latest news releases from the newsroom
China Xin Network Media Corp.
CXN/Bio-Tracking Reduces Debt By 97.1%
MONTREAL, Quebec, May 25, 2004 (PRIMEZONE) -- CHINA XIN NETWORK MEDIA CORP. (OTCBB:CXIN:) The company balance sheet has been strengthened as a result of a significant reduction in liabilities. On December 31, 2003 liabilities were $1,345,149. Today the company stands virtually debt-free, at $38,463, an impressive reduction of 97.1%. This directly confirms the company's ability to persist with the execution of its business model by enhancing the capacity to raise additional capital with terms and conditions in our favor.
Abucco Technologies Inc. Shareholders Accept Stafford Energy, Inc. Offer
CARSON CITY, Nev., May 25, 2004 (PRIMEZONE) -- Stafford Energy, Inc., ("Stafford") (Pink Sheets:SFDE), is very pleased to announce that the binding Letter Agreement signed on May 4, 2004 with Abucco Technologies Inc. ("Abucco"), a private company incorporated under the laws of the Province of British Columbia, was given unanimous approval from the Abucco shareholders at the May 20, 2004 extraordinary shareholders meeting. The Abucco shareholders approved the terms of the Letter Agreement ("Agreement"), a reverse takeover by Stafford, whereby Stafford will acquire all of the issued and outstanding shares of Abucco in exchange for receiving the equivalent of 100% of the issued and outstanding shares of Stafford prior to the acquisition of Abucco being completed, which shares of Stafford will be issued pro rata to the shareholders of Abucco on the closing date. Stafford and Abucco are now formalizing the share exchange agreement and other documents that more fully delineate and formalize the terms outlined in the Agreement.
ViroPharma Provides Update on Intranasal Pleconaril
EXTON, Pa., May 25, 2004 (PRIMEZONE) -- ViroPharma Incorporated (Nasdaq:VPHM) today provided an update on intranasal pleconaril. Schering-Plough (NYSE:SGP) has an option to enter into a license agreement regarding ViroPharma's intranasal formulation of pleconaril. If Schering-Plough exercises the option and enters into the license agreement with ViroPharma, Schering-Plough would assume responsibility for all future development and commercialization of intranasal pleconaril for the treatment of the common cold in the United States and Canada.
Legend Mobile Continues Development Into Growing U.S. Text Messaging Market
DETROIT, May 25, 2004 (PRIMEZONE) -- Legend Mobile Inc. (OTCBB:LGMB) today announced continuing development of its line of mobile data product line including an updated version of Racemobile.com, Arena Football Mobile, and Choppermobile.com. A recently released industry survey indicated that one third of US mobile owners or approximately 33 million people are now using their handsets for text messaging.
CinTel Enters the Storage Solution Market with SEL
SEOUL, South Korea, May 25, 2004 (PRIMEZONE) -- Network solution provider, CinTel Corp. (OTCBB:CNCN) announced on May 25, 2004, that it entered into a Reseller and Co-marketing Agreement for the sale of Storage Attached Network (SAN) switches with Seoul Electron Ltd. CinTel also supplied a SAN switching solution to Hyundai Motor Co. in the amount of USD $35,000.
Alera Technologies offers Prosumer DVD/CD Repair Tool
CHATSWORTH, Calif., May 25, 2004 (PRIMEZONE) -- Alera Technologies, developer and manufacturer of Advanced Optical Recording Solutions, announced today its revolutionary DVD/CD Disc Repair Plus(tm), a complete disc repair kit including a motorized system with buffing, cleaning and repair wheels, and specialized liquid solutions for the disc restoration processes. The DVD/CD Disc Repair Plus is a patented, motorized system that can repair up to 99% of all scratched DVDs, CDs, Game Discs, VCDs, DVD+Rs, DVD-Rs, DVD+RWs, DVD-RWs, CD-Rs, and CD-RWs. It is also very useful in repairing scratched source discs for use in Alera Technologies Duplicators.
ARKONA Announces Certified Integration With Isuzu
SALT LAKE CITY, May 25, 2004 (PRIMEZONE) -- ARKONA Inc. (OTCBB:ARKN), the emerging leader in dealer management solutions for automobile and powersports dealerships, today announces the certification of its dealer management solution with Isuzu's dealership factory communications system. This new integration provides the more than 360 Isuzu dealerships with a more robust and a more cost-effective alternative to managing and exchanging information with Isuzu corporate.