latest news releases from the newsroom
Meg Athletic Corp.
Meg Athletic Corporation Announces the Endorsement Contract of Another International Soccer Star
RENO, Nev., Jan. 24, 2005 (PRIMEZONE) -- Meg Athletic Corporation (Pink Sheets:MEGJ) is pleased to announce the endorsement of international soccer superstar from the 2004 German Cup Championship and 2004 Bundesliga Championship Team, Mr. Paul Stalteri of Werder Bremen. Mr. Stalteri has been a mainstay in the spotlight since 1997 with SV Werder in Germany and has been recognized as one of the elite athletes playing soccer abroad. Mr. Stalteri has continued to perform at his star status and now has aligned himself with another growing and performing company in Meg.
PayStar Signs Direct Response Financial Services, Inc. and Optimum Pay to Nationwide Stored Value Bank Funds Loading Services Contract
LODI, Calif., Jan. 24, 2005 (PRIMEZONE) -- PayStar Corporation's (Pink Sheets:PYST) GLOBALCash division, a leading provider of bank prepaid ATM debit card load services, announced today the signing of an agreement between Direct Response Financial Services, Inc. (OTCBB:DRFL) and Optimum Pay USA, Inc., a leading provider of stored value and prepaid debit card products and services to Hispanics and other underserved consumers. PayStar's exclusive Strategic Alliance with Worldwide Financial Services, Inc. dba Express Payment Solutions ("EPS") will provide the proprietary bank load program which allows debit card customers of DRFS to load prepaid ATM debit cards at four leading banks with over 10,000 branches nationwide.
Cubic Energy, Inc.
Cubic Energy, Inc. Reached Total Depth and Set Casing on the Moseley 26 No. 1 Well
DALLAS, Jan. 24, 2005 (PRIMEZONE) -- Cubic Energy, Inc. (OTCBB:QBIK) announced today that it has reached total depth and set casing on the Moseley 26 No.1 well in De Soto Parish, Louisiana, which is part of its newly acquired North Louisiana Project. The Moseley 26 No. 1 reached total depth of 10,500 feet in the Cotton Valley Formation. The interpretation of the electric logs indicate the potential of 295ft. of net pay in the Cotton Valley, Lower Hosston, Upper Hosston, Pettet and Gloyd Formations. The Moseley well is an offset to the successful Kraemer 24 No. 1 well and the Moseley 25 No. 1 well. Cubic Energy, Inc.'s working interest in this project is 25%. It is anticipated that these wells should commence sales in February, with revenues being recognized by Cubic in its fiscal 3rd quarter.
Ballon Stoll Bader & Nadler, P.C.
Ballon Stoll Bader & Nadler, P.C., Announces a Class Action against TASER International, Inc. -- TASR
NEW YORK, Jan. 24, 2005 (PRIMEZONE) -- The law firm of Ballon Stoll Bader & Nadler, P.C. announces that a class action lawsuit was filed January 21, 2005, on behalf of all persons who purchased the common stock of TASER International, Inc. ("Taser" or the "Company") (Nasdaq:TASR) during the period of time from January 7, 2005, through and including January 14, 2005 (the "Class Period"), pursuing remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). A copy of the complaint filed in this action is available from the Court, or will be available to be viewed on Ballon Stoll's website at: http://www.ballonstoll.com.
Chino Commercial Bank
Chino Commercial Bank Reports 109% Increase in Pre-Tax Earnings
CHINO, Calif., Jan. 24, 2005 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations for the year ended December 31, 2004 with net income of $581,381, a 16.2% increase over net income for the same period last year. Pre-tax earnings for the year ended December 31, 2004 were $917,709, a 109.3% increase over the pre-tax earnings for the same period last year. Net income per share for the year ended December 31, 2004 was $0.71 per share as compared to $0.61 per share for the year ended December 31, 2003. Net income per fully diluted share was $0.66 and $0.59 for the years ended December 31, 2004 and 2003 respectively.
Mexico -- Yet Another Link in Identa's Chain of Success
JERUSALEM, Jan. 24, 2005 (PRIMEZONE) -- Identa Corp. (Pink Sheets:IDTA) is happy to announce that Auto Line S.A. de C.V. DagStar de Mexico, a Mexico company, will represent Identa in the Mexico police market. The contractual relationship with the Mexican company began about 7 months ago.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Silicon Storage Technology, Inc. -- SSTI
BALA CYNWYD, Penn., Jan. 24, 2005 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Silicon Storage Technology, Inc. ("Silicon Storage" or the "Company") (Nasdaq:SSTI), between March 30, 2004 and December 20, 2004 inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Northern District of California.