latest news releases from the newsroom
Military Communications Technologies Inc
Military Communications Technologies Announces Important New Revenue Agreements -- Appointed a Lead Worldwide Marketer of PC4 and SpectruCell(tm) SDR Wireless Technologies
IRVINE, Calif., Feb. 11, 2004 (PRIMEZONE) -- In a major development that significantly impacts the Company's operations and revenue potential in a very positive manner, Military Communications Technologies, Inc. (OTCBB:MLTA), a provider of wireless technology for homeland security and defense applications, announced today that it has entered into a new agreement for additional revenue streams, as well as now becoming a lead global marketer of the groundbreaking PC4 and SpectruCell SDR wireless technologies. Previously, the Company had the rights to market the technologies in the North American market only, these rights have now been expanded substantially. PC4, that has significant military and homeland defense applications, and SpectruCell SDR for existing commercial wireless networks, 3G networks and the emerging wireless handheld device markets, were both developed by the engineering team at SDR Technologies Pty Ltd., in Melbourne Australia, a private company in which Military Communications Technologies has 15% ownership interest.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Announces Iron Surcharge
BRIDGEVILLE, Pa., Feb. 11, 2004 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that it is changing its raw material surcharge formula to include an iron surcharge component effective with shipments beginning Monday, February 16, 2004 for all grades and products. The initial iron surcharge of $0.03 per pound is subject to adjustment based on changes in raw material costs. All other factors in the surcharge calculation will remain unchanged.
Utah Clay Technology
Utah Clay Technologies, Inc. Announces Acquisition of NeWave, Inc.
LONG BEACH, Calif., Feb. 11, 2004 (PRIMEZONE) -- Utah Clay Technologies, Inc. (OTCBB:UTCL) announced today that it has completed its acquisition of 100% of the outstanding shares of NeWave, Inc. The Company also announced that it has effected a 1-for-344 reverse split of its common stock. The total shares of common stock outstanding post-merger are 10,000,000. The Company's new ticker symbol is OTC:BB - "NWAV"
AngelCiti Entertainment, Inc.
AngelCiti to Split Off Online Poker Operations into Separate Development Unit
PEMBROKE PINES, Fla., Feb. 11, 2004 (PRIMEZONE) -- AngelCiti Entertainment's (OTCBB:AGEL) wholly owned subsidiary, Worldwide Management, announced that it will split off its online poker operations into a separate unit to more fully exploit the meteoric growth of the online poker industry. While online gaming itself continues to grow at a dramatic pace, the online poker industry has more than tripled in the past year according to statistics provided by PokerPulse.com, with an estimated $16 billion to be wagered at online poker websites this year.
Headliners Entertainment Group, LLC
Rascals International Starts Construction On First Mega Entertainment Complex
MONTCLAIR, N.J., Feb. 11, 2004 (PRIMEZONE) -- Rascals International Inc. (OTCBB:RSCA) announced today that it has begun construction of its first mega-entertainment complex, which will feature the Rascals Comedy Club, Banana Joe's nightclub, and the Cactus Lounge. This 30,000-square-foot club, being built in Jackson, Mississippi, will generate approximately $3.5 million of annual revenue with a 15 percent pretax net profit.
HydroFlo Announces Shift in Business Strategy
RALEIGH, N.C., Feb. 11, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that the company's Board of Directors has met and agreed to undertake certain changes in business strategy that are designed to raise capital and expand the reach of HydroFlo and its proprietary wastewater treatment systems into new markets.