latest news releases from the newsroom
Tamarack Ventures Acquires VoIP Exchange; Changes Name to IPEX, Inc.
SAN DIEGO, May 4, 2005 (PRIMEZONE) -- IPEX, Inc. (OTCBB:IPEX) announced today that on March 17, 2005, Tamarack Ventures acquired all of the outstanding equity stock of Administration for International Credit and Investment, Inc. ("AICI"), through a merger of AICI into a wholly owned subsidiary of Tamarack Ventures. As consideration for the acquisition of AICI, the Company issued 21,875,566 shares of the Company's common stock to the former shareholders of AICI. In addition, certain shareholders of the Company cancelled an aggregate of 3,500,000 outstanding shares of the Company's common stock, and such shares were returned to the Company's treasury stock. In connection with the acquisition of AICI, the Company changed its fiscal year from July 31 to December 31. On March 23, 2005, the Company changed its name to IPEX, Inc. and effective March 29, 2005, the Company's quotation symbol on the OTC Bulletin Board changed from TMKV.OB to IPEX.OB. Further details of the transaction may be found in the Company's current report on Form 8-K, filed with the SEC on March 22, 2005.
Cipher Holding Corp
Cipher Holding Corp. Closes Transaction with IMAGIN Diagnostics Centres Corp.
OAK BROOK, Ill., May 4, 2005 (PRIMEZONE) -- Cipher Holding Corp. (OTCBB:CIHR) announced today that it has successfully acquired a secured convertible debt position in Positron Corporation (OTCBB:POSC). Positron is a US-based, publicly traded manufacturer of Positron Emission Tomography (PET) scanners from IMAGIN Diagnostics Centres, Inc., a Canadian Corporation. As a result of this acquisition, Cipher Holding has issued 30 million common shares from its treasury. Cipher holds a Convertible Debt position that converts into an excess of 50% ownership of Positron Corporation and may be deemed a control holder of Positron when conversion of the debt position into Positron common shares occurs.
Franchise Capital Corporation
Franchise Capital Corporation CEO Interviewed by WallSt.net
PHOENIX, May 4, 2005 (PRIMEZONE) -- Franchise Capital Corporation (OTCBB:FCCN) today announced that chief executive officer Bradford Miller has participated in an interview with WallSt.net in which he discussed recent milestones reached by the company's portfolio investments and market activity potentially affecting the company's stock. The interview will be added to the WallSt.net website, www.wallst.net, in the coming days.
Labaton Sucharow LLP
Investor Alert: Shareholders Who Seek To Recover Losses In Imergent Inc., Securities - May 9, 2005, Is The Last Day To Submit Certification In Class Action
NEW YORK, May 4, 2005 (PRIMEZONE) -- Goodkind Labaton Rudoff & Sucharow LLP reminds investors seeking to recover losses in Imergent Inc. securities that the last day to join the class action is May 9, 2005. A class action securities fraud lawsuit has been filed by Goodkind Labaton Rudoff & Sucharow LLP in the United States District Court for the District of Utah, on behalf of persons who purchased or otherwise acquired the publicly traded securities of iMergent Inc. ("iMergent" or the "Company") (AMEX:IIG) between November 30, 2004 and February 25, 2005, inclusive, (the "Class Period"). The lawsuit was filed against iMergent, Brandon B. Lewis, Robert M. Lewis, Donald L. Danks, David L. Rosenvall, David T. Wise, Peter Fredericks, and Thomas Scheiner ("Defendants"). The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
Marine Jet Technology Corp.
Marine Jet Technology Corp. Announces Strong Revenues For Antik Denim, LLC High End Fashion Subsidiary
LOS ANGELES, May 4, 2005 (PRIMEZONE) -- Marine Jet Technology Corp. (OTCBB:MJET) ("Marine") the corporate parent of Antik Denim, which designs, develops, manufactures, markets, distributes and sells high end fashion jeans, apparel and accessories with a western flair that are sold in department stores and boutiques such as Saks Fifth Avenue, Neiman Marcus Stores and Bergdorf Goodman, Nordstrom, Macy's East and Bloomingdale's, Barney's, Planet Blue, Atrium, Fred Segal, Intermix, and Lulu's, today announced it anticipates net sales for its Antik Denim subsidiary of approximately $4.4 million in the quarter ended March 31, 2005, and pre-tax income of between $1.05 million and $1.20 million in the same period.