latest news releases from the newsroom
Auto Underwriters of America, Inc.
Auto Underwriters of America Opens a Fourth Car Sales Center
HOUSTON, Jan. 19, 2007 (PRIME NEWSWIRE) -- Auto Underwriters of America, Inc. (OTCBB:ADWT), a non-prime vehicle lender and specialty auto retailer, will open its fourth automobile sales center as part of its strategy to further expand the Company's auto retailing and direct lending business. To facilitate this expansion, the Company is leasing 18,000 square feet of floor space in North West Houston, Texas. The Company believes that the new sales center, which should be fully operational by the end of February, 2007, will produce sales volumes of at least 35 to 45 vehicles per month.
Solomon Technologies, Inc.
Solomon's Technipower Subsidiary Awarded $800K Contract
TARPON SPRINGS, Fla., Jan. 19, 2007 (PRIME NEWSWIRE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that its Power Electronics Division (PED) was awarded a contract valued in excess of $800,000 to provide multiple high voltage, high power drive systems for laser cutting applications. The contract, awarded to Solomon's Technipower subsidiary, provides for deliveries between mid 2007 through mid 2008 and incorporates technology developed as part of the PED's new Cobalt 15 product line.
Crown Crafts, Inc.
Crown Crafts, Inc. Announces Letter of Intent for Possible Sale of Churchill Weavers, Inc.
GONZALES, La., Jan. 19, 2007 (PRIME NEWSWIRE) -- Crown Crafts, Inc. (the "Company") (OTCBB:CRWS) today announced that it has entered into a non-binding letter of intent for the sale of substantially all of the assets of its wholly-owned subsidiary, Churchill Weavers, Inc. ("Churchill"), to Bedford Cottage, LLC ("Bedford Cottage").