latest news releases from the newsroom
Capital Research Group, Inc
TheSUBWAY.com Announces Its Stock Market Standouts List for Tuesday, May 18, 2004: XKEM, JNPR, SEPR, ECGI
WESTON, Fla., May 18, 2004 (PRIMEZONE) -- TheSUBWAY.com names the following stocks to its Stock Market Standouts List: Xechem International Inc. (OTCBB:XKEM), Juniper Networks Inc. (Nasdaq:JNPR), Sepracor Inc. (Nasdaq:SEPR), Envoy Communications Group (Nasdaq:ECGI).
PlanetLink Communications Inc.
PlanetLink Communications Enters into Test Agreement with Major Mexican Utility
CUMMING, Ga., May 18, 2004 (PRIMEZONE) -- PlanetLink Communications Inc., (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it has entered into a test agreement with a large Mexican electric utility company. In accordance with the agreement, the utility company will test PlanetLink's mobile asset management system, TransTRAK, in a live environment for a period of 30 to 60 days. The utility company has 72,000 trucks that are in need of vehicle tracking services, and this agreement formalizes the relationship between the Mexican electric company and PlanetTRAKS, PlanetLink Communications' wholly owned subsidiary which markets TransTRAK. Given that this extensive testing phase proceeds to the satisfaction of both parties, the potential client would be prepared to make an initial order for a portion of its fleet. Larger orders may follow as the potential client documents the cost-benefit factor involved with installation of the TransTRAK system.
Capital Research Group, Inc
Early Stock Market Alerts for Tuesday, May 18, 2004: XKEM, AAPL, TSM, AV
WESTON, Fla., May 18, 2004 (PRIMEZONE) -- TheSUBWAY.com names the following stocks to its Stock Alerts List: Xechem International Inc. (OTCBB:XKEM), Apple Computer Inc. (Nasdaq:AAPL), Taiwan Semiconductor Mfg. Co. (NYSE:TSM), Avaya Inc. (NYSE:AV).
GK Intelligent Systems, Inc
GK Intelligent Systems Announces 42% Debt Reduction
HOUSTON, May 18, 2004 (PRIMEZONE) -- GK Intelligent Systems, Inc. (OTCBB:GKIG), a publicly traded holding company with entertainment and technology subsidiaries, announced that since its 2003 10KSB filing it has further reduced outstanding debt previously carried on its books in the amount of $972,330.00. The company is taking this action in accordance with Texas V.T.C.A. Civil Practice & Remedies Code 16.004(a). Under this code, $871,090.00 of debt incurred over four years prior is no longer enforceable under Texas law. Also, $101,240.00 of the reduction is attributable to an election made by an officer of the Company to receive stock in lieu of cash for accrued salary.
Ideal Accents, Inc.
Ideal Accents Reports First Quarter Results
DETROIT, May 18, 2004 (PRIMEZONE) -- Ideal Accents, Inc. (OTCBB:IACE) a leading installer and wholesaler of car and truck accessories at the new vehicle dealer level, with plans for national expansion, today announced results for the three months ended March 31, 2004.
Atlantis Business Development Corporation, Inc.
Atlantis Business Development Corporation to Acquire Multimedia Marketing Agency E-Direct, Inc.
RED BANK, N.J., May 18, 2004 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ABDV) announced today it has entered into a Letter of Intent to acquire 100% of E-Direct, Inc., a multimedia marketing agency that specializes in (VOIP) opt-in fax broadcasting and opt-in emailing. At the Closing of this transaction, E-Direct will operate as a wholly owned subsidiary and have approximate assets of $3.5 million with anticipated quarterly revenue of over $450,000. Terms of the transaction include purchasing 100% of the equity of E-Direct, Inc. in exchange for 19 million shares of Atlantis and $250,000 cash.
CapSource Financial, Inc.
CapSource Financial, Inc. Announces First Quarter Sales Up 72.5% Compared with Same Period Last Year
BOULDER, Colo., May 18, 2004 (PRIMEZONE) -- CapSource Financial, Inc. (OTCBB:CPSO) announced that its consolidated net sales for the first quarter ended March 31, 2004, were $1,326,116 compared with $768,625 for the same period last year, an increase of 72.5%. Trailer sales, one component of total sales, increased by 107.8%. As working capital was directed toward increasing trailer sales, the equipment lease/rental portfolio was reduced resulting in a 14.8% decline in lease/rental income, the other component of total sales.