latest news releases from the newsroom
Universal Capital Management, Inc.
Universal Capital Management, Inc. Announces That PSI-TEC Holding Corporation Takes An Initial Step Toward Commercialization
WILMINGTON, Del., Aug. 28, 2006 (PRIMEZONE) -- Universal Capital Management, Inc. (OTCBB:UCMT), a Business Development Company which provides emerging growth companies with management and strategic resources for successful growth, announced today that one of its portfolio companies, PSI-TEC Holding Corp. (Pink Sheets:PTHO), established a co-location agreement with a New Jersey-based micro-optics company providing it with a base for the commercialization of its new waveguide devices.
NetManage Releases OnWeb for CICS
CUPERTINO, Calif., Aug. 28, 2006 (PRIMEZONE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, today introduced NetManage OnWeb for CICS, a software solution that transforms existing CICS (Customer Information Control System) data into standard XML for integration with other enterprise information systems or SOA initiatives. The new offering runs natively on the mainframe, providing more powerful, scalable and secure support for large enterprises looking to extend their CICS applications to new business users, such as partners and customers, while eliminating the expense of multiple proxy servers and host application re-engineering. OnWeb for CICS complements NetManage's comprehensive portfolio of integration solutions that can be used both individually or combined to enable companies to simply and cost-effectively leverage years of business logic without any change to the host system.
Timberline Resources Corporation
Timberline Resources Reports $2.54 Million in Quarterly Revenue
COEUR D'ALENE, Idaho, Aug. 28, 2006 (PRIMEZONE) -- Timberline Resources Corporation ("Timberline") (OTCBB:TBLC) today announced financial results for its fiscal third quarter, reporting revenues of $2.54 million. It was Timberline's first full fiscal quarter since acquiring its contract drilling subsidiary, Kettle Drilling, Inc. ("Kettle") earlier this year. For the quarter, Kettle achieved the highest sales figure ever recorded in its 10-year history and accounted for all of Timberline's revenue. Net of business investments, exploration work, and financing activities, Timberline reported a third quarter loss of $0.20 million.
VuBotics Completes $2.2 Million Private Placement to Accelerate Licensing Strategy
ATLANTA, Aug. 28, 2006 (PRIMEZONE) -- VuBotics, Inc. (OTCBB:VBTC), developer of VuIT(tm), a proprietary software application that sequentially delivers text for online, small screen and broadcast applications, today announced that it completed a private placement of common stock and warrants led by a group of institutional investors, for gross proceeds of $2.2 million. The net proceeds will be used for general working capital and to fund the company's expanded licensing program.
Dow Jones & Company
Dow Jones & Company to Explore Value-Creating Alternatives For Certain Ottaway Community Newspapers
NEW YORK, Aug. 28, 2006 (PRIMEZONE) -- Dow Jones & Company (NYSE:DJ) announced today that it is exploring value-creating alternatives for certain Ottaway community newspaper assets. Specifically, the Company is evaluating options for newspapers in six markets: Danbury, CT; Oneonta, NY; Plattsburg, NY; Santa Cruz, CA; Sunbury, PA; and Traverse City, MI. These options include cash sales and an exchange for other community newspapers. There can be no assurance that any transaction will take place or whether all of these newspapers would be involved. The purpose of the transaction would be to raise cash to repay debt and for investment in the Company's current businesses as well as utilize approximately $155 million of capital loss tax carry-forwards which expire at December 31, 2006. Additional details will be provided when and if actual transactions are entered into.
Shreveport Democrats Invited to Town Hall Meeting
SHREVEPORT, La., Aug. 28, 2006 (PRIMEZONE) -- Wednesday, August 30, 2006, at 6:00 PM Chester T. Kelley will host a "Town Hall Meeting" at Semolina Restaurant in Shreveport. Chester T. Kelley, Candidate for Congress, will be there to meet, listen to the concerns of, and share his vision with local Democrats.
Lantronix to Report Fourth Quarter and Fiscal Year End 2006 Financial Results on September 6 With Conference Call on September 7
IRVINE, Calif., Aug. 28, 2006 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX), a leader in device networking and data center management technologies, today announced that it will report financial results for the fourth quarter and fiscal year ended June 30, 2006 after the market closes on Wednesday, September 6, 2006. Management will conduct a conference call with simultaneous webcast on Thursday, September 7, 2006 at 10:00 a.m. Eastern time. President and Chief Executive Officer Marc Nussbaum and Chief Financial Officer Jim Kerrigan will discuss fourth quarter and fiscal 2006 results and the Company's outlook for fiscal 2007.
XsunX Looks to Tap Into U.S. Government's Solar America Initiative
ALISO VIEJO, Calif., Aug. 28, 2006 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), provider of technologies for solar energy infrastructure and developer of Power Glass(tm), an innovative thin-film solar technology that is intended to allow glass windows to produce electricity from the power of the sun, today announced that letters of intent submitted in July for project funding opportunities under the President's Advanced Energy Initiative have been cleared for formal grant submittal under the Technology Pathway Partnerships Phase 1 program to promote the commercialization of emerging technologies in thin film photovoltaics, manufacture, and systems integration.