latest news releases from the newsroom
Power2Ship Using Offering Proceeds to Penetrate Freight Transportation Market and Pursue Homeland Security Opportunities
BOCA RATON, Fla., May 27, 2004 (PRIMEZONE) -- Power2Ship, Inc. (OTCBB:PWRI), an Application Service Provider for the freight transportation industry, recently raised $1.75 million through a private placement of convertible debentures. These securities were placed by Newbridge Securities Corporation, a full-service, investment banking firm headquartered in Florida with offices throughout the United States. The proceeds from this offering are being used to increase the marketing of Power2Ship's logistics solution as well as to pursue additional logistics applications.
BNP Paribas Hires Head of MBS Proprietary Trading
NEW YORK, May 27, 2004 (PRIMEZONE) -- BNP Paribas (Pink Sheets:BNPQY) announced today the appointment of Angus Duncan to its Interest Rates Group as Director, Head of MBS Proprietary Trading. Mr. Duncan will report to Zbigniew Ryzak, Head of the Interest Rates Group in New York, and will be responsible for overseeing the firm's efforts to build a comprehensive mortgage risk management and pricing platform.
GK Intelligent Systems, Inc
GK Intelligent Systems, Inc. Releases Analyst Report
HOUSTON, May 27, 2004 (PRIMEZONE) -- GK Intelligent Systems, Inc. (OTCBB:GKIG) today released the results of a report on their company, recently initiated by GK Intelligent Systems, and prepared by analyst Howard N. Stillman on May 26, 2004 with a speculative buy rating. The complete, unedited text of that report is as follows.
HydroFlo Outlines Strategic Relationship with UTEK Corporation to Identify Water Security Technology
RALEIGH, N.C., May 27, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today outlined the Company's expectations for its strategic relationship with UTEK Corporation (AMEX:UTK) and its goal to yield technology that will help secure the nations water supply. Funding grants provided by the Department of Homeland Security are designed to assist in the development of water security technology, and HydroFlo believes that its relationship with UTEK has the potential to help to protect water supplies in the United States and around the world.
CinTel Corp., Supplies Its iCache to KOSEP Co., Ltd
SEOUL, South Korea, May 27, 2004 (PRIMEZONE) -- Internet Traffic Management (ITM) solution provider, CinTel Corp. (OTCBB:CNCN) (www.cintelcorp.net) announced on May 27, 2004, that it has provided Korea South-East Power Co., Ltd. (KOSEP) with its cache server (iCache 3030) for use at KOSEP's thermal power plants in Yonghung and Yondong.