September 7, 2005
Category: Uncategorized – Author: admin – 4:03 am
From Home.businesswire.com
WILMINGTON–Zone 4 Play, Inc. (OTCBB:ZFPI.OB), a leading software and technology developer and provider to the interactive betting and gaming industry announces that it has engaged Investec Investment Banking and Securities in relation to the possible admission of Zone 4 Play’s shares to trade on AIM, a market operated by the London Stock Exchange plc, in a transaction that may involve an equity fund raise. The proposed admission to trading on AIM of Zone 4 Play’s shares is currently anticipated to commence during the third quarter of 2005. Zone 4 Play intends to offer any securities sold in connection with the proposed AIM admission pursuant to Regulation S promulgated by the U.S. Securities and Exchange Commission.
Zone 4 Play delivers cross-platform solutions that are built for mass participation gaming. Zone 4 Play is a software and technology provider to UK bookmakers, online gaming operators, betting exchanges and to US cable, satellite and hospitality service providers delivering online solutions, mobile solutions, interactive TV solutions and participating SMS-TV solutions.
Category: Uncategorized – Author: admin – 4:01 am
From CCNmatthews.com
WATERLOO, ONTARIO— TURBOSONIC TECHNOLOGIES, INC. (OTCBB:TSTA), a leading provider of air pollution control products, announced today that they have retained Capstone Investments as their investment-banking advisor.
"The decision to retain Capstone Investments was the logical culmination of the relationship we have been building with them over the past 3 years, resulting in significant holdings by a number of institutional investors," commented Edward Spink, TurboSonic Chairman and CEO. "We anticipate that Capstone Investments will broaden our exposure to institutions and other interested parties and that their advice, with regards to possible future mergers, acquisitions, and equity lines, will bring further growth to our company."
Capstone Investments has provided a wide range of institutional services, including investment banking, research, deal origination, and capital introduction services since 1994. Capstone’s Investment Banking Group identifies, structures and executes diverse and innovative market transactions for both private and public companies. Capstone places importance on combining sector and product specialization with strong client relationships to ensure that clients receive competitive quality solutions and advice. Capstone Investments is a member of the National Association of Securities Dealers (NASD), the Securities Investor Protection Corporation (SIPC) and the Municipal Securities Rulemaking Board (MSRB).
TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control products to industrial customers worldwide. Its products are designed to meet and exceed the strictest emissions regulations, improve performance, reduce operating costs and recover valuable by-products.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-KSB and other documents the Company files from time to time with Securities and Exchange Commission.
September 5, 2005
Category: Uncategorized – Author: admin – 5:13 am
From Business.scotsman.com
THE American and - to a much lesser extent - British insurance industries face a $60 billion (£32.6bn) bill in the fallout from the Gulf of Mexico hurricane disaster whose epicentre was New Orleans.
Sources within the Lloyd’s of London insurance market told The Scotsman yesterday that as a matter of course it ran "realistic disaster scenarios" covering potential major payouts on natural disasters.
One insider said: "We model 19 different scenarios including an earthquake in Japan or California, a hurricane hitting the Gulf of Mexico, and a terror attack in lower Manhattan.
"And the figure we came up with for a hurricane, with Houston, Texas as its epicentre, was $60 billion."
As a consequence of the insurance payouts for the devastation and carnage wrought by Hurricane Katrina, it is believed businesses also face huge hikes in premiums down the line.
Lloyd’s say that at this juncture, though, it is too early to say definitively how much the industry’s or its own exposure to Katrina will be.
One Lloyd’s source said: "Currently there is little consensus over how much it will cost anybody. We have seen a range of forecasts from $9bn to $50bn."
Some reports have suggested Lloyd’s itself is expecting a hit of between £1bn and £2bn from the hurricane.
But a spokesman said later: "It is too early to say. We are asking our 42 business [underwriting] syndicates to report back to us by 12 September."
Insurance companies with the highest exposure are believed to be Munich Re, Swiss Re and AIG.
However, a spokesman for one of Britain’s biggest insurers, Prudential, said: "It would be hard to say there would be nothing at all, but it would be minimal. We don’t do commercial insurance there."
A spokesman for the Association of British Insurers said: "We don’t think any of our members have significant exposure to Katrina."
Category: Uncategorized – Author: admin – 5:02 am
From Newindpress.com
MANGALORE: United India Insurance Company Limited and Canara Bank have recently tied up for marketing general insurance products.
United India Insurance Company Limited Mangalore divisional office conducted a insurance products familiarization-cum-bank assurance meet for officials of Dakshina Kannada branches of Canara Bank on Saturday at Hotel Mangalore International.
The programme was inaugurated by regional manager R S Naik and in his inaugural address Naik specified the role of banks in procuring and marketing general insurance business under present scenario.
September 2, 2005
Category: Uncategorized – Author: admin – 4:46 am
From Delwareonline
Bank of America may be getting ready to enter Delaware’s competitive retail banking market.
Executives with Bank of America said in a meeting with state officials today that the bank hopes to offer retail banking services in Delaware, although they said it’s too early to discuss details.
Charlotte, N.C.-based Bank of America is acquiring Wilmington-based MBNA Corp., the nation’s third-largest credit card issuer and Delaware’s largest private employer, for about $35 billion in cash and stock. Until now, the focus has been on MBNA’s credit card business – MBNA has never made a push to go into traditional branch banking.
But Bank of America officials said today they may bring their branches to Delaware. William Couper, head of Bank of America’s mid-Atlantic banking operations, said the bank has wanted to establish retail branches in Delaware for some time and the buyout of MBNA may “catalyze” that effort. Couper declined to elaborate, saying it’s too early to say how many branches might be added, how many people they might employ or even when they might open.
Bank of America, which has more branches than any other U.S. bank, has no retail branches in Delaware. It has branches in neighboring states Maryland, New Jersey and Pennsylvania.
As for job cuts at MBNA, Couper said it’s too early to say how Delaware will be affected. He said the two companies are in the early stages for planning to combine operations and won’t make decisions about where to cut until late this year. He said Bank of America expects to close the deal at the end of the year.
Couper, who is based in Washington, and other Bank of America executives were in Wilmington for the first meeting of a “transition” task force recently appointed by Gov. Ruth Ann Minner.
Bank of America has said it will eliminate 6,000 jobs between the two companies, but it hasn’t said how many will be lost in Delaware. MBNA employs about 10,500 in Delaware, while Bank of America employs about 1,300 in credit card operations in Dover and near Newark.
Category: Uncategorized – Author: admin – 4:44 am
From TheComet
NAT WEST Commercial Banking is proud to be the sponsors of the Most Successful Business 1-25 staff at this year’s Hertfordshire Business Awards.
Hertfordshire, says NatWest, is home to a forward-looking business community. NatWest Commercial Banking has been established in the county for many years and brings a wealth of experience of working with local businesses to the judging panel.
Roger French leads the Hitchin commercial banking arm, with David Bridgeman head of the St Albans team.
"NatWest is dedicated to helping local businesses grow and sponsoring this award is testament to the bank’s confidence in the region, as well as the support of our customers," said Mr French.
(more…)
