latest news releases from the newsroom
Southwestern Medical Solutions
Southwestern Medical Solutions to Acquire Significant Interest in Glacier Medical, LLC
TAMPA, Fla., Nov. 22, 2004 (PRIMEZONE) -- Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) is pleased to report that it has entered into an agreement whereby it has been granted the right to earn up to a 35% interest in Glacier Medical LLC, and certain exclusive marketing rights concerning that Company's Protect-A-Pal needle safety device and related technology. SWNM will earn its interest in stages, by funding development, testing, evaluation, patenting, FDA application and approval of Protect-A-Pal, as well as initial manufacturing costs and general corporate overhead as defined in the agreement.
Brandmakers Announces Change of Control and New Management
MIAMI, Nov. 22, 2004 (PRIMEZONE) -- Brandmakers, Inc. (Pink Sheets:BMKS) announced that new officers and directors of the company have been appointed to undertake a workout with creditors and seek new opportunities for the company. The new management team has purchased approximately 70 million shares from the prior management and has been issued 22 million shares by the company for its services. As a result, the new management owns approximately 92 million shares out of a total of approximately 152 million outstanding.
NewsUSA Files Suit Against Internet-Based Financial News Service with Similar Name
FALLS CHURCH, Va., Nov. 22, 2004 (PRIMEZONE) -- NewsUSA filed a complaint against Financial NewsUSA, Inc. (Pink Sheets:FNWU) in Fairfax Circuit Court in Virginia, alleging misappropriation of the NewsUSA trademarked name. NewsUSA seeks an order compelling Financial NewsUSA to change its name, as well as $200,000 in damages. "NewsUSA has filed a lawsuit to protect its name and itself," stated its CEO, Rick Smith. Financial NewsUSA is now seeking equity capital and is listed on the over-the-counter markets, according to its website. "If Financial NewsUSA continues to try to have a national business, the risk of liability, and risk of confusion with NewsUSA, grows," stated NewsUSA's attorney, George Doumar. Internet-based websites like Financial NewsUSA have a worldwide reach, heightening their risk of legal exposure, as well as confusion with longstanding businesses.
Marsh Supermarkets Inc.
Marsh Supermarkets Reports Earnings of $0.16 Per Diluted Share For Second-Quarter Fiscal 2005
INDIANAPOLIS, Nov. 22, 2004 (PRIMEZONE) -- Marsh Supermarkets, Inc. (Nasdaq:MARSA) (Nasdaq:MARSB) today reported its financial results for the second quarter ended October 9, 2004. Total revenues for the quarter increased to $524,892,000 from $510,769,000 for the second quarter of fiscal 2004. Net income increased to $1,304,000 for the latest quarter from $683,000 for the second quarter of fiscal 2004. Earnings per diluted share for the second quarter of fiscal 2005 were $0.16, up from $0.09 for the second quarter of the last fiscal year.
Advanced Technology Industries, Inc.
Advanced Technology Industries, Inc. and LTDnetwork, Inc. Announce Merger Closing Date
NEW YORK, Nov. 22, 2004 (PRIMEZONE) -- Advanced Technology Industries, Inc. (OTCBB:AVDI) ("ATI") and LTDnetwork, Inc. ("LTD") announced today that the previously disclosed merger to combine the two companies is set to close during the week of November 29, 2004. Upon closing, ATI will relocate its headquarters from Berlin, Germany to New York City.
eWAN 1, Inc.
eWan 1, Inc. Receives $250,000 Funding Commitment From Chicago-Based Nutmeg Group
SANTA ANA, Calif., Nov. 22, 2004 (PRIMEZONE) -- eWan 1, Inc. (Pink Sheets:EWAN) today announced a $250,000 funding commitment from Chicago-based Nutmeg Group, L.L.C., enabling the Company to begin manufacture of its revolutionary Advance Digital Media Center. The Triple Play Digital Media Center Set Top Device, a new generation of media system, combines the functions of set top box, personal computer, home audio, media storage, DVD player, residential gateway, personal video recorder and telephone in a single, easy to use, platform. The Triple play allows for voice, video and data.