latest news releases from the newsroom
Transmeridian Exploration, Inc.
Transmeridian Exploration Retains Financial Advisor for Strategic Review
HOUSTON, April 16, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that it has retained Jefferies Randall & Dewey, a division of Jefferies & Company, Inc., as its financial advisor in connection with the company's previously announced review of strategic alternatives for its South Alibek field in Western Kazakhstan. The company has received a number of unsolicited preliminary expressions of interest from parties regarding a range of potential strategic transactions. The strategic alternatives being reviewed by Transmeridian Exploration include the sale of a partial or complete interest in the South Alibek field or a sale of the company in its entirety.
CanAm Uranium Corp.
CanAm Uranium Corp. Completes Transfer of Wheeler-Beckett Claims in Athabasca Basin
LAS VEGAS, April 16, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTCBB:CAUI) is pleased to announce that it has received notification from Saskatchewan Industry & Resources of the completion of title transfer for the Wheeler Beckett Claims located in the Saskatchewan Athabasca Basin. On November 29th 2006, CanAm acquired a 100% interest in the Wheeler Beckett Claims through an option agreement with Northwind Resources. Under the terms of the agreement, CanAm is required to pay C$250,000 and issue 1,000,000 common shares to Northwind on or before November 29th 2007. Northwind was also granted a 2.5% NSR, of which 2% can be purchased for C$1,000,000.
Berliner Communications, Inc.
Berliner Acquires U.S. Operations of Radian Communication Services, Inc.
ELMWOOD PARK, N.J., April 16, 2007 (PRIME NEWSWIRE) -- Berliner Communications, Inc. (OTCBB:BERL), ("Berliner") today announced the acquisition of the U.S. wireless infrastructure construction and installation business of Radian Communication Services, Inc. ("Radian"). Berliner, through its wholly owned operating subsidiary, BCI Communications, Inc. ("BCI"), acquired Radian's operations in six western states, including key locations in Los Angeles, Seattle and Las Vegas. Radian, a Canadian based company, will continue its operations in Canada and its Rohn Tower division in the U.S.
Virgin America Not Planning Trans-Atlantic Flights
BURLINGAME, Calif., April 16, 2007 (PRIME NEWSWIRE) -- Virgin America today corrected erroneous news reports that indicated the U.S. start-up airline is planning trans-Atlantic service. Still pending final government approval, Virgin America plans to launch U.S. domestic service this summer.
Financial Executives Peter Borish and John H. Eley Join Quadriserv, Inc. Board of Directors
NEW YORK, April 16, 2007 (PRIME NEWSWIRE) -- Quadriserv, Inc., a pioneering provider of price transparency and efficiency to the securities lending industry, announced today that Peter Borish and John H. Eley, two veteran financial services executives, have been added to the Company's Board of Directors. The Company also announced that George Kledaras, who serves as CEO of Kledaras Technologies, will depart the Board while continuing as an advisor to the Company. This move enables George to devote additional time to his involvement in other ventures, specifically FixML Flyer and Cecil Rep.
Nord Resources Corporation
Nord Resources Corporation Announces Nedbank Term Sheet
TUCSON, Ariz., April 16, 2007 (PRIME NEWSWIRE) -- Mr. Ronald Hirsch, Chairman of the Board of Directors of Nord Resources Corporation ("Nord") (Pink Sheets:NRDS) announced today that Nord has received credit approval from Nedbank Limited ("Nedbank") for a $25 million secured term loan credit facility that would be used by Nord for the reactivation of Nord's Johnson Camp Mine project in Arizona. Nedbank, based in Johannesburg, is one of South Africa's largest banks and premier resource financing institutions, with assets of over $50 billion. The credit facility will be subject to the entering into of a definitive loan agreement between Nord and Nedbank. Draw down under the facility will be subject to certain conditions, including the completion by Nord of a $20 million equity financing within the next three months, pay-out of Nord's existing $5 million bridge loan facility with Nedbank and customary conditions to closing. All amounts advanced under the credit facility will be secured by Nord's assets and will be repaid with interest within a four year period from the first draw down.