latest news releases from the newsroom
OMHEX and Lithuanian State Property Fund Sign the Privatization Agreement of National Stock Exchange of Lithuania and Central Securities Depository of Lithuania
STOCKHOLM, Sweden, May 21, 2004 (PRIMEZONE) -- Following the decision by the Lithuanian State Property Fund in March this year to select OMHEX as the strategic partner for the ownership of the National Stock Exchange of Lithuania (NSEL), and the Central Securities Depository of Lithuania (CSDL), the parties today signed the privatization agreement for 44.3 percent of the shares of NSEL and 32 percent of the shares of CSDL. The purchase price is EUR 1.45 million for the shares of NSEL, and EUR 1.69 million for the shares of CSDL. OMHEX is also in the process of acquiring an additional 10 percent of NSEL shares from minority shareholders that have decided to sell their shares together with the State Property Fund. Together with the earlier acquired NSEL shares, OMHEX' ownership in NSEL will exceed 80 percent. A mandatory tender offer to the remaining minority shareholders of NSEL will be launched in June, as OMHEX intends to acquire up to 100 percent of the shares of NSEL.
Port of Houston Authority
State Court Dismisses Case Against Bayport
HOUSTON, May 20, 2004 (PRIMEZONE) -- The Port of Houston Authority (PHA) today welcomed 98th District Court Judge W. Jeanne Meurer's decision to dismiss the lawsuit that was filed by the City of Shoreacres and other groups that challenged the PHA's permit for the Bayport Container and Cruise Terminal. The state court granted the PHA's motion to dismiss, which pointed out that the U.S. Army Corps of Engineers received the Texas Commission on Environmental Quality's certification prior to issuing its permit and, having done so, it is not proper to now try to attack the Corps' permit by alleging errors in the TCEQ process.
PracticeXpert Revenues Increase 54% for the Quarter
LOS ANGELES, May 20, 2004 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT) today announced unaudited results for the first quarter of its fiscal year ended March 31, 2004. Net revenues were $929,471, an increase of 54% or $325,998, for the three month period ended March 31, 2004, as compared to revenues of $603,473 for the three months ended March 31, 2003. Revenues in 2004 increased primarily as a result of new business and revenues from acquisitions completed since March, 2003. The net loss reported for the three months ended March 31, 2004 was $672,968, or a basic and fully diluted net loss per share of $0.03, compared to a net loss of $119,343, or a basic and fully diluted net loss per share of $0.01 for the three months ended March 31, 2003. Included in the expenses for the quarter are $178,613 in expenses paid in stock, a $75,750 one-time expense on the settlement of litigation, $63,122 in accrued dividends on Preferred Stock which are payable in stock, at the Company's option, and $120,459 in expenses for depreciation and amortization.
Los Angeles World Airports
First Public Hearing Scheduled for LAX Master Plan Final Environmental Impact Report
LOS ANGELES, May 20, 2004 (PRIMEZONE) -- The first public hearing on the Final Environmental Impact Report (FEIR) and the Final Master Plan (Alternative D) for Los Angeles International Airport (LAX) will be held Monday, May 24, 2004. The public hearing will begin at 3 p.m. and may go as late as 10 p.m. at the Los Angeles Convention Center, Room 515 A & B. Free parking will be available in the Convention Center's West Hall parking facility.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Reminds Shareholders About Time For Filing Lead Plaintiff Motions in Class Action Lawsuit Against Vaso Active Pharmaceuticals, Inc. -- VAPH
BALA CYNWYD, Pa., May 20, 2004 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC reminds shareholders that they have until June 07, 2004 in which to move for lead plaintiff in the securities class action lawsuit filed on behalf of shareholders who purchased the common stock and other securities of Vaso Active Pharmaceuticals, Inc. ("Vaso" or the "Company") (Pink Sheets:VAPH), between December 11, 2003 and March 31, 2004, inclusive (the "Class Period").
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Appellate Court Upholds Claims Against Goldman Sachs Charging Misconduct in Connection with the Underwriting of eToys' IPO -- GS
NEW YORK, May 20, 2004 (PRIMEZONE) -- New York's Appellate Division, First Department has upheld eToys' complaint charging Goldman Sachs with breaches of contract, fiduciary duty and professional malpractice relating to Goldman's role as lead underwriter of eToys' May 20, 1999 Initial Public Offering. The complaint alleges that on Goldman's recommendation the IPO was priced at $20 per share. On the first day of trading 13 million shares changed hands with prices reaching over $85 per share. The extraordinary demand for eToys' shares -- and the high price the public was willing to pay for them -- continued for many months after the IPO with approximately 300 million shares trading at prices as high as $86.