latest news releases from the newsroom
QueBIT Consulting, LLC
QueBIT Consulting LLC Appoints Director of Business Intelligence
SCARSDALE, N.Y., March 7, 2007 (PRIME NEWSWIRE) -- QueBIT Consulting LLC announces the appointment of Mario Rubbo as Director of Business Intelligence. The company created this position in response to the growing needs of its clients and ongoing commitment and dedication to its customers to provide service excellence. Mario comes to QueBIT from ISA Consulting, where he was a leader in providing customers with world-class and cost-effective solutions that incorporate leading-edge technologies, systems and business processes. Mario brings with him a depth of experience in virtually every business market, including life sciences, services, publishing, insurance and manufacturing. Mario will be located in Princeton, N.J. and will report directly to Gary Quirke, President of QueBIT Consulting LLC.
International Food Products Group
International Food Products Group Announces Major Debt Reduction
NEWPORT BEACH, Calif., March 7, 2007 (PRIME NEWSWIRE) -- International Food Products Group, Inc. (OTCBB:IFDG) President, Mr. Ketan Mehta announced today that both the CEO and CFO of the company have agreed to waive accrued salaries totaling $450,000. In addition, both will forego any salaries or accruals for calendar year 2007, reducing the company's operating overhead by an additional $240,000. Mehta stated, "Following the signing of our binding Letter of Intent (LOI) for the acquisition of an $18+million cheese company, and in keeping with our commitment to keep IFPG debt free, I am extremely appreciative of this very generous gesture. This demonstrates management's commitment in ensuring the success we expect as we move forward."
Bioheart, Inc. Appoints William H. Pinon President and CEO
SUNRISE, Fla., March 7, 2007 (PRIME NEWSWIRE) -- Bioheart, Inc., a biotechnology company focused on the discovery, development and commercialization of cell-based therapies and related devices, for the treatment of heart damage, announced the appointment of William M. Pinon to the position of President and Chief Executive Officer, effective immediately.
SmallCap Sentinel: The Stock Market Two-Fer
IRVINE, Calif., March 7, 2007 (PRIME NEWSWIRE) -- "Unless you're buying a holding company with aspirations of spinning out one of their properties, rarely does a singular investment become ownership in two separate deals," stated SmallCap Sentinel analyst D.R. Clark.
Wall Street Savant
WallStreetSavant.com Announces Profile Coverage of MM2 Group, Inc.
BEAVERTON, Ore., March 7, 2007 (PRIME NEWSWIRE) -- Wall Street Savant, LLC (www.wallstreetsavant.com) announces initiation of Profile Coverage on MM2 Group, Inc. (OTCBB:MMGP) on its website. MM2 Group, Inc. is a nutraceutical company that is experiencing dramatic growth from rapidly increasing sales and an aggressive acquisition strategy. The Company's efforts are supported by solid working relationships with some of the largest and most respected investment funds, venture capital firms, and hedge funds in the world. The Company recently acquired Genotec Nutritionals, Inc., a leading nutraceutical marketing and distribution company located in New York. Utilizing a roll-up strategy, MM2 intends to acquire and consolidate a series of the best and brightest companies in this highly fragmented market, creating a large national company which will create value for both its shareholders and employees.