latest news releases from the newsroom
Seadrill Secures Contract for West Epsilon
HAMILTON, Bermuda, June 16, 2006 (PRIMEZONE) -- Statoil has awarded Seadrill a drilling contract for the ultra large jack-up rig West Epsilon in Norway. The contract duration will either be two years firm with an option for another two years or three years firm with an option for an additional year. Statoil has a 30-day period to decide on the length of the firm contract. The estimated contract value of the firm period is either USD 241 million or USD 334 million, respectively. Commencement is in direct continuation of the existing contract.
Graphco Holdings Corp.
Graphco Holdings Corp. Announces Execution of New Agreement With NGM TEC, Inc. d/b/a VoiceVerified
NEW HOPE, Pa., June 15, 2006 (PRIMEZONE) -- Graphco Holdings Corp., a Delaware corporation (Pink Sheets:GHCP), and NGM TEC, Inc. d/b/a VoiceVerified(tm), a New Jersey corporation (VoiceVerified), jointly announced today that the companies have entered into an agreement pursuant to which the agreement to merge previously announced on June 19, 2005 was terminated, in consideration for which Graphco received 2,068,000 shares of the common stock of VoiceVerified, with certain additional contingent shares that may be issued in the future, as well as $105,000, almost all of which is specifically earmarked to update its audits and filings. Immediately prior to this transaction, VoiceVerified had issued and outstanding 16,255,230 shares of common stock. In addition, Graphco has granted to VoiceVerified an exclusive worldwide license of Graphco's VoicePass(tm), a text independent voice identification and verification engine and technology, excepting most uses for access control, which rights will remain with Graphco. The VoicePass(tm) license agreement also provides for cross-licensing of non-access control uses from VoiceVerified to Graphco and cross-licensing of access control uses from Graphco to VoiceVerified.
Global Beverage, Inc.
Rudy Beverage, Inc. Signs Distribution Agreement with Insane Distribution, Inc.
TULSA, Okla., June 15, 2006 (PRIMEZONE) -- Global Beverage Solutions, Inc. (OTCBB:GBVS) has announced through its portfolio company, Rudy Beverage, Inc. (RBI) -- the company co-founded by University of Notre Dame football legend Daniel "Rudy" Ruettiger -- that it has signed an agreement with Insane Distribution, Inc., an e-tailer, which will be offering its two new, healthy beverage lines for purchase. Consumers are now able to buy RUDY! RUDY! Flying Colors(tm) and Rudy Revolution(tm) by the case at www.buyrudydrinks.com.