latest news releases from the newsroom
American Energy Production Inc.
American Energy Production Inc. Purchases Producing Oil Lease in Fisher County, Texas
SAN ANTONIO, July 14, 2003 (PRIMEZONE) -- American Energy Production Inc. (OTCBB:AMEP) announced today the Company has reached an agreement to purchase a producing oil lease in Fisher County, Texas. The Company plans to re-work and stimulate the producing oil well on the lease to increase oil production to maximum potential. American Energy Production Inc. will take possession of the oil lease Tuesday, July 15, 2003. This oil well will immediately create income for the Company.
LifePoint Receives Initial $2 Million in a Private Placement
ONTARIO, Calif., July 14, 2003 (PRIMEZONE) -- LifePoint, Inc. (AMEX:LFP), a leader in non-invasive drug and alcohol diagnostic technologies and solutions, today announced the initial closing of an equity private placement of Series D Preferred Stock and warrants. Several large funds, including the lead investor, BayStar Capital, participated in the private placement. Gross proceeds to LifePoint in this first closing were approximately $2 million. The investors in the private placement have also agreed to purchase an additional $6 million of Series D Preferred Stock and warrants at a second closing. Roth Capital Partners served as the placement agent for this offering.
Internet Growth Fund Changes Name to Foxby Corp.; Important Notice Regarding Change in Investment Policy
NEW YORK, July 14, 2003 (PRIMEZONE) -- Internet Growth Fund, Inc. today announced that its name has changed to Foxby Corp., effective July 14, 2003. In this connection its symbol on the American Stock Exchange was changed to FXX (formerly FND) and its CUSIP was changed to 351645106 (formerly 46062H 100). As a result, the Fund's non-fundamental investment policy that so long as the word "Internet" is included in its name, the Fund will, under normal market conditions, seek to achieve its investment objective by investing 80% of its total assets in benefit by, or are otherwise involved in the Internet, will be discontinued in 60 days.
GulfMark Offshore, Inc.
GulfMark Offshore, Inc. Announces 2nd Quarter 2003 Earnings Release Date and Conference Call Information
HOUSTON, July 14, 2003 (PRIMEZONE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) today announced plans to report earnings for the second quarter and six months ended June 30, 2003, after the market close on Wednesday, July 30, 2003. The Company will conduct a conference call at 2:00 p.m. EDT on Thursday, July 31, 2003, to discuss the results with analysts, investors and other interested parties. Individuals who wish to participate in the conference call should dial (800) 450-0788 in the United States or (612) 332-0632 from outside the country.