latest news releases from the newsroom
Globetech Ventures Corporation
Globetech Announces Private Placement
VANCOUVER, British Columbia, Aug. 4, 2004 (PRIMEZONE) -- Globetech Ventures Corp. (OTCBB:GTVCF) (the "Company") is pleased to announce that it has completed a private placement with two well respected Canadian investment funds. The initial funding package is in the amount of US$300,000 representing a total of 697,674 units. Each unit comprises one common share at a purchase price of US$0.43 and one share purchase warrant exercisable at the price of US$0.5375 to 28th July 2005, and US$0.6375 to 28th March 2006. Under the terms of the financing, the investment funds also have the option to exercise the right to invest an additional US$300,000 within 120 days through an additional warrant. The funds have expressed a strong interest in providing additional funding in order to advance Globetech's projects and have a legal right of first refusal in this regard. A finder's fee of 8% is payable on the initial funding of US$300,000.
Down from the Mountains -- Author Explores Hard Lives of Ancestors through Fictional Epic
ORIENT, N.Y., Aug. 4, 2004 (PRIMEZONE) -- Most modern Americans are descendants of immigrants who came to the shining shores of the United States searching for salvation or fortune. Although many Americans live with the prosperity their ancestors once dreamed about, Nicholas Stevensson Karas' new novel, Hunky: The Immigrant Experience (now available through AuthorHouse), captures the sweat and sorrow upon which today's wealth was built.
Mark A. Snell Named Group President, Sempra Energy Global Enterprises
SAN DIEGO, Aug. 4, 2004 (PRIMEZONE) -- Mark A. Snell has been named group president of Sempra Energy Global Enterprises, overseeing Sempra Energy's businesses operating in competitive energy markets, including energy trading, electric generation, liquefied natural gas, pipelines and storage facilities, international utilities and retail energy marketing.
KoKo Petroleum, Inc.
KOKO Petroleum Completes Productive Oil Well
LAS VEGAS, Aug. 4, 2004 (PRIMEZONE) -- KOKO Petroleum (Pink Sheets:KKPT) ("The Company") has been notified by Armen Energy Corp., the project operator, that they have successfully completed the first well, named "1B McKinney." The Pecan Gap Zone has now been perforated, fractured, and is producing oil to tanks. Armen has indicated that it will begin an "Initial Production Test" over the next few days.
eTelcharge.com Adds Former President of CompUSA PC, Rob Howe, To Advisory Board
DESOTO, Texas, Aug. 4, 2004 (PRIMEZONE) -- eTelcharge.com (Pink Sheets:ETLC) announced today that former President of CompUSA PC, Rob Howe has joined its advisory board. "Rob Howe has created an outstanding legacy of implementing and executing effective growth strategies in public companies involving the use of e-commerce," said President & CEO, Carl O. Sherman. "Rob's rare combination of direct experience in developing and overseeing large-scale sales and marketing enterprises over the last 20 years, and, most importantly, his passion for creating corporate value will be extremely beneficial to eTelcharge.com," said Sherman.