latest news releases from the newsroom
Isonics CEO Discusses Debut Sale of NeutroTest Explosive Detection Device in Interview with HomelandInsights.com
LOS ANGELES, July 8, 2005 (PRIMEZONE) -- HomelandInsights.com, the online source for expert information on high-growth investing in the multi-billion dollar Homeland Security marketplace, has announced the availability of an audio interview with James Alexander, President and CEO of Isonics Corporation, (Nasdaq:ISON). In the interview, Mr. Alexander discussed the Company's recently announced debut sales of NeutroTest(tm), a handheld, portable device designed to scan suitcases and other containers for the presence of concealed explosives.
Turnaround Partners, Inc.
Illegal Naked Short Selling Update with Wes Christian and Sean Greenwood on 'Corporate Strategies with Tim Connolly' Sunday, July 10th 9 p.m.
HOUSTON, July 8, 2005 (PRIMEZONE) -- A special two-hour, live call in report on Illegal Naked Short Selling with attorneys Wes Christian and Sean Greenwood will air Sunday night, July 10 at 9 p.m. EDT. John O'Quinn's lead litigator on illegal naked short selling, Wes Christian, will disclose the latest winning decisions in court and the SEC and will discuss what he believes is a trillion dollar damage scenario for common shareholders. Listeners may call in questions live and toll free to Wes, Sean and Tim Connolly at 1-866-606-TALK (8255). Recent guests of the show have included Enterprise Products CEO Dan Duncan, Celgene's CEO John Jackson, Landry's CEO Tilman Fertitta, Changewave Research's Tobin Smith, Mario Gabelli, former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others. The Business Talk Radio Show may be heard on KSEV AM 700 in Houston, 740 AM WSBR in Boca Raton, Florida and on over 375 affiliate stations nationwide listed at CRN1 www.cableradionetwork.com, or on the Internet at www.businesstalkradio.net. This hour of "Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net). Noted Economist Mike King of Princeton Research provides live technical analysis for the show.
Telenor's Acquisition of Bredbandsbolaget Finalised
OSLO, Norway, July 08, 2005 (PRIMEZONE) -- On 21 May this year, Telenor entered into an agreement to acquire the Swedish broadband provider Bredbandsbolaget. The transaction was approved by the Swedish competition authorities at the end of June, and closing was conducted during 8 July."We welcome Bredbandsbolaget's customers and employees to the Telenor family of companies," said Morten Karlsen Soerby, Executive Vice President of Telenor. "We look forward to working with Bredbandsbolaget to provide broadband services to a constantly growing demand among Swedish households and companies."
Horizon Offshore Inc.
Horizon Offshore Announces Settlement of Claims Against Williams Oil Gathering
HOUSTON, July 7, 2005 (PRIMEZONE) -- Horizon Offshore, Inc. (OTCBB:HOFF) announced today that it has settled all claims related to the suit it filed against Williams Oil Gathering LLC for breach of contract and wrongful withholding of amounts due to Horizon for services provided on a pipeline project in 2003. Under the terms of the settlement, Williams will pay Horizon $4.8 million for all claims related to the suit and for the settlement of Williams' portion of the insurance deductibles for Builder's Risk insurance claims under the contract. Horizon previously reported that its best estimate of the amount recoverable in connection with the lawsuit and the carrying amount reflected in its financial statements was $5.5 million for the breach of contract claim and $1.0 million for the Builder's Risk insurance claims. In conjunction with this settlement, Horizon also reached agreement with a subcontractor performing non-destructive testing services on the project to reduce the amounts owed to it by $0.3 million. The Company will reflect the net $(1.4) million loss, as a result of this settlement, as of the second quarter ended June 30, 2005. Horizon will use $3.8 million of the settlement proceeds to repay a portion of the outstanding amount under its $30 million senior secured term loan. The remaining $1.0 million of proceeds will be used for working capital and other general corporate purposes.
JetBlue Airways Corporation
JetBlue to Waive Change Fees and Fare Differences to Assist Customers Who May be Affected by Hurricane Dennis
NEW YORK, July 7, 2005 (PRIMEZONE) -- JetBlue Airways (Nasdaq:JBLU) will waive its change fees and any fare differences to allow customers who have reservations for travel tomorrow, July 8, through Tuesday, July 12, to or from Tampa, FL, Fort Myers, FL or New Orleans, LA, to postpone their plans through Thursday, July 14, to avoid the inclement weather in the area. Customers should call 1-800-JETBLUE (538-2583) to arrange for ticket changes.
GlobeOp Financial Services
GlobeOp Enhances Platform With Markit's Credit Data
LONDON and NEW YORK, July 7, 2005 (PRIMEZONE) -- GlobeOp Financial Services (GFS(sm) or GlobeOp(r)), a provider of fund administration and related support services for hedge funds, fund of funds, and high net worth family wealth offices, today announced an agreement with Markit Group Limited (Markit), a leading industry source for independent mark-to-market pricing, asset and OTC derivatives valuations, that will significantly enhance GlobeOp's portfolio valuation services and enable further automation of its operational processes. Through the agreement, GlobeOp will provide its clients with services that use Markit credit default swap (CDS) data and reference entity data (RED), products used in the fast growing global credit derivatives market.
Converium Holding AG
Zurich Cantonal Bank Increases its Holding of Converium's Registered Shares to 5.001 Percent and Reduces Again to Below 5 Percent
ZUG, Switzerland, July 07, 2005 (PRIMEZONE) -- Converium Holding Ltd has been notified that Zurich Cantonal Bank, Tessinerplatz 7, 8002 Zurich, Switzerland, adjusted its holding of registered shares of Converium Holding Ltd, Zug on June 29, 2005 to 5.001% and on June 30, 2005 to below 5%.