latest news releases from the newsroom
NetWorth Technologies, Inc.
Networth Technologies, Inc., Solution Technology International, Inc., and STI Acquisition Corp. entered into an Agreement and Plan of Merger
FT. LAUDERDALE, Fla., June 14, 2005 (PRIMEZONE) -- On May 19, 2005, Networth Technologies, Inc. (NTI) (the "Company"), Solution Technology International, Inc. ("STI") and STI Acquisition Corp., each a Delaware corporation, entered into an Agreement and Plan of Merger pursuant to which the Company will issue shares equal to 90% of its outstanding shares at the date of the merger for 100% of the outstanding shares of STI. As a result of the Agreement, the transaction will be treated for accounting purposes as a reverse merger by the accounting acquirer (STI). The transaction is supported by a $12M financing commitment by Cornell Capital Partners in the form of a Standby Equity Distribution Agreement.
World Golf League, Inc.
WGL Plans Corporate Promotions With $1 Million Shootout
ORLANDO, Fla., June 14, 2005 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it would team with several major corporations to promote the Million Dollar Shootout Reality Television Series. As part of the sponsorship packages being provided by the WGL, the sponsors will receive multiple exemptions to the field auditions for the 2006 MDSO. Sponsors will also have the opportunity to sponsor individual teams during the competition. Additionally, the MDSO will be cross promoted by the sponsors in its product advertising. The WGL expects to generate over $4,000,000 in sponsor revenue from the upcoming Million Dollar Shootout.
Wireless Holdings Group, Inc.
Sanswire Technologies Completes Name Change
ATLANTA, June 14, 2005 (PRIMEZONE) -- Sanswire Technologies, Inc. (Pink Sheets:SNWR) announced today that it has completed the process of changing the Company's name and trading symbol. The name has been changed to Wireless Holdings Group, Inc. and the Company's stock began trading today under the new symbol (Pink Sheets:WHGI).
Schoengold Sporn Laitman & Lometti, P.C.
Lead Counsel Schoengold Sporn Laitman & Lometti, P.C. has Filed an Amended Class Action Complaint to Include Purchasers of Bombardier Capital Mortgage Securitization Pass-Through Certificates Series 1998-A, 1998-B, 1998-C, 1999-A, 1999-B and 2001-A
NEW YORK, June 14, 2005 (PRIMEZONE) -- Schoengold Sporn Laitman & Lometti, P.C. ("SSL&L") has filed an amended class action complaint (the "Amended Complaint") against Bombardier Inc., Bombardier Capital, Inc., Bombardier Capital Mortgage Securitization Corporation and certain current and former officers and directors to include purchasers of Bombardier Capital Mortgage Securitization Pass-Through Certificates (the "Certificates") Series 1998-A, 1998-B, 1998-C, 1999-A, 1999-B and 2001-A during the period February 7, 2000 through February 7, 2005 (the "Class Period").