latest news releases from the newsroom
ZTE and Bitfone Partner to Deliver an Enhanced Mobile Experience
LAGUNA NIGUEL, Calif., July 10, 2006 (PRIMEZONE) -- Bitfone Corporation (www.bitfone.com), a pioneer and a patent holder of firmware over-the-air (FOTA) update technology for mobile phones, today announced that ZTE Corporation, China's largest listed domestic telecom equipment supplier and the fastest growing global provider of telecommunications equipment and network solutions, has selected Bitfone's Device Management Client Suite to fulfill its device requirements from domestic operators, such as China Mobile, and operators worldwide.
SimpleTech Board Approves $10 Million Stock Repurchase Program
SANTA ANA, Calif., July 10, 2006 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, developer, manufacturer and marketer of custom and open-standard memory solutions based on Flash memory and DRAM technologies, and external storage solutions, today announced that its board of directors has authorized the company to repurchase up to $10 million of its common stock over an 18-month period commencing two business days following its earnings announcement of its financial results for the second quarter of 2006.
BandTel and AudioCodes Team to Market Bundled VoIP Solution
NEWPORT BEACH, Calif., July 10, 2006 (PRIMEZONE) -- BandTel, a leading global provider of next-generation VoIP termination to the PSTN for high volume telecom users such as Call Centers, Enterprise users, Teleconferencing Companies and Internet Voice Response (IVR) users, and AudioCodes, a leading provider of voice network products and Voice over Packet (VoP) technologies, announced today they have entered into a partnership. BandTel will combine its robust VoIP network with AudioCodes's high performance gateways. At the same time, the companies will also develop a joint sales and marketing program aimed at resellers who want to take advantage of the cost benefits associated with offering a high performance Voice over Internet Protocol (VoIP) solution.
EMS Technologies, Inc.
EMS Technologies Revises Guidance for Fiscal 2006
ATLANTA, July 10, 2006 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today revised its earnings guidance for the full year, 2006. The previously announced earnings target of $.96 to $1.06 per share in 2006 was revised to $.70 to $.80 per share as a result of developing uncertainty over the timing of orders at the Company's EMS Wireless division.
Universal Capital Management, Inc.
Universal Capital Management Announces the Commencement of Trading in One of Its Portfolio Companies
WILMINGTON, Del., July 10, 2006 (PRIMEZONE) -- Universal Capital Management, Inc., (OTCBB:UCMT), a business development company which provides emerging growth companies with management and strategic resources for successful growth, announced the beginning of the trading of shares of the common stock of another of its portfolio companies, Theater Xtreme Entertainment Group, Inc. Theater Xtreme will trade under the symbol (OTCBB:TXEG).