latest news releases from the newsroom
QLogic Executives to Present at Banc America Investment Conference, Sept. 22
ALISO VIEJO, Calif., Sept. 20, 2004 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that H.K. Desai, chairman, CEO and president, and Tony Massetti, vice president and CFO, will deliver a company presentation at Banc America Securities 34th Annual Investment Conference, Wednesday, Sept. 22 at 11:30 a.m. in San Francisco.
New Life Scientific Inc.
Nevada Holding Enters into Licensing Agreement with the Institute of GeoInformational Analysis of the Earth
NEW YORK, Sept. 20, 2004 (PRIMEZONE) -- Nevada Holding Group, Inc. (Pink Sheets:NVHG) announced today that it has entered into an exclusive licensing agreement with the Institute of GeoInformational Analysis of the Earth. The Company shall market the Institute's proprietary Remote Earth Sensing (RES) technology. The license covers North and South America and Australia. NVHG may market RES applications non-exclusively in the rest of the world. Total purchase price for the license is $15 million U.S. dollars plus working capital. Both parties plan to finalize this transaction within 90 days. The Geoinformational Analysis technology would enable NVHG to locate for their clients underground mineral deposits or water by processing space images data combining with geological data of the land surface, taken from the satellites, and using proprietary software and specially devised analytical algorithms.
Rx Processing Corporation
Rx Processing Expands Sales and Marketing Team
TAMPA, Fla., Sept. 20, 2004 (PRIMEZONE) -- Rx Processing Corporation (Pink Sheets:RXPC), one of the nation's leading sources of low-cost prescription medications, today announces that in an effort to increase its sales and marketing initiatives it has retained the services of William A. Folino. RX Processing will benefit from Mr. Folino's twenty-four years of experience with major industry leaders including 13 years at SmithKline Beecham/Quest Diagnostics, and Roche Bio-Medical/Lab Corp of America. He is a proven sales leader in the clinical pathology laboratory service industry and possesses clinical and business development expertise.
ADVA Optical Networking
ADVA Optical Networking and CNT Upgrade German Carrier NetCologne's SDH Network to Gigabit Ethernet Speeds
MARTINSRIED/MUNICH, Germany and MAHWAH, N.J., Sept. 20, 2004 (PRIMEZONE) -- ADVA Optical Networking and partner CNT today announced that NetCologne, a regional carrier based in Cologne, Germany, has deployed ADVA's Fiber Service Platform (FSP) 1500 system to upgrade its connection to DE-CIX, the central German Internet node in Frankfurt and the third-largest Internet node in Europe. Awarded the title of "Regional Fixed Network Provider of the Year" four times since 1999, NetCologne is now able to meet demand from 128,000 Internet customers -- including 60,000 digital subscriber line (DSL) customers -- for more bandwidth and greater transmission rates. NetCologne's enterprise customers can extend their Ethernet-based local area networks (LANs) across the metro and wide areas, seamlessly connecting multiple sites at native LAN speeds.