latest news releases from the newsroom
Zecotek Photonics Inc.
Zecotek Granted Chinese Patent Rights For LFS Scintillation Material
VANCOUVER, British Columbia, Sept. 3, 2008 (GLOBE NEWSWIRE) -- Zecotek Photonics Inc. (TSX-V:ZMS) (Frankfurt:W1I) today announced that Zecotek Imaging Systems Singapore Pte. Ltd., a wholly-owned subsidiary, has received Notification of Grant of Patent Rights from the Chinese Patent Office for its LFS scintillation material. The grant of these additional Chinese patent rights further validates and strengthens Zecotek's worldwide patent position in its innovative LFS scintillation material.
American International Industries, Inc.
American International Industries, Inc. Announces Definitive Asset Purchase Agreement With Shumate Industries, Inc. to Acquire Shumate Machine Works, An Energy Related Company
HOUSTON and KEMAH, Texas, Sept. 3, 2008 (GLOBE NEWSWIRE) -- American International Industries, Inc. (Nasdaq:AMIN) and Shumate Industries, Inc. (OTCBB:SHMT) today announced that they have signed the Asset Purchase Agreement, whereby AMIN has agreed to purchase the assets of Shumate Machine Works Corporation ("SMW"), a subsidiary of SHMT, for approximately $6.7 million in cash, in large part to be financed through long-term debt by Stillwater National Bank and Trust, including assumption of certain liabilities. The closing of the proposed transaction is scheduled for October 1, 2008, subject to certain closing conditions. Shumate Industries has already received its needed shareholder approval for the SMW divestiture at their special meeting of stockholders last month.
SoundBite Communications, Inc.
SoundBite Communications Now Offers 100 Percent VoIP Platform
BEDFORD, Mass., Sept. 3, 2008 (GLOBE NEWSWIRE) -- SoundBite Communications, Inc. (Nasdaq:SDBT) today announced a technology milestone-its multi-channel Intelligent Communications Platform is now 100 percent Voice over Internet Protocol (VoIP). As of August 2008, all of SoundBite's outbound and inbound client traffic is carried over a VoIP backbone.
Pride International, Inc.
Pride International, Inc. Reports All Rigs Accounted for and No Visible Damage to Fleet Following Hurricane Gustav
HOUSTON, Sept. 3, 2008 (GLOBE NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) today reported that an air reconnaissance effort in the U.S. Gulf of Mexico was completed on September 2 and that its jackup rigs located in or near the path of Hurricane Gustav have been accounted for. The reconnaissance, conducted from a fixed-wing aircraft, found no visible damage to the units. Offshore personnel have begun returning to the rigs and will conduct a more thorough inspection of each unit.