latest news releases from the newsroom
VentureNet Capital Group, Inc.
VentureNet Capital Group, Inc. and Time Limit Capital, LLC Sign Million Dollar Financing Agreement
TEMECULA, Calif., Dec. 3, 2002 (PRIMEZONE) -- VentureNet Capital Group, Inc. (Pink Sheets:VNTN) today announced a signing of term sheet with Time Limit Capital, LLC, a Pennsylvania investment firm, for up to one million dollars to be used as working capital.
ManageSource Research, RIA
ManageSource Research Initiates Coverage of First American Scientific Corp. with a Speculative Buy Rating and Twelve-Month Price Target of $ 0.25 - $0.40
LOS ANGELES, Dec. 3, 2002 (PRIMEZONE) -- ManageSource Research announced today that it has initiated coverage of First American Scientific Corp. (OTCBB:FASC) with a Speculative Buy rating and a twelve-month target of $0.25 - $0.40, based on Discounted Forward Earnings Analysis. The Company is effectively in its final stages of development and product rollout is expected to be strong. The Company has aligned with high quality partners and provides a product that ManageSource feels has tremendous global potential in numerous markets ranging from forestry and agriculture, to utilities, waste and recycling. ManageSource feels the Company's recent sale of three KDS units to Vancouver Island Recycling Centres, Ltd. as reinforcement of the company's potential for strong sales and continued growth.
No Auditors' Criticism of Drott
STOCKHOLM, Sweden, Dec. 3, 2002 (PRIMEZONE) -- On behalf of the Annual General Meeting, Drott's (Stockholm:DROTa) auditors frequently review the company's finances and property management operations. This year their review has included the company's residential leasing policy, its adherence to that policy, leasing to employees and property sales to employees. The auditors' review is normally reported to the Board of Directors prior to the preparation of the year-end financial statements. Due to media reports, however, the Board of Directors wishes to immediately announce the results of the review of the above-mentioned issues.
Drott: Property Sale to Condominium Association
STOCKHOLM, Sweden, Dec. 3, 2002 (PRIMEZONE) -- Drott (Stockholm:DROTa) has sold a residential property in the Norrmalm section of Stockholm for SEK 72 million, or SEK 18,700 per square meter. The price, which is 24 percent higher than the property's market value as of December 31, 2001, corresponds to a direct yield of 4.3 percent.
NIRA and Enea Cooperate on Safety-Enhancing Functions for Motor Vehicles
TABY, Sweden, Dec. 3, 2002 (PRIMEZONE) -- NIRA Dynamics AB and Enea Epact AB (Other OTC:EDTDF) (Stockholm:ENEA) have begun cooperating in order to offer automotive manufacturers safety solutions for motor vehicles in the future. This cooperation involves functions that warn the driver of slippery road conditions and low tire pressure.
Recognition Group Experiences Fourth Quarter Expansion
NEW YORK, Dec. 3, 2002 (PRIMEZONE) -- New York-based corporate restructuring firm, Recognition Group, LLC, has seen substantial development during 4Q02. Announcements include the addition of two new partners, Juan Carlos Estevez and James D. Chard, the opening of an office based in Washington D.C., and the establishment of a strategic partnership with Odeon Capital Partners, L.P. Recently consummated Recognition Group engagements include a specialty financing for Mexican shipbuilding and pipeline development company, Protexa S.A. de C.V., sell-side M&A representation for business information publisher, Rising Tide Studios, LLC, and the liquidations of telecommunications services provider LogiMetrics, Inc. (Pink Sheets:LGMTA), and legal information processor LMG Corporation.
MadeToOrder.com, Inc. Secures $4 Million Dollars in Additional Funding
SANTA CLARA, Calif., Dec. 3, 2002 (PRIMEZONE) -- MadeToOrder.com(tm) Inc. (MadeToOrder), a leading provider of online and offline corporate branding solutions, today announced that it has received commitments for additional venture capital financing of over $4 million dollars. The funds will be used for working capital, business expansion, and new technology development. The round is being led by Alloy Ventures of Palo Alto, California.
Capital Research Group, Inc
TheSUBWAY.com Announces Its Morning Stock Focus List for Tuesday, December 3, 2002: GENZ, VRSN, ATML, VTSS, RMOO
WESTON, Fla., Dec. 3, 2002 (PRIMEZONE) -- TheSUBWAY.com announces the following Investment Opinions: