latest news releases from the newsroom
World Golf League, Inc.
The WGL Announces The `Major's Series'
ORLANDO, Fla., May 24, 2004 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it would host four special events in 2004 on the Monday following the U.S. Open, British Open, PGA Championship and The Ryder Cup. The events will be played under the WGL one-day qualifier format and will have a cash prize pool to be determined by the sponsor. The events will be open to the first 72 members who register for each individual event and will be held in the NYC metropolitan area, Massachusetts, Wisconsin and Michigan. A national and regional sponsor will support each event.
TS&B Holdings Inc.
Investment Company TS&B Holdings, Inc. Files Third Quarter 10Q Which Shows Large Increases for Company
ORLANDO, Fla., May 24, 2004 (PRIMEZONE) -- James V. Sadrianna, the Chief Financial Officer of TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB), reported to management that the Company's 10Q was filed with the Securities & Exchange Commission on Friday, May 21, 2004. The 10Q showed a 511% increase in total assets over the same quarter in 2003 and a 705% increase compared to the Company's year-end of June 30, 2003. James V. Sadrianna stated, "This quarter fulfilled our earlier expectations of increased asset and shareholder value. There is a net increase in stockholders equity of $1,557,309 after adjustments for the recent change to 1940 Investment Act status. Total assets of $1,921,476 were reported for March 31, 2004 versus $314,441 for the same period in 2003 and $238,758 for the Company's year-end of June 30, 2003. The Company reported net income for the first quarter of 2004 of $418,727 versus net income of $4,477 for the same period in 2003. Shareholder's Equity increased from ($76,902) in March of 2003 to $1,303,160 for the same period in 2004. Shareholders can look forward to continued profitable operations as the Company continues to execute its business plan as a Business Development Company."
Sun Network Group and Legend Mobile Enter Into Marketing Agreement for MyRacemobile.com
DETROIT, May 24, 2004 (PRIMEZONE) -- The Sun Network Group, Inc. (OTCBB:SNNW), announced today that it has entered into an agreement with Legend Mobile (OTCBB:LGMB) to promote MyRacemobile.com news service, which is dedicated to motor sports, including NASCAR Nextel Cup, Busch Grand National and Craftsman truck series. Sun, through its Radio X Network, a new national radio network syndicated on over 115 US terrestrial radio stations, which it owns in partnership with Sports Byline USA, is contributing advertising time on several of its radio programs, valued at $250,000, to promote Myracemobile.com. Legend Mobile Inc. is dedicating the specially designed site to the Sun relationship and sharing the revenue from each subscription sold.
Emulex Ships Its 2 Millionth Port of InSpeed Embedded Storage Switches
COSTA MESA, Calif., May 24, 2004 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the market leader in Fibre Channel host bus adapters (HBAs) and embedded storage switches, and a leading supplier of intelligent building blocks for next generation storage networking systems, today announced it has now shipped over 2 million ports of InSpeed(tm) switches. During the first quarter of 2004, Emulex's InSpeed port shipments exceeded the combined Fibre Channel Fabric and Chassis switch port shipments of all vendors by more than 25 percent, as estimated by leading industry market research firm The Dell'Oro Group.
Chino Commercial Bank
Chino Commercial Bank, N.A. Shareholders' Approve Bank's First Stock Split
CHINO, Calif., May 24, 2004 (PRIMEZONE) -- Dann H. Bowman, President and Chief Executive Officer of Chino Commercial Bank, N.A. (OTCBB:CKNA), announced today that the Bank's Shareholders approved a three-for-two stock split of the Bank's Common Stock at the Annual Meeting on May 20, 2004. Owners of record as of May 20 will receive one additional share of stock for every two shares owned on that date. It is anticipated that the additional shares will be payable on or about June 17, 2004. The stock market should reflect the split price per share by June 18, 2004. Shares of the Bank are listed on the OTCBB under the ticker symbol "CKNA".
Elekta Receives Award For Export Achievements
STOCKHOLM, Sweden, May 24, 2004 (PRIMEZONE) -- Elekta today received the Export Hermes award from the Swedish Trade Council and the Fund for Export Development for the company's export successes and world-unique position within neurosurgery.