latest news releases from the newsroom
Patient Portal Technologies, Inc.
Patient Portal Technologies Finalizes Terms of Acquisition; Extends Engagement of Independent Auditor
BOCA RATON, Fla., Oct. 3, 2006 (PRIMEZONE) -- Patient Portal Technologies, Inc. (Pink Sheets:PPRG) announced today that it had finalized the terms for its acquisition of 100% of the capital stock of Patient Portal Connect, Inc. of Palm Beach Gardens, FL. The acquisition will be made by issuance of 14,000,000 shares of Common Stock of the Company to the shareholders of Patient Portal Connect, Inc. through a tax-free share exchange. The closing of the transaction will take place immediately upon the filing of the Company's Annual Report on Form 10KSB for its year ended December 31, 2005, which is expected to be completed on or before October 15, 2006.
Infortrend Introduces New EonStor iSCSI-to-SATA Raid System
SANTA CLARA, Calif., Oct. 3, 2006 (PRIMEZONE) -- Answering the need for high performance data storage for mature TCP/IP networks, RAID storage expert Infortrend(r) today unveiled a new 16-bay iSCSI-to-SATA external RAID subsystem, the latest addition to their broad line of EonStor(r) RAID storage products. The EonStor A16E-G2130 delivers storage flexibility, ease of management, and configuration simplicity, while ensuring maximum security and protection for business-critical data. The ES A16E array is ideal for building a shared storage pool for disk-to-disk volume distribution, data backup, storage consolidation, and replication among networked servers.
First Horizon National Corporation
First Horizon Bank Announces the Opening of Two New Financial Centers in the Baltimore Region
MCLEAN, Va., Oct. 3, 2006 (PRIMEZONE) -- First Horizon Bank, a full-service financial services company, announced today the opening of two new full-service financial centers in the Baltimore region. Located at 60 Painters Mill Road in Owings Mills, Md., and 6304 1/2 York Road in Baltimore, Md., the financial centers provide added convenience and additional retail banking options for customers in the area. The centers officially opened on Sept. 19 and Sept. 21, respectively, and grand opening celebrations are planned for both locations on Saturday, Nov. 4.
China Natural Gas, Inc.
China Natural Gas Expands to China's Most Populous Henan Province With Four New Retail Gas Stations
NEW YORK, Oct. 3, 2006 (PRIMEZONE) -- China Natural Gas, Inc. (OTCBB:CHNG) (www.naturalgaschina.com), the first China-based natural gas public company traded in the U.S. capital market, today announced that the company has initiated construction of four new company-owned retail natural gas filling stations in Henan province, China's most populous province. Construction of the four new stations is expected to be completed in two months. The company currently has 11 operating stations.
Foundry Networks, Inc.
Foundry Networks Powers Baidu -- China's Number One Search Engine
SANTA CLARA, Calif., Oct. 3, 2006 (PRIMEZONE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that Baidu (Nasdaq:BIDU), the leading Chinese language Internet search provider, deployed Foundry's 10 Gigabit Ethernet (10GbE) LAN and application switching solutions to meet their current and future traffic demands. Baidu's extensive network currently handles up to 50 percent of Internet search activities throughout China.
NetBank, Inc. Announces Change in Executive Leadership
ATLANTA, Oct. 3, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(r), (www.netbank.com), is announcing that Douglas K. Freeman, its chairman and chief executive officer, will step down from those roles and from the board of directors as of Thursday, October 5. The board has appointed Steven F. Herbert CEO and elected him as a director. Herbert has served as the company's chief finance executive since 2002. He also served in that capacity at Resource Bancshares Mortgage Group ("Resource Bancshares") prior to its acquisition by NetBank in 2002.