latest news releases from the newsroom
FindProfit.com Reviews `Five Must-Own Bargain Stock' Holdings
PRINCETON, N.J., April 8, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced today that it has provided to trial and paid subscribers its latest investment research and analysis into its "Five Must-Own Bargain Stocks for 2003!" Two of FindProfit's "Must-Own Bargain Stocks" include UnitedGlobalCom (Nasdaq:UCOMA) and TMP Worldwide (Nasdaq:TMPW).
Sonoran Energy, Inc.
Sonoran Energy Begins Production on Glide Property -- Revenue To Commence
LOS ANGELES, April 8, 2003 (PRIMEZONE) -- Sonoran Energy, Inc. (OTCBB:SNRN) announced today that the Company, in cooperation with its operating partner Longbow LLC, has successfully reactivated eight of the 12 wells on its Emjayco Glide #33 Property and has started production. The Company also anticipates reactivating the additional four wells over the next 60 to 90 days. The wells were all part of Sonoran's acquisition of the Glide property in December 2002.
NetSol Technologies Inc.
NetSol Technologies, Inc. Receives a New Contract from DaimlerChrysler Leasing in Thailand for its LeaseSoft.CAP Middleware Product
CALABASAS, Calif., April 8, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that it has signed a new agreement with DaimlerChrysler Leasing (DCL) Thailand, Ltd. to implement NetSol's LeaseSoft.CAP (Credit Application Processing) middleware product. A customer since 1998, DCL Thailand is currently using the company's LeaseSoft.WFS (Wholesale Finance System) software product. LeaseSoft.CAP has been successfully implemented at DaimlerChrysler Services in Australia and Tung Yang Leasing Company in Taiwan, and is currently being implemented at UMP (Singapore). NetSol's finance application products range in price from $150,000 to $500,000.
Altair Nanotechnologies Inc.
Altair Nanotechnologies Completes Phase One Pigment Contract for Asia Pacific Company
RENO, Nev., April 8, 2003 (PRIMEZONE) -- Altair Nanotechnologies Inc. (Nasdaq:ALTI) announced today that it has successfully completed phase I development and has produced phase pure rutile titanium dioxide (TiO2) entirely from ilmenite concentrates provided by a materials company in the Asia Pacific region. The pigment was produced for that company as part of their development agreement with Altair. The capability is important to companies within the pigment industry as Altair's process takes readily available, inexpensive feedstock and, with its patented process, economically produces phase pure titanium dioxide pigment without the need of expensive intermediate upgrade technologies that include slagging or synthetic rutile production. This effectively reduces the operating cost for the AHPP by roughly US$150-200 per metric ton.
NetSol Technologies Inc.
NetSol Technologies, Inc. Secures $1 Million Line of Credit
CALABASAS, Calif., April 8, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that it has secured a $1 million revolving line of credit from United Kingdom-based DCD Trade Services Ltd, a subsidiary of DCD Holdings Ltd. In February 2003 DCD Holdings signed a $2.0 million investment agreement of which NetSol has already received approximately $260,000. DCD Holdings, one of NetSol's largest investors, has worldwide representation and manages investments of approximately $650 million.
Custos' Board of Directors Proposes Redemption of Every Fourth Share in Custos in Exchange for a Payment of SEK 200 Per Share Redeemed
STOCKHOLM, Sweden, April 8, 2003 (PRIMEZONE) -- Custo's (Other OTC:CUSTF) Board of Directors decided today to call an Extraordinary General Meeting at 10 a.m. on May 7, 2003, in SalenHuset to approve a resolution offering the Company's shareholders the right to redeem every fourth share in Custos in exchange for a payment of SEK 200 per share redeemed. The total value of the proposed redemption payment amounts to MSEK 370 and is equivalent to 32 percent of Custos' total net asset value. Custos' net asset value was SEK 158 per share and its market price was SEK 138,50 per share on March 31, 2003.