latest news releases from the newsroom
First Equity Group
StockMarketNewsAlert.com Announces Investment Opinion for May 6, 2004
FORT LAUDERDALE, Fla., May 6, 2004 (PRIMEZONE) -- There was an impressive 4.3% gain in March factory orders, boosted by an upward revision to durable goods orders to 5.0% (previously reported at 3.4%), but the news failed to create much response. The Fed's future moves are likely to be heavily influenced by this Friday's employment report. It is expected to show that the US economy created another 173,000 jobs in April after a surprisingly strong showing of 308,000 jobs created in March. More information about this is available at: (http://www.stockmarketnewsalert.com).
Northrop Grumman Corp.
Northrop Grumman-Built High-Energy Laser Destroys Large-Caliber Rocket in History-Making Test
REDONDO BEACH, Calif., May 6, 2004 (PRIMEZONE) -- As the scope of battlefield threats continues to expand, so does the versatility of a high-energy laser system to defeat them. The U.S. Army's Mobile Tactical High Energy Laser (MTHEL) testbed destroyed a rocket on May 4 that's larger, faster and that flies higher than previous threats destroyed by the laser weapon demonstrator. Northrop Grumman Corporation (NYSE:NOC) built the demonstrator for the Army and the Israel Ministry of Defence (IMoD).
Flint Telecom Group, Inc.
Semotus Solutions Discusses Recent Stock Volatility
LOS GATOS, Calif., May 6, 2004 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), an innovative provider of software for mobile enterprise applications, today announced that the Company is unaware of any unusual operational reason for the trading volatility of its common stock during the past few days. However, a registration statement on Form S-3, registering for resale a total of 3,648,688 shares was declared effective on Thursday, April 29, 2004.
Murray, Frank & Sailer LLP
Murray, Frank & Sailer LLP Announces Expanded Class Period In Class Action Against Asconi Corporation -- ACD
NEW YORK, May 6, 2004 (PRIMEZONE) -- The law firm of Murray, Frank & Sailer LLP announced that the Class Period for the Class Action filed in the Middle District of Florida, on behalf of all persons or entities who purchased or otherwise acquired Asconi Corp. ("Asconi" or the "Company") securities (AMEX:ACD), has been extended. The new Class Period is June 11, 2001 through March 23, 2004, both dates inclusive (the "Class Period"). The Complaint names Constantin Jitaru, Anatolie Sirbu, and the Company as defendants.
SBAB reports a net operating income of SEK 193 million for the first quarter 2004
STOCKHOLM, Sweden, May 6, 2004 (PRIMEZONE) -- Net loan losses continue to be low and posted a positive result of SEK 8 million, an improvement of SEK 16 million over the corresponding period in 2003. Development of net interest income for the first quarter remains stable with a 2 per cent improvement in actual results over the corresponding period for the previous year.
CapSource Financial, Inc.
CapSource Announces Fourth Quarter Sales Up 283% Compared with Same Period Last Year; Full Year Sales Increased 55% Over Previous Year
BOULDER, Colo., May 6, 2004 (PRIMEZONE) -- CapSource Financial, Inc. (OTCBB:CPSO) announced that its consolidated net sales for the fourth quarter ended December 31, 2003 were $2,352,510 compared with $614,300 for the same period last year, an increase of 283%. For the year ended December 31, 2003 consolidated net sales were up 55% to $6,206,151 compared with $4,008,517 for the same period last year. The increases were primarily due to additional trailer sales resulting from the company's expanded sales efforts during 2003, including the opening of a new trailer sales facility in Mexico City. Lease/rental income was approximately equal to that of 2002.
VoIP MDU.COM Acquires Communications Software Company And Its $ 36.4 Million Of Current Contracts
CARLSBAD, Calif., May 6, 2004 (PRIMEZONE) -- VoIP MDU.COM (Pink Sheets:VPMD) today announced that it has acquired 100% of Sports, Entertainment & Learning Network Inc. (SE&L), a private Nevada holding company, which in turn has controlling interest in N2itive Technologies Inc., a Calgary-based company possessing proprietary technologies and a portfolio of current contracts for ongoing business. N2itive Technologies provides turnkey, online, real time broadband data services via networks of informational kiosks for a wide range of international governments, retail, medical, educational institutions and non-profit organizations.