latest news releases from the newsroom
Canary Resources Inc.
Sakha Resource Technologies Corporation Acquires 100% of Canary's Outstanding Common Shares
TORONTO, Jan. 26, 2005 (PRIMEZONE) -- Sakha Resource Technologies Corporation (Pink Sheets:SKHR) ("Sakha" or "the Company"), a Delaware Corporation, is pleased to announce that its Board of Directors has authorized its acquisition of all of the outstanding common stock of Canary Resources, Inc. ("Canary"), a Nevada private corporation. Canary Resources, Inc. is a coalbed methane (CBM) company which is seeking to develop over 75,000 acres in the Forest City Basin in Kansas and Missouri. The Board of Directors of Sakha Resource Technologies Corporation has also approved the Company's name change to Canary Resources Inc., and has approved the Company's articles of amendment to reflect its new direction. It is expected that the new stock symbol for Canary Resources will be available shortly.
iMedia International, Inc.
iMedia International, Inc. Releases 2005 Business Plan
SANTA MONICA, Calif., Jan. 26, 2005 (PRIMEZONE) -- iMedia International, Inc. (OTCBB:IMNL) (www.imedia-intl.com) announced today that they have published on their website a PowerPoint presentation outlining details about the Company, its operations, business plan and pipeline revenues. The PowerPoint was produced to provide the public additional information about the underlying business of iMedia, and is being used for the Company's current investor relations campaign.
Acies Announces 'Sales Central' to Strengthen Sales Efforts and Improve Results
NEW YORK, Jan. 26, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE), an emerging leader in payment processing and electronic banking services to small and medium size merchants across the United States, today announced the availability of its newest program -- "Sales Central" -- designed to provide enhanced responsiveness to its agents and Independent Sales Organizations (ISOs) and to improve sales efficiency.
Quanex Building Products Corporation
Quanex Corporation Announces Cash Election Relating to Its Convertible Debentures
HOUSTON, Jan. 26, 2005 (PRIMEZONE) -- Quanex Corporation (NYSE:NX) announced today that it has irrevocably elected, pursuant to the indenture governing its 2.50% Convertible Senior Debentures due 2034 (the "Debentures"), to settle the principal amount of the Debentures in cash when they become convertible and are surrendered by the holders thereof. To the extent the Company's stock is trading above the Debentures conversion price of $38.30, the difference is assumed to be converted to common stock for diluted earnings per share calculations. For the first quarter, the Company expects a $0.02 impact on its diluted earnings per share resulting from this election.
MailKey Corporation Appoints Ivan Zweig as Chief Executive Officer
LONDON and NEW YORK, Jan. 26, 2005 (PRIMEZONE) -- MailKey Corporation (OTCBB:MAKY) ("MailKey") announces today that Ivan Zweig, the Chief Executive Officer of iElement, has joined the board of directors of MailKey and replaced Tim Dean-Smith as MailKey's Chief Executive Officer. Mr. Dean-Smith remains the Chief Financial Officer and a director of MailKey.