Xinex fails to get cash lifesaver

Article Abstract:

Xinex Networks Inc., a company based in New WestMinster in British Columbia, Canada, has become more financially-troubled after it failed to secure a maximum of C$3.1 million in additional investments. Xinex president and chief executive officer Roy Leahy stressed that the venture capital company Helix Investments Canada Inc. of Toronto in Ontario, Canada, had expressed an openness in providing $1.5 million of the needed amount but did not since the other potential investors did not agree to produce the rest. Xinex needs the money since its new product called Vortex, which delivers data and voice transmissions via one network using established office telephone lines, has not generated the sales that could offset previous expenses.

Comment:

Has become more financially-troubled after it failed to secure a maximum of C$3.1 million in additional investments

Receipt of funds, British Columbia, Article, Xinex Networks Inc.

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Canada's big emitters brace for investment climate change

Article Abstract:

The Kyoto Protocol has come into force from February 2005. The Canadian industry is bracing up to meet with the greenhouse emissions standards. The shareholders want industries to make concrete efforts to reduce emissions in order to insulate the company from future liability, which could affect the balance sheet of the companies.

Canada, Environmental aspects, Industry, Industries

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New technology can keep you well from running dry

Article Abstract:

The details of the new method for squeezing more out of gas and oil deposits developed by the company CMG are presented.

Primary copper, Copper ores, Innovations, Copper industry, Morocco, CMG, Petroleum mining

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