latest news releases from the newsroom
Capital Research Group, Inc
TheSUBWAY.com Announces Temporary Removal of Limelight Media Group, Inc., LMMG, from Its Website
WESTON, Fla., Aug. 26, 2004 (PRIMEZONE) -- TheSUBWAY.com Announces Temporary Removal of Limelight Media Group, Inc. (OTCBB:LMMG) from its website. All material released by TheSUBWAY.com regarding Limelight Media Group, Inc. was prepared by TheSUBWAY.com, Inc. based upon information supplied by the company or other sources believed to be reliable. Information was provided to TheSUBWAY.com by Bill Kepler and David Lott, President on several conversations, and in several email communications beginning August 17, that were used to produce the company report sent to our subscriber base. Mr. Lott signed and approved the report prior to issuance. TheSUBWAY.com on August 25, 2004 was called by Peter Kertes, who then identified himself as a Director of LMMG. Mr. Kertes stated that the information in TheSUBWAY.com email of LMMG was inaccurate. Until this situation can be clarified, TheSUBWAY.com has removed LMMG from its website.
Family, Heritage and Business Celebrated at Festival Peachtree Latino
ATLANTA, Aug. 26, 2004 (PRIMEZONE) -- Church's Chicken(tm), a division of AFC Enterprises, Inc. (Nasdaq: AFCE), is a Premier Diamond sponsor of the Festival Peachtree Latino 2004 at Underground Atlanta, on Sunday, August 29. Participation in the event is a part of the new Church's Crunch campaign, which focuses on connecting with its loyal and diverse customer base. Festival Latino is an all day event that features food tasting, a parade and performances by internationally known artists, including Tito Nieves. Considered an international event, as well as a link between corporations and the Hispanic community, last year's event boasted more than 50,000 people in attendance.
Quanex Building Products Corporation
Quanex Announces Fiscal Third Quarter 2004 Results
HOUSTON, Aug. 26, 2004 (PRIMEZONE) -- Quanex Corporation (NYSE:NX) announced fiscal third quarter results for the period ending July 31, 2004. Net sales were a record $424.1 million in the quarter, up 71% over a year ago, and included net sales of $106.5 from the Company's recent acquisitions of MACSTEEL Monroe and TruSeal Technologies. Demand at the Vehicular Products and Building Products segments was robust throughout the quarter, and backlogs remain healthy for the remainder of the fiscal year. Operating income was a record $35.3 million, and income from continuing operations was $21.0 million, up 40% compared to last year's third quarter. Diluted earnings per share from continuing operations were $1.26, up 37% from a year ago.
Innova Holdings, Inc.
Innova Holdings, Inc. Announces Closing of Divestiture of Hy-Tech Computer Systems, Inc.
FORT MYERS, Fla. , Aug. 26, 2004 (PRIMEZONE) -- Innova Holdings, Inc. (OTCBB:IVHG) ("Innova") today announced that the divestiture of Hy-Tech Computer Systems, Inc. ("HTCS") to Aegis Funds, Inc. ("Aegis") has been completed. The sale of HTCS was a condition of the just completed acquisition by Innova of Robotic Workplace Technologies, Inc. ("RWT"). As previously announced, this transaction is in keeping with Innova's growth strategy to move away from its legacy distribution business and to acquire unique technology companies.
Gateway International Holdings, Inc.
Gateway International to trade post-split effective August 27, 2004
ANAHEIM, Calif. , Aug. 26, 2004 (PRIMEZONE) -- Gateway International Holdings, Inc. (Pink Sheets:GWIH) announced today that it has received confirmation from Nasdaq that effective at the start of trading on Friday August 27, 2004, the Company's current ticker symbol, GWIH, will be changed to GWYI. The symbol change was expected and comes as a result of the Company's previously announced 2-for-1 forward stock split. The split is mandatory and payable upon surrender.
Power3 Medical Products
Power3 Medical's Dr. Ira L. Goldknopf to Report the Discovery of an Early Detection Biomarker for Breast Cancer at the Protein Biomarkers 2004 Conference
THE WOODLANDS, Texas, Aug. 26, 2004 (PRIMEZONE) -- Power3 Medical Products, Inc. (OTCBB:PWRM) a leading proteomics company, announces that Dr. Ira L. Goldknopf, Chief Scientific Officer, will report on the company's discovery of a biomarker for early detection of breast cancer at the Cambridge Healthtech Institute's Second Annual Protein Biomarkers Conference. The conference will be held in Philadelphia, Pennsylvania at the Wyndham Hotel, September 8th through 10th, and will cover the latest developments in the application of proteomics to diagnostics, drug development, and the monitoring of drug toxicity.
Arcturus Ventures Inc
Arcturus Options Esperanza to Amera Resources
VANCOUVER, B.C., Aug. 26, 2004 (PRIMEZONE) -- Arcturus Ventures (TSX Venture Exchange:AZN) (Other OTC:AZNVF) is pleased to announce that the Company has signed a Letter of Intent with Amera Resources Corporation (TSX Venture Exchange:AMS) to option Arcturus' 100% held Esperanza Property located in northern Arequipa approximately 600 km southeast of Lima. The Esperanza Property consists of 3 claims totaling 3,000 hectares (30 square kilometres), which are held by Arcturus' wholly owned Peruvian subsidiary, Exploraciones Coropuna S.A.C. This option remains subject to regulatory approval and is intended to be replaced by a formal agreement at a later date.
Emerson Poynter LLP
Emerson Poynter LLP Announces Class Action Lawsuit Against Cross Country Healthcare on Behalf of Investors -- CCRN
LITTLE ROCK, Ark., Aug. 26, 2004 (PRIMEZONE) -- On August 5, 2004, a securities fraud class action lawsuit was filed in the Southern District of Florida against Cross Country Healthcare, Inc. (Nasdaq:CCRN). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of concealing the demand for the Company's services to the market which had the effect of artificially inflating the market price. The complaint further alleges Cross Country Healthcare, Inc. concealed from the investing public that the Company was experiencing problems with staffing orders for temporary nurses and orders were abruptly cancelled by hospitals, which if this information was disclosed to the investing public, would have a materially negative impact on the Company's stock price. The Class Period is from October 25, 2001 through August 6, 2002, and the Class included purchasers of Cross Country securities during the Class Period.