latest news releases from the newsroom
AdZone Research, Inc.
AdZone Research, in 8-K Filing, Says Board Has Authorized Repurchase of up to $150,000 of Its Stock in Open Market
CALVERTON, N.Y., April 30, 2003 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR), in a Form 8-K filed with the Securities & Exchange Commission, today said that its Board of Directors has passed a resolution authorizing the repurchase of up to $150,000 of the company's stock in the open market. The company said it shall reserve 5% of the first $3 million of revenues from contracts generated in the current fiscal year for this plan, and that the money may be utilized immediately upon receipt, at the discretion of the company's chief executive officer in directing the repurchase program.
NetSol Technologies Inc.
NetSol Technologies, Inc. Expands Board Of Directors; Managing Director of UK-Based DCD Holdings Ltd. Joins NetSol Board
CALABASAS, Calif., April 30, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that Shabir A. Randeree, Managing Director of the DCD Holdings Ltd., has accepted an invitation to join NetSol Technologies' Board of Directors. DCD Holdings signed a $2.0 million investment agreement with NetSol in February 2003 and is one of NetSol's largest Investors. A subsidiary of DCD Holdings, DCD Trade Services Ltd. has recently provided a $1 million revolving line of credit to support and launch new customer projects requiring initial investment. DCD Holdings has worldwide representation and manages investments of approximately $650 million.