latest news releases from the newsroom
Amplidyne, Inc. Enters Into Agreement to Repay Debt and Appoints a New Chief Executive Officer
RARITAN, N.J., July 21, 2005 (PRIMEZONE) -- Amplidyne, Inc. (OTCBB:AMPD) announced that it has entered into an agreement with John Chase Lee, one of the Company's directors, whereby the Company issued 130,000 shares of Series C preferred stock, $.0001 par value to Mr. Lee in satisfaction of loans made by Mr. Lee to the Company totaling $650,000. Under the terms of the Agreement, the Registrant will (a) amend the Certificate of Designations for the Series C preferred stock to provide for a conversion rate of 100 shares of the Registrant's common stock for every one Series C share, among other changes; and (b) amend the Certificate of Incorporation, subject to shareholder approval, to increase the authorized shares of common and preferred stock in order to provide a sufficient amount of authorized stock to effect the conversion of the Series C shares held by Mr. Lee. Subsequent to these corporate actions, Mr. Lee's Series C shares will be convertible into 13,000,000 shares of common stock.
Ocwen Financial Corp.
Ocwen Financial Corporation Schedules Conference Call - 2nd Quarter 2005 Results
WEST PALM BEACH, Fla., July 21, 2005 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, July 28, 2005, at 4:00 p.m. (ET), to review the Company's operating results. These events will follow Ocwen's 2nd Quarter 2005 earnings release. The press release will also be available on the Ocwen Financial Corporation Shareholder Relations website at www.ocwen.com.
Y-Tel International, Inc.
Y-Tel Completes Installation of a Redundant VoIP Network Between Miami, Florida and Dallas, Texas
MIAMI, July 21, 2005 (PRIMEZONE) -- Y-Tel International, Inc. (OTCBB:YTLI), a provider of telecommunications, VoIP and Wi-Fi services and devices, today announced it has completed the Installation of their VoIP telecommunications network by installing and connecting 2 major hubs in Miami, Florida and Dallas, Texas.