latest news releases from the newsroom
Limelight Media Group Inc
Limelight Media Group Reaches Agreement to Install Digital Signage in Shop N' Save Warehouse Foods
MEMPHIS, Tenn., May 6, 2005 (PRIMEZONE) -- Limelight Media Group, Inc. (OTCBB:LMMG) of Memphis, TN has reached an agreement with Shop N' Save Warehouse Foods of St. Louis to provide a digital content management system in the St. Louis area. Limelight Media will re-install the digital signage system previously installed in 19 Shop N' Save grocery stores. Significantly, Limelight Media will expand the system to 16 additional stores in the St. Louis area as well as installing the digital content system in new Shop N' Save properties as they are opened.
Axiometrics Inc.: How NOT to be Taken in an Apartment Acquisition
DALLAS, May 6, 2005 (PRIMEZONE) -- Axiometrics Inc.: With competition to buy apartment properties at feverish levels and bid and due diligence periods shorter than ever, we can help expedite a buyer's analysis of these opportunities. For a client evaluating a portfolio of apartment properties in Atlanta, we were able to point how the seller had lowered rental rates drastically six-months prior to the offering to lift the portfolio's occupancy closer to 95% at the offering date. Once the portfolio was at 95% occupancy, the seller raised rental rates dramatically and sent the offering memorandum out. The offering required bids in two weeks, a large non-refundable deposit to be immediately posted by the winning bidder and closing in thirty days. With this tight schedule, there was not enough time to see if the properties in the portfolio could sign new leases at the much higher rental rates. Prior to even submitting a bid, we were able to inform our client of the seller's actions and our client passed on submitting a bid. This saved our client thousands of dollars in due diligence costs.