Roberts Realty Investors, Inc. Acquires Retail Center
ATLANTA, Oct. 31, 2005 (PRIMEZONE) — Roberts Realty Investors, Inc. (AMEX:RPI) announces that on October 27, 2005 it purchased Spectrum, a 30,050 square foot retail center located in Gwinnett County, Georgia for $8.4 million. The center is located directly across from the Mall of Georgia and is 83% leased. Roberts Realty assumed $5.3 million in debt bearing a fixed interest rate of 5.68%, and financed the balance with proceeds from the May 2005 sale of the company's Ballantyne Place residential community located in Charlotte, North Carolina.
Empire Global Corp. to Acquire 501 Canada Inc.
THORNHILL, Ontario, Oct. 31, 2005 (PRIMEZONE) — Empire Global Corp. (OTCBB:EMGL) (the"Company") announced today that it has entered into a Plan of Merger and Reorganization Agreement with 501 Canada Inc., an Ontario Corporation ("501") whereby Empire Global Corp., through its wholly-owned subsidiary Empire Global Acquisition Corp., an Ontario Corporation ("EGAC") will acquire 100% of the capital stock of 501 through the issuance of exchangeable shares of EGAC, which are exchangeable for 6,240,000 Shares of Common Stock of Empire Global Corp.
Aerospace and Defense Symposium Tackles Critical Issues Facing Mid-Market Industry-Related Companies
COSTA MESA, Calif., Oct. 31, 2005 (PRIMEZONE) — The Aerospace&Defense (A&D) industries are currently experiencing significant merger and acquisition activity, with major corporations and private equity firms in both the U.S. and abroad actively pursuing acquisitions to obtain additional capabilities and expand customer bases. Responding to this dynamic M&A environment, RSM EquiCo, a global investment bank, will host an Aerospace and Defense Symposium focusing on timely industry-oriented issues ranging from fluctuating spending cycles and increasing fuel prices to metal-versus-composite manufacturing trends and the resurgence of active industry consolidation.
Globix Appoints Ted Lodge Executive Chairman
NEW YORK, Oct. 31, 2005 (PRIMEZONE) — Globix Corporation (AMEX:GEX), a leading provider of application, media, IP infrastructure, and network services, today announced that Ted S. Lodge had been appointed Chairman of its Board of Directors and has agreed to serve as Executive Chairman of the Company. From 1996 until earlier this year, Mr. Lodge was affiliated with Pegasus Communications Corporation in a variety of capacities, serving the last four years as Pegasus' President, Chief Operating Officer, Counsel, and member of its Board of Directors. Mr. Lodge is currently Principal of Lodge Special Situations, LLC.
