latest news releases from the newsroom
Energy Vision International
Modern Technology Corp. Continues Expansion as Portfolio Company Sound City Signs Multi-Year Contract with New York Spaces
OXFORD, Miss., May 5, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a diversified Business Development and Acquisition company, with reported assets and revenues in excess of $17 million, announced today that its majority-owned portfolio company, Sound City, has signed a multi-year contract with New York Spaces magazine. Sound City is expanding rapidly in 2005 and revenues from operations and planned retail acquisitions are expected to generate in excess of $25 million. This estimate does not include revenues from MOTG's other planned acquisitions through out 2005, expected to be in excess of $50 million.
GTREX Capital, Inc. Issues May 2005 Investor Newsletter
ALISO VIEJO, Calif., May 5, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that the May issue for 2005 has been released and will be available as a PDF file on the company website, www.gtrexcapital.com. A text-only version will be sent electronically through the company's email alert system later today.
Knobias, Inc. Launches the New Small-Cap ClipReport
RIDGELAND, Miss., May 5, 2005 (PRIMEZONE) -- Knobias, Inc. (OTCBB:KNBS) today announced the formal launch of the Knobias Small-Cap "ClipReport." The "ClipReport" is daily newsletter distributed FREE to anyone interested in proprietary news and insight concerning small-, micro- and nano-cap stocks. The information contained in the newsletter will be focused on U.S. stocks that trade "over-the-counter" or on AMEX and with market capitalization of less than $250M. The daily PDF document will include a new feature called the SPOT, which highlights one new small-cap stock each week.
Douglas Lake Minerals Inc.
Douglas Lake Minerals Poised to Acquire High Grade Gold Concessions
VANCOUVER, British Columbia, May 5, 2005 (PRIMEZONE) -- Douglas Lake Minerals Inc. (OTCBB:DLKM) is pleased to report that it has concluded an agreement with a private Tanzanian company that owns mineral concessions in Tanzania, following recent discoveries by local artesian miners of high grade gold zones. In addition, DLKM has secured an option through this private company on further mineral concessions in Tanzania. DLKM has agreed to acquire all the outstanding shares in the private company for consideration of issuing 4,000,000 shares of its capital stock and assuming all payments and obligations of the Mineral concessions. The acquisition is subject to DLKM being satisfied with its legal due diligence that will include a recognizable legal title opinion and subject to regulatory approval. The due diligence has a deadline for completion of May 31, 2005.