latest news releases from the newsroom
Stonebridge Resources Exploration Ltd.
Stonebridge Closes First M.O.U.
HOUSTON, April 28, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration, Ltd. (Pink Sheets:SBRX) has executed its first Memorandum of Understanding (MOU) with Christian Operating Company for the acquisition of 50% of Christian's No. 4 Port Arthur asset. The MOU with Christian Operating is the first of several acquisitions undertaken by Stonebridge in an effort to attain revenue producing oil and gas assets.
Delta Air Lines, Inc.
Delta Takes Step to Reduce Real Estate Costs at the Cincinnati/Northern Kentucky International Airport
ATLANTA, April 28, 2006 (PRIMEZONE) -- Delta Air Lines (Other OTC:DALRQ) today took another step to reduce its real estate costs and provide additional flexibility at its airport facilities by filing a motion with the U.S. Bankruptcy Court for the Southern District of New York seeking court authority to reject a number of leases and agreements related to certain facilities that were financed by 1992 special facility bonds at the Cincinnati/Northern Kentucky International Airport (CVG). Such facilities include, among others, Delta's Terminal 3 and Concourse B at the airline's second largest hub. Delta emphasized, however, that it remains committed to continuing full service to its CVG customers.
Idea Sports Entertainment Group, Inc. Announces Approval of Name Change and Reverse Stock Split
DALLAS, April 28, 2006 (PRIMEZONE) -- Idea Sports Entertainment Group, Inc. (OTCBB:ISPOE) announced today that it will effectuate a name change and a 1 for 200 reverse split of its outstanding shares of common stock. The effective date for the reverse stock split will be May 15, 2006, without any further action on the part of the Company or its stockholders. The Company's common stock will be converted into new common stock based upon the 1 for 200 conversion ratio. In addition, on the effective date, the Company's name will change to HealthSport, Inc.
Solomon Technologies, Inc.
Solomon Announces ITC/Toyota Hearing Date
TARPON SPRINGS, Fla., April 28, 2006 (PRIMEZONE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that the U.S. International Trade Commission (ITC) has scheduled the hearing on the patent infringement complaint brought by Solomon against Toyota Motor Corporation (NYSE:TM), and certain of its affiliates, for October 30 through November 3, 2006. The ITC acts as an administrative investigative body to determine, among other things, whether or not goods imported into the United States infringe U.S. patents. The scheduled hearing at the ITC is roughly equivalent to the fact finding function of a trial in a judicial court.
Best Rate Travel, Inc.
E Mobile Shareholders Approve Recapitalization Structure with a Declaration of a Dividend
BOCA RATON, Fla., April 28, 2006 (PRIMEZONE) -- E Mobile Information Technologies, Inc. (Pink Sheets:EMTK) announced today a majority vote of shareholders of record on March 23, 2006 approved a reorganization plan that includes a 1:30 reverse split of its common shares. Post reverse split, one (1) common share will be exchanged for thirty (30) current, pre-reverse split, common shares. The reverse split will be effective ten (10) days after this announcement. Additionally, the majority shareholder vote approved a dividend of Series A convertible preferred that should be declared to the shareholders of record on June 30, 2006.