latest news releases from the newsroom
R Wireless, Inc.
R Wireless Inc. Announces Subsidiary's Agreement to Merge
LAS VEGAS, March 30, 2005 (PRIMEZONE) -- R Wireless, Inc. (Pink Sheets:RWLS) is pleased to announce that its subsidiary, Homes by Owners, Inc., has agreed to merge with Freedom Homes, Inc. The agreement, dated March 25, 2005, is between Freedom Homes; Homes by Owners; Jim Evans, who owns all the outstanding stock of Freedom Homes; R Wireless, Inc., which owns 95% of the outstanding stock of Homes By Owners, and Robert S. Wilson, who owns 5% of the outstanding stock of Homes By Owners. All parties to the agreement have agreed to merge Freedom Homes into Homes By Owners in a statutory merger under Georgia law, which will qualify as a tax-free reorganization for Federal and Georgia tax purposes. The resulting corporation will be named Freedom Homes, Inc.
Los Angeles Police Protective League
Law Enforcement Radio Ads Shine the Light of Truth on Pension Fight
LOS ANGELES, March 30, 2005 (PRIMEZONE) -- Shining the truth on Governor Schwarzenegger's dangerous pension proposal, the public safety community is banding together to bring their fight to the airwaves. In a significant radio buy, the Los Angeles Police Protective League will run a series of radio ads to communicate the devastating reality of the pension initiative to Southern California voters. Separate ads, paid for by California Families against Privatizing Retirement (CFAPR), are already airing in the Central Valley.
LMIC Announces First Purchase Order from GSR Mobile to Provide Cell Phones
BELTSVILLE, Md., March 30, 2005 (PRIMEZONE) -- LMIC (OTCBB:LMII), an automated electronics manufacturing services company, announced here today that it has received a purchase order to provide mobile phones and accessories valued at $2.5 million, to GSR Mobile, a prepaid cell phone provider in the United States. This order, directly from GSR Mobile, is part of the $50 million agreement with Aldeburgh LLC, a technology distribution company, to exclusively use LMIC to supply GSR Mobile with cell phones and accessories over a two-year period first announced on January 26th, 2005.