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Olympic Resources Ltd.: Victor Ranch Gas Wells Update
VANCOUVER, British Columbia, March 18, 2002 (PRIMEZONE) -- Olympic Resources Ltd. (Olympic) (OTCBB:OLYRF) (CDNX:ORL) provides the following update of its Victor Ranch properties in Tehama County, California. Olympic has entered into two participation arrangements in the Victor Ranch gas field, which lies on the south-east flank of Olympic's East Corning property. The operator has advised Olympic that two wells commenced production and a third well will be put online shortly. The terms of the participation agreements provide Olympic with an 8.3% working interest to earn a 6.53% net revenue interest in two wells; and a 6.05% working interest to earn a 4.92% net revenue interest in the third well.
ZAP Ships Out 100 ZAPPY Turbos
SEBASTOPOL, Calif., March 18, 2002 (PRIMEZONE) -- Electric scooter pioneer ZAP (Nasdaq:ZAPPQ) today announced that has shipped out the first 100 units to customers of a new electric scooter called the ZAPPY(r) Turbo. The new scooter was designed for scooter fans looking for a little more speed and performance.
Newport Corporation to Feature Next Generation Fiber Optic Communications Products at OFC 2002
IRVINE, Calif., March 18, 2002 (PRIMEZONE) -- Newport Corporation (Nasdaq:NEWP) today announced it will feature a number of new products and technologies at this year's Optical Fiber Communications Conference (OFC), highlighting state-of-the-art advances in automated assembly and test and measurement applications designed to accelerate time to market, deliver scalability and high performance, increase throughput and enable its customers to react quickly to changing market needs.