latest news releases from the newsroom
Digital Descriptor Systems Inc.
President of CGM Applied Security Technologies Derails Dept. of Homeland Security Plan to Use RFID Technology to Track Foreigners
SEA GIRT, N.J., July 29, 2005 (PRIMEZONE) -- Erik Hoffer, president of CGM Applied Security Technologies, a subsidiary of Digital Descriptor Systems, Inc. (DDSI) (Pink Sheets:DDSI), and renowned expert in protective security technology for global supply chain, stated that the Department of Homeland Security's decision to use radio frequency technology (RFID) to help monitor possible terrorist and criminal activity will not protect U.S. citizens from terrorist activity. Department of Homeland Security announced this week that wireless chips for vehicles will become mandatory at five border posts with Canada and Mexico to track foreigners driving in and out of North America.
American Petroleum Group Inc.
American Petroleum Group, Inc. Restructures Debt to Purchase Buildings
HOFFMAN ESTATES, Ill., July 29, 2005 (PRIMEZONE) -- American Petroleum Group, Inc. (OTCBB:AMPE) through its subsidiary, American Petroleum Products Company, of Bedford Park, Illinois, has restructured the debt on approximately $4,000,000 worth of equipment (replacement value) for its bottling facility. The debt was reduced from an original indebtedness of $2.35 million to a final reduced amount of $1.4 million. Terms of the debt with Harris Bank of Chicago, Illinois include a four year term of repayment, with interest at 6% on a 20 year amortization schedule, and a balloon payment at the end of the term, which we expect to finalize the transaction with Harris Bank within the next two weeks. When this arrangement is finalized AMPE's management feels that there will be ample time to refinance the equipment at the most fiscally sound time.
Parker Waichman Alonso LLP
Parker & Waichman, LLP Files Suit Against Ortho-McNeil Pharmaceutical, Inc. on Behalf of Victim of Ortho Evra Birth Control Patch -- JNJ
NEW YORK, July 29, 2005 (PRIMEZONE) -- Parker & Waichman, LLP (http://www.yourlawyer.com) announced that it has filed suit against Ortho-McNeil Pharmaceutical, Inc., a division of Johnson and Johnson Inc. (NYSE:JNJ), on behalf of a 30-year-old wife and mother of four who developed life-threatening blood clots after using the Ortho Evra contraceptive patch. The victim was admitted into the intensive care unit in July 2003 due to a severe headache, blurry vision, nausea and vomiting. Tests determined the cause to be a posterior-superior sagittal sinus thrombosis with associated subarachnoid hemorrhage. The suit was filed on July 26, 2005, in the Middlesex County Court House in New Brunswick, New Jersey. For more information on Ortho Evra side effects and to request a free case evaluation please visit www.orthopatchlawsuit.com.
Occidental Petroleum Corp.
Occidental to Resume Operation of Historical Properties in Libya
LOS ANGELES and TRIPOLI, Libya, July 29, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that the Libyan authorities have approved, effective July 1, 2005, Occidental's recent agreement with Libya's National Oil Corporation whereby Occidental will resume operations in its historical Libyan contract areas. Occidental was required to leave its oil exploration and production operations in the prolific Sirte Basin in 1986 when the U.S. government barred American companies from doing business in Libya. During the interim, the producing properties have been operated by a subsidiary of Libya's National Oil Corporation. While Occidental retained its contractual rights during the sanctions era, the company derived no economic benefits from these operations.
American Football Alumni
Sports Alumni Inc. Signs Agreement for 50 Additional New Players' Representatives Bringing Current Total to 150, and Books an Additional $12,500 in Membership Revenues
LAS VEGAS and HENDERSON, Nev., July 29, 2005 (PRIMEZONE) -- Sports Alumni, Inc. (Pink Sheets:SPNI) announced today that its American Football Alumni's division (http://www.americanfootballalumni.com/) has agreed with Merit Media Inc. (Merit) of Omaha, Nebraska, to enroll an additional 50 Players' Representatives/Sales Force at a set up fee of $250.00 for each new Player Rep. Merit will pay Sports Alumni an initial fee of $12,500.00 in exchange for the right to participate in the subsequent revenues generated by their 50 representative national sales team, plus Merit will receive a small equity position in SPNI. "With this additional strategic marketing partner, plus the previously announced agreement for the initial 100 Players Representatives/Sales Force with the Pennsylvania based Recruiting/Staffing firm, we are now well on our way to establishing our immediate goal of 1,000 Player/Alumni Representatives," said Matt Totty President of Sports Alumni Inc. "Each Player Representative will be managing 500 to 1,000 alumni each and getting a start like this really allows us to educate and grow our coverage in a manageable manner."