latest news releases from the newsroom
Graphco Holdings Corp.
Graphco Holdings Corp. Announces Execution of New Agreement With NGM TEC, Inc. d/b/a VoiceVerified
NEW HOPE, Pa., June 15, 2006 (PRIMEZONE) -- Graphco Holdings Corp., a Delaware corporation (Pink Sheets:GHCP), and NGM TEC, Inc. d/b/a VoiceVerified(tm), a New Jersey corporation (VoiceVerified), jointly announced today that the companies have entered into an agreement pursuant to which the agreement to merge previously announced on June 19, 2005 was terminated, in consideration for which Graphco received 2,068,000 shares of the common stock of VoiceVerified, with certain additional contingent shares that may be issued in the future, as well as $105,000, almost all of which is specifically earmarked to update its audits and filings. Immediately prior to this transaction, VoiceVerified had issued and outstanding 16,255,230 shares of common stock. In addition, Graphco has granted to VoiceVerified an exclusive worldwide license of Graphco's VoicePass(tm), a text independent voice identification and verification engine and technology, excepting most uses for access control, which rights will remain with Graphco. The VoicePass(tm) license agreement also provides for cross-licensing of non-access control uses from VoiceVerified to Graphco and cross-licensing of access control uses from Graphco to VoiceVerified.
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.