latest news releases from the newsroom
Modern Technology Corporation
Modern Technology Corp. Announces Further Expansion as Subsidiary, Sound City, to Add Third Retail Location
OXFORD, Miss., June 23, 2005 (PRIMEZONE) -- Modern Technology Corp (OTCBB:MOTG), a diversified technology development and acquisition company, announced today that its subsidiary Sound City will open a third retail location. The new retail location is part of the company's continuing expansion and is anticipated to add $1.5MM to $3MM in revenues to MOTG operations annually. Further growth in revenues and planned acquisitions from the Electronics sector are expected to generate in excess of $25 Million in 2005. This revenue estimate does not include revenues from other planned sector acquisitions throughout 2005, expected to be in excess of $50 Million.
Harwood Feffer LLP
Wechsler Harwood LLP Commences Class Action Law Suit on Behalf of Purchasers of Ditech Communications Corp. Stock -- DITC
NEW YORK, June 23, 2005 (PRIMEZONE) -- The law firm of Wechsler Harwood LLP ("Wechsler Harwood") announced that it filed a class action lawsuit on June 22, 2005 in the United States District Court for the Northern District of California on behalf of purchasers of the securities of Ditech Communications Corp. ("Ditech" or the "Company") (Nasdaq:DITC) between August 25, 2004 and May 26, 2005, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act") against defendants Ditech, Timothy K. Montgomery (Ditech's Chief Executive Officer, President and Chairman) and William J. Tamblyn (Ditech's CFO).
MediFit Corporate Services, Inc.
MediFit Corporate Services Appoints Chief Operating Officer
FLORHAM PARK, N.J., June 23, 2005 (PRIMEZONE) -- MediFit Corporate Services, a leading worksite health promotion and fitness company, today announced that Bill Bourque, currently the MediFit Vice President of Business Development, will assume the position of Chief Operating Officer effective July 1st. In this capacity, Mr. Bourque will have primary responsibility for the day-to-day operations and will work with Vin DeProssino, CEO and Paul Couzelis, President, in developing growth strategies for the company.
Media Advisory -- On June 25-26, Wyland Ocean Challenge Tour Brings 'Clean Water' and Art to Anchorage and Seward
ANCHORAGE, Alaska, June 23, 2005 (PRIMEZONE) -- On July 25-26, internationally renowned marine life artist Wyland will hold the first and second stops in his campaign against water pollution with appearances at the Alaska SeaLife Center in Seward and the Anchorage Museum of History and Art, 121 W. Seventh Ave. In partnership with local conservation groups, such as the Ocean Conservancy, Anchorage Waterways Council, Surfrider Foundation and Alaska Oceans Program, the artist will join children and adults to create sealife-themed murals. Each day includes live ocean-themed music, a film presentation, Wyland book signing and the latest updates on Alaska's coastal health from local conservation groups. The Anchorage event will be preceded by a community cleanup of Chester Creek and Westchester Lagoon. Gloves and bags will be provided. Participants meet at Westchester Lagoon, then join Wyland and his team at the museum. Subsequent tour stops in the lower 48 states will include a 1,000-square-foot interactive maze that follows a clean drop of water through mountains, rivers, city streets, storm drains and into the ocean. For information, schedules and locations, visit www.wylandoceanchallenge.org, http://www.surfrider.org/ or www.alaskasealife.org and www.anchoragemuseum.com
New Book Says: 'Go Back to Church, America'
ANAHEIM, Calif., June 23, 2005 (PRIMEZONE) -- If the world is hinged on the idea of balance, nothing can depict it more clearly than the two opposing philosophies presently at work in American society as revealed in Sean O'Ruadhain's brilliant new book, "Why Religion For???." Here, O'Ruadhain writes that each individual's primary responsibility is the pursuit of God, operating on the philosophy "Love God and our neighbor as ourselves." This, however, is contradicted by the chant "I got rights," which has shown itself to be the "moronic mantra of modern madness."