latest news releases from the newsroom
Smart-tek Solutions Inc.
Smart-tek CEO Meets With Chinese Officials On Avian Flu
CORTE MADERA, Calif., Nov. 21, 2005 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that the company has met and discussed with the Chinese government to immediately prepare for test trials of its RFID monitoring and tracking technologies at a poultry farm in China, in the fight against the possible spread of the H5N1 Avian Influenza.
Sun New Media Inc.
Sun New Media Further Revises Transaction with Sun Business Network
DIAMOND BAR, Calif., Nov. 21, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMDE) ("SNMI") today announced it has entered into agreements to acquire certain assets from and a minority equity interest in Sun Business Network, Ltd. ("SBN"). SBN is engaged in business media in Asia and is publicly traded on the Singapore Stock Exchange. The transactions contemplated by these new agreements supersede in their entirety the transactions with SBN previously announced by the Company.
Hydro Secures Oil and Gas Prices for Spinnaker's Near-Term Production
OSLO, Norway, Nov. 21, 2005 (PRIMEZONE) -- Hydro has entered into a hedging program for the majority of Spinnaker Exploration's expected oil and gas production for the period 2006 to 2008. The hedge secures the value of short-term cash flows and thereby protects the economics in the acquisition against declining oil and gas prices. Hydro stated that it planned to hedge the near-term production when the agreement to acquire Spinnaker was announced in September 2005. Through the hedge Hydro has locked in a minimum value of approximately USD 1.6 billion for the revenues from the expected production, corresponding to approximately 63 percent of Spinnaker's transaction value of USD 2.56 billion.
BitWave Semiconductor, Inc.
BitWave Semiconductor Introduces the Softransceiver, an RFIC that Enables True Global Multi-band, Multi-protocol Wireless Connectivity
LOWELL, Mass., Nov. 21, 2005 (PRIMEZONE) -- BitWave Semiconductor, Inc., a fabless semiconductor company and innovator of software defined transceiver technology for the wireless industry, today announced the development of the Softransceiver RFIC. BitWave is implementing its patent pending, software defined transceiver technology in a single CMOS RFIC chip, designed to enable users of cell phones, laptops and other mobile devices to communicate across diverse networks. Mobile devices using the Softransceiver can easily operate on multiple frequencies and communication protocols, giving consumers and businesses a broader choice of networks and services. The Softransceiver will allow network operators to offer services on demand and allow device manufacturers to build a single, low cost radio that can be used in any network, anywhere. The Softransceiver chip will be available in the summer of 2006 for customer sampling and testing.
SmallCap Sentinel: As Gold Prices Rise, Small Cap Investors Turn to Gold Stocks
IRVINE, Calif., Nov. 21, 2005 (PRIMEZONE) -- "With gold hitting an 18-year high last week, heads are starting to turn in the small cap market," stated SmallCap Sentinel analyst D.R. Clark. "Microcap and small-cap investors, always eager to ride a wave, are starting to seriously consider gold-based public companies. Meanwhile, astute gold bugs are looking for the next wave within the wave creating more than a subtle industry buzz that something special could be happening in gold-rich Alaska."