latest news releases from the newsroom
U.S. Starcom, Inc.
U.S. Starcom Announces a Signed Letter of Intent for the Acquisition of Bel Latino
PERTH AMBOY,N.J., Aug. 24, 2006 (PRIMEZONE) -- U.S. Starcom (Pink Sheets:USTA) announced today that it has signed a Letter of Intent to acquire Bel Latino, a provider of money wiring and telecom services to the Hispanic community. Bel Latino, currently doing approximately $2 million monthly in revenues, will be acquired for a combination of cash and restricted stock. The acquisition is expected to be closed by the end of the 3rd quarter.
First Equity Group
StockMarketNewsAlert.com Issues Trade Alert for BrainStorm Cell Therapeutics Inc.
POMPANO BEACH, Fla., Aug. 24, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues trade alert for BrainStorm Cell Therapeutics Inc. (OTCBB:BCLI). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, "The company announced that it is expanding its R&D program to include the treatment of the effects of stroke. The first efficacy animal studies are expected to start in the 4th quarter of 2006."
American Southwest Music Distribution, Inc.
American Southwest Music Distribution, Inc. is the New Name of GL Energy & Exploration, Inc.
HOLLYWOOD, Calif., Aug. 24, 2006 (PRIMEZONE) -- American Southwest Music Distribution, Inc. (OTCBB:ASWDE) announced today that its corporate name has been formally changed from GL Energy & Exploration, Inc. American's stock symbol has also been changed to "ASWD" on the OTC Bulletin Board from "GEEX." Our new stock symbol will initially have an "E" appended thereto until filing with the SEC of our Annual Report on Form 10KSB for the period ended April 30, 2006 and notification of the same to Nasdaq and the OTCBB. American also announced today the effectiveness of a 1-for-74 reverse split of its outstanding common stock.
Innovative Food Holdings, Inc.
Innovative Food Holdings, Inc. Reports Record Quarterly Revenues
NAPLES, Fla., Aug. 24, 2006 (PRIMEZONE) -- Innovative Food Holdings, Inc. (Pink Sheets:IVFH) announced its financial results for the second quarter of 2006 and reported record revenues of $1,868,889, a 41% increase from $1,325,814 for the comparable quarter in 2005. Sequentially revenues increased approx 14% by $227,843 from $1,641,046 in the previous quarter.
Fuel Systems Solutions, Inc.
IMPCO Technologies' Stockholders Approve Reorganization and Establishment of Holding Company -- Fuel Systems Solutions
SANTA ANA, Calif., Aug. 24, 2006 (PRIMEZONE) -- IMPCO Technologies, Inc. (Nasdaq:IMCO) today reported that stockholders at the company's annual meeting yesterday approved a proposed corporate reorganization and name change to Fuel Systems Solutions, Inc. As part of the reorganization, stockholders of IMPCO will receive one whole share of common stock of Fuel Systems Solutions, Inc. in exchange for every two shares of IMPCO common stock owned at the time of the reorganization. Stockholders will receive cash for any fractional shares held equal to a proportionate interest in the gross proceeds of the sale on Nasdaq of the aggregate fractional shares.
NetBank Announces Marketing Alliance With uBid.com
ATLANTA, Aug. 24, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(r) (www.netbank.com), today announced a new affiliation with uBid.com Holdings, Inc. (OTCBB:UBHI) whose uBid, Inc. subsidiary (www.ubid.com) is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S. As a result of this affiliation, uBid.com customers now have the opportunity to earn up to $235 in bonuses for opening and funding a variety of NetBank accounts.