latest news releases from the newsroom
Current Capital Spotlight Stocks to Watch for Thursday, February 17, 2005: BNTNF, UPL, IOC
TORONTO, Feb. 17, 2005 (PRIMEZONE) -- Current Capital's spotlight stock is Bontan Corporation (OTCBB:BNTNF). Bontan Corp. announced today that the operator of the gas exploration project in the State of Louisiana, USA, in which Bontan has a 49% gross working interest, has secured the 1300 acre lease block covering the area of interest. The prospect to be drilled is located in eastern Calcasieu Parish, along a trend of "Hackberry" fields that have produced approx. 140 billion cubic feet gas equivalent (bcfe) to date. Potential reserves, unrisked, in the prospect area could approach 50 bcfe in several reservoirs.
Velocity International Corp
Velocity International Corp. Signs International Scouting Agreement for Photographic and Fashion Model Talent from Brazil
TORONTO, Feb. 17, 2005 (PRIMEZONE) -- Velocity International Corp. ("VELOCITY," "VITJ," or the "Company") today announced an international talent scouting agreement with one of the world's premier model agents, Junior Pelicano the founder of L'Agence International Scouting. Junior Pelicano founded L'Agence International Scouting in 1991, has recruited some of the most famous and prized Top Models for the fashion industry and has been an outstanding agent for over 20 years. L'Agence International Scouting will provide scouting services to VITJ in the field of procuring photographic and fashion models in the country of Brazil, and will offer such models to VITJ for representation. This agreement will most likely launch and grow the gross revenues for Velocity's talent division this year. Velocity Talent intends to come out strong and begin to offer its new talent Velocity Girls through multimedia distribution outlets.
ATSI Communications Inc.
ATSI Expands Its VoIP Network With Nextone Communications
SAN ANTONIO, Feb. 17, 2005 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX) announced today that it has signed an agreement with NexTone Communications to expand its NexTone-powered VoIP network. The Company will expand the port capacity on its NexTone Multiprotocol Signaling Switch ("MSW") and Multiprotocol Session Controller ("MSC") by 50 percent and extend the term for support services provided by NexTone through February 2006. Since implementing the NexTone system in June 2004, ATSI's VoIP minutes of use ("MOU") has increased by 763 percent. Due to the dramatic growth in its core VoIP business, the Company required a system expansion to set the stage for continued growth for the remainder of its current fiscal year.