latest news releases from the newsroom
go-today.com is Crazy About London!
BOTHELL, Wash., June 18, 2003 (PRIMEZONE) -- Go-today.com is going crazy about London, and how can we not with prices this low? Whether you are looking for a deal for the summer or in the near future, you are sure to find some incredible savings! These are our best prices -- some spur of the moment -- some you can save if you think ahead. Either way, if you don't save now, prices may go up! So hurry -- space is going fast and these prices are available for a limited time only!
ECON Investor Relations Inc.
Markland Technologies Announces Letter of Intent to Purchase Homeland Security Company, and Issues a Status Update
RIDGEFIELD, Conn., June 18, 2003 (PRIMEZONE) -- Markland Technologies, Inc., (OTCBB:MKLD), (www.marklandtech.com) announced today that it has signed a letter of intent to purchase a chemical detector manufacturer as part of its ongoing business strategy of creating an integrated portfolio of security solutions. The manufacturer is the sole producer of the U. S. Navy's Shipboard Automatic Chemical Agent Detection and Alarm System (ACADA). The Navy deploys the "man-portable" point detection system to detect all classic nerve and blister agents as well as other chemical warfare agent (CWA) vapors. The company to be acquired has product sales backlog of greater than $20M with FY2002 annual product sales in excess of $7M per year. In addition, the company expects to report a profit this year. Markland believes the manufacturer is well positioned to capture additional sales in the United States and foreign markets.
Petroleum Geo-Services ASA
PGS Announces Agreement for Proposed Financial Restructuring
OLSO, Norway, June 18, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS) (Pink Sheets:PGOGY) announced today that it has achieved agreement in principle on the terms for a proposed financial restructuring (the "Restructuring") with a majority of both its banks and bondholders and a substantial group of its largest shareholders. The parties to the agreement in principle have signed binding agreements to support the Restructuring on the proposed terms, subject to conclusion of definitive agreements and documentation and the satisfaction of certain specified conditions. A summary of this agreement follows: