latest news releases from the newsroom
Powerwave Technologies Announces Leadership Succession
SANTA ANA, Calif., Feb. 11, 2005 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that its Board of Directors has unanimously approved a succession plan that will ensure continued strong leadership at Powerwave in the years ahead. Ronald Buschur, President and Chief Operating Officer of Powerwave, today becomes President and Chief Executive Officer of Powerwave and a member of the Board of Directors. Ron joined Powerwave in 2001 as Chief Operating Officer. Bruce C. Edwards, who has been Powerwave's Chief Executive Officer since 1996, now becomes Executive Chairman of the Board. John Clendenin, who joined Powerwave's Board of Directors in May 1998 and has been non-executive Chairman of the Board since January 1999, will become Lead Director. Dag Tigerschiold is stepping down as a Director of Powerwave and Ron will be assuming his role as a Director of Powerwave.
Current Capital Spotlights Stocks to Watch for Friday, February 11, 2005: BNTNF, UPL, IOC
TORONTO, Feb. 11, 2005 (PRIMEZONE) -- Current Capital's spotlight stock is Bontan Corporation (OTCBB:BNTNF). Bontan Corp. recently announced that its wholly-owned subsidiary, Bontan Oil & Gas Corporation entered into an agreement with a private investor group in the United States to acquire a 49% gross working interest in a gas exploration project in the prolific natural gas producing State of Louisiana. Bontan announced that management recently met with the contractors to evaluate the status of the gas exploration project. Further details on this play are sure to be imminent as it relates to the project and its investing partners! Bontan also has an Indirect Participation Interest of 0.75% in the world's largest onshore oil exploration program in Papua New Guinea being undertaken by InterOil Corporation (AMEX:IOC) an international integrated energy company. InterOil recently announced its intent to commence its next well in its multi-well drilling program by the end of the first quarter of 2005. This well is on the Black Bass Prospect in Petroleum Prospecting License (PPL) 236 in Papua New Guinea.
Telatinos Inc. Completes 6:5 Forward Split
MIAMI, Feb. 11, 2005 (PRIMEZONE) -- Telatinos Inc. (Pink Sheets:TLNO), a Latin American VoIP and communication service provider, today announced the Company has completed its forward split of six common shares for five. The company's new trading symbol is TLNO.
Penn Biotech Calls Extraordinary Meeting to Deal With Outstanding Issues
VANCOUVER, British Columbia, Feb. 11, 2005 (PRIMEZONE) -- Penn Biotech (The "Company") (OTCBB:PBOTF) today announced that it has called an extraordinary meeting of its board of directors and advisory board to discuss the future direction of the Company, along with its continued development of the organization moving forward. On the agenda are the following issues:
Pinkpicks.com Announces Profile Launch of Strat Petroleum, Ltd.
GRANGER, Ind., Feb. 11, 2005 (PRIMEZONE) -- Ken Weiner, Publisher of Pinkpicks.com, today announced profile coverage Strat Petroleum, Ltd. (Pink Sheets:SPRL). The Profile is a comprehensive look at the company's growth initiative. You can view the complete profile at http://www.pinkpicks.com/profiles/sprl/index.php
CDMA Development Group
CDMA2000 Adds Over 62 Million Users in 2004
COSTA MESA, Feb. 11, 2005 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) reported today that the CDMA subscriber base reached more than 240.2 million in December 2004, increasing 27% for the year. CDMA2000(r) added 21.5 million new subscribers in the 4Q, ending the year with nearly 147 million users.
Flamemaster Reports Earnings For The 1st Quarter Ended December 31, 2004
SUN VALLEY, Calif., Feb. 11, 2005 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAMEC) today reported net income of $39,305, or $.04 per share, on revenues of $1,132,416 for the 1st quarter ended December 31, 2004, compared to net of $72,692 or $.06 per share on revenues of $1,074,559 in the year earlier period.
Converium Holding AG
January Renewals 2005 and Year-End 2004 Results to be Released on February 17, 2005 Respectively March 1, 2005
ZUG, Switzerland, Feb. 11, 2005 (PRIMEZONE) -- Converium Holding Ltd, Zug, will release its January renewals 2005 results on Thursday, February 17, 2005 and its year-end 2004 results on Tuesday, March 1, 2005 before the markets open in Europe.