latest news releases from the newsroom
Modern Technology Corporation
Modern Technology Corp. Subsidiary Sound City to Open Reliant Distributing
OXFORD, Miss, June 22, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG) a diversified technology development and acquisition company, announced today its subsidiary Sound City initiated operations of Reliant Distributing. This new operation continues the company's rapid expansion and growing product offerings for 2005. Added revenues from the Reliant operation are projected to be in excess of $500,000 for 2005 and over $2,000,000 for 2006.
WorldWater & Solar Technologies
WorldWater & Power Corp. Poised to Enter China Market, Signs Rep Agreement With Xinhua Financial Network
PENNINGTON, N.J. - June 22, 2005 - WorldWater & Power Corporation (OTCBB:WWAT), maker of high-horsepower solar energy systems, has been making preparations for introducing its solar powered systems to the expansive China market. In late May, WorldWater & Power exhibited at the Second China International Renewable Energy Equipment & Technology Exhibition and Conference and the China Beijing International High-tech Expo (CHITEC) in Beijing, making contact with several hundred visitors from Korea, Mongolia, and throughout China. The Company has now announced the signing of an Agreement with Xinhua Financial Network Limited (XFN), China's premier financial services and media company, to represent WorldWater & Power in the Chinese water and energy markets.
Imagis to Change Company Name, Appoints Distinguished Board Member and New VP Sales
VANCOUVER, British Columbia, June 22, 2005 (PRIMEZONE) -- Imagis Technologies Inc. ("Imagis") (OTCBB:IMTIF) (TSX-V:WSI) (DE:IGYA) announced today that pursuant to shareholder approval, received at the company's annual general meeting on June 17, 2005, the company intends to change its name to "Visiphor Corporation" and to continue the company under the Canada Business Corporations Act. The name change remains subject to regulatory approval by the Canadian Registrar of Companies and the TSX Venture Exchange. The company's shares will continue to trade under existing stock symbols until the legal name change has been completed. The new name is derived from the term "visual metaphor", which describes how the company's advanced integration solutions utilize visual symbology to reduce the complexity involved in connecting disparate data and systems.
Telenor Wins ICT Contract with Nye Ahus
OSLO, Norway, June 22, 2005 (PRIMEZONE) -- The board of Nye Ahus has awarded Telenor, in close cooperation with HP and other partners, the contract for procurement and construction of ICT infrastructure to the hospital. The contract has a value of approximately NOK 280 million, inclusive of VAT.The new university hospital, which is under construction at Loerenskog outside Oslo, is due to be completed on 1 October 2008. This contract confirms the strong position that the consortium led by Telenor and Hewlett-Packard Norway has gained with respect to supplies of ICT solutions to the Norwegian health services.