latest news releases from the newsroom
China Digital Animation Development, Inc.
Maui General Store and Trinity BioGenics Sign Definitive Merger Agreement
HANA, Hawaii, Dec. 13, 2005 (PRIMEZONE) -- Maui General Store, Inc. (OTCBB:MAUG) and Palmera Holdings, Inc., dba Trinity BioGenics, announced today that a definitive agreement has been reached to merge the two companies. Trinity BioGenics is a biotechnology company engaged in research and development of unique adult stem cell procedures and patient-specific immune therapies with applications for various conditions and diseases, with a current clinical focus on therapies for heart disease.
General Payment Systems, Inc.
Pacific Financial Banking Services Division Inks Contract
LODI, Calif., Dec. 12, 2005 (PRIMEZONE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing Cashless ATM and Wireless POS devices featuring Pacific's Point-of-Banking (PBT) terminal technology, Merchant Processing, and stored-value cards, announced today the signing of another sizable management and processing agreement. This agreement with a California-based company increases PBT processing by nearly two hundred Cashless ATM machines which will be serviced by Pacific Financials Banking Services division. The units are currently deployed in National Quick Service Restaurants (QSR's), C-Stores, liquor stores and a variety of retail establishments.
XsunX, Inc. Secures $5 Million Financing
ALISO VIEJO, Calif., Dec. 12, 2005 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass(tm) -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it has accepted $5,000,000 in financing from Cornell Capital Partners, LP to help drive the continued development and growth of the Company.
Bitfone's Intellectual Property Portfolio Strengthens
LAGUNA NIGUEL, Calif., Dec. 13, 2005 (PRIMEZONE) -- Bitfone Corporation (www.bitfone.com), the pioneer and patent holder of firmware over-the-air (FOTA) update technology for mobile phones, today announced the award of a new patent by the United States Patent and Trademark Office. The patent, Number 6,941,453, describes methods and concepts for the updating of at least one of firmware or software in an electronic device wherein the electronic device contains more than one update agent. This is the third U.S. patent issued to Bitfone. In addition, Bitfone announced that it has been granted patent Number 0506785 by the Korean Intellectual Property Office representing its first international patent.
Transmeridian Exploration, Inc.
Transmeridian Completes $250 Million Financing
HOUSTON, Dec. 12, 2005 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that it has completed a private placement of 250,000 Units consisting of $250 million in aggregate principal amount of senior secured notes due 2010 of Transmeridian Exploration, Inc. (TMEI-BVI), the company's wholly owned British Virgin Islands subsidiary, and detachable five-year warrants to purchase approximately 17.3 million shares of the company's common stock at an exercise price of $4.31 per share, subject to adjustment in certain circumstances. The notes bear interest at the rate of 12% per annum, are guaranteed by the company and certain of the company's subsidiaries, and are secured by pledges of the outstanding capital stock of TMEI-BVI and certain of the company's other subsidiaries.
Blyth, Inc. Reports Higher 3rd Quarter Sales
GREENWICH, Conn., Dec. 12, 2005 (PRIMEZONE) -- Blyth, Inc. (NYSE: BTH), a leading designer and marketer of home fragrance and home decor products, today reported that Net Sales for the third quarter ended October 31, 2005 increased approximately 1% to $444.5 million compared with $439.4 million a year earlier. Operating Profit for the quarter declined to $33.7 million compared to $51.1 million for the prior year period. Net Earnings for the quarter were $23.0 million versus $30.2 million a year earlier. Diluted Net Earnings Per Share for the quarter were $0.56 per share compared to $0.73 for the same period last year.