latest news releases from the newsroom
Coastal Holdings, Inc.
Coastal Holdings, Inc. Acquires Major Stake in Vetdermal Systems Limited
HOUSTON, May 5, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to announce the acquisition of a major stake in Vetdermal Systems Limited, an England-based company that is developing an innovative drug delivery system for animals. Vetdermal's novel drug dosage system is based on a unique technology platform originally developed in Israel. The company is planning drug trials in the coming months with strategic partners in the industry.
CALAMOS Asset Management, Inc.
CALAMOS Strategic Total Return Fund (CSQ) Announces Initial Dividend
NAPERVILLE, Ill., May 5, 2004 (PRIMEZONE) -- CALAMOS Strategic Total Return Fund (NYSE:CSQ) (Cusip No.: 128125 10 1) announced today the declaration of a dividend distribution of $0.075 per share, payable on June 23, 2004, to shareholders of record on June 11, 2004. Assuming the foregoing, the ex-dividend date should be June 9, 2004. The dividend equates to a current annualized yield of 6.00%(1) based on the Fund's initial offering price of $15.00 market price per share. Past performance is no guarantee of future results.
Capital Hill Gold Inc.
Capital Hill Gold to Commence Drilling and Trenching in Arizona
STUART, Fla., May 5, 2004 (PRIMEZONE) -- Capital Hill Gold (OTCBB:CAGI) will commence drilling and trenching on its Mexican Hat Property, near Pierce, Arizona on May 10th, 2004. The current program is being managed by Norm Pearson and supervised by Charles K. Ikona, P.Eng, a senior managing partner of Pamicon Developments Ltd., Canadian Mining Consultants.
Mellon Research, Inc.
Mellon Research Inc. Announces Major Bridge Funding Contract for New Client in Athens, Greece
PHOENIX, May 5, 2004 (PRIMEZONE) -- Mellon Research Inc. (OTCBB:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms, today announced that it has successfully setup a bridge funding loan for $120 million for a new client that has been collateralized by $300 million in fixed real estate assets. The new client is a major construction firm that is working on several major projects that must be completed in time for the upcoming Summer Olympics, which are being held in Athens Greece.
Advanced Technology Industries, Inc.
Advanced Technology Industries, Inc. To Complete Acquisition of Alfa Pro Products GmbH Intellectual Property
BERLIN, May 5, 2004 (PRIMEZONE) -- Advanced Technology Industries, Inc. ("ATI") (OTCBB:AVDIE) announces that it has reached an agreement with the owners of intellectual property including Alfa Pro Products GmbH ("Alfa Pro"), its shareholders and related individuals for the transfer to ATI of all intellectual property that is controlled by these parties as soon as administratively possible. This intellectual property transfer is part of the previously announced agreement between shareholders of Alfa Pro and ATI. Under the terms of the new understanding, ATI will purchase all of the intellectual property rights of Alfa Pro and such other parties in consideration for cash in an amount not to exceed $90,000 and the issuance of unregistered preferred shares of ATI. Such number of issued shares will represent, on an as converted basis, less than 10% of the outstanding shares of ATI common stock following the consummation of the previously announced transaction with LTDnetwork, Inc. ("LTDN"). In addition, ATI has agreed to pay off certain debts of affiliates and related parties of Alfa-Pro. Alfa-Pro is a research and development company that has worldwide intellectual property rights to over 40 consumer products that it has developed.
Sixty Amazing Years Showing Love to the Amazon Headhunters
CONIFER, Colo., May 5, 2004 (PRIMEZONE) -- Trek through the dripping rainforests of the Amazon, going deep into the wilds where not only beasts hunt, but a fierce Indian tribe is feared for their inclined violence. Robert Howe's Tigres of the Night is a book about the extraordinary life of two missionaries ministering in the dangerous jungles of Ecuador.
Billerud -- Continued buy-backs of own shares
STOCKHOLM, Sweden, May 5, 2004 (PRIMEZONE) -- Billerud's board of directors has today, with the support of the Annual Shareholders Meeting's authorisation to the Board, decided to continue buying back Billerud shares. This decision is part of the change to the company's capital structure in accordance with financial targets, i.e. that the net debt/equity ratio shall be between 0.6 and 0.9. The net debt/equity ratio after paying dividends mid May 2004 amounts to approx 0.55.