless solutions designed for the healthcare market, today announced it has been awarded U.S. Patent No. 6,721,178 directed to Mobile Clinical Workstations, such as the ones found in their innovative line of cart-based mobile devices.