latest news releases from the newsroom
Financial Access Solutions Technology, Inc.
Financial Access Solutions Technology, Inc.'s DM2 Signs Agreement with Open Solutions Canada
MONTREAL, April 15, 2005 (PRIMEZONE) -- DM2 Technology a wholly owned subsidiary of Financial Access Solutions Technology, Inc. (Pink Sheets:FLST) has signed an agreement with Open Solutions Canada, formerly Datawest. This agreement allows for DM2 Technology to deploy ATMs utilizing Open Solutions Canada's banking switch. The revenue stream for DM2 will be derived from the surcharge per ATM transaction. The first deployment of the ATMs begins the week of April 18, 2005. The company plans for 100 ATMs in the first phase of deployment.
Rush Financial Technologies, Inc.
Rush Financial Technologies, Inc. Files 10-KSB
DALLAS, April 15, 2005 (PRIMEZONE) -- Rush Financial Technologies, Inc., dba RushTrade(r) Group (OTCBB:RSHF) announced today that it has filed its Form 10-KSB ("10-K") for the year ended December 31, 2004. This press release contains only partially selected financial information and should be reviewed in conjunction with the 10-SB in its entirety.
Houlihan Lokey Howard & Zukin
National Benevolent Association Plan Goes Effective, Creditors Are Paid Par Plus Accrued
ST LOUIS, Mo., April 15, 2005 (PRIMEZONE) -- The Joint Plan of Reorganization for the National Benevolent Association ("NBA") became effective today, setting the stage for the distribution to creditors of their entire outstanding principal and accrued interest at the accrual rate set forth in the plan. NBA, based in St. Louis, Missouri, was founded in 1887 and filed Chapter 11 in San Antonio, Texas, on February 17, 2004. The NBA is one of largest not-for-profit enterprises to file Chapter 11. Its principal assets consisted of eleven senior care facilities providing independent and assisted living units, as well as some skilled nursing operations. As of the petition date, the NBA also had over $100 million in cash and investments derived from charitable contributions and other sources, as well as operations and assets dedicated to providing specialized services to children, families and the developmentally disabled. The NBA also provided management services to approximately 70 HUD facilities.