latest news releases from the newsroom
CashEdge Expands Risk Management Services
NEW YORK, Sept. 19, 2005 (PRIMEZONE) -- CashEdge, the leading provider of online financial applications, today announced that it has expanded its risk management services, which provide risk management and assumption options for all transactions associated with the Company's TransferNow and FundNow products. With three levels of risk management options to choose from, financial institutions can provide online account funding and funds transfer services to their customers and utilize a level of support best aligned with internal capabilities and resources.
ADVA Optical Networking
ADVA Optical Networking Named Preferred Optical Vendor by The Quilt
MAHWAH, N.J. and MARTINSRIED/MUNICH, Germany, Sept. 19, 2005 (PRIMEZONE) -- ADVA Optical Networking (Frankfurt:ADV) (Other OTC:ADVOF) today announced it has been accepted as a preferred vendor of optical networking equipment in The Quilt's Vendor Information Exchange (VIX) program. The Quilt is a U.S.-based coalition of advanced regional networking organizations in the research and education sectors.
Satelinx International Inc.
Satelinx Announces New President and CEO
MONTREAL, Sept. 19, 2005 (PRIMEZONE) -- Satelinx, a provider of satellite vehicle units that integrates GSM/GPS/GPRS wireless technologies, seeking to be recognized as a world leader, today announced the appointment of Robert Ireland in the position of President and Chief Executive Officer. "The appointment of Robert Ireland as our President and CEO is another major milestone in the company's history," said Satelinx Chairman Sam Grinfeld.
Toyota Infringement of Antonov Hybrid Technology Patents Alleged
ROTTERDAM, The Netherlands, Sept. 19, 2005 (PRIMEZONE) -- An infringement action has been filed against Toyota by Antonov Automotive Technology BV (a wholly owned subsidiary of Antonov plc), the automotive technology company, at the Patent Court in Dusseldorf alleging infringement of its patents by the driveline of the Toyota Prius and Lexus RX400h. The case will receive its first hearing on the 22nd September 2005. The action was originally filed on the 12th April 2005, but the first hearing date was postponed to allow more time for negotiations to seek a satisfactory settlement. As the offer received is not satisfactory, no settlement has been reached and Antonov will proceed with the case. Through the case Antonov aims to establish the infringement and seek fair payment for the use of Antonov's intellectual property in all relevant vehicles sold to date and for those that will be sold through to the expiry of the patents.Antonov CEO, John Moore commented, "Whilst we would have preferred to reach a mutually acceptable outcome with Toyota without recourse to the courts, I am confident in the strength of our case. The strategy of pursuing the initial case in Germany ensures we can obtain a binding legal opinion at a cost that does not impact on our ability to pursue our other strategic goals."
Electronic Control Security Inc.
ECSI Reports a Record $6,000,000 in Sales
CLIFTON, N.J., Sept. 19, 2005 (PRIMEZONE) -- Electronic Control Security Inc. (OTCBB:EKCS) a leading manufacturer of perimeter security solutions for the Department of Defense (DoD), the Department of Energy (DoE) and nuclear power stations, today announced financial results for Fiscal 2005 ending June 30, 2005.
ShopAz.com Names Business of The Week
SCOTTSDALE, Ariz, Sept. 19, 2005 (PRIMEZONE) -- ShopAz.com has picked Handyman Network as Business of the Week. The company provides what its name implies, a full range of work around the home, including building, installation, repair or improvement.
ActiveCore Technologies, Inc.
ActiveCore Division Poised for Record Quarter
TORONTO, Sept. 19, 2005 (PRIMEZONE) -- ActiveCore Technologies, Inc. (OTCBB:ATVE) announced today that ActiveCast (http://www.activecore.com/activecast), part of its Corporate Disclosure and Messaging (CDM) division, has signed a strategic partnership agreement to provide dedicated communications services to Integrated Media Cooperative (IMC).