latest news releases from the newsroom
Allied Energy Inc
Allied Energy Corporation Signs Letter of Intent to Merge with FloodSmart, Inc.
HOUSTON, Aug. 10, 2005 (PRIMEZONE) -- Allied Energy Corporation (Pink Sheets:ALNG) ("Allied") and FloodSmart, Inc. ("FloodSmart"), today announced that they have signed a Letter Of Intent ("LOI") with respect to FloodSmart's acquisition of Allied in a reverse merger transaction. Under the non-binding LOI, FloodSmart(tm) and Allied will proceed to negotiate a definitive merger agreement.
Mark Keatley Appointed as Actavis Group's Chief Executive of Finance
REYKJAVIK, Iceland, Aug. 10, 2005 (PRIMEZONE) -- Actavis Group hf. ("ACT") announces today that Mark Keatley has been appointed as Chief Executive of Finance of the Actavis Group from 1 September and will become a member of the Group's Executive Board. Mark joins Actavis from Famar SA, the leading European contract manufacturer of pharmaceuticals, where he has served as the CFO in London since 2002. Prior to joining Famar, he served as CFO at Ardana Bioscience Limited in Edinburgh from 2001-2002 and Ashanti Goldfields Company Limited in Accra, Ghana from 1994-2000.
Hendon Properties Purchases Rocky Mount Mall
ATLANTA, Aug. 10, 2005 (PRIMEZONE) -- Hendon Properties announced today the acquisition of Golden East Crossing in Rocky Mount, North Carolina, located a few miles east of Raleigh. Hendon Properties purchased North Dekalb Mall in Decatur, Georgia in October 2003 making Golden East Crossing its second major regional shopping center purchase. Golden East Crossing is a 580,000-square-foot shopping center, and, according to Charlie Hendon, founder of Hendon Properties, the town of Rocky Mount is located halfway between Florida and New York and benefits from heavy traffic and tourism on 1-95 and the Miracle Mile along Highway 301. It is also home to Abbott Laboratories, Nash Health Care systems, and Sara Lee Bakery, with the strongest population growth in the market being in the immediate vicinity of the mall.
IDS Worldwide Solutions, Inc.
IDS Worldwide Solutions, Inc. Announces Launch of Automobile, Home and Merchandise Internet Sales Portal
ORLANDO, Fla., Aug. 10, 2005 (PRIMEZONE) -- IDS Worldwide Solutions, Inc., (Pink Sheets:IDWS) announced today its launch of www.995ad.com, an Internet portal that brings together buyers and sellers of automobiles, boats, homes, and various other merchandise. Through www.995ad.com, IDS intends to directly compete with Autotrader.com(r) and eBay(r) in the lucrative online automobile, boat, and home sales markets. In addition, www.995ad.com offers listings for personal ads, employment, and travel services.
SEPATON Selects Emulex InSpeed Embedded Switches to Enhance Reliability, Availability and Serviceability
COSTA MESA, Calif., Aug. 10, 2005 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the industry's preeminent source for a broad range of advanced storage networking infrastructure solutions, today announced that SEPATON, Inc. has integrated the Emulex 2Gb/s InSpeed(TM) Model 350 and Model 370 Embedded Storage Switches into the SEPATON S2100 family of Virtual Tape Library (VTL) systems. As a result, SEPATON customers benefit from the RAS (Reliability, Availability, Serviceability) advantages inherent to InSpeed embedded switches, as its storage back-up and recovery systems are deployed.