latest news releases from the newsroom
Quest Oil to Acquire Wallstin Petroleum and Welcomes Dr. Jim Irwin to the Board
ARLINGTON, Texas, June 20, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) announces that the Company has entered into binding acquisition negotiations with Wallstin Petroleum LLC (Wallstin) of Fredericksburg, Texas. Wallstin holds two leases, Stevenson of Hutchinson County, TX holds eight (8) gas and oil wells and the Elder lease of Gregg County, TX holds one (1) oil well. The Hutchinson County field is located in the Texas Panhandle and is a 50 well development program. The purchase price for the two sections is priced at $403,000 for the 100% working interest and will be subject to the issuance of the equivalent value in Company common shares for the asset purchase and is scheduled to close within seven days. PV10 calculations indicate petroleum assets at $4,647,673. Final terms and consideration will be announced on the signing of the formal Acquisition Agreement.
Resolve Staffing, Inc.
Resolve Staffing Acquires New York Firm
CINCINNATI, June 20, 2005 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) is proud to announce the acquisition of Taylor Personnel Services, a Buffalo, New York staffing firm. Taylor Personnel Services has been servicing the staffing industry in the New York area for over 35 years. The Company offers temporary staffing, permanent placement and payroll management services. The acquisition gives Resolve a total of 10 locations in the New York market and 22 locations nationwide.
New Wave Group
Orrefors Kosta Boda AB Gives Notice Regarding 67 Employees
STOCKHOLM, Sweden, June 20, 2005 (PRIMEZONE) -- Orrefors Kosta Boda AB today gives notice to the county labour boards of Kalmar County and Kronoberg County about its intention to execute a large reorganisation. The planned reorganisation means inter alia a reduction of 67 employees, most of which are salaried employees. The reorganisation is an included part in a wider cost reduction plan. The Managing Director of the company, Magnus Andersson, says that he hope that the negative effects of the reorganisation will be reduced by the New Wave Group of companies', to which Orrefors Kosta Boda AB belongs, extensive investments within "Glasriket", with inter alia the establishment of new businesses in the region. Furthermore Magnus Andersson says that the planned measures to be taken are absolutely necessary for the company to once again be profitable and there through secure the employments for the remaining employees within Orrefors Kosta Boda AB.
Entourage Mining Ltd.
Entourage Mining Drill Permits Issued
VANCOUVER, British Columbia, June 20, 2005 (PRIMEZONE) -- Entourage Mining (OTCBB:ETGMF) reports that it has received from the Bureau of Land Management (the "BLM"), drill permits for its Black Warrior gold/silver project in Esmeralda County, Nevada. In May 2005, the Company posted an $11,400 reclamation bond with the BLM and the bond has now been approved and the permit issued. The Company is now awaiting a drill quote from a Nevada based drilling company.
Enea Wins Breakthrough Order Within Broadband Applications
TABY, Sweden, June 20, 2005 (PRIMEZONE) -- Enea has won a breakthrough order from World Wide Packets, an American company specialized on broadband equipment for telecom operators. The order concerns an application framework that controls delivery and handling of multimedia applications.
Fletcher Flora Health Care Systems, Inc.
CFI, Inc. Acquires Fletcher-Flora, Inc., Changes Name to Fletcher Flora Health Care Systems, Inc. and Announces Assets Acquisition from Modulus Data Systems, Inc.
ANAHEIM, Calif., June 20, 2005 (PRIMEZONE) -- CFI, Inc. (Pink Sheets:FFLH), announced today that it has acquired Fletcher-Flora, Inc., a leading provider of physician office, group practice, medical clinic, clinical reference laboratory, and large and small hospital laboratory information systems and has also changed its name to "Fletcher-Flora Health Care Systems, Inc." The stockholders of Fletcher-Flora, Inc. now own more than a majority of the outstanding capital stock of the parent company. Prior to the acquisition, CFI, Inc. effected a 1 for 9 reverse split of its outstanding shares of common stock.
Franklin Resources Inc.'s Holdings in Metso to 5.36 Percent
HELSINKI, Finland, June 20, 2005 (PRIMEZONE) -- Metso Corporation has been informed about an increase in the holding of the mutual funds and separate accounts managed by Franklin Resources, Inc. of the paid up share capital of Metso Corporation. On June 14, 2005, Franklin Resources, Inc's holdings amounted to 3.51 percent of the paid up share capital and 5.36 percent of the voting rights of Metso Corporation after being, on the basis of their previous announcement, 2.82 percent of the paid up share capital and 4.95 percent of the voting rights on January 26, 2005.