latest news releases from the newsroom
NetMusic Entertainment Corporation
NetMusic Makes Deal to Integrate Payment Services From Industry Leader MGI
SEATTLE, Aug. 15, 2005 (PRIMEZONE) -- Today, NetMusic Entertainment Corporation (Pink Sheets:NTMT) entered into an agreement with distribution pioneer Media Global Infrastructure, LLC of New York (MGI) (http://www.mgimedia.com/) to utilize the latter's revolutionary payment processing system into NetMusic's wholesale initiative. This integration will enable NetMusic the ability to process payments from multiple payment methods like credit cards, paypal, direct debit, and prepaid cards (virtual and physical) with substantially higher profitability. Additionally, the two will integrate international payment systems with currency conversion, value added tax functionalities, and multi-lingual capabilities, enabling NetMusic to increase its global expansion initiatives.
CTI Group Reports Continued Profits During Second Quarter 2005
INDIANAPOLIS, Aug. 15, 2005 (PRIMEZONE) -- CTI Group (Holdings) Inc. (OTCBB:CTIG), an international provider of electronic invoice management and telemanagement software and services, reported revenues of $6,809,485 for the six months ended June 30, 2005 a decrease of $745,755, or approximately 10%, from $7,555,240 reported for the six months ended June 30, 2004. Revenues for the three months ended June 30, 2005 were $3,628,809 decreasing $62,092, or approximately 2%, from $3,690,901 reported for the three months ended June 30, 2004. The decreases in revenues in 2005 were primarily attributable to the discontinuance of the unprofitable MagnaFlex product in 2004 and loss of associated revenues.
SpectraScience Files Quarterly Report on Form 10-QSB
SAN DIEGO, Aug. 15, 2005 (PRIMEZONE) -- SpectraScience, Inc. (Pink Sheets:SCIE) announced today that it has filed a quarterly report covering the first six months of 2005 with the S.E.C. on Form 10-QSB. The report can be viewed at our web page www.spectrascience.com.