latest news releases from the newsroom
Sun New Media Inc.
Sun New Media Acquires Assets in Asia
DIAMOND BAR, Calif., Sept. 30, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced its intention to acquire several revenue-generating assets from Singapore-based Sun Business Network Ltd. ("SBN"), a regional leader in leisure and lifestyle publishing.
Newmark Details Forward Stock Split and Name Change
VANCOUVER, British Columbia, Sept. 30, 2005 (PRIMEZONE) -- Newmark Ventures, Inc. (OTCBB:NWMV) ("Newmark") today announced that October 20, 2005 will be the effective date of a 3 for 2 forward stock split of Newmark's common shares in which one additional share will be issued for every two outstanding shares. The record date for the transaction will be October 10, 2005. Any fractional shares that might result from the forward stock split will be rounded up to the nearest whole share.
Innova Holdings, Inc.
Innova Holdings, Inc. Chairman and CEO Walter Weisel, Keynote Speaker at RoboNexus
FORT MYERS, Fla., Sept. 30, 2005 (PRIMEZONE) -- Innova Holdings, Inc. (OTCBB:IVHG), an automation technology company providing hardware and software systems-based solutions to the service, personal, and industrial robotic markets, announced today that Walter Weisel, Chairman and CEO of Innova Holdings, Inc., will be a keynote speaker at RoboNexus, October 6-9, 2005, at the San Jose Convention Center, San Jose, CA. Mr. Weisel's presentation is titled, "REAL Service Robots... From Factories, Human Services, Military and Space Applications" and will be presented at 9 a.m. on Thursday, October 6.
OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. Announces Commercial Results of First Tennessee Natural Gas Well
HOUSTON, Sept. 30, 2005 (PRIMEZONE) -- OMDA Oil and Gas, Inc. (Pink Sheets:OMOG), an oil and gas production company, through its Chairman, Adam Barnett, announces an update on its Young Oil Project. The operator has informed the company that the Gernt Estates #15 well has been tested and dually completed in the Fort Payne and Monteagle formations. These are the traditional zones in the area. The well is now being stubbed into the transport line and is expected to begin producing at an initial daily rate of 40 mcf in the next few days. Based on historical information about this area and thickness of the pay zones, Young expects this rate to initially increase as the well "cleans" itself by producing. They also expect ultimate recoverable reserves of 250 million cf from this well alone. Natural gas wells in this area tend to be very long lived with some producing over 20 years. If the well just maintains this level and does not show an increase, OMOG should receive its initial investment back on its 20% interest (15% net) in some eight months with an additional five to seven times return on investment over the life of the well. These estimates are based on current natural gas prices.
Drink Safe Technologies
Drink Safe Technology Honored by MOMA Safety Exhibit
ANDERSON, Ala., Sept. 30, 2005 (PRIMEZONE) -- American company Drink Safe Technology has been chosen to participate in the first major exhibition at the newly renovated Museum of Modern Art, New York. The exhibition, called SAFE: Design Takes on Risk will showcase 300 products from across the globe specifically designed around safety. Francisco Guerra and Brian Glover of Drink Safe Technologies invented the world's first test strips commercially used to detect certain illicit drugs that may have been unknowingly slipped into a drink. The test in the form of small cards and bar coasters target the date rape drugs GHB and Ketamine, and help raise awareness of the current global trend of drink spiking and drug-facilitated sexual assault. This technology has been independently proven to act as a deterrent to potential spikers and therefore reduces the incidents of this traumatic crime. In 2002, the product was acknowledged as one of the coolest inventions of the year by TIME magazine, while in 2003 the graphic design was transformed to suit the different international markets and the name DRINK SPIKE DETECTOR was born. The product is now available around the globe, including UK/EU, New Zealand, South Africa, Singapore, Malaysia, China, Australia, Canada and the U.S. The exhibition runs from October 2005 till January 2006 and will help Drink Safe Technology in their goal to stop this crime before it even happens.