latest news releases from the newsroom
Energy Vision International
Modern Technology Corp. Portfolio Company Sound City to Add New Retail Location
OXFORD, Miss., April 19, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MOTG), a diversified Business Development and Acquisition company with assets and revenues in excess of $17 million, announced today its portfolio company, Sound City, will open a new retail location. The new retail operation is part of the continuing and rapid expansion plans for 2005. The new location is anticipated to add $1.5 million to $3 million in revenues to MOTG operations annually, expanding internal revenue growth from fiscal 2004 revenues of $10 million by up to 30%. Further growth in revenues from operations and planned retail acquisitions from the Consumer Electronics sector of the MOTG portfolio are expected to generate in excess of $25 million in 2005. This revenue estimate does not include revenues from MOTG's other planned sector acquisitions throughout 2005, expected to be in excess of $50 million. As of June 30, 2004, MOTG revenues exceed $10,000,000. As of January 25, 2005, MOTG's cash position was $617,587 and total assets of $7,012,631 and positive Shareholder Equity of $1,466,499 with approx. 15 million shares issued and outstanding and only 1.2 million shares in the public float.
Integrated Camera Optics, Corp.
Infotex Holdings, Inc. Announced Today that it is in Negotiations to Purchase Medical Messenger, Inc.
BOYNTON BEACH, Fla., April 19, 2005 (PRIMEZONE) -- Infotex Holdings, Inc. (Pink Sheets:IFXH) has entered into negotiations with Medical Messenger, Inc., based in Boynton Beach, FL. Medical Messenger is an electronic medical records company specializing in the portability of medical records. The company has developed an end-to-end electronic records system that places a mirror image of the patient's records on an electronic storage device and at the remote storage facility in Atlanta, GA.
GTREX Capital, Inc.'s CEO Begins Trip to Asia
ALISO VIEJO, Calif., April 19, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that chief executive officer Christopher Berlandier has embarked upon a ten day initiative to Asia on behalf of portfolio investment Global Travel Exchange, during which he will meet with a number of technology partners, customers and potential new customers, as well as planning the addition of a new data center in Singapore.
Market Pulse Announces its Stocks to Watch List for Tuesday, April 19, 2005: TLPE, AMGN, NEOM, NT
ATLANTA, April 19, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, TelePlus Enterprises, Inc. (OTCBB:TLPE), to the investment community! TelePlus is new to Market Pulse and is poised to become a significant player in the wireless communications industry! TLPE has had several excellent news announcements out lately and one again before today's opening bell regarding a 40% increase in handset sales for the first quarter! Investors should be watching this one closely! Other notable stocks that look great lately from a fundamental and technical perspective include:
Vision Solutions Releases ORION Integrator 2.1
IRVINE, Calif., April 19, 2005 (PRIMEZONE) -- Vision Solutions ("Vision") the industry leader in multi-platform high-availability solutions, today announced the release of ORION Integrator(tm) 2.1, a powerful and cost-effective data integration software designed to meet the needs of small and medium-sized businesses (SMB's.)