latest news releases from the newsroom
Sun New Media Inc.
Sun New Media Completes Additional Financing
DIAMOND BAR, Calif., March 7, 2006 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced that it has completed an additional financing with Barron Partners LLP of New York. In connection with the financing, the Company raised gross proceeds of approximately $2 million. The Company issued 50,000 shares of Common Stock and a $1,898,000 note convertible into common stock. The Company also issued warrants for the purchase of an aggregate of 4 million shares of Common Stock at an exercise price of $2.10 per share. Subject to certain conditions, the Company has the right to call for the conversion of the notes and the exercise of the warrants if the Company's average stock price over a thirty-day period is above specified prices. The Company intends to use the proceeds for general corporate purposes.
Chartwell Best Practice Award to Recognize Excellence in Serving Mid-Size Business Customers
ATLANTA, March 7, 2006 (PRIMEZONE) -- Utilities will finally be recognized for their efforts in serving an important customer segment, but one which traditionally has garnered little attention. The Chartwell Fostering Relationships with Mid-Size Businesses Best Practices Award 2006 will honor the most innovative utility customer service, marketing, sales and/or communications initiatives aimed at building goodwill, improving customer satisfaction and increasing loyalty among mid-size business customers.
Delta Air Lines, Inc.
Delta Offers Customers More Reasons to Choose New York-JFK as a Preferred Hub for International, Domestic Travel
NEW YORK, March 7, 2006 (PRIMEZONE) -- Delta Air Lines is offering customers more reasons to choose its hub at New York's John F. Kennedy International Airport for international and domestic travel this summer with the addition of 46 new daily Delta and Delta Connection departures to 17 nonstop destinations. The new flights, to be introduced between June and September, will connect customers from destinations across the Northeast and on the West Coast to Delta's growing offering of international, domestic and transcontinental service from New York-JFK, and will complement the airline's leading presence on the other side of Queens at New York's LaGuardia Airport.
Massively Parallel Technologies, Inc.
Massively Parallel Technologies Produces Astounding Results for the Barbara Davis Center for Childhood Diabetes
LOUISVILLE, Colo., March 7, 2006 (PRIMEZONE) -- In a collaborative effort with the Barbara Davis Center for Childhood Diabetes at the University of Colorado Health Sciences Center (UCHSC), Massively Parallel Technologies, Inc. (MPT) achieved astounding reductions in processing times for the Center's GeneSpeed research team and increased the biological significance of the GeneSpeed database. The unique speed and scalability of MPT's BioTech Virtual Power Center (VPC) allowed the GeneSpeed team to complete work that was heretofore impractical, and greatly expand the scope and size of their GeneSpeed database project.