latest news releases from the newsroom
Imperia Entertainment Inc.
Soleil Film Announces 75% Equity Interest Increase In Highly Anticipated Feature Film Debuting At Cannes Film Market
SANTA BARBARA, Calif., May 2, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that it has increased its stake in the highly anticipated feature film, "All That I Need," by 75%, from its original 20% to 35%. "We are extremely pleased about the opportunity to acquire an increased equity share in the feature," commented CEO, Kenneth Eade, "and are even more pleased that major distributors have confirmed they will be attending the screening of the film at the Cannes Film Festival next month".
Powerwave Technologies Reports First Quarter Results
SANTA ANA, Calif., May 2, 2005 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today reported net sales of $162.2 million for its first quarter ended April 3, 2005, compared to first quarter fiscal 2004 revenues of $63.2 million. Powerwave also reported first quarter net income of $5.4 million, which includes a total of $3.9 million of acquisition related intangible asset amortization and a one-time charge of $0.4 million related to the allocation of a portion of the purchase price associated with Powerwave's acquisition of certain assets of Kaval Wireless to in-process research and development expenses. The net income equates to fully diluted earnings per share of 5 cents for the first quarter, and a basic earnings per share of 5 cents for the same period.
SmartPros' Subsidiary, Working Values, Ltd., Expands Network of Affiliated Ethics Services Providers With Orsborn Partners
HAWTHORNE, N.Y., May 2, 2005 (PRIMEZONE) -- Working Values,(r) Ltd., a wholly owned subsidiary of SmartPros Ltd. (AMEX:PED), a leading developer of accredited continuing professional education, today announced that Orsborn Partners, Inc. has agreed to join Working Values' proprietary national network of affiliated ethics services providers, comprised of globally recognized experts in the field of corporate ethics, compliance and reputation management.
EQT Sells Sirona to Madison Dearborn Partners, LLC
STOCKHOLM, Sweden, May 2, 2005 (PRIMEZONE) -- EQT III Limited ("EQT") together with Sirona management has signed an agreement with Madison Dearborn Partners, LLC to sell Sirona Group, a leading manufacturer of dental equipment for clinics and dental laboratories.