latest news releases from the newsroom
Geller Rudman, PLLC
Geller Rudman Announces Class Action Lawsuit Against China Life Insurance Co. Limited on Behalf of Investors -- LFC
NEW YORK, May 5, 2004 (PRIMEZONE) -- The Law Firm of Geller Rudman, PLLC announced today that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of China Life Insurance Co. Limited ("China Life" or the "Company") (NYSE:LFC) publicly traded securities during the period between December 22, 2003 and February 3, 2004, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website http://www.geller-rudman.com/view_case.asp?cID=262&pcode=10&pp=4.
Seco Tools AB -- Annual General Meeting 2004
FAGERSTA, Sweden, May 5, 2004 (PRIMEZONE) -- In his address to the Annual General Meeting of Seco Tools AB on May 5, Lars Renstrom, President and CEO, commented on a number of significant events during 2003 and business trends during the first quarter of 2004. Market conditions during 2003 were characterized as being weak in Europe and the US, while demand in Asia and South America was strong. Seco Tools, it was noted, showed strength through increased sales at fixed exchange rates and reported unchanged margins, despite market conditions. The increase in sales at fixed exchange rates during the first quarter of 2004 was attributed to favorable sales trends primarily in the US and Asia.
Scottish Power PLC
Scottish Power plc Redemption Of Special Share
GLASGOW, UK, May 5, 2004 (PRIMEZONE) -- Scottish Power plc confirms that it has received notice from the Secretary of State for Scotland of the redemption of its GBP1 special share, as announced by the Department of Trade and Industry earlier today. The special share was created at the time of privatisation, along with a limit, contained in the Company's Articles of Association, of 15% on the number of ordinary Scottish Power plc shares which could be held by any person. The effect of the special share was to prevent any change to the 15% limit without the consent of the Secretary of State.
World Associates Inc
World Associates Now Listed on the Berlin Stock Exchange
LOS ANGELES, May 5, 2004 (PRIMEZONE) -- World Associates, Inc. (OTCBB:WAIV) (Berlin Stock Exchange:GK5) is pleased to announce that it is now listed on the Berlin Stock Exchange. World Associates, Inc. was chosen, along with 50 other companies, by the Berlin Exchange who felt the company may be of interest to German investors. The company was not involved in the process and only heard it was chosen after being selected.
Ben Franklin Technology Partners of Southeastern Pennsylvania
Purdue University/Ben Franklin Awarded $426,250 State Technologies Advancement Collaborative Grant
PHILADELPHIA, May 5, 2004 (PRIMEZONE) -- Purdue University, along with Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP), Field Diagnostics Services Inc., (a BFTP/SEP alumni company, Bucks County, PA), Honeywell, Inc., Aire Rite Air Conditioning & Refrigeration, Inc., and FieldCentrix, Inc., were awarded a $426,250 grant from the State Technologies Advancement Collaborative (STAC) for their proposal "Development, Implementation and Deployment of Automated Fault Detection and Diagnostics for Vapor Compression Equipment."
Quantech Electronics Corp.
Quantech Electronics Considers 5 for 1 Forward Stock Split of its Common Shares
DENVER, May 5, 2004 (PRIMEZONE) -- Quantech Electronics Corp (Pink Sheets:QANT), through its recently acquired wholly owned subsidiary DimiTel Ltd, announced today that its Board of Directors is currently considering the possibility of a 5 for 1 forward stock split of the common share capital of the company. If the forward stock split is approved and implemented, each shareholder will receive 4 additional common shares of QANT for each common share held.
Nighthawk Systems, Inc.
Nighthawk Receives Order for Public Notification Project
DENVER, May 5, 2004 (PRIMEZONE) -- Nighthawk Systems, Inc. (OTCBB:NIHK) announced today that it has received an order from the Sedona Fire District of Sedona, Arizona for its PT1000 remote control boards to be used for public emergency notification. The controls will activate emergency warning signs in canyon areas prone to flash fires and floods.