latest news releases from the newsroom
CDMA Development Group
CDMA2000 Operators Focus on Converged Services to Drive Growth and Revenue
COSTA MESA, Calif., Sept. 15, 2005 (PRIMEZONE) -- At a press conference hosted by the CDMA Development Group (CDG) (www.cdg.org) during the 3G CDMA Americas Congress this week, leading operators from the Americas and Asia discussed their successes with CDMA2000(r) and strategies for next-generation services. Luis Avelar, Executive Vice President, VIVO; Gerry Flynn, Director, Advanced Technology Strategy/Standards, Verizon Wireless; Tadashi Onodera, President, KDDI; Barry West, Chief Technology Officer, Sprint Nextel and Greg Young, Chief Technology Officer, Tata Teleservices shared their experiences and the unique opportunities they see for CDMA2000 in Brazil, the U.S., Japan and India.
Dover Petroleum Corp.
Dover Petroleum Announces Completion of its Three Well Drilling Program
TORONTO, Sept. 15, 2005 (PRIMEZONE) -- Dover Petroleum Corp. (Pink Sheets:DVPC) today announced that the Company and it's exploration partners set production casing in the 3rd well of its successful three well drill program. Completion of these wells will commence next week and we anticipate all of the wells will be producing in approximately thirty days. Although it is premature to predict commerciality, or initial rates of production from these wells, we are pleased with the preliminary drilling results.
Green Energy Resources
Biomass Power Could Replace Two Nuke Plants, Meet Emissions Goals; Green Energy Resources Hits 3rd Quarter Profit Target
HUNTINGTON, N.Y., Sept. 15, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR), citing the New York Times (September 14), has learned biomass-generated power could be the solution to the nuclear debate in New England. Two nuclear power plants, one located in Vermont, the other in New Jersey, are approaching decomissioning in 2012. The central issue is how to replace existing low emissions nuclear plants with lower emissions generated electricity under the newly agreed upon nine (9) state compact to reduce greenhouse gases. The two power plants represent a potential market expansion of 20 million tons annually of biomass of carbon neutral emissions. Green Energy Resources is looking to capitalize on the market expansion and is currently engaged in talks with several New England utilities.
CRSI Group, Inc.
CRSI Group, Inc. Announces National and International Appointments of Directors
NEW YORK, Sept. 15, 2005 (PRIMEZONE) -- CRSI Group, Inc. (Pink Sheets:CRSX) announced today the appointment of five board members, three senior executives as independent directors and two members of CRSI Group, Inc. executive management. All five have many years of successful experience in executive healthcare management, government and corporate finance. The five directors are, Messrs. Frank Corvino, Gerald Malone, Theodore F. di Stefano, Ytzik Aranov and Michael Mills. Messrs. Corvino, Malone and di Stefano will be "Independent Directors," as defined in the Rules of the Securities and Exchange Commission.
Pacific Sunwear of California, Inc.
Pacific Sunwear Announces $200.0 Million Credit Facility
ANAHEIM, Calif., Sept. 15, 2005 (PRIMEZONE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today announced that it has entered into a new five-year $200.0 million credit facility with an expanded syndicate of banks. The new credit agreement increased the Company's revolving line of credit to $200.0 million, which can be increased further up to $275.0 million at the option of the Company under certain circumstances. The facility is available for direct borrowings and the issuance of letters of credit.
Ultitek Ltd. Signs Agreement with Major Russian Airport to Develop Departure Control System
ENGLEWOOD, N.J., Sept. 15, 2005 (PRIMEZONE) -- Ultitek Ltd. (Pink Sheets:UITK) is pleased to announce that their wholly owned subsidiary TAIS has entered into an agreement with one of the largest Russian airports, Krasnoyarsk Airport (KJA), to install a Departure Control System (DCS) "REGINA". TAIS will be receiving an undisclosed licensing fee as well as an undisclosed fee per transaction as part of the agreement. The "REGINA" DCS system will be delivered and installed within four months time.