latest news releases from the newsroom
Hybrid Coating Technologies Inc.
EPOD Closes $3.3 Million Private Placement
RENO, Nev., Oct. 1, 2007 (PRIME NEWSWIRE) -- EPOD International Inc. (the "Company," "EPOD") (Pink Sheets:EPOI) (Frankfurt:EDU), a Grid-Integrated, eco-power utility and electric power systems provider, announced today that is has successfully closed a $3.296 million private placement of units. The Company issued 3,296 units at a price of $1,000 per unit, with each unit comprised of 1,000 warrants and one convertible debenture with a face value of $1,000, an interest rate of 12% and a maturity of 12 months. The convertible debentures (including interest) are convertible into shares of the company at a price per share of $0.50. The convertible debentures are retractable by the holders at any time prior to maturity provided that the Company closes an additional round of financing for a minimum amount of $5 million and are redeemable by the Company at any time prior to maturity. The warrants are exercisable into shares of the Company at a price per share of $0.30 with a maturity of 24 months. The holders also have an option to exchange all of their debentures and warrants for an interest in the Company's installation facility located in Falkenau, Germany based on a valuation of that facility at a price of $3.50 per installed watt hour of production.
FreeStar Technology Corp.
FreeStar Technology Corporation Processes $2.3 Billion in Transaction Value
DUBLIN, Ireland, Oct. 1, 2007 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTCBB:FSRT) said today the Company has achieved record revenues for the fiscal year ended June 30, 2007. Revenue for the year ended June 30, 2007 was $3,780,000, which is an increase of 80% over the revenue of $2,097,749 for the prior year ended June 30, 2006. The Company processed a total of 19,443,999 transactions during the year, an increase of 1,589,839 or 8.9% compared to 17,854,160 transactions processed during the prior year. For the first time, FreeStar's financial statements disclosed revenue by category: transaction processing and related services were $1,945,512; consulting services provided by the Company's subsidiary Project Life Cycle Partners, Ltd. were $1,349,363; and hardware sales and related revenue were $484,860. During the prior year ended June 30, 2006, all of FreeStar's revenue of $2,097,749 was attributable to transaction processing and related services.
Viewpointe Archive Services LLC
Viewpointe Customers Lower Substitute Check Rate by Leveraging Electronic Exchange
NEW YORK, Oct. 1, 2007 (PRIME NEWSWIRE) -- Viewpointe (www.viewpointe.com), the nation's leading provider of check image exchange and archive services, today released its latest check clearing volumes. Viewpointe has achieved unprecedented annual growth of nearly 502% in checks cleared via image share and exchange. More importantly, an average of less than five percent of image exchange transactions processed in the Viewpointe network result in substitute checks or Image Replacement Documents (IRDs). This substitute check rate falls drastically below the industry average of 34% as reported by the Federal Reserve and the Electronic Check Clearing House Organization (ECCHO) in June.