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Verizon Wireless to Sponsor New Corporate 5K Race and Board of Directors of Chunghwa Telecom Resolves to Distribute Dividend per Share

31 March 2006

Wireless Communication industry news provided by Financial News USA (OTC: FNWU) Verizon Wireless (NYSE:VZ), owner of the nation's most reliable wireless network, announced recently it will sponsor a new 5K corporate race and fitness event this summer in downtown Morristown, N.J. Called the Verizon Wireless Corporate Classic, the evening event will be held on Thursday, July 20, 2006 with proceeds benefiting Jersey Battered Women's Service. Tornado victims in Uvalde will receive help finding alternative means for housing, electricity and water -- thanks, in part, to a $1 million grant to the American Red Cross Disaster Relief Fund. The AT&T Foundation -- the philanthropic arm of San Antonio-based AT&T Inc. (NYSE: T) -- made the donation. The tornado struck Uvalde, a city located just west of San Antonio, on Sunday.


Chunghwa Telecom Co., Ltd. (NYSE:CHT) recently announced dividend per share of NT$4.5 for year 2005. Board of Directors (BoD) of the Company resolved to distribute a cash dividend of NT$4.3 and a stock dividend of NT$0.2 per share for year 2005. Additionally, in accordance with the Telecommunications Act and the Articles of Incorporation of Chunghwa Telecom, BoD of the Company also passed to issue two preferred shares to be subscribed for by Ministry of Transportation and Communications (MoTC). Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently announced that the Nevada Gaming Commission adopted final regulations implementing Nevada Law AB471 at its meeting yesterday in Las Vegas. The adoption of the final regulations allows companies to begin to file applications for approval of hand-held wireless gambling devices, such as Diamond I's WifiCasino GS® wireless gaming system.


About Financial News USA


Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information:


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