latest news releases from the newsroom
Limelight Media Group Inc
Limelight Media Group and IMPART, Inc. Combine Forces
MEMPHIS, Tenn., July 7, 2005 (PRIMEZONE) -- Limelight Media Group, Inc. (OTCBB:LMMG) an innovator in the creation and management of out-of-home digital advertising networks, today announced that on June 30, 2005, it completed its acquisition of IMPART, Inc., a leading full-service provider of dynamic media solutions. The all stock transaction -- detailed in the company's 8K filing to be filed with the Securities and Exchange Commission today -- includes a reincorporation in Delaware within 90 days. The companies intend to centralize operations in Seattle. As part of the deal, IMPART, Inc. will maintain its name and brand identity and operate as a wholly owned subsidiary of Limelight Media Group, Inc. There are no anticipated layoffs expected at either company as a result of the acquisition and the existing management team for both organizations will remain intact.
GTREX Capital Demands Immediate De-listing from the Berlin Stock Exchange
ALISO VIEJO, Calif., July 7, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that it is taking immediate steps to de-list its common stock from trading on the Berlin-Bremen Stock Exchange. Legal counsel to GTREX Capital has sent a written demand to the Berlin-Bremen Stock Exchange (BBSE) that it immediately halt trading of the Company's stock and take whatever action is necessary to completely de-list GTREX Capital from the BBSE.