latest news releases from the newsroom
United States Crude International
U.S. Crude International Signs Agreement with Marketing Company
REDLANDS, Calif., Nov. 16, 2004 (PRIMEZONE) -- United States Crude International Inc. (Pink Sheets:USCI) today announced that the Company has completed negotiations and finalized an exclusive agreement with a marketing company to have its TM Steam Generator Technology marketed in Saudi Arabia, Kuwait and the Philippines. USCI will receive 49% of the revenue generated through this marketing agreement. U.S. Crude International is also still in negotiations with other marketing companies interested in marketing the TM technology in domestic and international markets.
A. L. Hansen Mfg. Co.
A. L. Hansen Manufacturing Co. Unveils Revolutionary New Jet Rack Ladder Racking System at 2004 SEMA Show in Las Vegas
WAUKEGAN, Ill., Nov. 16, 2004 (PRIMEZONE) -- A. L. Hansen Mfg. Co. recently unveiled the revolutionary new Jet Rack(tm) ladder racking system at this year's SEMA show in Las Vegas. The Jet Rack(tm) system features an innovative, compact and modular design that combines speed, flexibility, and value that no other interior ladder racking system offers. The modular design allows the Jet Rack(tm) system to conveniently be displayed on any retail shelf and accommodate essentially any size ladder and application. The Jet Rack(tm) system is designed for use in truck caps, vans, open frame trucks, storage rooms, garages and sheds. Virtually any storage area that will benefit from organization and extra space will benefit from the Jet Rack(tm) system.
Keystone Automotive Industries
Keystone Automotive Acquires Chambers Parts Distributors of Maine
POMONA, Calif., Nov. 16, 2004 (PRIMEZONE) -- Keystone Automotive Industries, Inc. (NASDAQ:KEYS) today announced that it has acquired Chambers Parts Distributors, headquartered in Manchester, Maine. In addition to Manchester, Chambers operates out of facilities in Bangor and Portland, Maine. Chambers recorded sales of approximately $5.0 million in 2003. Terms of the transaction were not disclosed.
Thinkpath Settles Lawsuit
TORONTO, Nov. 16, 2004 (PRIMEZONE) -- Thinkpath Inc. (OTCBB:THTHF) announced today that it has successfully negotiated and consummated a settlement of all litigation with its previous landlord, SITQ. Terms involved a one-time cash payment of $250,000 and forgiveness of approximately $500,000 in accrued rent payable and cancellation of $4.5 million in future rent claims and damages.
Sandvik concludes agreement with Accenture on outsourcing of HR services
SANDVIKEN, Sweden, Nov. 16, 2004 (PRIMEZONE) -- Sandvik has concluded an agreement with Accenture covering outsourcing of parts of human resources (HR) administration. The agreement is for ten years and in a first phase includes the US, Finland and Sweden. It is the partners' intention to also include France, Germany, the UK, South Africa, India and Australia in a later phase of the process.