latest news releases from the newsroom
Delta Air Lines, Inc.
Delta to Offer Customers Service to More Unique International Destinations in 2009
ATLANTA, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Delta Air Lines (NYSE:DAL) today announced it is adding 15 new international routes for summer 2009, including service to 12 destinations not flown by any other U.S. carrier. The addition of trans-Pacific, trans-Atlantic and African routes advances Delta's strategy of taking customers to more unique destinations across the globe and investing in underserved markets.
LBO Capital Corp.
LBO Capital and Weldmation Form Joint Venture
FARMINGTON HILLS, Mich., Nov. 12, 2008 (GLOBE NEWSWIRE) -- LBO Capital Corp. (Other OTC:LBOA), a Colorado corporation ("LBO Capital"), announced formation of a Joint Venture between its subsidiary, Global Tech International, Inc. ("Global Tech"), a Delaware corporation located in Fraser, Michigan, and Weldmation, Inc. ("Weldmation"), a privately owned Michigan corporation located in Madison Heights. Global Ventures Technology Group, LLC ("Global Ventures"), a Michigan limited liability company to be formed, will produce innovative industrial products including composite building construction materials, automotive components and complete high tech assembly systems.
Surge Global Energy, Inc.
Surge Global Enters Into Participation Agreement for Wyoming Deep Oil and Gas Well
SOLANA BEACH, Calif., Nov. 12, 2008 (GLOBE NEWSWIRE) -- Surge Global Energy, Inc. (OTCBB:SRGG) is pleased to announce that it's wholly owned subsidiary, Surge Energy Resources, Inc., has entered into a participation agreement with Delaphin Energy Resources III, LLC to participate in the drilling of the Qualmay 12-42 well, a 7,250 foot deep oil & gas well on 40 acres of land in Park County, Wyoming to test the Mid-Frontier formation. This well will be drilled in the prolific Bearcat Field discovered in 1979 which has produced over 1,000,000 barrels of oil from a lower zone. Surge Energy Resources will pay approximately $220,000 for drilling and acreage related costs and an estimated $200,000 for completion costs, if warranted, for a 25% working interest until payout at which time Surge's interest will be 15% for the life of the well. Also acquired in this transaction were future rights to participate in drilling three additional wells on 520 acres of land on the same terms and conditions as the Qualmay #12-42.
Milberg LLP Continues Its Investigation On Behalf of Certain Investors of Spectranetics Corporation
NEW YORK, Nov. 12, 2008 (GLOBE NEWSWIRE) -- The law firm of Milberg LLP (http://www.milberg.com) is continuing to investigate potential conduct allegedly involving The Spectranetics Corporation ("Spectranetics") (Nasdaq:SPNC) certain of its officers and/or directors which took place from approximately February 2007 to September 2008. This alleged misconduct involved, among other things, the improper promotion of Spectranetics products and the products of others; the improper payment of persons involved in two prior post-market studies of important Spectranetics' products; and the improper receipt of parts for its products in violation of customs laws. Spectranetics reportedly develops, manufactures, markets, and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system for use with Spectranetics' excimer laser system.