latest news releases from the newsroom
Vertex Interactive, Inc.
Vertex Interactive Announces Debt Restructuring with MidMark Capital
SOUTH PLAINFIELD, N.J., May 24, 2004 (PRIMEZONE) -- Vertex Interactive Inc. (OTCBB:VETX), a provider of software technology for order fulfillment and inventory and warehouse management, today announced that in conjunction with the previously announced financing of up to $3 million with the NIR Group, through its Family of Funds, MidMark Capital has agreed to convert all of its outstanding senior secured debt into convertible redeemable preferred stock and to exercise certain of its warrants, the proceeds of which will be used to pay off $281,287 of principal indebtedness owed to MidMark under its Grid Note facility.
BNP Paribas Expands ABS Business In the U.S.
NEW YORK, May 24, 2004 (PRIMEZONE) -- BNP Paribas (Pink Sheets:BNPQY) is pleased to announce the appointment of Jessica Bellamy to its U.S. Securitization Group. She joins as a Vice President, reporting to David Mandel, Head of Securitization -- the Americas.
Global Diversified Industries, Inc.
Global Diversified Industries, Inc. Secures $1.4 Million in Capital
CHOWCHILLA, Calif., May 24, 2004 (PRIMEZONE) -- Global Diversified Industries, Inc. (OTCBB:GDVI), focused on the modular building industry with emphasis on the education market, is pleased to report it has recently secured $1.4 million in equity capital. The funds will be used to improve the balance sheet and working capital ratios of the Company and its wholly owned subsidiaries. The majority of the equity was secured through disbursement of (144) "restricted" stock.
Cell Bio-Systems, Inc.
Recent Data Affirms Cell Bio-Systems' Innovations for Living Tissue Marketplace
SAN DIEGO, Calif., May 24, 2004 (PRIMEZONE) -- Cell Bio-Systems, Inc. (Pink Sheets:CBSI), a biotechnology company seeking to manufacture and distribute patented, disposable technologies for cosmetic surgery and other living tissue procedures, has received further endorsement of its business model and market potential, according to a series of recent reports on the booming cosmetic surgery marketplace.
Bookham Technology Plc
Bookham Technology plc -- Acquisition
OXFORDSHIRE, U.K., May, 24 2004 (PRIMEZONE) -- Bookham Technology plc ("Bookham") (LSE:BHM) (Nasdaq:BKHM) today announced that it has entered into an agreement under which it will acquire Onetta, Inc. ("Onetta"), a leading provider of optical amplifier modules and subsystems for communications networks, based in Sunnyvale, California.
Arinso International NV
ARINSO Adds New HR Outsourcing Contract
ATLANTA and BRUSSELS, Belgium, May 24, 2004 (PRIMEZONE) -- ARINSO International (Euronext Brussels:ARIN), a leading provider of HR technology consulting & outsourcing, announced an HR BPO contract in the telecommunications industry. Under this contract, ARINSO People Services, through its local companies, will provide comprehensive HR services for the employees of the client's local companies in four countries in North & South America, beginning in January 2005. The contract covers a period of five years, and its value is estimated to be approximately $16 million over the lifetime of the contract. For ARINSO, this contract is the fourth comprehensive HRO deal, three of which were announced over the past 6 months.