latest news releases from the newsroom
Madison Bay Holdings Inc. (formerly Summit Coaches, Inc.)
Summit Coaches, Inc. Acquires Madison Bay Marine Development
SANDY, Utah, June 30, 2005 (PRIMEZONE) -- Summit Coaches, Inc. (Pink Sheets:SUMC) signed and closed an asset purchase and sale agreement under which it acquired Madison Bay Marine Development, a Washington company. As a result of this transaction, Ricardo Ruelos has been named CEO, the company has changed its name to Madison Bay Holdings, Inc., and the corporate headquarters has relocated to Seattle, Washington. The existing RV project will continue to move forward under the Summit Coaches name, as a division of Madison Bay.
Roberts Realty Investors, Inc.
Roberts Realty Investors, Inc. Acquires 14.5 Acres of Investment Property
ATLANTA, June 30, 2005 (PRIMEZONE) -- Roberts Realty Investors, Inc. (AMEX:RPI) announces that it purchased 14.5 acres of investment property zoned for 217 residential units in the North Atlanta submarket of Alpharetta, Georgia. The property was acquired for $3.3 million from Roberts Properties Peachtree Dunwoody, LLC, which is owned and controlled by Mr. Charles S. Roberts, the President and CEO of Roberts Realty. The acquisition also includes a right of first refusal from Cousins Properties to acquire an adjacent seven acre parcel of land zoned for 105 residential units. The property is located between Haynes Bridge Road and Mansell Road within a 220-acre master planned development known as Westside. The acquisition is part of a Section 1031 tax-deferred exchange using a portion of the proceeds from the May sale of the company's Ballantyne Place community, located in Charlotte, North Carolina.
Superclick Comments on Increase in Volume in Stock Trading Activity
SAN DIEGO, June 30, 2005 (PRIMEZONE) -- Superclick, Inc.'s (OTCBB:SPCK) Chairman and Interim CFO, Todd M. Pitcher, today commented on recent increase in volume in its stock trading activity: "There has recently been an increase in volume in our Company's stock trading. There have been no material events in the business that we can attribute as being directly related to that increase in volume. However, we have been made aware of a third party direct mail newsletter that has been disseminated which we believe could be attributed to the increase in volume in the stock. The newsletter is the result of a third party not affiliated with the Company and the Company claims no responsibility for, nor does it endorse the contents, claims, projections or recommendations made within the newsletter."
Patient Safety Technologies, Inc.
Patient Safety Technologies to Seek Public Listing for Newly Formed Subsidiary, Ault Glazer Bodnar Capital, Inc.
SANTA MONICA, Calif., June 30, 2005 (PRIMEZONE) -- Patient Safety Technologies, Inc. (AMEX:PST)("PST") announced today, following a decision made by the board of directors on June 30, 2005, that it will pursue a separate public listing for Ault Glazer Bodnar Capital, Inc. ("AGB Capital"), an entity recently formed to house the Company's non-patient safety related assets. AGB Capital will maintain separate financial statements, management and board of directors.
Delta Mutual, Inc.
Delta Retains T&T Asset Management for Investment Banking Services
SELLERSVILLE, Pa., June 30, 2005 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM), specializing in energy recovery and construction services through environmentally-friendly technologies and products, announced the retention of T&T Asset Management (T&T Vermogensverwaltungs AG), a Swiss-based investment firm located in Zurich, Switzerland, to provide Delta investment banking services including capital raising and project financing.