latest news releases from the newsroom
Innova Holdings, Inc.
RWT, Subsidiary of Innova Holdings, Inc., Signs Agreement with Classic Design, Inc.
FORT MYERS, Fla., Oct. 25, 2004 (PRIMEZONE) -- RWT (Robotic Workspace Technologies, Inc.), a subsidiary of Innova Holdings, Inc. (OTCBB:IVHG), announced today that it has renewed its agreement with The Classic Companies (Troy, MI), effectively extending and expanding the terms of the strategic alliance RWT and Classic entered into in 1999.
Astris Energi Inc.
Astris Energi Shareholders Approve Affiliate Purchase
MISSISSAUGA, Ontario, Oct. 25, 2004 (PRIMEZONE) -- Astris Energi Inc. (OTCBB:ASRNF), the world's leading alkaline fuel cell (AFC) technology company, today held its Annual and Special Meeting at which its shareholders approved the memorandum of understanding for the acquisition of the outstanding shares in Astris s.r.o, its affiliate company in the Czech Republic. With this purchase, Astris Energi will own 100% of Astris s.r.o.
Emulex Debuts 4Gb/s Family Fibre Channel I/O Controllers and HBAs
STORAGE NETWORKING WORLD, Orlando, Fla., Oct. 25, 2004 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the world leader in Fibre Channel host bus adapters (HBAs) and embedded storage switches, today announced its new family of 4Gb/s I/O Controllers (IOCs) and HBAs. The new Emulex 4Gb/s solutions offer industry-leading features and functionality, while maintaining backward compatibility with existing 1Gb/s and 2Gb/s Fibre Channel storage area networks (SANs). The 4Gb/s suite of Emulex products are designed to meet the needs of a broad range of environments ranging from blade servers and other embedded applications to high performance connectivity solutions for enterprise and midrange storage solutions.
Nomadix Ranked Number 78 Fastest Growing Technology Company in North America on the 2004 Deloitte Technology Fast 500
WESTLAKE VILLAGE, Calif., Oct. 25, 2004 (PRIMEZONE) -- Nomadix, Inc. (www.nomadix.com), the leading provider of intelligent network devices and interconnect services for organizations that own or operate public-access networks, today announced that it ranked Number 78 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1999-2003. Nomadix grew 3054 percent during this period.
Chino Commercial Bank
Chino Commercial Bank Posts 72.1% Increase in Pre-tax Earnings
CHINO, Calif., Oct. 25, 2004 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations for the nine months ended September 30, 2004 with net income of $411,196 a 9.8% increase over net income for the same period last year. Pre-tax earnings for the nine months ended September 30, 2004 were $644,775 a 72.1% increase over the pre-tax earnings for the same period last year. Dann H. Bowman, President and Chief Executive Officer stated, "We are very pleased with the continued growth and profitability of the Bank during the first three quarters of this year, which have surpassed last year's results. Effective January 1, 2004, the Bank became fully taxable with a net effective tax rate of 36.2%, even with this expense, the Bank is pleased to report an increase of 19.2% and 9.8% in net income after tax for the three and nine months ended September 30, 2004 as compared to the same periods for last year."