latest news releases from the newsroom
International Wireless Inc. Acquires Precision Metal Industries Inc.
SPRINGBORO, Ohio, Dec. 11, 2003 (PRIMEZONE) -- International Wireless Inc., a publicly traded company (Pink Sheets:IWLJ), entered into an acquisition agreement with Precision Metal Industries Inc. on Thursday December 11, 2003. The agreement calls for cash and shares of common stock in International Wireless Inc. to be exchanged for all of the existing shares in Precision Metal Industries, Inc. International Wireless is in the process of raising the capital through a private placement offering.
ImageMax Announces Working Capital Financing and Extension of Forbearance and Senior and Subordinated Lender Maturities
FORT WASHINGTON, Pa., Dec. 11, 2003 (PRIMEZONE) -- ImageMax, Inc. (OTCBB:IMAG) today announced it had completed a transaction with its subordinated debt holders, TDH III, L.P., LVIR Investors Group, LP and Robert E. Drury (the "Investors") to provide the Company with $500,000 in working capital financing and an extension of the subordinated debt maturity from February 15, 2004 to April 30, 2004. In addition, the Investors provided $100,000 of credit enhancement to support expanded senior borrowing availability. This additional financing bears interest at a rate of 9%, is secured by a junior lien on the Company's assets and matures on April 30, 2004.
QLogic Executive to Present at Lehman Brothers Global Storage Conference
ALISO VIEJO, Calif., December 11, 2003 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that HK Desai, president, chairman and CEO, will be presenting at the Lehman Brothers Global Storage Conference held at the Sheraton New York Hotel and Towers on Monday, December 15. The presentation, expected to begin at 10:15 a.m. Eastern Time, will also be available through live and archived webcast via the QLogic website at http://www.qlogic.com/company/investor_relations.asp.
Entertainment Games, Inc.
eGames Inks TV Guide Licensing Deal
LANGHORNE, Pa., Dec. 11, 2003 (PRIMEZONE) -- eGames, Inc. (OTCBB:EGAM), a Langhorne, PA-based publisher of Family Friendly(tm) PC software games, announced a multi-year agreement with TV Guide(r) Publishing Group, Inc., the worldwide leader in television entertainment news and information for more than 50 years. Under the terms of the agreement TV Guide will license TV Guide magazine crossword puzzles, as well as TV Guide-branded entertainment trivia, for licensed PC-compatible personal computer disc games.
Minera Andes, Inc.
Minera Andes Finalizes Various Agreements With N. A. Degerstrom, Inc.
SPOKANE, Wash., Dec. 11, 2003 (PRIMEZONE) -- Minera Andes Inc. (TSX Venture Exchange:MAI) (OTCBB:MNEAF) (the "Corporation") is pleased to announce the conclusion of an agreement with N.A. Degerstrom, Inc. (Degerstrom), subject to the approval of the TSX Venture Exchange ("TSX-V"), for the termination of the existing Operating Agreement and Production Bonus Agreement, as well as the acquisition of the royalty held by Degerstrom over all of the existing properties held by the Corporation.
Klippan and Pappers Have Been Reconciled
STOCKHOLM, Sweden, Dec. 11, 2003 (PRIMEZONE) -- Klippan is a leading producer of speciality graphic papers and operates three paper mills with a combined capacity of 200,000 tons per annum. The mills are located in Klippan, Lessebo and Molndal, all in the south of Sweden.