latest news releases from the newsroom
Carsem Announces Sales Group Reorganization
SCOTTS VALLEY, Calif., March 7, 2006 (PRIMEZONE) -- Carsem, a leading provider of turnkey packaging and test services to the semiconductor industry announced today that Mr. Rick Flowers has been promoted to VP of Worldwide Sales and Marketing. Mr. Flowers will be based in Malaysia and will be assuming the responsibilities previously held by Mr. N.F. Lee, who has announced his retirement, effective the end of June, having been with Carsem for 28 years.
Sun New Media Inc.
Sun New Media Completes Additional Financing
DIAMOND BAR, Calif., March 7, 2006 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced that it has completed an additional financing with Barron Partners LLP of New York. In connection with the financing, the Company raised gross proceeds of approximately $2 million. The Company issued 50,000 shares of Common Stock and a $1,898,000 note convertible into common stock. The Company also issued warrants for the purchase of an aggregate of 4 million shares of Common Stock at an exercise price of $2.10 per share. Subject to certain conditions, the Company has the right to call for the conversion of the notes and the exercise of the warrants if the Company's average stock price over a thirty-day period is above specified prices. The Company intends to use the proceeds for general corporate purposes.
Chartwell Best Practice Award to Recognize Excellence in Serving Mid-Size Business Customers
ATLANTA, March 7, 2006 (PRIMEZONE) -- Utilities will finally be recognized for their efforts in serving an important customer segment, but one which traditionally has garnered little attention. The Chartwell Fostering Relationships with Mid-Size Businesses Best Practices Award 2006 will honor the most innovative utility customer service, marketing, sales and/or communications initiatives aimed at building goodwill, improving customer satisfaction and increasing loyalty among mid-size business customers.