latest news releases from the newsroom
Trelleborg: CFO Bo Jacobsson Appointed First Executive Vice President
STOCKHOLM, Sweden, Aug. 25, 2005 (PRIMEZONE) -- A unanimous Board today appointed Chief Financial Officer Bo Jacobsson First Executive Vice President of the Trelleborg Group. The new appointment will become effective on October 1, 2005 in conjunction with Peter Nilsson assuming the position of new President and Chief Executive Officer of the Trelleborg Group.
Federal Home Loan Bank of Cincinnati
FHLBank Cincinnati to Withdraw Registration Pending Resolution of Accounting Issues
CINCINNATI, Aug. 25, 2005 (PRIMEZONE) -- The Federal Home Loan Bank of Cincinnati (FHLBank Cincinnati) continues to work diligently toward registering its capital stock with the Securities and Exchange Commission and remains committed to effective registration as soon as practicable. Because there are ongoing discussions with the SEC regarding certain accounting practices related to SFAS 133 (Accounting for Derivative Instruments and Hedging Activities), the FHLBank Cincinnati's board of directors decided to ask the SEC to withdraw the FHLBank's application to register its capital stock, pending resolution of these accounting issues.
StockGuru.com Announces the Initiation of Profile Coverage for New Century Companies
DALLAS, Aug. 25, 2005 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today the web site has initiated Profile Coverage for New Century Companies, Inc. (OTCBB:NCNC). New Century, under its brand name Century Turn, specializes in manufacturing, remanufacturing and retrofitting machine tools, primarily vertical boring mills and large lathes. By offering remanufactured vertical boring mills, the company saves or conserves millions of dollars per year in energy costs by reutilizing the major castings of each mill. These savings, generally in the 40 percent to 60 percent range, allow New Century to be the most price-competitive manufacturer of vertical boring mills in the U.S. These cost savings are passed on to New Century customers and afford them the opportunity to manufacture rotating turbine components for power generation at lower cost. New Century machines are also used by manufacturers of jet engine components, airplane landing gear parts, and oil and gas components, to name a few. New Century currently manufactures its machines in state-of-the-art facilities in Santa Fe Springs, Calif. New Century maintains a Web site at http://www.newcenturyinc.com .
View Systems Inc.
View Systems Announces Alliance With New York Manufacturing Firm for the SecureScan II
BALTIMORE, Aug. 25, 2005 (PRIMEZONE) -- View Systems, Inc. (OTCBB:VYST), a leading-edge homeland defense solutions provider, announced today that it has contracted Sportsfield Specialties Inc. (SSI) to manufacture and assemble the SecureScan II Concealed Weapons Detection System. SSI, a privately held manufacturer located in Delhi, N.Y., is the innovative, national leader in the sales and manufacture of sports construction equipment. SSI is a customer- and quality-focused company capable of providing cost-effective solutions for the manufacture of electro/mechanical assemblies.
Cord Blood America
Cord Blood America Adds Third Stem Cell Practice, Enters Into Agreement With Bio-Matrix Scientific Group to Store Adipose Stem Cells
LOS ANGELES, Aug. 25, 2005 (PRIMEZONE) -- Cord Blood America, Inc. (OTCBB:CBAI), an umbilical cord blood stem cell preservation company, is pleased to announce a further significant advance in the development of its adult stem cell practice by entering into an agreement with Bio-Matrix Scientific Group Inc. for the purpose of marketing Bio-Matrix services throughout the United States. On August 24, 2005, Cord Blood America announced its agreement with NeoStem, to market storage services for adult peripheral stem cells. Today's announcement adds a third stem cell product of cryogenic preservation for Cord Blood America's current and future customers. Bio-Matrix is discovering, developing and cryogenically storing cell-based therapeutics utilizing adult stem cells derived from adipose, also known as fat tissue.
Rabobank Consortium Acquires Interest in Tanzanian Bank
UTRECHT, Netherlands, Aug. 25, 2005 (PRIMEZONE) -- The Tanzanian government announced that it has selected a consortium, led by Rabobank, as the winner in a tender for the purchase of the National Microfinance Bank (NMB). The purchase means that Rabobank, together with its partners, will acquire 49% of the shares in NMB. The agreement also stipulates that, following the share transfer, Rabobank will provide management and technical assistance for the further development of NMB, one of the largest banking institutions in Tanzania. In addition, Rabobank will provide the bank's management team for the coming years. Currently, NMB predominantly provides infrastructure for payments and offers savings products. The bank has recently begun offering credit products mainly in form of micro-loans. On September 30th, the official signing with Rabobank will take place in Tanzania.