latest news releases from the newsroom
World Golf League, Inc.
The World Golf League Completes Pilot Tape
ORLANDO, Fla., June 2, 2004 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it has completed the pilot for its upcoming Reality Television Series. The pilot will be presented to several networks and potential sponsors in the upcoming weeks. The WGL expects to begin production this summer at a west coast location.
CAPCO Energy, Inc.
Capco Completes Private Funding for $1.0 million
SANTA ANA, Calif., June 2, 2004 (PRIMEZONE) -- Capco Energy, Inc. (OTCBB:CGYN) announced today that it has completed a private placement of $1,050,000. The proceeds will be utilized primarily in Capco's continuing efforts to convert currently shut in wells to producers in the Gulf Coast Shelf Region, where the Company is the majority owner and operator of some 50 wells. The Company has already converted 4 wells to production since January 1, 2004, with 13 additional wells scheduled to be placed on line during the remainder of this year. The average initial production per well is about 800 mcfd and the average capital cost to place such wells on production is about $60,000/well, excluding work over costs, if needed.
VoIP MDU.COM Fine Tunes Its Softphone Program For Launch This Month
VANCOUVER, British Columbia, June 2, 2004 (PRIMEZONE) -- VoIP MDU.COM (Pink Sheets:VPMD) today announced that it will launch its VoIP Softphone Program to over 250,000 active members from a major North American company's database later this month. The original launch date was scheduled for today, June 1st, 2004 (See Press Release dated May 18th, 2004, "VoIP MDU.COM To Launch VoIP Softphone Program . . . .") but the Company's recent announcement (See Press Release dated May 28th, 2004, "VoIP MDU.COM Enters into Joint Venture . . . .") involving its partner, INSINC (www.insinc.com) necessitated several refinements in the revenue model and an expanded network to accommodate the influx of new business.
Hannover Re Rated Best Reinsurer in North America
HANNOVER, Germany, June 2, 2004 (PRIMEZONE) -- In a survey conducted by the well-known US-based Flaspohler Research Group, Hannover Re emerged as the best overall reinsurer on the North American reinsurance market. 295 brokers participated in the survey, rating 29 reinsurers operating on the US market. Bearing in mind that North American reinsurance business is predominantly (68%) handled through brokers, the findings take on special significance.