latest news releases from the newsroom
Shearson Financial Network, Inc.
Consumer Direct of America Sub Moves Pipeline to $213 Million
LAS VEGAS, Oct. 18, 2005 (PRIMEZONE) -- Consumer Direct of America (OTCBB:CSUA) (CDA), a financial services holding company, today announced that its subsidiary, Shearson Home Loans, a fast growing mortgage banker/broker, has set its own new record for its mortgage loan pipeline at $213 million. Typically, the Company will close between 33% to 50% of its open pipeline in any 30 day period. The increase in the pipeline has been due to increased branch recruitment over the last six months. The Company typically earns revenue between 3% to 5% on loans it closes from its pipeline.
AngelCiti Entertainment, Inc.
AngelCiti Reports a 28.5 Percent Jump in Third Quarter Results
PEMBROKE PINES, Fla., Oct. 18, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software company, announced today that it had a gross net win of $270,841 and an overall handle of $6,994,216 for the third quarter of 2005 as compared to a gross win of $210,654 and an overall handle of $5,189,873 for the 2nd quarter of 2005.
China Digital Animation Development, Inc.
Maui General Store Signs Letter of Intent to Merge with Stem Cell Research and Technology Company
HANA, Hawaii, Oct. 18, 2005 (PRIMEZONE) -- Maui General Store, Inc. (OTCBB:MAUG) announced today that it has signed a letter of intent to merge with Palmera Holdings, Inc., dba Trinity BioGenics, an emerging adult stem cell technology company. Florida-based Trinity BioGenics has distinguished itself within a growing sector of research firms that focus on the use of adult stem cell tissues to develop revolutionary medical procedures. Trinity's technological accomplishments have and will continue to contribute to a redefinition of patient treatments and therapies for chronic ailments such as heart disease, diabetes, cancer, Alzheimer's disease and Parkinson's disease.
Nordic American Tanker Shipping Ltd.
Nordic American Tanker Shipping Ltd. (NAT) Announces Establishment of Dividend Reinvestment and Direct Stock Purchase Plan
HAMILTON, Bermuda, Oct. 18, 2005 (PRIMEZONE) -- Nordic American Tanker Shipping Ltd. (NYSE:NAT) (the "Company") today announced that the Securities and Exchange Commission has declared effective the Company's registration statement for a Dividend Reinvestment and Direct Stock Purchase Plan. Under the Plan, existing shareholders will be able to purchase additional shares by reinvesting all or a portion of the dividends that they receive from the Company. The minimum investment for existing shareholders will be $50. In addition, new investors will be able to join the Plan by making an initial investment of at least $250. Mellon Bank N.A. will act as Plan Administrator.
Findexa Limited -- New Search Service from Findexa
OSLO, Norway, Oct. 18, 2005 (PRIMEZONE) -- A completely new web search service named Yelo (www.yelo.no) is today being launched by the Norwegian media house Findexa. "This represents a strategically important initiative which will help us to reinforce our strong position on the internet," says CEO in Findexa, Cornel Riklin.
Calypso Wireless, Inc.
Sleipner Announces Acquisition by Calypso Wireless to Deliver Calypso Dual Mode WiFi-GSM-GPRS VoIP Smart Cellular Phones in Europe
MILAN, Italy, Oct. 18, 2005 (PRIMEZONE) -- Sleipner S.A., a Milan-based company at the forefront of development and design of software for wireless handheld devices announced today that it has signed an agreement to be acquired by Calypso Wireless, Inc., (Pink Sheets:CLYW) a leader in advanced wireless telecommunications technology. Sleipner's COMOB software enables smart phones and wireless PDA/Pocket PCs to switch between GSM or CDMA cellular towers and WiFi access points (hot spots). Sleipner provides VoIP and IP solutions and applications for the enterprise and vertical markets. The Sleipner software enhances and helps implement the CALYPSO patented ASNAP(tm) technology that allows the seamless switching between cell towers and various access points. The acquisition was made by Calypso to expedite the delivery to market of the Calypso' ASNAP(tm) patented technology on the C1250i WiFi-GSM-GPRS VoIP smart cellular phone. Calypso's C1250i, which runs on Intel (Nasdaq:INTC) PXA series application processor and Microsoft (Nasdaq:MSFT) WinCE 5.0 operating system, has already been successfully demonstrated in field trials.
DSM Acquires Chinese Resins Producer Syntech
HEERLEN, Netherlands, Oct. 18, 2005 (PRIMEZONE) -- Dutch specialty chemicals company Royal DSM N.V. today acquired Syntech, a producer and marketer of coating resins. Syntech has annual sales of around USD 30 million, generated with a broad portfolio of coating resins. The acquisition of Syntech further strengthens DSM's liquid coating resins portfolio and will enable DSM to further accelerate the expansion of its activities in the Chinese market.