latest news releases from the newsroom
Coastal Holdings, Inc.
Coastal Holdings, Inc. Retires 2 Billion Shares to Treasury
HOUSTON, March 10, 2005 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ), a leading edge global technology holding company, announced today that it has retired 2 billion shares to the Company's treasury, thereby reducing the total number of issued and outstanding shares. The restricted shares were originally issued to fund one of the Company's major investments in lieu of cash. CSJJ is pleased to report that it has accumulated the required cash to fund the investment and has financed the transaction as such in place of the original restricted shares. CEO Andrea Cortellazzi stated, "The retiring of these restricted shares is definitely a positive development for the company that will add significant shareholder value. We are pleased to report that over the past 2 months we have retired about 3.6 billion shares."
Mimer Information Technology
Mimer SQL Now Available for Apple's Mac OS X
STOCKHOLM, Sweden, March 10, 2005 (PRIMEZONE) -- Mimer Information Technology, a leading developer of enterprise and mobile database servers, today announces the immediate availability of Mimer SQL for Mac OS X. This makes it possible also for Mac users to take full advantage of Mimer SQL's high performance and zero maintenance. A free development and evaluation version of Mimer SQL for Mac OS X is available for download from Mimer's web site (http://developer.mimer.com/macosx).
Universal Detection Technology
Universal Detection Technology Installs Anthrax Smoke Detector In A Well-Known Internationally Branded Hotel Chain
LOS ANGELES, March 10, 2005 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) today announced that it has installed an Anthrax Smoke Detector (ASD) unit at a major hotel in Orange County, Calif. The detection device was installed within the hotel's Heating Ventilation Air-Conditioning (HVAC) system at the point where air from the lobby and the common areas are circulated back in to the building. An inlet head that captures particles smaller than three microns was placed in the main exhaust duct from the lobby and fed directly into the ASD. Air traveling through the duct at 16.1 feet per minute will be sampled on an hourly basis for the presence of bacterial spores. We expect that collected samples will provide valuable scientific data about background bacterial spore levels in the air. The company will use the data to closely monitor and study the performance of the machine in a non-controlled setting. At the hotel's request, the specific identity and location of the hotel cannot be disclosed, however, the Company can disclose that the detection devise was installed in one of the most well known internationally branded hotel chains.
Nannaco's Merger Partner Targets Financing to Contemplated Acquisitions
GIG HARBOR, Wash., March 10, 2005 (PRIMEZONE) -- Nannaco, Inc. (OTCBB:NNNC), which announced on March 8th that its merger partner, Global Defense Corporation ("GDC"), received a $10.6 million funding commitment including a Standby Equity Distribution Agreement from Cornell Capital, announced today GDC's plans to use the proceeds for acquisition of relevant technology interests in the Homeland Security industry.