latest news releases from the newsroom
Orascom Construction Industries, S.A.E.
Orascom Construction Industries, S.A.E. Announces OCI Receives New Construction Contracts
CAIRO, Egypt Dec. 13, 2004 (PRIMEZONE) -- Orascom Construction Industries (Pink Sheets:ORSDF) (LSE:OCICq) announced that it was awarded a contract valued at LE 152 million by Eastern Company (EAST.CA) for the construction of its new main production facility. This is the second major contract awarded by Eastern Company as part of their relocation program to new production facilities at 6th October City industrial zone in Egypt. Earlier this year, OCI was awarded a LE 246 million contract for the construction of warehousing facilities at the same production site. The construction of the new production facility will require 170,000 cubic meters of concrete in addition to 20,000 tons of reinforcing steel. Construction work on the project is scheduled for completion in 18 months.
Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems Announces that the Merger of Nextel and Sprint Will Open Doors as Well as Launch a New Level of Service to Our Homeland and Our Nation's Ports
ASHEVILLE, N.C., Dec. 13, 2004 (PRIMEZONE) -- Officials at Homeland Integrated Security Systems, Inc. (Pink Sheets:HISC) reported today that Nextel Communications Inc., the supplier of their data pipeline, and Sprint Corp. has reached a tentative agreement to merge. According to industry analysts, this will create the third largest cellular communications company in the nation. When asked how the potential merger might affect Homeland Integrated Security Systems, Inc. and its port related business, Frank Moody, CEO, replied by saying that the combined companies will most likely benefit from economies of scale in purchasing. In addition, Moody feels that Nextel-Sprint will complement each other's strengths and weaknesses, and the joining of forces will make the new company that much stronger. As far as Homeland Integrated Security Systems, Inc. is concerned, Moody says, "(they) are looking forward to being able to take advantage of the potential that the possible merger will offer."
Victory Capital Holdings Corporation
Victory Capital Holdings Provides Further Audit Update
LOS ANGELES, Dec. 13, 2004 (PRIMEZONE) -- Victory Capital Holdings Corporation (OTCBB:VTYCE) announced today that as per the November 29, 2004 announcement, it is in the final stages of completing its 3rd Quarter 2004 audit. Company's management is confident that upon final legal review, the Company will be compliant and maintain its Bulletin Board listing.