latest news releases from the newsroom
Novartis Extends Tender Offer for Eon Labs, Inc. Through July 13, 2005
BASEL, Switzerland, July 5, 2005 (PRIMEZONE) -- Novartis announced today that Zodnas Acquisition Corp., an indirect wholly owned subsidiary of Novartis, is extending its cash tender offer to acquire all outstanding public shares of Eon Labs, Inc. (Nasdaq:ELABS) from the prior expiration date of 5:30 p.m. New York City time on July 1, 2005, to 5:30 p.m. New York City time on July 13, 2005, since the conditions required to complete the offer have not yet been met.
Michelex Corporation to Temporarily Move from Bulletin Board
MASSENA, N.Y., July 5, 2005 (PRIMEZONE) -- Michelex Corporation (Pink Sheets:MLXO) would like to announce that it has decided to temporarily remove itself from Bulletin Board, by not filing its annual filings due to financial constraints on the company. Michelex has a history of being late on its filings and intends to implement new controls and procedures to eliminate the problem. During this restructuring phase, the Company has plans to evaluate the business, attempt to raise additional operations capital, and hire new management.
World Golf League, Inc.
World Golf League Lines Up Celebrities for the Million Dollar Shootout
ORLANDO, Fla., July 5, 2005 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB: WGFL) announced today that it would contract with four celebrities to participate in the upcoming Million Dollar Shootout reality television series. The planned host of the series is John O'Hurley from Seinfeld fame and currently one of the finalists on ABC's Dancing with the Stars. Additionally, PGA Tour Star Fred Funk, Golf Channel's Big Break II Star Don Donatello and an LPGA Tour Star to be named later will be used as lifelines for the competing teams.
JetBlue Airways Corporation
JetBlue, DIRECTV and OLN Team up to Give Customers a Last Chance to Watch Lance in France
NEW YORK, July 5, 2005 (PRIMEZONE) -- JetBlue (Nasdaq:JBLU) customers will have the unique opportunity to tune in as six-time Tour de France winner Lance Armstrong attempts an historic seventh win and crosses the finish line for the last time. OLN(r) and JetBlue will offer continuous in-flight coverage on DIRECTV(r) of the three-week bicycle race, widely regarded as the world's most grueling endurance race. The 2,126-mile race began on July 2nd, and is followed by 20 punishing stages. The Tour concludes in Paris on July 24th.
GPS Industries, Inc
Timber Ridge Golf Club Selects GPS Industries Inforemer and Wireless Network -- WI-FI
SARASOTA, Fla., July 5, 2005 (PRIMEZONE) -- GPS Industries, Inc. (GPSI) (OTCBB:GPSN); (Frankfurt WKN#:252179), a leading innovator of Wi-Fi wireless and GPS-enabled multimedia communications and management solutions for golf facilities and residential communities, announces that Timber Ridge Golf Course, will install the Inforemer Wi-Fi GPS Golf Business Solution at its Country Club, located in East Lansing, Michigan.
DnB NOR in Major Agreement with Telenor
OSLO, Norway, July 5, 2005 (PRIMEZONE) -- DnB Nor has entered into a four-year agreement with Telenor for supplies of fixed-line and mobile telephony, including a brand new telephony solution called "One Phone Concept". Throughout the contract period the agreement has a total value of NOK 500 million. The new voice service, "One Phone Concept," is a comprehensive solution. DnB NOR, in partnership with Telenor, has identified its preferred combination of traditional telephony, IP telephony and mobile telephony (Proffnett Total). Also included in the solution is the product FakturaKontroll (Invoice Control), which ensures DnB NOR full cost control, but which also allows employees to use their mobiles after working hours, providing them with access to a number of private services without charging employers for traffic.