latest news releases from the newsroom
The Committee to Restore Stockholder Value
Committee to Restore Stockholder Value Files Definitive Proxy Statement Against Competitive Technologies, Inc.
AUGUSTA, Ga., Jan. 3, 2007 (PRIME NEWSWIRE) -- The Committee to Restore Stockholder Value announced today the filing on December 26, 2006 with the Securities Exchange Commission (SEC) of their definitive proxy statement to replace the current Board of Directors of Competitive Technologies, Inc. (AMEX:CTT), based in Fairfield, CT. The Committee is firmly committed to restore shareholder value to CTT by replacing the current Board of Directors, returning to the successful leadership of John B. Nano, CTT's former President and CEO, and implementing profitable business strategies.
Gold Canyon Resources Inc.
Gold Canyon Closes First Tranche of Private Placement for US$348,400
VANCOUVER, British Columbia, Jan. 3, 2007 (PRIME NEWSWIRE) -- Gold Canyon Resources Inc. (TSX-V:GCU) ("Gold Canyon" or "the Company") is pleased to announce it has closed the first tranche of its non-brokered private placement originally announced on December 28, 2006. Today's closing included 1,340,000 common share units (the "Units") at US$0.26 (Cdn$0.30) per Unit for gross proceeds of US$348,400 (Cdn$402,000). Each Unit consists of one common share in the capital of the Company and one non-transferable common share purchase warrant, each whole warrant entitling the holder to acquire one additional common share at a price of US$0.39 (Cdn$0.45) per share until January 2, 2009. All securities will be subject to a four month hold period expiring on May 3, 2007 in accordance with applicable Canadian securities law and the policies of the TSX Venture Exchange. The securities have not been registered under the United States Securities Act of 1933, as amended or the securities laws of any state of the United States and may not be sold, transferred or assigned in the absence of an effective registration statement for the securities under applicable securities laws, or an available exemption from the registration requirements of those laws.
eHolding Technology, Inc.
eHolding Technologies Signs Letter of Intent to Acquire Kavco Construction Components, Inc.
RENO, Nev., Jan. 3, 2007 (PRIME NEWSWIRE) -- eHolding Technologies, Inc. (Pink Sheets:EHDT) reported today that it has signed a Letter of Intent to acquire Kavco Construction Components, Inc. (Kavco), currently doing business as Precision Panel of Southern California. The company said it would acquire all the assets of Kavco, and that it has commenced due diligence that it expects will lead to Corona, Calif.-based Kavco becoming a wholly owned subsidiary.
NetBank, Inc. Announces Pricing of Private Placement of Its Common Stock
ATLANTA, Jan. 3, 2007 (PRIME NEWSWIRE) -- NetBank, Inc. (Nasdaq:NTBK) today announced the pricing of a private placement of 6,500,000 shares of its common stock at a price of $3.90 per share to a combination of new and existing institutional investors. The Company expects to receive proceeds of approximately $23.7 million, net of private placement fees and estimated legal and other expenses of the placement agent associated with the issuance. The Company intends to use the net proceeds of this offering for general corporate purposes. The closing of the transaction is expected to occur on Friday, January 5, 2007, subject to the satisfaction of closing conditions.