latest news releases from the newsroom
Southern Home Medical Equipment, Inc.
Southern Home Medical Signs Letter of Intent to Purchase Adaptive Medical
SPARTANBURG, S.C., Dec. 21, 2006 (PRIME NEWSWIRE) -- Southern Home Medical Equipment, Inc. (Pink Sheets:SHMM) announced today the signing of a letter of intent to purchase Adaptive Medical Upstate, Inc. Adaptive Medical is a durable medical equipment company located in Lyman, S.C. Adaptive Medical had reported revenues of $794,780.00 for year end 2005. The company is expected to finish 2006 with approximate revenues of $900,000.00. Dennis Nowak, Vice President of Southern Home, stated, "The Adaptive Medical team has had steady growth in revenues for 12 years. They bring a lot of knowledge and experience to our team, and we are pleased that they are joining us."
HS3 Technologies, Inc.
HS3 Technologies, Inc. Announces Diverse Line of Cutting Edge Products and Custom Security Solutions
DENVER, Dec. 21, 2006 (PRIME NEWSWIRE) -- HS3 Technologies, Inc. (OTCBB:HSTH) a world-wide provider of innovative security solutions is pleased to announce it has expanded its market strategies with a new diverse line of high technology cutting edge products and custom security solutions. HS3 now addresses all security needs through the combination of hard-line, soft-line and service related products. These state-of-the-art products include digital video recording technology (DVR), biometric access control (door locks), personal biometric identification units, CCTV, video monitoring centers, cellular networks, wireless mesh networks units and wireless internet-linked satellite surveillance systems that encompass a total portal of products to meet virtually all commercial and residential customer security needs.
Former Vice Chairman of Prudential Mutual Fund Management Appointed NUCON Chairman
MOSCOW, Dec. 21, 2006 (PRIME NEWSWIRE) -- NUCON-RF, Inc. (Pink Sheets:NNRF) today announced that Lawrence C. McQuade, formerly Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co., will join the Company as Chairman of the Board as of January 15, 2007. Mr. McQuade, who since 1995 has interfaced extensively within the Russian financial industry as a fund manager and consultant, will be primarily responsible for guiding NUCON in its business mission within the Russian Federation, in selected European and Asian markets and the financial markets of the U.S.
Applied Micro Circuits Corporation
Applied Micro Circuits Corporation Granted Stay of December 21, 2006 Filing Deadline
SUNNYVALE, Calif., Dec. 21, 2006 (PRIME NEWSWIRE) -- Applied Micro Circuits Corporation (Nasdaq:AMCC) today announced that the Company was informed by The Nasdaq Global Select Market that the Nasdaq Listing and Hearing Council (the "Listing Council") has stayed the delisting of the Company's securities pending further review by the Listing Council. No date has been set for the review. The Company may submit in writing additional information for the Listing Council's consideration by January 3, 2007.
Baseline Oil & Gas
Baseline Oil & Gas Announces Strategic Acquisition
SAN ANTONIO, Dec. 21, 2006 (PRIME NEWSWIRE) -- Baseline Oil & Gas Corp. (OTCBB:BOGA), an independent oil and gas exploration and development company, announced today that it has entered into a definitive Purchase and Sale Agreement with a private company and individuals to acquire certain oil and natural gas properties in the Eliasville Field (also referred to as the Stephens County Regular Field) located in Stephens County, Texas, some 90 miles west of Fort Worth, for total consideration of $28 million. The Eliasville Field, discovered in the 1920s, produces oil from the Caddo Lime at a depth of approximately 3,300 feet. The field currently produces 660 B/d of oil and 100 Mcf/d of natural gas, resulting in 550 Boe/d of net production, with an average Net Revenue Interest ("NRI") of 81%.
Budget Waste Inc.
Budget Waste Inc. Signs Letter of Intent With Oilfield Services Company
CALGARY, Alberta, Dec. 21, 2006 (PRIME NEWSWIRE) -- Budget Waste Inc. (Pink Sheets:BDGW) signs letter of intent with 4M Water Hauling Ltd. a premier oilfield services company. Providing water hauling services for Alberta's oilfield industry for over 7 years, 4M has established itself as one of the leading oilfield services companies in Alberta. According to Mike Kolankowski, BWI's VP Strategic Direction, "This move will strengthen BWI's presence in Alberta's booming oilfield sector." 4M offers road spraying services, parking lot washing, fire fighting equipment, and potable and fresh water services to the oilfield forestry and mining sectors.
Seadrill Secures New Tender Rig Contract in Indonesia
HAMILTON, Bermuda, Dec. 21, 2006 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of intent by ConocoPhillips for development drilling in Indonesia. The contract has a duration of three years with commencement scheduled for the fourth quarter 2008/first quarter 2009. Estimated contract value is approximately US$178 million. Seadrill has the option to use either West Berani or West Setia for this assignment.
Tapiola Asset Management Ltd Selects SimCorp Dimension
COPENHAGEN, Denmark, Dec. 21, 2006 (PRIME NEWSWIRE) -- Tapiola Asset Management Ltd, the 5th largest asset manager in Finland, has chosen SimCorp Dimension as their future asset management platform. Recently, Tapiola increased its focus on asset management by merging Tapiola Asset Management Ltd into Tapiola Fund Management Company Ltd, which now has approximately EUR 5.1bn assets under management.