latest news releases from the newsroom
NetFabric Holdings, Inc.
NetFabric Announces Conversion of a Note by Macrocom Investors, LLC
DENVILLE, N.J., May 26, 2006 (PRIMEZONE) -- NetFabric Holdings, Inc., (OTCBB:NFBH) (NetFabric) today announced that the Company and Macrocom Investors, LLC (Macrocom) entered into an agreement, whereby Macrocom agreed immediately to convert a note issued by the Company in the principal amount of $500,000 and due on October 10, 2006, including all interest accrued hereon, into one million restricted common stock of the Company. In addition, Macrocom and the Company agreed to waive and release each other from any claims in connection with the Note and all other agreements executed to date between Macrocom and the Company. In exchange for the waiver and the early conversion, the Company agreed to issue to Macrocom one million and five hundred thousand shares of restricted common stock.
Murray, Frank & Sailer LLP
Murray, Frank & Sailer LLP Announces the Filing of a Shareholder Class Action Against China Energy Savings Technology, Inc. -- CESV
NEW YORK, May 26, 2006 (PRIMEZONE) -- Murray, Frank & Sailer LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all who purchased shares of China Energy Savings Technology, Inc. (Pink Sheets:CESV) ("China Energy" or the "Company") between April 21, 2005 through February 15, 2006, inclusive (the "Class Period").
Murray, Frank & Sailer LLP
Murray, Frank & Sailer LLP Announces the Filing of a Shareholder Class Action Against Escala Group, Inc. -- ESCL
NEW YORK, May 26, 2006 (PRIMEZONE) -- Murray, Frank & Sailer LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all who purchased shares of Escala Group, Inc. (Nasdaq:ESCL) ("Escala" or the "Company") between September 5, 2003 and May 10, 2006, inclusive (the "Class Period"). The Complaint alleges violations of both the Securities Exchange Act of 1934.
Quantum Energy, Inc.
Boomers Cultural Development, Inc. Announces Name Change and New CUSIP Number
LAS VEGAS, May 26, 2006 (PRIMEZONE) -- Boomers Cultural Development, Inc. (OTCBB:BCDI), a Nevada Corporation, reports that it has changed its name to Quantum Energy, Inc. and that it has been issued a new trading symbol on the OTCBB. The name change is effective at the open of the market on May 30, 2006 and the new trading symbol is OTCBB:QEGY. The company's new CUSIP number is 747645.
Falcon Energy Inc.
Falcon Energy, Inc. Initiates Detailed Study For Work Program On Mongolian Properties
VANCOUVER, British Columbia, May 26, 2006 (PRIMEZONE) -- Falcon Energy, Inc. (Pink Sheets:FCYI) is pleased to announce that it will be initiating a detailed study for two of the properties for which it holds exploration licenses in Mongolia. The studies will be in preparation for a work program on the properties. Falcon Energy Inc. will seek to engage a geological team to study its properties and make recommendations for the commencement of a work program. Both properties hold great promise for the discovery of significant deposits of Uranium.