latest news releases from the newsroom
Southern States Power Company, Inc.
Southern States Power Co. Announces Acquisition of SunAmp Power Company, Inc.
RIVERSIDE, Calif., Jan. 22, 2004 (PRIMEZONE) -- Southern States Power Company, Inc. (Pink Sheets:SSPC), today announced that the Company has finalized an agreement to acquire 51% of the outstanding and issued stock of SunAmp Power Company, Inc., a leading regional solar energy provider with approximate gross revenues of $1.2 million in 2003. Details of the agreement are included in a Current Reports on Form 8-K filed today with the Securities and Exchange Commission.
Ocwen Financial Corp.
Ocwen Technology Xchange Empowers REALTrans with ACI's Forms Server
WEST PALM BEACH, Fla., Jan. 22, 2004 (PRIMEZONE) -- Ocwen Technology Xchange, Inc.(tm) ("OTX"), a subsidiary of Ocwen Financial Corporation (NYSE:OCN), and ACI, a leading mortgage technology provider, today announced that OTX has embedded ACI's Forms Server(tm) into the REALTrans(r) platform. The integration of these two systems provides REALTrans vendors with an Internet-based forms engine for numerous products and improved online publication to its mortgage lending customers.
New Motivational Book Uses Fiction, Time Travel, and Beautiful Illustrations
SOMERSET, N.J., Jan. 22, 2004 (PRIMEZONE) -- Take a moving journey of inspiration and insights in a new inspirational book that melds the genre's tradition with fiction and humor. Taking readers back to the eighteenth century and to an initiation ceremony called the Circle of Light, author Joan Fericy's new book Elayne sketches the life of a young woman as she hurdles her insecurities and deals with the realities of life.
NEON Communications Group, Inc.
Globix Completing Sale of Tribeca Building for $60 Million Cash
NEW YORK, Jan. 22, 2004 (PRIMEZONE) -- Globix Corporation, (OTCBB:GBXX) a leading provider of managed Internet applications and infrastructure services today announced it had completed the closing papers for its previously announced sale of its property located at 415 Greenwich Street in New York City to 415 Greenwich Fee Owner LLC, a successor in interest to Heritage Partners, for $60 million in cash. Funding is expected to occur shortly. Net proceeds of the sale are anticipated to be approximately $49 million. The company expects to use approximately 90% of these net proceeds to purchase its 11% Senior Notes at face value plus accrued interest and the remaining portion for working capital. The company will record a non-cash loss of approximately $18 million.