latest news releases from the newsroom
Ocwen Financial Corp.
VA Property Management Contract Awarded To Ocwen
WEST PALM BEACH, Fla., Sept. 9, 2003 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN), a residential mortgage loan servicer, and The Department of Veterans Affairs (VA) announced today that Ocwen Federal Bank FSB, a subsidiary of Ocwen, has been awarded the contract for the management, marketing and sales of all VA Real Estate Owned (REO) properties located throughout the United States and its territories. The contract period is for 11 months with four one-year extensions at the VA's option. During the contract Ocwen will manage approximately 12,000 properties per year. Ocwen's expected revenue will range from $95 million to $125 million over the life of the contract.
International Steel Group Inc. (ISG)
ISG Burns Harbor Wins Saturn University Award
BURNS HARBOR, Ind., Sept. 9, 2003 (PRIMEZONE) -- ISG Burns Harbor has received the Saturn University Award for 2002. The award recognizes ISG for its support and commitment to Saturn University, which provides educational resources to the companies, which supply materials, parts and services to Saturn Motor Company in Spring Hill, Tennessee. The award was accepted by Hank Darlington, ISG Detroit sales manager and Bill Adams, ISGs Saturn account manager.
Crew Gold Corporation
Memorandum of Understanding signed for the processing of Nalunaq ore
LONDON, Sept. 9, 2003 (PRIMEZONE) -- Crew Development Corporation ("Crew") (TSE:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRWVF): Crew Development Corporation ("Crew") is pleased to announce that a Memorandum of Understanding (MOU) has been signed with Rio Narcea of Spain regarding the processing of ore from Nalunaq Gold Mine (NGM), that will allow for a higher mining rate as well as an earlier start of gold production.
Nomadix Releases New Wireless Gateway -- The AG-2000w is the Market's Most Advanced 'HotSpot-in-a-Box'
WESTLAKE VILLAGE, Calif., Sept. 9, 2003 (PRIMEZONE) -- Nomadix, Inc. (www.nomadix.com), the leading supplier of Public-access solutions, today announced the release of the AG-2000w, its new Wireless Gateway. The AG-2000w rounds out the Nomadix family of Access Gateways, combining the Nomadix Service Engine(tm) (NSE) software with a high performance, dual band tri-mode Wi-Fi radio. In addition to running the full set of Public-access features contained within the NSE Core, the AG-2000w offers several Optional Module Upgrades that can be tailored to create an ideal Wi-Fi service offering or enable a wholesale provider to offer access over a large footprint to many retail providers.
Emulex Announces EMC E-Lab Qualification of its New LP10000 and LP10000DC Fibre Channel HBAs
COSTA MESA, Calif., Sept. 9, 2003 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the world's leading supplier of storage networking host bus adapters (HBAs), announced today that EMC Corp. (NYSE:EMC) is the first OEM partner to qualify the newest members of Emulex's LightPulse family of HBAs, the LP10000 and dual channel LP10000DC, as E-Lab Tested(tm). EMC's qualification with Symmetrix(r) and CLARiiON(r) networked storage systems running Linux, Windows and Solaris marks the general availability of the LP10000 HBA product family into the marketplace. Emulex's recently released Open Source Linux driver is also qualified by EMC with the Emulex LP9802, LP9802DC, LP9002 and LP9002DC, for use with Symmetrix and CLARiiON networked storage systems.
AdZone Research, Inc.
AdZone Research Reports Barrow Street Research Reiterates Its Recommendation in Updated Report
NEW YORK, September 9, 2003 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR), a pioneering Internet surveillance technology solutions provider, today reported that Barrow Street Research, an independent research group headquartered here, today reaffirmed its buy recommendation on the company, originally issued in October 2002, in an updated progress report scheduled to be published today.
Northrop Grumman Corp.
U.S. Air Force Awards Northrop Grumman Space Surveillance Contract
HERNDON, Va., Sept. 9, 2003 (PRIEMZONE) -- Northrop Grumman Corporation (NYSE:NOC) has been awarded a contract to continue supporting the U.S. Air Force Space Command's Ground-Based Electro-Optical Deep-Space Surveillance System (GEODSS). Northrop Grumman will implement new performance improvement and cost saving approaches for GEODSS by introducing greater use of web-based technology in training and information management, and implementing quality program improvements.
Proha Concludes Joint Discussions On Temporary Dismissals In Finland
HELSINKI, Finland, Sept. 9, 2003 (PRIMEZONE) -- Proha concluded joint discussions on temporary dismissals of its personnel in Finland. As a result, Proha-Group will temporarily dismiss 91 employees for an average of 2 weeks in Finland. The maximum total number of temporary dismissals is 50 man-months and they are scheduled to take place between September 2003 and March 2004. Approximately half of the temporary dismissals will take place during 2003 and they concern all personnel groups.