latest news releases from the newsroom
Auction Mills Inc.
Auction Mills Company Update
DALLAS, Oct. 6, 2004 (PRIMEZONE) -- Auction Mills Inc. (Pink Sheets:AUML) is proud to announce the successful openings of the first company-owned stores in Dallas and McKinney, Texas. Among general walk-in traffic, a large number of the majority of visitors to date have been business-to-business customers and investors. The recent partnering with Infopia continues to be on target with the companies projected timeline in preparation for franchise roll-outs in early 2005. Applications are continually being improved via the soft openings, and developments will continue as more customers bring their items in for sale, now that the stores are open for walk-in traffic.
Microsemi Sues Monolithic Power Systems (MPS) For Patent Infringement
IRVINE, Calif., Oct. 6, 2004 (PRIMEZONE) -- Microsemi Corporation (Nasdaq:MSCC) announced today that it is filing a patent infringement lawsuit against Monolithic Power Systems, Inc. (MPS) in the United States District Court for the Central District of California. Microsemi brings this suit to allege that MPS should stop illegally using Microsemi's patented technology and should provide monetary relief for unauthorized use of Microsemi's intellectual property.
Cell Power Technologies, Inc.
Cell Power Technologies Completes Private Placement; Raises Gross Proceeds of $2.2 Million
BROOKLYN, N.Y., Oct. 6, 2004 (PRIMEZONE) -- Cell Power Technologies, Inc. (OTCBB:CLPW) today announced that it has completed its previously announced offering of up to $3 million of its securities following the final closing on gross proceeds of $240,000. The amounts previously raised from the three interim closings on the offering were disclosed in Cell Power's quarterly reports on Form 10-QSB for the quarters ended April 30, 2004 and July 31, 2004. In total, Cell Power raised aggregate gross proceeds of $2,209,920 from the sale of 92.08 units of its securities at a per unit price of $24,000. Each unit consists of 32,000 shares of common stock and five year (subject to adjustment under certain conditions) warrants to purchase up to an additional 32,000 shares of common stock at a per share exercise price of $1.25. The offering expired as scheduled on September 29, 2004.
Maxus Technology Corp.
Maxus Technology Corporation Announces Senior Leadership Changes Company Strengthens Management Team
MORGAN HILL, Calif., Oct. 6, 2004 (PRIMEZONE) -- Maxus Technology Corporation (OTCBB:MXUS), a leading provider of eWaste and Asset Recovery solutions, today announced the appointment of a new Chief Executive Officer and member of the company's Board of Directors. Patrick Mulvey has been appointed by the board of directors and accepted the position of Chief Executive Officer, while the current CEO David Smith has resigned from the position of CEO citing personal reasons, but will remain as a consultant to the company.