latest news releases from the newsroom
Mobile Satellite Ventures
Unanimous FCC Decision Combines Satellite Ubiquity With Terrestrial Efficiency
RESTON, Va., Feb. 28, 2005 (PRIMEZONE) -- Mobile Satellite Ventures (MSV) announced today that the Federal Communications Commission (FCC) has released the text of its new rules for the deployment and operation of an ancillary terrestrial component (ATC) to mobile satellite service (MSS) systems. The text, released on Friday, contains the details of the unanimous decision announced by the FCC at its February 10, 2005 public meeting. The Order provides MSV with substantial additional uplink and downlink flexibility, allowing it to significantly lower the cost of ATC deployment and increase MSS/ATC hybrid system capacity. The additional flexibility provided by the Commission's decision will allow MSV to offer users very affordable and reliable voice and high-speed data communications from virtually everywhere on the continent.
American Consolidated Management Group
American Consolidated Management Group Announces Corporate Developments and Patent Filings
GREER, S.C., Feb. 28, 2005 (PRIMEZONE) -- American Consolidated Management Group, Inc. (Pink Sheets:ACMI), who is involved in the development and commercialization of natural plant products, previously announced that it anticipated that Bill Strenglis would join the Company as an officer; however, Mr. Strenglis has subsequently accepted and assumed the post of President with DI Food Service Companies in Jackson, Mississippi and the Company no longer anticipates that he will join the Company in the capacity of a corporate officer; however, Mr. Strenglis continues to consult with the Company and has offered to join the Board of Directors if the Company determines that it would be an advantage to the Company's future.
TeliaSonera Completes Disposal of Infonet
STOCKHOLM, Sweden, Feb. 28, 2005 (PRIMEZONE) -- TeliaSonera has completed the disposal of its 20% holding in Infonet Services Corporation, USA, to British Telecom. The disposal will result in a cash inflow of approximately SEK 1,300 million and a capital loss of approximately SEK 20 million.
Quest Oil Initiates Acquisition of Brokenstraw's 215 Production Oil Wells
ARLINGTON, Texas, Feb. 28, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) has signed a letter of intent with Brokenstraw Oil Development Co., (Brokenstraw) to purchase all assets for a combination cash and stock purchase transaction. The transaction is scheduled to close on March 21, 2005, and is subject to QUEST obtaining the necessary financing, and the execution of a definitive Purchase and Sale Agreement. The Company's website; www.questoil.com will provide additional corporate information.