latest news releases from the newsroom
Medical International Technology, Inc.
Medical International Technology Inc. Closes Private Placement Financings
DENVER, Dec. 8, 2005 (PRIMEZONE) -- Medical International Technology Inc. (OTCBB:MDLH) announces that it has closed on two previously reported financings. The private placement reported on November 14 consisted of 2,000,000 units at a price of $0.25 per unit for an aggregate investment of $500,000. Each unit includes a Series A warrant for 2,000,000 shares at a price of $0.75 per share and a Series B warrant for 2,000,000 shares at a price of $1.00 per share.
Superior Development Group, Inc.
Superior Development Group, Inc. Announces Plans to Become a Fully Reporting Company
CLARKSDALE, Miss., Dec. 8, 2005 (PRIMEZONE) -- Superior Development Group, Inc., (Pink Sheets:SDVG), a Mississippi-based provider of affordable housing, announced today that the Company has begun the process of interviewing SEC qualified legal and accounting firms in preparation of the Company filing a Form 10-SB with the SEC to become a fully reporting public company under the provisions of Section 12(g) of the Securities and Exchange Act of 1934, as amended and or the filing of Form 211 along with its audited financial statements with NASD to be listed on the OTCBB.
China-AsiaStocks.com Presents 'The Insiders Corner' by Michael Brush, Weekly Financial Columnist - 'Let Insiders Show the Way to Profits from Chinese Growth'
POINT ROBERTS, Wash., Dec. 8, 2005 (PRIMEZONE) -- China-AsiaStocks.com (CAS), an investor and industry news portal for the China-Asia sector, is pleased to present The Insiders Corner, written by Michael Brush, weekly CNBC and MSN Money columnist, on the opportunities within China's growing economy. The column highlights insider buying activity by China Automotive Systems, a manufacturer of car parts and currently the second-largest supplier of power steering components and systems to the Chinese car makers. Brush also highlights recent activities from Trio-Tech International, a chip testing company that is shifting operations around the globe to take advantage of affordable labor costs in China.
United Online, Inc.
Just in Time for Holiday Gift Giving, NetZero Announces eBay Auction of 10 NetZero Voice 'Long Distance for Life' Accounts
WOODLAND HILLS, Calif., Dec. 8, 2005 (PRIMEZONE) -- Just in time for the holidays, United Online, (Nasdaq:UNTD), a leading provider of consumer Internet subscription services, announced that it is auctioning off 10 specially-created NetZero Voice "Long Distance for Life" accounts on eBay(r) starting today, with all proceeds going to Ronald McDonald House Charities(r). The ultimate gift for those with the gift of gab, these accounts will provide free NetZero Voice-over-Internet Protocol (VoIP) Internet phone calling to anyone, anytime, anywhere in the world for life. The auction starts today, Thursday, December 8th (8:00 am Pacific), and ends on Saturday, December 17th (8:00 AM Pacific). The minimum opening bid price for this unique gift will start at $50.00. To bid in the auction, go to the NetZero Voice auction page on www.ebay.com.
New Life Scientific Inc.
Spelman Research Initiates Positive Coverage on New Life Scientific
FREEHOLD, N.J., Dec. 8, 2005 (PRIMEZONE) -- New Life Scientific, Inc. (OTCBB:NWLF) announced today that a speculative buy rating has been issued by Spelman Research, an investment research firm. Quoting from the report, Stelian Mitu, MBA, CFA, stated, "We initiated coverage on NWLF believing that the company has now an interesting portfolio of drug development projects, clinical trial capabilities and good access to stem cells research expertise, and assigned a Speculative Buy rating to the company. We believe there is a fair chance that despite the highly speculative nature, NWLF could be the next Genentech if NWLF gets adequate financing and if stem cells research projects materialize into effective treatments as NWLF owns a CRO division that already started to produce revenues, we believe NWLF is in a better position than most of its development-state peers researching stem cells." The 53 page report is available online at www.spelmanresearch.com.