latest news releases from the newsroom
Desert Mining, Inc.
Desert Mining Acquires Oil And Gas Leases
LOVELAND, Colo., Aug. 7, 2003 (PRIMEZONE) --- Desert Mining, Inc., (OTCBB:DSRM) today announced that it has acquired the oil and gas rights to just over 6,000 acres of BLM land in Wyoming. At an auction held August 5, 2003, Desert Mining was high bidder for the oil and gas rights on approximately 622 acres of BLM land in Carbon County, 640 acres in Sweetwater County, and 4,767 acres in Sublette County.
SkyWay Communications Holding Corp.
SkyWay Communications Holding Corp Announces Congressman and Republican Majority Leader Tom Delay's Appointment of Brent C. Kovar, President of SkyWay, to the National Republican Congressional Committee Business Advisory Council
CLEARWATER, Fla., August 7, 2003 (PRIMEZONE) -- SkyWay Communications Holding Corporation (OTCBB:SWYC), and its wholly owned subsidiary, Sky Way Aircraft, Inc. are very pleased to announce that Mr. Brent C. Kovar, President and the developer/inventor of the high-speed communications transfer technology utilized by SkyWay, has been appointed to serve on the National Republican Congressional Committee Business Advisory Council.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Second Quarter 2003 Results
WEST PALM BEACH, Fla., August 7, 2003 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income in the second quarter of 2003 of $4.1 million or $0.06 per share compared to a net loss of $(50.2) million or $(0.75) per share in the second quarter of 2002. For the six months ended June 30, 2003 the Company reported a net loss of $(4.3) million or $(0.06) per share compared to a net loss of $(54.7) million or $(0.81) per share in 2002.
NetSol Technologies Inc.
Akhter Group, a United Kingdom Company, Acquires 49.9 Percent of NetSolConnect, a Subsidiary of NetSol Technologies, Inc.; Acquisition to Bring Potentially $20 Million in Investment for First Nationwide Broadband Infrastructure in Pakistan
CALABASAS, Calif., August 7, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWKC), a developer of proprietary software applications, today announced that it has entered into an agreement with United Kingdom-based Akhter Group PLC. Under the terms of the agreement, Akhter Group acquired 49.9 percent of NetSol Technologies' wholly owned subsidiary, Pakistan-based NetSolConnect (Pvt) Ltd., an Internet Services Provider in Pakistan. Akhter, one of the longest established computer companies in the UK, is well recognized as a provider of managed Internet services, integrated networks both local area networks and wide area networks as well as metropolitan area networks within the UK.
Vertex Interactive, Inc.
Vertex Interactive Announces $600,000 of New Orders from Advanced Distribution Systems; Record 5 Day Installation Achieved
PARAMUS, N.J., Aug. 7, 2003 (PRIMEZONE) -- Vertex Interactive, Inc. (Pink Sheets:VETX), ("Vertex or the Company"), a leading provider of Internet enabling business-to-business fulfillment solutions, today announced that it's enterprise level software division, XeQute Solutions, has received the latest in a series of orders from Advanced Distribution Systems ("ADS"), one of the nation's largest third party logistics providers, to install wireless, software-based pick-to-light systems.