latest news releases from the newsroom
Atlantis Business Development Corporation, Inc.
Atlantis Business Development Corporation forms 727 Communications for Their VOIP Operations
MIAMI, March 7, 2005 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ATBD) announced today the formation of 727 Communications Inc., a Nevada corporation. 727 Communications was formed to conduct business and produce revenue from the sale of voice over internet protocol (VOIP) minutes. The pro forma for 727 Communications states in the first year the projected gross sales are three million two hundred twenty thousand eight hundred dollars ($3,220,800) and the projected gross profit is one million one hundred thirty eight thousand seven hundred and sixty five dollars ($1,138,765).
Stanton & Friends Concert at Marygrove College March 18
DETROIT, March 7, 2005 (PRIMEZONE) -- Associate Professor Geoffrey Stanton bands together with friends and colleagues to present a memorable evening of eclectic music on Friday, March 18, 2005, at 7:30 p.m. in Marygrove College's Sacred Heart Chapel. An annual event, the program features electronics and projections and the historic chapel pipe organ performing works by Stanton, Holst, Larsen and others.
Digital Descriptor Systems Inc.
DDSI Acquisition Expands Products and Clients, Expects Substantial Revenue Growth Due to Market Demands
SEA GIRT, N.J., March 7, 2005 (PRIMEZONE) -- On March 1, 2005, Digital Descriptor Systems, Inc. (Pink Sheets:DDSI) (the "Company") and its wholly owned subsidiary, CGM Applied Security Technologies, Inc., acquired substantially all of the assets of CGM Security Solutions, Inc., a Florida corporation ("CGM"), for $1,500,000 in cash and a 2.86% promissory note in the amount of $3,500,000, subject to adjustment.
Pomerantz Firm Announces that OfficeMax Inc. Investors Have Until March 14, 2005 to File for Lead Plaintiff -- OMX
NEW YORK, March 7, 2005 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) reminds investors that the Lead Plaintiff deadline in the class action lawsuit against OfficeMax, Inc. (NYSE:OMX) is March 14, 2005. The Pomerantz Firm filed a class action lawsuit on February 18, 2005 in the United States District Court for the Northern District of Illinois Eastern Division, against OfficeMax Inc. ("OfficeMax" or the "Company") and certain of its executive officers and directors, for violations of the Securities Exchange Act of 1934. The class period in the case is January 22, 2004 to January 11, 2005.
Ecogate Master System Recognized for Energy Cost Reduction
GLENDALE, Calif., March 7, 2005 (PRIMEZONE) -- Ecogate, Inc. (Pink Sheets:ECGT), a manufacturer and supplier of patented, energy efficient and eco-friendly integrated industrial ventilation systems, announced that the Company's Ecogate System has been cited for its outstanding performance in an independent audit about energy savings conducted at Kolbe & Kolbe Millwork Co., Inc. in Wasau, WI. The report was conducted in 2004 by Focus on Energy (www.focusonenergy.com), a public-private partnership offering energy information and services to energy utility customers throughout the State of Wisconsin.
Global Marine Ltd.
Global Marine Ltd. Declares a Stock Dividend
CHARLESTON, S.C., March 7, 2005 (PRIMEZONE) -- Global Marine Ltd. (Pink Sheets:GLBM) announced today that the Board of Directors of the Company voted on March 4, 2005 to declare a dividend on the common stock of the Company. The Board elected to issue five shares of common stock for each one share of common stock held and set the record date of the dividend as March 15, 2005. Therefore, for all holders of record on the close of business on March 15, 2005, an additional five shares of common stock shall be issued for each one share of common stock held.
Diamant Art Corp.
Diamant Art Corporation Signs Letter of Intent for U.S. Military Distribution
TORONTO, March 7, 2005 (PRIMEZONE) -- Diamant Art Corporation (OTCBB:DIAAF) is pleased to announce that it has, through its wholly owned subsidiary Diamant Film Inc., signed a Letter of Intent for an exclusive distribution agreement with Presidential Holdings, Inc. based out of Coral Springs, Florida. The Letter of Intent is for the exclusive distribution rights of Diamant(tm) film to the United States military market throughout the U.S. and wherever their bases and facilities might be worldwide.