latest news releases from the newsroom
Global Beverage, Inc.
Rudy Beverage, Inc. Signs Distribution Agreement with Insane Distribution, Inc.
TULSA, Okla., June 15, 2006 (PRIMEZONE) -- Global Beverage Solutions, Inc. (OTCBB:GBVS) has announced through its portfolio company, Rudy Beverage, Inc. (RBI) -- the company co-founded by University of Notre Dame football legend Daniel "Rudy" Ruettiger -- that it has signed an agreement with Insane Distribution, Inc., an e-tailer, which will be offering its two new, healthy beverage lines for purchase. Consumers are now able to buy RUDY! RUDY! Flying Colors(tm) and Rudy Revolution(tm) by the case at www.buyrudydrinks.com.
Renewable Energy Resources, Inc.
Internal Hydro Small Hydro Technology Advantages Explained by Energy Saving Inventor
TAMPA, Fla., June 15, 2006 (PRIMEZONE) -- Internal Hydro International Inc.'s (OTCBB:IHDR) (www.InternalHydro.com) Energy Commander small-scale hydro system has superiority over larger turbines, in a system for renewable energy that has never been used. Bud Nelson, inventor of the base technology of IHDR's low impact hydro system has a great deal of experience creating technology that saves energy through water flows and electricity savings. Nelson states that the flexibility of the system to use varied small flow pressures that traditional hydro cannot use and never bother to capture is the key to the system. "No one bothered to use positive displacement like this before, ever since electricity became abundant from other sources; what positive displacement does is use cylinders to capture all of the power of a small flow in a superior fashion to turbines," stated Nelson. "The Energy Commander uses small flows in a small intake compared to turbines, in a fashion that creates energy in a way that does not hurt the environment," Nelson continued. "As we deploy the new system shortly, and other variations I am involved in, the use of this system in so many areas will affect electrical generation around the world. Besides industries such as steel, oil and gas refineries, utility plants, and other readily available flows, our effect in the third world, and other remote locations will change people's lives from dependence of fossil fuel."
Lantronix to Sell All Interest in Xanboo Inc.
IRVINE, Calif., June 15, 2006 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX), a leader in device networking technologies, today announced it has entered into an agreement to sell its equity interest in Xanboo Inc. ("Xanboo"), a privately held company, for an aggregate cash consideration of $2 million. On June 13, 2006, 24,596 Xanboo shares, representing 65% of the 37,840 total Xanboo shares held by the Company, were sold for cash consideration of $1.3 million. The agreement provides for the remaining 13,244 shares to be sold for cash consideration of $700,000 on or before September 12, 2006.
Federal Regulators Approve Sempra Energy Port Arthur LNG Project
SAN DIEGO, June 15, 2006 (PRIMEZONE) -- Officials of Sempra LNG, a unit of Sempra Energy (NYSE:SRE), welcomed today's decision by the Federal Energy Regulatory Commission (FERC) authorizing the company to move forward with the development of a new liquefied natural gas (LNG) receiving terminal near Port Arthur, Texas, capable of processing up to 3 billion cubic feet per day (Bcfd) of natural gas.
Reeves Telecom Acquisition Corp.
Reeves Telecom Limited Partnership Responds to Tender Offer for its Limited Partnership Units
GLEN HEAD, N.Y., June 15, 2006 (PRIMEZONE) -- On June 14, 2006, Reeves Telecom Acquisition Corp. filed a Schedule TO with the Securities and Exchange Commission announcing a tender offer to purchase for cash all outstanding limited partnership units (the "Units") of Reeves Telecom Limited Partnership, a South Carolina limited partnership (the "Partnership"), at a purchase price of $1.50 per Unit net to the seller in cash without interest. The press release stated that the President and sole shareholder of Reeves Telecom Acquisition Corp. is John S. Grace. The general partner of the Partnership is Grace Property Management, Inc., the shares of which are held in trust for the benefit of Mr. Grace. Therefore, Reeves Telecom Acquisition Corp. may be deemed to be an "affiliate," as that term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, of the Partnership and the general partner of the Partnership.