latest news releases from the newsroom
Pyng Technologies Inc.
Pyng Technologies Escrow Share Redistribution
VANCOUVER, B.C., Feb. 21, 2003 (PRIMEZONE) -- Michael Jacobs, President of Pyng Technologies Corp. ("Pyng") (OTCBB:PYNGF) (TSX Venture Exchange:PYT), reports that after negotiations and discussions with David Johnson and Judy Findlay over the past several years concerning ownership and control of 3,550,000 escrow shares currently owned by Michael Jacobs, he, David Johnson, and Judy Findlay have today reached a definitive agreement to divide ownership of and voting rights attached to these shares as follows: (1) Mr. Jacobs will irrevocably transfer voting rights over 2,000,000 escrow shares: 1,000,000 to David Johnson and 1,000,000 to Judy Findlay. (2) Mr. Jacobs will transfer ownership of the 1,000,000 escrow shares to David Johnson and 1,000,000 escrow shares to Judy Findlay at such time as they request that the transfer be made. This may occur either before or after the shares have been earned out, assuming that they are earned out. The transfers are to be effected in a manner that has the least negative tax impact on the parties. (3) Mr. Jacobs has agreed to reserve for future purposes a total of 550,000 escrow shares. Voting rights over these 550,000 escrow shares will, until such time as they are released or transferred, be held by Michael Jacobs.
Mica Capital Partners LLC
EquityCast.com Posts its Performance Stocks List
SAN DIEGO, Calif., Feb. 21, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Mica Capital Partners LLC: AmeraMex International Inc. (Pink Sheets:AMMX) (http://www.ammx.net) releases news highlighting, production, and increased revenue. AmeraMex future gross profit from ongoing concerns to net over $20,000,000.00 US from current order, we find this company very attractive long term.
AmeraMex International Inc.
AmeraMex International Inc. Receives Additional Orders and Will Increase Production Significantly
LAS VEGAS, Feb. 21, 2003 (PRIMEZONE) -- AmeraMex International, Inc. (Pink Sheets:AMMX) Charles B. Layton Sr., President, announced today that AmeraMex International Inc. has started additional timber deliveries to a large San Diego home builder, who specializes in log home construction. Layton stated, "We feel we are within 60 days of turning the corner of being where we want to be after two years of preparation." Recently AmeraMex announced a 100,000,000 board feet order from an Oregon-based lumber mill operation. Deliverers of that order started just a few months ago and could expand into several years of operation. The Company expects a future gross profit of over $20,000,000.00 US from this order alone. Additional equipment is arriving on a regular basis and is moved to AmeraMex's mill site located at Ojos Negros, Mexico. Next week experienced loggers from Northern California are coming into the area to assist in training the local logging and production crews.
NCC Acquires Western Swedish Construction company
SOLNA, Sweden, Feb. 21, 2003 (PRIMEZONE) -- NCC is acquiring Anjobygg AB. The acquired company, which holds strong market position, particularly in the civil engineering and heavy industrial construction segments, had total sales in 2002 of SEK 300 million, which generated healthy profitability. The acquisition is subject to the approval of the Swedish Competition Authority.
Notice of Annual General Meeting in Micronic Laser Systems AB (publ.)
TABY, Sweden, Feb. 21, 2003 (PRIMEZONE) -- Shareholders in Micronic Laser Systems AB (publ.) (Other OTC:MICLF) (Stockholm:MICR) are hereby given notice to attend the Annual General Meeting (AGM), to be held on Tuesday, March 25, 2003, at 5 PM at Nasby Slott, Djursholmsvagen 30, Taby, Sweden
Petroleum Geo-Services ASA
Petroleum Geo-Services Reports Increased Production from the Varg Field
OLSO, Norway, Feb. 21, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA ('PGS') (NYSE:PGO) (Oslo:PGS) today announced that its wholly-owned subsidiary Pertra AS has successfully sidetracked the A-15 well, within the Varg reservoir. The well is flowing at a rate of 12,500 barrels of oil per day, increasing the total daily output from the field from around 11,500 barrels per day prior to the new well, to a total daily production of approximately 25,000 barrels of oil.