latest news releases from the newsroom
21st Century Technologies, Inc.
21st Century Technologies, Inc. Officials Enjoy Warm Reception In Washington
LAS VEGAS, March 16, 2004 (PRIMEZONE) -- Returning from a successful trip to Washington, D.C. packed with nearly two-dozen high level meetings, officials from 21st Century Technologies, Inc. (OTCBB:TFCT) are finalizing its efforts for federal procurement. Company officials were impressed with the level of enthusiasm they received from elected officials. "Once they saw our product demonstration, officials were wondering aloud how such technology hasn't been utilized in multiple safety and leak prevention applications," reminisced Kevin Romney, general manager of 21st Century. "They were awed by its simplicity, easy application and seal power."
World Golf League, Inc.
The World Golf League Reports Preliminary Media Results
ORLANDO, Fla., March 16, 2004 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that results for its first three weeks of television advertising has exceeded expectations. New memberships are up 600% from the same period last year and Web traffic has increased 900% from the same period in 2003.
Bitfone Secures Series C Funding of More Than $21 Million Led by Prism Venture Partners
LAGUNA NIGUEL, Calif., March 16, 2004 (PRIMEZONE) -- Bitfone Corporation (www.bitfone.com), the company that pioneered over-the-air (OTA) firmware update technology for mobile phones, today announced that the company has closed a Series C funding round and secured more than $21 million, bringing the company's total investment to more than $57 million. Prism Venture Partners led the round, with existing partners Nokia Venture Partners, Nexit Ventures, St. Paul Venture Capital, 3i, CIR Ventures, and KTB Ventures all contributing. Flextronics also joined the round as a new investor in Bitfone. Additionally, David W. Baum, general partner at Prism Venture Partners, becomes the newest member of Bitfone's Board of Directors.
Board's proposal regarding conditions for redemption of Electrolux shares
STOCKHOLM, Sweden, March 16, 2004 (PRIMEZONE) -- The Board of Directors of Electrolux (Nasdaq:ELUX) has now established the conditions for the share redemption offer in a total amount of approximately SEK 3,000m, which is to be proposed at the Annual General Meeting of shareholders on April 21, 2004. The redemption offer was announced in connection with publication of the year-end figures for 2003, and is made on the basis of the Group's strong balance sheet and the Board's ambition to contribute to increased shareholder value.