latest news releases from the newsroom
Ekwan- X Inc.
Ekwan-X Commences Nevada Mineral Exploration Program
TORONTO, Jan. 11, 2005 (PRIMEZONE) -- Ekwan-X, Inc. (Pink Sheets:EKWX) is very pleased to announce that it has commence data compilation for a large-scale mineral exploration program planned for the State of Nevada. Ekwan-X will use a very sophisticated new technology known as airborne hyperspectral imaging. This technology will provide Ekwan-X with a high probability of finding a mine.
DSM Expands U.S. Production Capacity for Dyneema(R) Fiber and Bullet Resistant Material
HEERLEN, The Netherlands, Jan. 11, 2005 (PRIMEZONE) -- DSM announced today that due to increasing demand, it will add capacity for Dyneema(R) yarn, DSM's high-performance polyethylene (HPPE) fiber, and Dyneema UD(R) (UniDirectional bullet resistant sheet) in Greenville, North Carolina (U.S.). The new facilities will increase global fiber production capacity by nearly 20 percent, and UD capacity by 25 percent. Both facilities are expected to be operational beginning 2006.Supporting High Demand for Lightweight Armor Material DSM opened its first U.S. yarn production line in Greenville, N.C., in May 2004. Although the site is intended to serve clients in all market segments globally, it is currently dedicated to producing life protection materials, due to the ongoing increasing demand for personal security and protection against terrorism.
Emulex InSpeed Port Shipments Accelerate, Passing The 4 Million Mark
COSTA MESA, Calif., Jan. 11, 2005 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the world leader in Fibre Channel host bus adapters and embedded storage switches, today announced that it has now shipped over four million ports of its award-winning InSpeed(tm) embedded storage switches. Previously, in May 2004, Emulex announced that two million ports of InSpeed had shipped since the technology first became available in May 2002. With over two million additional ports of InSpeed delivered between May 2004 and January 2005, the rate of InSpeed port shipments has nearly tripled over the last nine months, which reinforces the ongoing penetration of InSpeed embedded storage switching technology into various segments of the storage market.
Market Pulse Announces its AM Hot Stock Picks for Tuesday, January 11, 2005: MEGJ, DELL, IFUE, CSCO
ATLANTA, Jan. 11, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, Meg Athletic Corporation (OTCBB:MEGJ), to the investment community! Meg Athletic is new to Market Pulse and is poised to become a significant player in the casual and leisure sports apparel market! MEGJ just had excellent news out after yesterday's bell regarding the continued endorsement of a Scottish Soccer Star! Watch this stock move! Other notable stocks that look great lately from a fundamental and technical perspective include:
Corporate Mortgage Solutions Inc.
National Hospitality Group Inc., Through Its Subsidiary Tampa Bay Mortgage Solutions Inc., Expands Its Lending Area To Miami Fla.
ST. PETERSBURG, Fla., Jan. 11, 2005 (PRIMEZONE) -- National Hospitality Group., Inc. (Pink Sheets:NHGP) announces that on January 11, 2005, through its wholly owned subsidiary Tampa Bay Mortgage Solutions, Inc., it will expand its lending area to include Miami, Florida. Damian Guthrie, President of NHGP said, "We are pleased to expand into the Miami area as it is expanding and growing at a rapid pace and we are in a favorable position in the market to be a part of this rapid growth and expansion in South Florida."
Chelsea Therapeutics, Inc. Raises $14.5 million in Private Placement
CHARLOTTE, N.C., Jan. 11, 2005 (PRIMEZONE) -- Chelsea Therapeutics, Inc., a privately held development-stage biopharmaceutical company, completed a private placement of Series A Convertible Preferred Stock, resulting in gross proceeds to the company of $14.5 million. This reflected the maximum authorized amount, including a $4.4 million overallotment. Paramount BioCapital, Inc. acted as placement agent.