latest news releases from the newsroom
Emerson Radio Corp.
Emerson Radio Corp.'s Chairman, Geoffrey P. Jurick, Agrees to Sell Shares to the Grande Group
PARSIPPANY, N.J., Aug. 22, 2005 (PRIMEZONE) -- Emerson Radio Corp. (AMEX:MSN) announced today that its chairman and chief executive officer, Geoffrey P. Jurick, has entered into an agreement to sell 10,000,000 of his Emerson shares to a subsidiary of The Grande Holdings Limited, a Hong Kong-based group of companies engaged in a number of businesses including the manufacture, sale, and distribution of audio, video and other consumer electronics and digital products. The purchase price is $5.20 per share payable in a combination of cash and a convertible debenture of Grande. The shares to be sold represent approximately 37 percent of Emerson's outstanding shares.
Sempra Energy Unit to Sell Michigan, Louisiana Natural Gas Storage Assets
SAN DIEGO, Aug. 22, 2005 (PRIMEZONE) -- Sempra Energy (NYSE:SRE) today announced a definitive agreement to sell an indirect subsidiary whose principle assets are two natural gas storage facilities, Bluewater Gas Storage and Pine Prairie Energy Center, for approximately $250 million to Plains All American Pipeline, L.P. (NYSE:PAA) and Vulcan Capital.
New Century Companies, Inc.
New Century Expected to Continue Expansion Based on Recently Published Investor Profile
LOS ANGELES, Aug. 22, 2005 (PRIMEZONE) -- New Century Companies, Inc. (OTCBB:NCNC), a leading manufacturer and re-manufacturer of vertical boring mills and large lathes, today announced that the following "Investor Profile" will be distributed to the Company's existing and potential new investors beginning today. The Profile describes the ongoing expansion in the machine-tool industry and New Century's prospects for substantial growth in that business environment.
CDMA Development Group
CDMA2000 Base Surpasses 185 Million Users in Q2 2005
COSTA MESA, Calif., Aug. 22, 2005 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) reported today that the number of CDMA2000(r) (3G) subscribers grew by 17 million in Q2 2005 to reach 185.6 million worldwide. In the first six months of 2005, CDMA2000 added more than 39 million new users and 73 million since June 2004. In addition, the CDG announced that CDMA is growing at a rate of 27% annually and garnered 13.6 million new users in the last quarter and close to 58 million in the past year, bringing the worldwide CDMA subscriber base to more than 270 million people. Close to 68% of all CDMA users now access CDMA2000 3G services.