latest news releases from the newsroom
Patriot Motorcycle Corporation
Patriot Motorcycle Corporation Receives Environmental Protection Agency Certification
SAN CLEMENTE, Calif., Jan. 17, 2006 (PRIMEZONE) -- Patriot Motorcycle Corporation (Pink Sheets:PMCY), exclusive worldwide distributor of the Patriot OffRoad(TM) line of Dirt Bike motorcycles and All-Terrain Vehicles (ATVs) and the Steed(R) by Patriot(TM) domestic line of V-Twin custom street bikes, today announced it has received Environmental Protection Agency (EPA) certification for its Steed(R) by Patriot(TM) and Patriot(TM) V-Twin lines of custom and production V-Twin street bikes fitted with 111, 117 and 124 cubic inch displacement engines.
Pacific Energy Resources Ltd.
Pacific Energy Resources Ltd. Private Placement Financing
LONG BEACH, Calif., Jan. 17, 2006 (PRIMEZONE) -- Pacific Energy Resources Ltd. (the "Company") (TSX-V:PFE) is pleased to announce it has closed a financing in the amount of US $13,000,000. This financing consists of the following components: a US$8,000,000 senior secured note (non-convertible) and a three year US$5,000,000 secured convertible note, convertible into common shares of the company at a conversion rate of CAD $0.86 per share. Additionally, Pacific Energy granted 3,714,286 bonus warrants with each warrant exercisable into a share at a price of CAD$0.99 per share for the first 1,857,143 shares and CAD$1.19 per share for the remaining 1,857,143 shares. The term of the warrant is five years. This financing is subject to regulatory approval. The Company has also paid a finder's fee of US$300,000 cash and has issued 790,363 finder's fee warrants in connection with this financing. Each finder's fee warrant is exercisable into a share at a price of US$0.88 (approx. CAD$1.03 at current exchange rates) per share for a period of three years.
Industrial Nanotech, Inc.
Industrial Nanotech Teams with European Distributor to Reach the U.K. Consumer
NAPLES, Fla., Jan. 17, 2006 (PRIMEZONE) -- Industrial Nanotech Inc. (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, is pleased to announce that the Company has received a 300 gallon order for its Nansulate coatings, including Nansulate HomeProtect, the Company's newest product that provides energy savings and mold protection for residential and commercial buildings. The products were purchased by a U.K. affiliate of Kologen, Ltd., Industrial Nanotech's distributor based in Istanbul, Turkey.
Sun New Media Inc.
Sun New Media Appoints New Director
DIAMOND BAR, Calif., Jan. 17, 2006 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced the appointment of Mr. Yu Bing to serve on its Board of Directors. Mr. Yu is currently an Executive Vice President at Lenovo Computers and was recently named President of the Lenovo/Asia Info group.
Budget Waste Inc.
Budget Waste Inc. signs letter of intent with AllWaste Systems Ltd.
CALGARY, Alberta, Jan. 17, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), Calgary area's largest roll-off waste hauling company, signed a letter of intent with AllWaste Systems Ltd. (ALLWASTE), a Calgary based waste hauling and recycling company. With a fleet of 1300 bins and 15 trucks, ALLWASTE has been providing their Calgary and area clients with waste hauling and recycling services, as well as working closely with municipal and provincial governments on waste management and recycling initiatives. The potential merger will provide BWI with an expanded waste hauling presence and a diversified revenue stream complimentary to their current operations.
Emulex Enters Into Distribution Agreement with Ingram Micro
COSTA MESA, Calif., Jan. 17, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the most trusted name in storage networking connectivity, today announced that the company has entered into a multi-year distribution agreement with Ingram Micro, Inc. (NYSE: IM), the world's largest technology distributor. Ingram Micro, which is also a leading distributor of IBM and HP server solutions, will now offer the Emulex LightPulse(R) family of host bus adapters (HBAs) to its storage solution portfolio. As a result, reseller customers will be able to deploy server and storage systems more seamlessly and rapidly to meet end user demand.
First Equity Group
StockMarketNewsAlert.com Issues A Stock To Watch -- TelePlus Enterprises, Inc.
DEERFIELD BEACH, Fla., Jan. 17, 2006 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (Frankfurt:YT3) (www.teleplus.ca) is StockMarketNewsAlert.com Stock To Watch today. According to M. D'Alonzo at First Equity Group, Inc., "The company announced last week that its wholly owned subsidiary, TelePlus Wireless, Corp. ("TelePlus Wireless"), signed a definitive agreement (the "Agreement") and completed the acquisition of certain assets of Liberty Wireless ("Liberty"), which is owned by StarNumber, Inc., a wholly owned subsidiary of InPhonic, Inc. ("InPhonic"). Liberty is the 3rd largest Sprint wireless reseller ("MVNO") on the CDMA network (after Virgin Mobile and Qwest) and is in the top 10 prepaid wireless providers in the U.S. This acquisition represents excellent news for TelePlus and its shareholders, as the financial impact of the acquisition promises to be both far-reaching and long-lasting. TelePlus Wireless will continue to operate this wireless reseller business under the Liberty Wireless name. The Liberty business is expected to add $14M of new revenue per annum to TelePlus and contribute in excess of $1M per annum to the Company's EBITDA (defined as earnings before depreciation, amortization, interest expenses and taxes). The Company's combined customer base will increase by approximately 22,000 users, reaching in excess of 47,000 user lines for an increase of 88%. Liberty Wireless will also positively impact the Company's cash flows. This acquisition represents an expansion of the Company's business into the growing U.S. prepaid wireless market.
Security Intelligence Technologies, Inc.
Security Intelligence Technologies, Inc. Sells GCOM 2060 System for $375,000
NEW YORK, Jan. 17, 2006 (PRIMEZONE) -- Security Intelligence Technologies, Inc. (OTCBB:SITG) and its subsidiary, Homeland Security Strategies, Inc. (HSS), announced today that it has finalized a $375,000 sale for a GCOM 2060 cellular monitoring system to the intelligence branch of a United States Ally. The GCOM 2060 is an off air mobile phone intercept system designed to intercept and monitor all GSM cellular telephone traffic in a local area.