latest news releases from the newsroom
Coastal Holdings, Inc.
Coastal Holdings, Inc. Announces Receipt of Vetdermal Systems Limited Shares
HOUSTON, Sept. 15, 2004 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) today announced that it has received 1,813 shares of Vetdermal Systems Limited (VDS), Registered in England. These shares represent the first installment of CSJJ's $2M investment program to purchase a major equity interest in VDS. CSJJ is proud to be a major investor in VDS, whose business strategy is to become the leader in the development of specialty transdermal formulations of drugs. CEO Andrea Cortellazzi stated: "This is a significant milestone for CSJJ and instantly transforms us into a viable and profitable technology holding company. VDS has tremendous potential in the multi-billion dollar pharmaceutical market and we are excited to own a major stake in it." Further information on the growth and accomplishments of VDS will be released in the near future.
Mobile Reach International Inc.
Mobile Reach Technologies Signs Joint Development Agreement For RIM BlackBerry Product
CARY, N.C., Sept. 15, 2004 (PRIMEZONE) -- Mobile Reach International Inc. (OTCBB:MBRI) announced today that its subsidiary, Mobile Reach Technologies, has signed a Joint Development Agreement with Shamrock IP Holdings, based in Raleigh, N.C. Together the companies will focus on bringing to market the next generation of mobile solutions designed to support the growing number of business users who depend on devices such as RIM BlackBerry for instant access to enterprise information.
Associated Grocers Celebrates 70th Anniversary
SEATTLE, Sept. 15, 2004 (PRIMEZONE) -- On Friday, September 17, Associated Grocers, Incorporated marks its 70th Anniversary. Since its founding in 1934, AG has been a leading player in the region's grocery industry. AG's yearlong anniversary celebration will recognize the independent retailers, team members and vendor partners who have contributed to the success of the company and the communities they serve. Currently employing over 800 people at its South Seattle, Renton and Clackamas facilities, AG boasts a customer list that includes: Alaska Commercial Company, Brown & Cole, Central Market, Fuller's, Haggen, Larry's Markets, Market Place, Metropolitan Markets, Neighborhood Market, Pay-Less Supermarkets, Red Apple Markets, Roth's, Thriftway, Zupan's Markets, and many others.
ADVA Optical Networking
ADVA Optical Networking Teams with IBM to Win R&D 100 Award
MARTINSRIED/MUNICH, Germany, Sept. 15, 2004 (PRIMEZONE) -- ADVA's FSP 2000 -- delivering unmatched support for IBM GDPS storage applications -- is recognized as one of the 100 most technologically significant new products in 2003Martinsried/Munich, Germany; Mahwah/New Jersey. September 15, 2004. ADVA Optical Networking today announced that its Fiber Service Platform (FSP) 2000 system has earned the R&D 100 Award. For the 42nd consecutive year, editors of R&D Magazine (previously Industrial Research) identified "the 100 most technologically significant new products." Previous winners have included High Definition TV (HDTV) in 1998, liquid crystal display in 1980, fax machine in 1975, and flashcube in 1965. ADVA's FSP 2000 was recognized this year for its unmatched support of IBM Corporation's Geographically Dispersed Parallel Syplex (GDPS) storage applications.
Northrop Grumman Corp.
Northrop Grumman Achieves Key Risk-Reduction Milestone for Unmanned Rotorcraft Program
SAN DIEGO, Sept. 15, 2004 (PRIMEZONE) -- During recent flight tests, Northrop Grumman Corporation (NYSE:NOC) successfully demonstrated key elements of the Unmanned Combat Armed Rotorcraft (UCAR)'s autonomous vehicle management system, evaluating hardware and software that will allow the UCAR system to operate autonomously but in cooperation with manned and unmanned teams. The vehicle management system serves as the rotorcraft's functional "brain."