latest news releases from the newsroom
Thinkpath Announces US$3,500,000 New Financing with Laurus Funds and Reverse Stock Split
TORONTO, June 29, 2005 (PRIMEZONE) -- Thinkpath, Inc. (OTCBB:THTHF) today announced the implementation of their previously announced reverse stock split of 5,000 to 1 of their issued and outstanding common shares and the simultaneous closing of a $3,500,000 convertible financing facility with Laurus Master Fund, Ltd. ("Laurus Funds"), a New York based institutional equity fund that specializes in making direct investments in growth-stage public companies that exhibit exceptional promise. A portion of the proceeds were used to retire the balance of all outstanding convertible debentures and the cancellation of all associated warrants and shares, as well as to pay off the receivable discount facility with Morrison Financial Services Limited.
Nanoforce Seeking to Expand Scope and Research
CLEARWATER, Fla., June 29, 2005 (PRIMEZONE) -- Nanoforce Technologies, Inc. (Pink Sheets:NNFC) has announced that management is considering opportunities for expansion and is looking into additional commercial applications for nanotechnology. The constant innovations in this industry continue to open up numerous opportunities and management feels it is important to stay ahead of the curve in consistently re-evaluating potential new applications for this technology.
VentureNet Capital Group, Inc.
VentureNet Capital Group, Inc. Seeks Joint Venture Partnerships with Other Consulting Firms
TEMECULA, Calif., June 29, 2005 (PRIMEZONE) -- VentureNet Capital Group, Inc. California (Pink Sheets:VNTN), announced it is seeking joint venture partnerships with other business consulting firms to provide capital formation strategies, marketing, advertising, and management support systems for public companies and private companies with a desire to go public.
iSECUREtrac Corp. Closes $11 Million Financing
OMAHA, Neb., June 29, 2005 (PRIMEZONE) -- iSECUREtrac(tm) Corp. (OTCBB:ISRE), an industry leader in offender monitoring solutions utilizing global positioning systems (GPS) and wireless technology, announced that it received $11 million in funding from Mykonos 6420 LP, an affiliate of Sponsor Investments, LLC of Dallas, Texas on June 27, 2005. The Company issued 1,000,000 shares of its newly created Series C 8% Cumulative, Compounding Exchangeable Preferred Stock plus warrants to acquire 32,342,315 shares of the Company's common stock at exercise prices ranging from $0.23 to $1.65 per share. Each share of Preferred Stock is exchangeable for approximately 47.8 shares of the Company's common stock plus a warrant to purchase approximately 62.9 shares of common stock at $0.23 per share. If Mykonos exchanges its Preferred Stock for shares of the Company's common stock and exercises all of its warrants to purchase shares of the Company's common stock, Mykonos would own approximately 57% of the issued and outstanding shares of the Company's common stock.
Premiere Secures 2010 Soccer World Cup
MUNICH, Germany, June 29, 2005 (PRIMEZONE) -- Premiere has obtained comprehensive broadcasting rights to the 2010 Soccer World Cup in South Africa. Premiere will be the only station in Germany and Austria to broadcast all 64 games of the 2010 FIFA World Cup(tm) live. Eighteen of these matches will be shown exclusively on Premiere. Additionally, Premiere has obtained all pay TV rights for German-speaking Switzerland. In a bidding process that lasted several months, Premiere beat competing channels and sports rights agencies to obtain the rights. This was the first time Premiere has succeeded in acquiring the pay TV rights for a large international sporting event directly from the rights holder. FIFA and Premiere agreed not to disclose the terms of the contract concluded between the two parties.