latest news releases from the newsroom
Scania: 2002 a Record Year in South Africa; New Regional Head Office in South Africa
SODERTALJE, Sweden, Feb. 21, 2003 (PRIMEZONE) -- Following its best year to date since it resumed operations in South Africa in 1995, Scania's (Other OTC:SCVAY) wholly-owned subsidiary, South Africa Pty. Ltd., has opened a new head office at Aeroton, just west of Johannesburg, to coordinate activities in the entire southern African region. As part of this development, the assembly of trucks and buses is being transferred to a new joint facility.
Pyng Technologies Inc.
Pyng Technologies Escrow Share Redistribution
VANCOUVER, B.C., Feb. 21, 2003 (PRIMEZONE) -- Michael Jacobs, President of Pyng Technologies Corp. ("Pyng") (OTCBB:PYNGF) (TSX Venture Exchange:PYT), reports that after negotiations and discussions with David Johnson and Judy Findlay over the past several years concerning ownership and control of 3,550,000 escrow shares currently owned by Michael Jacobs, he, David Johnson, and Judy Findlay have today reached a definitive agreement to divide ownership of and voting rights attached to these shares as follows: (1) Mr. Jacobs will irrevocably transfer voting rights over 2,000,000 escrow shares: 1,000,000 to David Johnson and 1,000,000 to Judy Findlay. (2) Mr. Jacobs will transfer ownership of the 1,000,000 escrow shares to David Johnson and 1,000,000 escrow shares to Judy Findlay at such time as they request that the transfer be made. This may occur either before or after the shares have been earned out, assuming that they are earned out. The transfers are to be effected in a manner that has the least negative tax impact on the parties. (3) Mr. Jacobs has agreed to reserve for future purposes a total of 550,000 escrow shares. Voting rights over these 550,000 escrow shares will, until such time as they are released or transferred, be held by Michael Jacobs.
Mica Capital Partners LLC
EquityCast.com Posts its Performance Stocks List
SAN DIEGO, Calif., Feb. 21, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Mica Capital Partners LLC: AmeraMex International Inc. (Pink Sheets:AMMX) (http://www.ammx.net) releases news highlighting, production, and increased revenue. AmeraMex future gross profit from ongoing concerns to net over $20,000,000.00 US from current order, we find this company very attractive long term.
AmeraMex International Inc.
AmeraMex International Inc. Receives Additional Orders and Will Increase Production Significantly
LAS VEGAS, Feb. 21, 2003 (PRIMEZONE) -- AmeraMex International, Inc. (Pink Sheets:AMMX) Charles B. Layton Sr., President, announced today that AmeraMex International Inc. has started additional timber deliveries to a large San Diego home builder, who specializes in log home construction. Layton stated, "We feel we are within 60 days of turning the corner of being where we want to be after two years of preparation." Recently AmeraMex announced a 100,000,000 board feet order from an Oregon-based lumber mill operation. Deliverers of that order started just a few months ago and could expand into several years of operation. The Company expects a future gross profit of over $20,000,000.00 US from this order alone. Additional equipment is arriving on a regular basis and is moved to AmeraMex's mill site located at Ojos Negros, Mexico. Next week experienced loggers from Northern California are coming into the area to assist in training the local logging and production crews.