latest news releases from the newsroom
Clarification Statement of Accesstel Announcement of $8 Million Private Placement
FAIRFIELD, N.J., Dec. 15, 2004 (PRIMEZONE) -- Accesstel, Inc. (OTCBB:ASTI) announced today clarifications to press releases issued on October 28, November 29 and December 6, 2004. The first two press releases stated that Accesstel was poised to attain certain revenue and net profit levels in the next 18 months. These revenue and net profit levels projected in these press releases were based, in part, on the assumption that Accesstel would be able to raise additional equity capital, and on assumptions based on, among other things, the Company's operating and financial performance over recent years and its expectations about its business for the current and future fiscal years.
CorpHQ Announces Management Change
REDONDO BEACH, Calif., Dec. 15, 2004 (PRIMEZONE) -- CorpHQ (Pink Sheets:COHQ) announced today that it has accepted the resignation of Carlton McGee as its Chief Financial Officer (CFO). Mr. McGee will continue as a member of the Company's professional team as Senior Advisor to the Chief Executive Officer. In his new role, Mr. McGee will focus on enhancing existing relationships and building new ones on behalf of CorpHQ and its portfolio companies from offices in Jersey City, NJ.
Horizon Offshore Inc.
Horizon Offshore Announces President's Resignation, Appointment of Chief Operating Officer
HOUSTON, Dec. 15, 2004 (PRIMEZONE) -- Horizon Offshore, Inc. (NASDAQ:HOFF) announced that Bill J. Lam, President of the Company, has exercised his right to terminate his employment with the Company in accordance with his employment contract. Mr. Lam will be entitled to receive deferred payments of the severance benefits due under his amended employment agreement. The Company's Board of Directors will begin a search, considering both internal and external candidates, for a Chief Executive Officer, a position currently held on an interim basis by Richard A. Sebastiao, who will remain as the Company's Chief Restructuring Officer until the search is completed.
MLON International Ventures, Inc.
Mellon Buys Major Stake In Silver Mining Company
SCOTTSDALE, Ariz., Dec. 15, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, today announced that it acquired 200,000,000 shares (44%) of Western Pacific Minerals, Ltd. from Pearl Asian Mining Industries, Inc. (Pink Sheets:PRMN) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
Port of Houston Authority
Photo Release -- Thompson-Draper Reappointed To PHA Commission
HOUSTON, Dec. 15, 2004 (PRIMEZONE) -- The Harris County Commissioners Court on November 23 reappointed Cheryl Thompson-Draper to the Port of Houston Authority (PHA) Commission. Initially appointed to the PHA commission by the county commission in July 2000, Thompson-Draper is the third woman to serve on the port commission since the inception of the original Ports and Harbors Board in 1909 and the first appointed by the county commission and county judge.