latest news releases from the newsroom
Karma Media Inc.
Karma Media To Launch Nationwide TV Advertising Campaign
LOS ANGELES, Dec. 18, 2003 (PRIMEZONE) -- Karma Media, Inc., (OTCBB:KRMA), an innovative Internet marketing firm serving companies that market products online while returning a portion of its revenues to its charity partners, announced today that its chairperson, Estelle Reyna, will be featured in a thirty second television commercial airing on First Business, the leading nationally syndicated morning business program. The spots are scheduled to appear Monday, January 5, 2004 through Friday, January 30, for a total of twenty airings. First Business airs just before the stock market opens in one hundred and eleven markets nationwide.
Sciax Technology, Inc.
Correction -- Ugomedia Interactive Secures Financing Package of up to $3.125 million
BAY CITY, Mich. and TORONTO, Dec. 18, 2003 (PRIMEZONE) -- Ugomedia Interactive Corp. (name change to Sciax Corporation pending) (OTCBB:UGMIE) is pleased to announce the execution of an agreement with Sapos Investments Inc. for equity based financing of up to an aggregate of $3,125,000 against private issuance of common stock over the next 12 months as per the Company's financing needs and schedule. Shares will be issued without registration thus being restricted securities as defined by the Federal Securities laws.
ViroPharma Announces Advancements In Its Hemorrhagic Fever Virus Biodefense Program
EXTON, Pa., Dec. 18, 2003 (PRIMEZONE) -- ViroPharma incorporated (Nasdaq:VPHM) today announced that it has discovered antiviral compounds active against a group of potential bioterrorism viruses called hemorrhagic fever viruses. Specifically, several series of compounds from ViroPharma's chemical library have been identified that have potent antiviral activity in laboratory tests against the group of viruses called the New World arenaviruses. These viruses are classified as "Category A viruses" by the National Institutes of Health (NIH) and Centers for Disease Control and Prevention (CDC), and represent the most serious of the bioterrorism threat agents. New World Arenairuses cause diseases such as Argentine, Bolivian and Venezuelan hemorrhagic fevers. Scientists at the U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID), one of ViroPharma's collaborators on this project, confirmed the activity of the company's compounds in experiments conducted in their maximum biosecurity laboratories at Fort Detrick, Maryland.
Intrepid Technology and Resources, Inc.
Intrepid Technology Names Senior Executive to Biogas Position
IDAHO FALLS, Idaho, Dec. 18, 2003 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) a renewable energy company (OTCBB:IESV) announced that their board of directors has approved the appointment of Brad Frazee to the newly created position of Vice President of the Bio fuels division at their quarterly board meeting held December 12, 2003. Mr. Frazee holds a B.S. degree in Chemical Engineering from Montana State University and brings 20 years of project and operations experience to the position. Mr. Frazee has been instrumental in bringing major chemical and nuclear systems through construction and into production. His previous management and operational positions with Westinghouse, Lockheed Martin, and Bechtel, combined with this chemical engineering expertise complement ITR's biogas, bio-diesel and ethanol operations. Dr. Dennis Keiser in making the announcement remarked about the talent and dedication Mr. Frazee has demonstrated towards ITR and it's shareholders. Mr. Frazee's appointment highlights ITR's commitment to the "Green Technology" of biogas, bio-diesel and ethanol production.
NutraCea Announces Record Weekly Sales
EL DORADO HILLS, Calif. , Dec. 18, 2003 (PRIMEZONE) -- NutraCea (OTCBB:NTRZ), a leading nutraceutical research and development company, announced today that its sales skyrocketed last week after the company was featured in the Sacramento Bee last Sunday.
Tornet's managing director to leave the company
STOCKHOLM, Sweden, Dec. 18, 2003 (PRIMEZONE) -- Sverker Lerheden has decided to invoke the Change of Control clause included in his contract of employment with Tornet and will accordingly resign as managing director of Fastighets AB Tornet on 31 March 2004. Tornet's board of directors is holding discussions with Sverker Lerheden on the forms for his possible continued participation in the company.
H & M Hennes & Mauritz
Agreement between H&M and Union Network International
STOCKHOLM, Sweden, Dec. 18, 2003 (PRIMEZONE) -- H & M Hennes & Mauritz AB, the multinational retail company with about 950 stores in 18 countries and 40,000 employees, and the international union UNI, Union Network International, with 15 million members in 900 affiliated unions in 140 countries, have negotiated an agreement to work together to secure and promote fundamental worker's rights at all H&M's workplaces worldwide.