latest news releases from the newsroom
Magnatag Visible Systems
Magnatag Hires Retired Army Major General Robert Mixon to Oversee Growth Strategy
MACEDON, N.Y., Oct. 2, 2007 (PRIME NEWSWIRE) -- Magnatag(r) Visible Systems, a leading manufacturer and direct provider of industrial-quality magnetic printed whiteboards and related products, has named retired Army Maj. Gen. Robert Mixon as President to oversee day-to-day operations and help spearhead the company's overall growth strategy. Mixon will also serve as president of Magnatag's parent company, W.A. Krapf, Inc.
Genesis Pharmaceuticals Enterprises, Inc.
Genesis Technology Group Merges With Chinese Pharmaceutical: 'Crowning Achievement' Says Management
BOCA RATON, Fla., Oct. 2, 2007 (PRIME NEWSWIRE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) has entered into a reverse merger with a company that owns and controls Laiyang Jiangbo Pharmaceuticals Co., Ltd. ("LJPC"), a Chinese pharmaceutical company. For its fiscal year ended June 30, 2007, the Company reported total revenue of $76,000,000; net income of $22,000,000; total assets of $55,000,000; and cash on hand of $17,000,000.
Hybrid Coating Technologies Inc.
EPOD Secures 650 Kilowatt Solar Farm Installation
RENO, Nev., Oct. 2, 2007 (PRIME NEWSWIRE) -- EPOD International Inc. (the "Company," "EPOD") (Pink Sheets:EPOI) (Frankfurt:EDU), a Grid-Integrated, eco-power utility and electric power systems provider, has secured the purchase of a property in Bornkessel, Germany which it has determined is amenable to installation of a 650 kilowatt solar farm. EPOD intends to immediately develop and install the solar power facility on the property, with completion of installation scheduled for the end of January, 2008. Under German law, all power production will be sold to the German government under a 20 year fixed power purchase tariff that is currently paying at a rate of approximately $0.65 per kilowatt hour of solar electricity produced. Assuming full production over that 20 year term at the existing tariff rate, EPOD estimates that the facility would generate aggregate revenue of approximately $10 million. EPOD plans to continue to secure additional installation sites as part of its overall recurring revenue model.
Dow Jones Indexes
Dow Jones Indexes Reinforces Commitment to Trustee Education With Formation of Pension Plan Best Practices Panel
NEW YORK, Oct. 2, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the formation of an industry-wide pension fund management best practices panel to educate plan trustees regarding index benchmarking solutions. The goal is to properly elevate the understanding and measurement of portfolio risk and return incumbent to every pension fund fiduciary. Called "Sweat the Details," the panel includes experts in all areas of the pension fund arena chosen to appeal to a local constituency.
Mizati Luxury Alloy Wheels, Inc.
Mizati Signs Up Latino 96.3 FM to Launch Radio Campaign
LOS ANGELES, Oct. 2, 2007 (PRIME NEWSWIRE) -- Mizati Luxury Alloy Wheels, Inc. (Pink Sheets:MZTI), a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans, and light trucks, announced today that after careful consideration of various Southern California radio stations, Latino 96.3 FM, one of the largest Hispanic radio broadcasting stations, was selected as its first radio campaign partner to increase Mizati's target market awareness.