latest news releases from the newsroom
Telelogic Enhances Enterprise Architecture Solution for Increasing Corporate Agility
MALMO, Sweden and IRVINE, Calif., Oct. 24, 2005 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading provider of software solutions that align advanced systems and software development with business objectives, today announced the forthcoming availability of Telelogic System Architect(R) version 10.3, the industry-leading enterprise architecture and business process management solution. This latest version further extends System Architect's market position and integrates System Architect with Telelogic's solutions for Application Lifecycle Management (ALM), providing a complete solution for enterprises to define, design, and deliver optimized business processes, software, products, and services.
Telelogic Announces SysML Availability
MALMO, Sweden and IRVINE, Calif., Oct. 24, 2005 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG), the leading provider of software solutions that align advanced systems and software development with business objectives, today announced support for the proposed Systems Modeling Language (SysML) standard in its industry-leading Telelogic TAU(R) G2 product. TAU SysML extends UML 2.0, the standard visual modeling language for software development, to provide systems engineers with a model-based notation, which has previously been missing from their repertoire. TAU SysML's ability to simulate analysis and design models in real-time can significantly reduce errors early in the systems engineering lifecycle, resulting in substantive time and cost savings.
Irwin Energy Inc.
Natural Gas Price Rise Boosting Irwin Energy Revenues
VANCOUVER, British Columbia, Oct. 24, 2005 (PRIMEZONE) -- Irwin Energy Inc. (Pink Sheets:IWNN), in conjunction with our partner Montana Oil and Gas, Inc. (Pink Sheets:MOGI) is pleased to report that the 1-5-60-25W4M Westlock well, that was completed and tied into a sales line in May, continues to produce strong revenues for the company. The Westlock well thus far has produced 163.8, 271, 104.2, and 129.38 E3M3 (convert to MMCF 0.035494) from May to August inclusive. Volumes for September and October will be announced upon receiving the appropriate data from our operator. All appropriate royalties, transportation and operating costs have been factored in and taken off by the operator. Mr. John Gaetz noted, "The huge rise in natural gas prices of late will benefit the company and its shareholders in terms of future revenues and immediate cash flows."
NorthStar Realty Finance Corp.
NorthStar to Acquire Commercial Mortgage Loan Origination Business
NEW YORK, Oct. 24, 2005 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) announced today that it has entered into a definitive purchase agreement with Allied Capital Corporation to acquire Timarron Capital, Inc. Timarron, based in Dallas, Texas, was organized by former senior executives of Principal Financial and other leading financial institutions to develop a nationwide commercial mortgage loan origination platform. The closing of the acquisition is expected to occur in January of 2006. Allied Capital has agreed to continue to provide Timarron with warehouse financing to fund its origination activities through the closing. The purchase price will be between $2.0 million and $2.6 million, depending upon whether certain performance hurdles are achieved. Following the closing of the acquisition, Timarron will be renamed NorthStar Mortgage Capital. NorthStar Mortgage Capital will originate commercial mortgage loans for NorthStar's commercial real estate debt portfolio.
Working Values Launches Ethics and Culture Risk Assessment Tools
HAWTHORNE, N.Y., Oct. 24, 2005 (PRIMEZONE) -- Working Values(r) Ltd., (a wholly owned subsidiary of SmartPros Ltd., (AMEX:PED)), a leading developer of values-based ethics and compliance training programs, today introduced two new Web-based assessment tools to help organizations assess and address their integrity risks: