latest news releases from the newsroom
Capital Research Group, Inc
TheSUBWAY.com's Technology Talk Forum: Monday, May 17, 2004: Trouble in Iraq Pushing Futures Lower!
WESTON, Fla., May 17, 2004 (PRIMEZONE) -- Stocks suffered another uneasy session on Friday as concerns over the price of crude and trouble in Iraq continued to weigh on investors. The Nasdaq Composite was down 21.5 points, to 1,904.25, while the Dow Jones industrial average held firm, gaining 2.13 points, to 10,012.87.
Nighthawk Systems, Inc.
Nighthawk Receives Order From El Paso Electric Company
DENVER, May 17, 2004 (PRIMEZONE) -- Nighthawk Systems, Inc. (OTCBB:NIHK) announced today that it has received an initial order from El Paso Electric Company for its CEO-700 whole house disconnect units. El Paso Electric plans to install the units on a test basis in order to wirelessly connect and disconnect power to widely dispersed sites, rather than sending work crews to perform the task. El Paso Electric, which is listed on the New York Stock Exchange, generates and distributes electricity through an interconnected system to approximately 314,000 customers in west Texas and southern New Mexico.
Competitive Technologies, Inc.
Competitive Technologies Obtains Exclusive Rights for Ready-To-Market Treatment for Insect Stings and Bites
FAIRFIELD, Conn., May 17, 2004 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that it has signed an agreement with Ontario, Canada-based Jenex Corporation (TSX Venture Exchange:JEN) (Frankfurt:JNX) to exclusively license and commercialize Jenex's patented thermal therapy technology, Therapik(tm). The exclusive license will cover various countries including Korea, China, Japan, Taiwan, Australia, Russia, Eastern Europe and India. In addition, CTT will have non-exclusive rights in all other countries. Therapik is a late-stage, ready-to-market medical device approved for use to provide temporary relief of the pain and itching resulting from insect stings and bites. The technology is approved by both the U.S. Food and Drug Administration and the Canadian Therapeutic Products Program. Patents in 15 countries, including the United States, Canada, Australia and Europe protect the technology.
Chembio Diagnostic Systems, Inc. Becomes Public Through Reverse Merger With Trading Solutions.Com
MEDFORD, N.Y., May 17, 2004 (PRIMEZONE) -- Chembio Diagnostic Systems, Inc., a developer and manufacturer of rapid diagnostic tests for infectious diseases, today announced completion of a reverse merger with Trading Solutions.com. Simultaneous to the merger, $2.2 million in financing was raised through a private placement led by H.C. Wainwright & Co., Inc. Trading Solutions.com will operate under the new name Chembio Diagnostics, Inc. with Chembio Diagnostic Systems, Inc. as the wholly owned subsidiary.
Emulex's InSpeed SOC 320 Honored with AeA's Innovative Technology Product Award
COSTA MESA, Calif., May 17, 2004 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the market leader in Fibre Channel host bus adapters (HBAs) and embedded storage switches, and a leading supplier of intelligent building blocks for next generation storage networking systems, today announced that the AeA (American Electronics Association) bestowed its Innovative Technology Product Award on Emulex's InSpeed SOC 320 at last week's High Tech Council awards ceremony.
United Online, Inc.
NetZero Internet Presents the 'NetZero HiSpeed Stakes'
WESTLAKE VILLAGE, Calif., May 17, 2004 (PRIMEZONE) -- NetZero, a subsidiary of United Online, Inc. (Nasdaq:UNTD), a leading provider of consumer Internet subscription services, today announced that it is giving away five 2004 Chevrolet SSR roadsters to users who sign-up for NetZero HiSpeed, an exciting type of dial-up Internet access that accelerates your Web surfing experience up to five times faster than traditional dial-up connections, or to current NetZero HiSpeed users in good standing. Part roadster, part pickup, the new limited edition Chevy SSR is a vehicle that transforms from a fully enclosed roadster to convertible in less than 30 seconds.