latest news releases from the newsroom
SABMILLER -- Video Interview with CEO
LONDON, July 19, 2005 (PRIMEZONE) -- SABMILLER -- acquisition of Bavaria. Indepth interview available now on www.cantos.com with Graham Mackay, Chief Executive, SABMiller (LSE:SAB).
Adal Group, Inc.
Adal Group, Inc. Announces Completion of $1.5 Million Convertible Note Financing with Laurus Master Fund Ltd.
SURREY, United Kingdom, July 18, 2005 (PRIMEZONE) -- Adal Group, Inc. (OTCBB:ADGR), a United Kingdom-based aluminum extrusion services company, today announced that effective June 29, 2005, Adal Group, Inc. ("Adal" or the "Company") entered into a Securities Purchase Agreement, with Laurus Master Fund LTD., pursuant to which the Company sold a Secured Convertible Term Note in the aggregate principal amount of one million five hundred thousand dollars ($1,500,000), which is convertible into shares of the Company's common stock. The fixed conversion price with respect to the first $1,000,000 principal amount of the Note shall be $3.00, and with respect to the remaining principal amount shall be $3.50.
Northrop Grumman Corp.
Initial Critical Design Review Finds DD(X) Total System Design Ready for Detail Design and Production
WASHINGTON, July 18, 2005 (PRIMEZONE) -- The DD(X) National Team, led by Northrop Grumman Corporation and Raytheon Company, in partnership with General Dynamics, BAE Systems and Lockheed Martin, has successfully completed the initial critical design review for the overall system design for the DD(X) multi-mission destroyer. The milestone event demonstrated that the program is ready for the Flag level review in September and that the DD(X) Flight 1 system design is complete, stable and mature enough to enter detail design.
TelePlus Enterprises, Inc.
TelePlus Reports Preliminary Q2 Revenues of $3.38M, 37.4% Gain Over Last Year; YTD Revenues of $6.34M (30.9% Gain)
MONTREAL, July 18, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America, today announced that second quarter consolidated results indicate revenues of $3.38 million, representing a 37.4% increase over the same period last year in which the Company reported revenues of $2.46 million. Wireless revenues represented 83.6% (or $2.83M) of total revenues while Telecom revenues represented the balance of 16.4% or ($554k).
Fire Mountain Beverage Co.
FRBV New Product Launch -- FIVE O(2) an Oxygenated, Flavored-Water Product With Vitamins
CRESTLINE, Calif., July 18, 2005 (PRIMEZONE) -- Fire Mountain Beverage Company (Pink Sheets:FRBV) announced today that the management of FRBV is pleased to announce the launch of its new product line. The product is trademarked as "FIVE O(2)" which stands for Flavor Infused Vitamin Enriched with Oxygen. This product is an oxygenated, flavored water product with vitamins. The company has developed this product in four initial flavors (lemon, tropical, berry and mango) and is now poised to launch it immediately to the western portion of the U.S.