Much Shelist Freed Denenberg Ament & Rubenstein
CHICAGO, May 19, 2003 (PRIMEZONE) -- Much Shelist Freed Denenberg Ament & Rubenstein, P.C. announces that a class action lawsuit is pending in the United States District Court for the Northern District of Illinois on behalf of purchasers of the securities of Sara Lee Corporation (NYSE:SLE) ("Sara Lee" or the "Company") between August 1, 2002 and April 24, 2003, inclusive ("Class Period").
HARRISBURG, Pa., May 19, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its Patent Construction Systems division has entered into a new, open-ended agreement with Northrop Grumman Corporation to provide scaffolding and related access services at its Gulfport, Mississippi shipyard, where some of the United States' newest and most advanced Naval ships are being constructed. Additional locations are also under discussion.
CES International Names Walter Kalsow Executive Vice President Product Development and Services
ATLANTA, May 19, 2003 (PRIMEZONE) -- CES International, a developer of operations and network management software for the utility industry, has named industry veteran Walter Kalsow executive vice president of product development and services.
SAN DIEGO, May 19, 2003 (PRIMEZONE) -- The U.S. Navy has moved one step closer to operational capability for its RQ-8A Fire Scout vertical takeoff and landing tactical unmanned aerial vehicle (UAV) with the on-time delivery of the second production unit by its maker, Northrop Grumman Corporation (NYSE:NOC).
Bure Equity Further Reduces its Exposure to Venture Capital
GOTHENBURG, Sweden, May 19, 2003 (PRIMEZONE) -- Bure Equity (Other OTC:BRVVF): in accordance with its previous strategic decision, Bure continues to reduce its involvement in the venture capital sector and indirect assets.
Precise Biometrics Implements Cost Reduction Program
LUND, Sweden, May 19, 2003 (PRIMEZONE) -- Precise Biometrics AB (Other OTC:PBMTF) has resolved to implement a program to reduce the company's current costs. This measure will have the effect, among other things, of achieving positive cash flow more quickly. The company estimates that approximately ten people of a total of 47 employees may need to leave the company. Besides reducing costs, the program will also enhance the company's focus on sales of IT security products, primarily on the US market. Within the framework for the planned cost reduction program, the company plans to reduce the number of employees in its head office in Lund, in areas such as administration, sales, management and support functions.
Small Town Radio Files For Reorganization under Chapter 11
ATLANTA, May 19, 2003 (PRIMEZONE) -- Small Town Radio, Inc. (OTCBB:STWI) announced that on Sunday, May 18, 2003, it filed for reorganization under Chapter 11 of the Federal Bankruptcy Act. Mr. Dan Hollis, Chairman and CEO, stated: "The filing became necessary both to preserve the Company's assets for the benefit of its proven creditors as well as to provide the Company with breathing room to reorganize its business and its financial structure." Mr. Hollis added: " We anticipate continuing to operate in the ordinary course during the Chapter 11 process and filing a plan for reorganization in due course as contemplated by the Bankruptcy Act."
Virco's Lunada(r) Internet Cafe: A Refreshing NeoCon(r) Destination
TORRANCE, Calif., May 19, 2003 (PRIMEZONE) -- Virco (AMEX:VIR):
Photo Release -- Northrop Grumman Receives $113 Million for 17th Joint STARS Aircraft
MELBOURNE, Fla., May 19, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has received a final $113 million increment of a $257 million contract for production of the 17th E-8C Joint Surveillance Target Attack Radar System (Joint STARS) aircraft.
Volvo Aero Issues Preliminary Lay-Off Notice
GOTEBORG, Sweden, May 19, 2003 (PRIMEZONE) -- The corporate management of Volvo Aero has today decided to submit preliminary notice of redundancy measures affecting 250 employees in Trollhattan to the County Labor Board. Of the employees affected, 150 are active within VA (blue-collar) and 100 within TA (white-collar).
