latest news releases from the newsroom
Meritage Homes Corporation
Meritage Homes Corporation Announces $100 Million Increase to Its Stock Repurchase Authorization
SCOTTSDALE, Ariz., Aug. 14, 2006 (PRIMEZONE) -- Meritage Homes Corporation (NYSE:MTH) today announced that its board of directors authorized the Company to repurchase an additional $100 million of Meritage Homes common stock. The Company had approximately $34 million remaining under its existing $100 million repurchase authorization, originally announced February 21, 2006. As increased, the total authorized for repurchase of Meritage stock was approximately $134 million as of August 9, 2006.
MightyBids Auctions, Inc.
MightyBids.com Offers Users Chance to Win 2006 Smart Car
MONTREAL, Aug. 14, 2006 (PRIMEZONE) -- Having already proven that bigger isn't necessarily better by offering more and more advantages over existing online auction giants, Montreal-based Internet auction house MightyBids.com is rewarding users with a chance to benefit from that philosophy with the site's giveaway of an ultra-compact 2006 Smart car.
RedChip Companies Inc.
MedaSorb Technologies to Present at RedChip Small-Cap Conference in New York, August 15-16, 2006
ORLANDO, Fla., Aug. 14, 2006 (PRIMEZONE) -- RedChip Visibility, a division of RedChip Companies, Inc., announced that MedaSorb Technologies, LLC. (OTCBB:MSBT) will present at the RedChip Small Cap Investor Conference at the Ave. of Americas Hilton Hotel in New York, on August 16, 2006, at 9:00 AM (EST). MedaSorb Technologies has developed a new platform technology that efficiently removes toxic compounds from the bloodstream. Current state-of-the-art blood purification techniques are inadequate and are inefficient at removing these toxins. The Company's products, which incorporate a proprietary adsorbent polymer technology, are known medically as hemoperfusion devices and have many potential healthcare applications including sepsis
Gateway Financial Holdings, Inc.
Gateway Financial Holdings Announces Restatement of Financial Statements Due to Technical Clarification of Accounting for Certain Derivative Transactions
VIRGINIA BEACH, Va., Aug. 14, 2006 (PRIMEZONE) -- Gateway Financial Holdings, Inc. (Nasdaq:GBTS), the holding company for Gateway Bank & Trust Co., concluded after further examination and in light of recent developments and discussion with its independent registered accounting firm, Dixon Hughes PLLC (Dixon Hughes), that its historical financial statements for the quarter ended March 31, 2006 and its recent Form 8-K and related press release reporting results for the second quarter of 2006, should no longer be relied upon as a result of accounting treatment of certain derivative transactions relating to the Company's interest rate swap associated with its prime-based loan portfolio.
American Southwest Music Distribution, Inc.
American Southwest Music Distribution Announces Album Release
LOS ANGELES, Aug. 14, 2006 (PRIMEZONE) -- American Southwest Music Distribution, Inc., a wholly owned subsidiary of GL Energy & Exploration, Inc. (OTCBB:GEEX), announced today the expected September 26, 2006 album release of "Hate Me," by Houston rapper Maurice Williams, a.k.a. "Wine-O."
Clean Power Technologies, Inc.
Clean Power Technologies Inc. to Implement New Hybrid System on a Production Vehicle
CALGARY, Alberta, Aug. 14, 2006 (PRIMEZONE) -- Clean Power Technologies Inc. (OTCBB:CPWE), a developer of a unique and environmentally friendly alternative hybrid fuel technology, is pleased to advise shareholders and the investment community that substantial progress has been achieved in the design and development of the special components required for the implementation of this new hybrid technology on a current production vehicle. Clean Power also recently moved into its new state of the art facility and has added two additional specialists to its engineering team.
Universal Capital Management, Inc.
Universal Capital Management, Inc. Announces the Addition of Extreme Visual Technologies, Inc. to Its Portfolio of Companies
WILMINGTON, Del., Aug. 14, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT), a Business Development Company which provides emerging growth companies with management and strategic resources for successful growth, announced today that it is adding Extreme Visual Technologies, Inc., a Florida corporation, to its collection of portfolio companies.