latest news releases from the newsroom
Global Debit Cash Card Inc.
Global Debit Cash Card Receives Initial Debit Card Order
MONTVALE, N.J., May 5, 2004 (PRIMEZONE) -- Global Debit Cash Card Inc. (Pink Sheets:GLCD) has received an initial order from Micronet Networking Inc. for 7,500 pre-paid, private label cash cards for the Portuguese market in the United States and Canada. The $125,000 order marks the first coordinated effort between Global and Micronet Networking Inc. in niche ethnic marketing.
Coastal Holdings, Inc.
Coastal Holdings, Inc. Acquires Major Stake in Vetdermal Systems Limited
HOUSTON, May 5, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to announce the acquisition of a major stake in Vetdermal Systems Limited, an England-based company that is developing an innovative drug delivery system for animals. Vetdermal's novel drug dosage system is based on a unique technology platform originally developed in Israel. The company is planning drug trials in the coming months with strategic partners in the industry.
CALAMOS Asset Management, Inc.
CALAMOS Strategic Total Return Fund (CSQ) Announces Initial Dividend
NAPERVILLE, Ill., May 5, 2004 (PRIMEZONE) -- CALAMOS Strategic Total Return Fund (NYSE:CSQ) (Cusip No.: 128125 10 1) announced today the declaration of a dividend distribution of $0.075 per share, payable on June 23, 2004, to shareholders of record on June 11, 2004. Assuming the foregoing, the ex-dividend date should be June 9, 2004. The dividend equates to a current annualized yield of 6.00%(1) based on the Fund's initial offering price of $15.00 market price per share. Past performance is no guarantee of future results.
Capital Hill Gold Inc.
Capital Hill Gold to Commence Drilling and Trenching in Arizona
STUART, Fla., May 5, 2004 (PRIMEZONE) -- Capital Hill Gold (OTCBB:CAGI) will commence drilling and trenching on its Mexican Hat Property, near Pierce, Arizona on May 10th, 2004. The current program is being managed by Norm Pearson and supervised by Charles K. Ikona, P.Eng, a senior managing partner of Pamicon Developments Ltd., Canadian Mining Consultants.
Mellon Research, Inc.
Mellon Research Inc. Announces Major Bridge Funding Contract for New Client in Athens, Greece
PHOENIX, May 5, 2004 (PRIMEZONE) -- Mellon Research Inc. (OTCBB:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms, today announced that it has successfully setup a bridge funding loan for $120 million for a new client that has been collateralized by $300 million in fixed real estate assets. The new client is a major construction firm that is working on several major projects that must be completed in time for the upcoming Summer Olympics, which are being held in Athens Greece.