--(www.USEquityNews.com)-- 05/22/2008 - Wireless Communications industry alert provided by U.S. Equity News. With the busiest travel season nearly upon us, Verizon Wireless (NYSE: VZ) reminds customers who choose to talk on a wireless phone while driving to do so responsibly and safely when travelling over the next few months and all year long. Drivers should use common sense and obey all vehicular laws if they choose to talk on a wireless phone while driving, whether across town or across the country. Verizon Wireless is committed to educating the public on the safe and responsible use of wireless phones while driving. For more information on hands-free options and responsible driving, customers can visit a Verizon Wireless Communications Store or www.verizonwireless.com.
Knology, Inc. (NASDAQ: KNOL) recently announced that Rodger L. Johnson, President and Chief Executive Officer, and Todd Holt, Chief Financial Officer of Knology, Inc., will give a Company presentation at the Cowen and Company 36th Annual TMT Conference in New York City on Wednesday, May 28, 2008 at 2:35 p.m. Eastern Time. The presentation will include a discussion of the Company's strategic objectives, as well as an overview of its past financial performance.
Cellcom Israel Ltd. ("Company") (NYSE: CEL) announced today that Discount Investment Corporation Ltd. ("DIC"), its controlling shareholder, has announced that it has entered today into an agreement to sell 1,900,000 shares of the Company, constituting approximately 1.95% of the Company's issued share capital, for a total consideration of approximately NIS 216 million (subject to a certain contingent increase of the consideration) in cash to a financial institution and that the purchaser has informed DIC of its intention to place such shares for sale outside the United States to non-US investors. The agreement further provides that DIC will not dispose of the Company's shares during 55 days following the closing date, unless DIC obtained the consent of the said financial institution purchaser. The sale is scheduled to be completed today, following which DIC will hold approximately 50.65% of the Company's issued share capital.
Diamond I, Inc. (OTCBB: DMOI) announced that it has named Thomas J. Gray to its board of directors. Mr. Gray, with his extensive background in the petroleum marketing industry and in alternative energy, is expected to provide strong leadership to DMOI as it develops its Alternative Energy Technologies and Oil and Gas Efficiency Technologies business segment. In addition to his duties as a director, Mr. Gray has agreed to provide needed consulting services to DMOI. After his appointment to the DMOI board, Mr. Gray stated, "I couldn't be more excited about this opportunity and thank the DMOI board for their faith in me.
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