SoftNet Technology Reviews Exceptional 2006, Optimism for 2007
ISELIN, N.J., Dec. 28, 2006 (PRIME NEWSWIRE) — SoftNet Technology Corp. (OTCBB:STTC) (German WKN:A0B7RZ). SoftNet Technology has completed a major transition and is nearing the end of an exceptional year. While the final results are not available for the 2006, it has been an exceptional year in terms of expansion of operations and strategic positioning for the Company providing for an increased level of stability heading into 2007.
Component Changes Made to Dow Jones Telecommunication Titans 30 Index
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones Telecommunication Titans 30 Index.
Gold Canyon Resources Inc. Announces Grant of Incentive Stock Options
VANCOUVER, British Columbia, Dec. 29, 2006 (PRIME NEWSWIRE) — Gold Canyon Resources Inc. (TSX-V:GCU) ("Gold Canyon"or"the Company") announces that it has granted incentive stock options to certain directors, senior officers and consultants to purchase an aggregate of 1,075,000 common shares at an exercise price of $0.35 per share, representing the closing price of the Company's common shares on December 28, 2006 as reported on the TSX Venture Exchange (the"Exchange"), less an allowable discount. The options and shares issuable upon exercise, if any, will be subject to a four-month hold period from the date of grant in accordance with Exchange policy. The options expire on December 29, 2008. The grant was pursuant to the Company's Rolling Stock Option Plan, which was re-affirmed by the shareholders of the Company on April 27, 2006 and subsequently accepted by the Exchange.
Dow Jones Sells Its Minority Interest in Economia to Handelsblatt
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Dow Jones&Company announced today that it has sold its 23.5% interest in Economia to majority owner Verlagsgruppe Handelsblatt GmbH for EUR 15.25 million, or about $20 million.
RedChip Visibility Issues Research Update On Wave Systems, Corp.
ORLANDO, Fla., Dec. 29, 2006 (PRIME NEWSWIRE) — RedChip Visibility, a division of RedChip Companies, announced today that it has issued a research update on Wave Systems Corporation (Nasdaq:WAVX).
Lucy's Cafe, Inc. Acquires InterMetro Communications, Inc.
SIMI VALLEY, Calif., Dec. 29, 2006 (PRIME NEWSWIRE) — Lucy's Cafe, Inc. (OTCBB:LCYC) announced today the acquisition of InterMetro Communications, Inc., through an exchange of stock (reverse merger) with the shareholders of InterMetro Communications, Inc. Concurrently with the closing of the reverse merger, Lucy's Cafe, Inc. (the"Company") raised $10,235,000 million in gross proceeds from institutional investors in a private placement of common stock. The purchase price per share of common stock was $1.00. Hunter World Markets, Inc. of Beverly Hills, Calif., acted as the Company's sole placement agent.
NASDAQ to Honor President Gerald Ford With MarketSite Tower Broadcast
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — In memory of President Gerald Ford, The NASDAQ Stock Market, Inc. ("NASDAQ(r)") (Nasdaq:NDAQ) will broadcast President Ford's Funeral Service on the NASDAQ MarketSite Tower between 9:00 a.m. - 10:00 a.m. on Tuesday, January 2, 2007. In addition, The NASDAQ will be closed in accordance with our country's national day of mourning.
Globix Appoints New Chief Executive Officer
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Globix Corporation (AMEX:GEX), a provider of advanced optical networking solutions and services to carriers and large enterprise customers in the Northeast and mid-Atlantic regions, announced today that Kurt Van Wagenen has been promoted to Chief Executive Officer of the Company effective January 1, 2007. In his new role, Mr. Van Wagenen will retain his responsibilities as President and Chief Operating Officer.
Markets in the U.S. are Closed On January 2, 2007
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Please be advised that due to the closing of U.S. exchanges in remembrance of former President of the United States, Gerald R. Ford, some of our indexes will not be calculated and disseminated.
WorldWater&Power Corp&ENTECH, Inc. Announce Extension for Closing of Acquisition
PENNINGTON, N.J., Dec. 29, 2006 (PRIME NEWSWIRE) — WorldWater&Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-horsepower solar systems, and ENTECH, Inc., developer and manufacturer of advanced solar concentrating technology for terrestrial and space applications, announce that the companies signed an extension of the Letter of Intent to acquire ENTECH beyond the earlier announced date of December 27, 2006. The companies anticipate the closing before the end of January.
American Technologies Group, Inc. Retains The Investor Relations Group
FORT LAUDERDALE, Fla., Dec. 29, 2006 (PRIME NEWSWIRE) — American Technologies Group, Inc. (OTCBB:ATGRE), a leading structural steel fabrication and light pole manufacturing company, has retained The Investor Relations Group, Inc. (IRG), a full-service investor relations firm, to serve as its new corporate communications and investor relations agency.
LaSalle Line of Credit Commenced by Zanett
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Zanett Inc. (Nasdaq:ZANE) a leading information technology (IT) consulting firm serving Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security, today announced the commencement of the $10 million Line of Credit from LaSalle Bank.
Stone Arcade Stockholders Approve Acquisition of the Kraft Papers Business, a Division of International Paper Company
NORTHFIELD, Ill., Dec. 29, 2006 (PRIME NEWSWIRE) — Stone Arcade Acquisition Corporation (OTCBB:SCDE) announced today that at a special meeting held today its stockholders approved the Company's previously-announced proposed acquisition of the Kraft Papers Business ("KPB"), a division of International Paper Company. Of the 23,661,853 votes cast at the meeting (representing 94.6% of the Company's total outstanding shares), 99.8% voted in favor of the acquisition of KPB. Holders of 40,000 shares issued in the Company's initial public offering voted against the acquisition and elected to have such shares redeemed into a pro rata portion of the IPO trust account. As previously announced, Stone and International Paper Company extended the termination date of the acquisition until January 5, 2007. Accordingly, it is expected that the Company will close on the acquisition of KPB in the next several days.
