latest news releases from the newsroom
Comcast Corporation Settles Class Action Consumer Lawsuit Over Peer-to-Peer File Sharing Practices - Scott+Scott LLP Announces
SAN DIEGO, Dec. 21, 2009 (GLOBE NEWSWIRE) -- Comcast Corporation has agreed to settle a consumer class action that challenged the company's practice of secretly blocking certain Internet traffic while claiming to provide unlimited Internet access. The lawsuit alleges that Comcast impaired the use of some "Peer-to-Peer" file sharing traffic ("P2P") on Comcast's High-Speed Internet network. Under the terms of the settlement, Comcast has agreed to pay up to $16 million, less settlement costs, to eligible Class members.
GAME ARTS Co., Ltd.
GAME ARTS Announces the Release of The Magic Obelisk for WiiWare
NEW YORK, Dec. 21, 2009 (GLOBE NEWSWIRE) -- GAME ARTS announced today that the heartwarming action-adventure game, The Magic Obelisk, will be available in North America on WiiWare on December 28, 2009. This is the first original title in a decade from the acclaimed Japanese developer. The Magic Obelisk is an unforgettably original gameplay experience featuring fascinating characters, an extraordinary tale, and the forge of a deep friendship.
FortuNet, Inc. Receives Delisting Notice, Plans to Appeal
LAS VEGAS, Dec. 21, 2009 (GLOBE NEWSWIRE) -- FortuNet, Inc. (the "Company") (Nasdaq:FNET) announced today that it received notice from The NASDAQ Stock Market that the Company's common stock failed to maintain a minimum market value of publicly held shares of $5,000,000 for the previous 30 consecutive trading days, as required for continued inclusion on The NASDAQ Global Market in accordance with Listing Rule 5450(b)(1)(C). The Company was provided 90 calendar days, or until December 14, 2009, to regain compliance in accordance with the Marketplace Rule 5810(c)(3)(D).
Silver Dragon Resources Inc.
Silver Dragon Resources Inc. Closes $1 Million Private Placement
TORONTO, Dec. 21, 2009 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce it has closed a private placement consisting of 3,739,198 units (the "Units") in the Company at a price of US$.28 per Unit, for gross proceeds of US$1,046,976. Each Unit is comprised of one restricted common share and one common share purchase warrant. Each warrant entitles the Unit holder to purchase one common share (the "Warrant Shares") of the Company at an exercise price of US$.50 per Warrant Share at any time within one year from the date of issuance.