latest news releases from the newsroom
PayStar Terminates Processing of Equity Financing Line
LODI, Calif., Oct. 14, 2005 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST) announces that it has cancelled its pending $5 million equity line from Cornell Capital Funding. The Equity Line with its Credit terms and conditions were deemed to be unacceptable at this time and the Agreement has been cancelled.
Stolt-Nielsen S.A. Announces Purchase of 505,700 of its Common Shares
LONDON, Oct. 14, 2005 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo Stock Exchange: SNI) commenced its share repurchase program today with the purchase by Stolt-Nielsen Transportation Group (SNTG), a 100%-owned subsidiary of SNSA, of 505,700 of SNSA Common Shares in the open market. These purchases were made on the Oslo Stock Exchange at an average price of NOK 224.97 per share (approximately $34.83 at the current exchange rate). The share repurchase program was announced on August 25, 2005. The Company was authorized by its Board of Directors to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Hydril Announces Third Quarter 2005 Earnings Release Date and Conference Call Information
HOUSTON, Oct. 14, 2005 (PRIMEZONE) -- Hydril (Nasdaq:HYDL) plans to report earnings for the quarter ended September 30, 2005 after the market closes on Monday, October 24, 2005. The company will conduct a teleconference call at 8:30 a.m. EDT (7:30 a.m. CDT, 5:30 a.m. PDT) on Tuesday, October 25, 2005 to discuss the earnings results. Individuals who wish to participate in the teleconference call should dial (800) 657-1269 (domestic) or (973) 409-9256 (international) and reference passcode No. 6603991 approximately five to ten minutes prior to the scheduled start time of the call.
New Life Scientific Inc.
New Life Scientific and CureLab, Inc. Identify Their First Target -- Anti Fungal Compound Development
FREEHOLD, N.J., Oct. 14, 2005 (PRIMEZONE) -- New Life Scientific, Inc. (OTCBB:NWLF) today announced that as part of the Agreement with CureLab, Inc. both companies identified an anti-infective compound to be jointly developed. This is a new chemical entity protected by US patent 6,730,787 issued May 4, 2004. The claimed anti-infective activities include antiviral, immunostimulating (interferon inducer), and antibacterial (Chlamydia, Mycobacterium tuberculosis). The compound also has hepatoprotective and analgesic properties.
Patriot Motorcycle Corporation
Patriot Motorcycle Corporation Affirms Its Stated Mission to Bring Affordable Products and Family Fun to Market
SAN CLEMENTE, Calif., Oct. 14, 2005 (PRIMEZONE) -- Patriot Motorcycle Corporation (Pink Sheets:PMCY), exclusive worldwide distributor of the Yamoto by Patriot(TM) line of Dirt Bike motorcycles and All Terrain Vehicles (ATVs), and a line of domestic V-Twin custom street bikes, today affirmed its stated mission: "To be the first to build brand identity, market, sell and service a high-quality Chinese-manufactured line of off-road motorcycles, ATVs, watercraft and other motorized products with the purpose of bringing affordable family fun to the world."
VideoMovieHouse.com Inc. Signs Worldwide Distribution Agreement With Columbia Films
VANCOUVER, British Columbia, Oct. 14, 2005 (PRIMEZONE) -- Steve Gaspar, President of VMH VideoMovieHouse.com Inc. (OTCBB:VMHVF), is pleased to announce that VideoMovieHouse.com has signed a distribution agreement with Columbia Films to market Columbia Film's line of Tamil Indian Films. Columbia Films library will now be marketed through VideoMovieHouse.com's distribution channels and Internet portals worldwide. Columbia Films is the world copyright holder of a large collection of Tamil movies ranging from the old classics to the latest hit movies. Their library is comprised of blockbusters, classics, family fare, historic, comedy, devotional and evergreen titles. According to J.S Bassi, director of Indian operations, "The market for Indian Tamil movies is enormous in both the U.S.A. and Canada. It is with great pleasure I announce the expansion of VideoMovieHouse.com's film library to include Tamil Indian films."
Congress Charged With Corrupting 1913 Income Tax Amendment -- New Book Offers In-depth Study Revealing Massive Income Tax Scandal
TALLAHASSEE, Fla., Oct. 14, 2005 (PRIMEZONE) -- Congress began our modern income tax in 1913 after the ratification of the U.S. Constitution's 16th (or Income Tax) Amendment. But in doing so, and based on findings made public in his new book, The New Income Tax Scandal, tax reform advocate John C. Garrison has charged that Congress exploited an apparent loophole in the 16th Amendment resulting in an income tax corruption that has gravely affected American workers. In his groundbreaking work, Garrison defends his findings as he gleans from twenty years of research and from trials of the income tax that he carried out in the federal courts.