latest news releases from the newsroom
Stuart Turk, CEO of On The Go, Inc., Talks with Traders Nation; Manufacturing and Distribution, Acquisitions, Exclusive Licenses, Diverse Product Base, and Key Projects
PHOENIX, May 25, 2005 (PRIMEZONE) -- Traders Nation is pleased to announce that it has completed an interview with Stuart Turk, CEO of On The Go, Inc. (OTCBB:OGHC), and the interview is available at http://www.tradersnation.com/oghc.shtml.
Capital Hill Gold
Capital Hill Gold Declares Stock Dividend
DENVER, May 25, 2005 (PRIMEZONE) -- Capital Hill Gold, Inc. (OTCBB:CHGI) today announced a stock dividend on its common stock for shareholders of record at the close of business on May 31, 2005. Each holder of one share of Capital Hill Gold on the record date shall be entitled to receive three additional shares of common stock. For example, if a holder owns a round lot of 100 shares he or she shall receive 300 additional shares. The payment date for the common stock dividend is set for June 7, 2005.
Investors May Seek Appointment as Lead Plaintiff In Litigation Against PETCO Animal Supplies, Inc. -- PETC
NEW YORK, May 25, 2005 (PRIMEZONE) -- Investors have until June 17, 2005 to seek appointment by the Court as lead plaintiff in the class action lawsuit against PETCO Animal Supplies, Inc. ("PETCO" or the "Company") (Nasdaq:PETC). Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) filed a class action lawsuit against the company and three of the Company's senior officers, on behalf of all persons or entities who purchased the securities of PETCO from November 18, 2004 to April 14, 2005 (the "class period"). The case was filed in the United States District Court, Southern District of California. The lawsuit is seeking to pursue remedies under the Securities Exchange Act of 1934.
Mobile Satellite Ventures
Mobile Satellite Ventures Receives FCC Authority For Next Generation L Band Satellite
RESTON, Va., May 25, 2005 (PRIMEZONE) -- Mobile Satellite Ventures (MSV) announced today that it received Federal Communications Commission (FCC) authorization to launch and operate a next generation L Band satellite at the 101 Degrees W.L. orbit location. This authorization follows the April 5, 2005 Industry Canada authorization to MSV's Canadian affiliate for an L band satellite at 107.3 Degrees W.L. Use of the two authorizations together enables MSV to replace its existing satellites and utilize the full complement of spectrum available to it today.
BTG -- Live Audio Webcast
LONDON, May 25, 2005 (PRIMEZONE) -- Log on to www.cantos.com on May 26, 2005 at 9:30 BST for a live audio webcast with Louise Makin, CEO, BTG (LSE:BGC) and Rusi Kathoke, CFO.
Hannover Re Successfully Completes Hybrid Capital Exchange and New Issue
HANNOVER, Germany, May 25, 2005 (PRIMEZONE) -- Hannover Re has today successfully issued a EUR 500 million hybrid capital bond via its subsidiary Hannover Finance (Luxembourg) S.A. As part of the transaction, existing holders of Hannover Re's EUR 350 million 2001/2031 hybrid capital bond issued in 2001 were offered an exchange into the new bond. Participation in the exchange amounted to EUR 211.85 million, which resulted in the issue of approximately EUR 240.5 million new bonds. In addition, a further approximately EUR 259.5 million of new cash was raised from the European capital markets via JPMorgan.
Telynx, Inc. Prepares for Significant Increase in Business Activity Following Successful Launch of NetRunner II at Nice, France Show
SHERMAN OAKS, Calif., May 25, 2005 (PRIMEZONE) -- Telynx, Inc. (Pink Sheets:TLYN), a provider of network management software solutions and related services, expects that as a result of the successful launch of NetRunner II (r) at the Nice, France show, business activity will increase significantly. With a show attendance of more than 2,000 registered attendees, over 90 exhibitors, and nearly 50 journalists, the audience reaction to Telynx's presence was remarkable. Launched during its appearance at the Telemanagement World Conference in Nice, France on Tuesday, May 17, 2005 at the Acropolis Convention Center, NetRunner II (r) was one of the hits of the conference.
Plasticon International, Inc.
Plasticon Signs Letter of Intent to Acquire Semco Inc., A Pioneer in Leading-edge Surfacing Products
LEXINGTON, Ky., May 25, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that it has signed a letter of intent to acquire Semco, Inc., a Nevada based company that is a pioneer in leading edge resurfacing technology. Pending the completion of due diligence, an acquisition date will be set. The acquisition gives Plasticon a major advantage over its competition because Semco, Inc., which has been profitable for years, is seen as the new industry standard in resurfacing by distributors and construction companies.