latest news releases from the newsroom
Competitive Technologies, Inc.
CTT Clients Awarded Over $54 Million Against Wyeth in Materna Litigation
FAIRFIELD, Conn., Aug. 14, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that US Senior District Court Judge John Kane of the US District Court for the District of Colorado yesterday issued a $54 million patent infringement judgment for fraud and unjust enrichment against Wyeth's (NYSE:WYE) American Cyanamid Co. unit, and in favor of CTT's client, the University of Colorado.
Dresser, Inc. Reports Second Quarter, 2002 Financial Results
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Dresser, Inc. today announced financial results for the second quarter ended June 30, 2002. The Company recorded revenues of $420.1 million for the period, an increase of 12.5% over the $373.4 million recorded for the same period last year. Operating income for the quarter ended June 30, 2002 was $34.6 million, a decrease of 19.2% compared to $42.8 million for the second quarter last year. EBITDA for the second quarter of 2002 was $44.9 million, a decrease of 20.0% from $56.1 million for the same period in 2001.
Wolf Popper LLP
Wolf Popper to Amend Securities Fraud Class Action Against Cryolife -- CRY
NEW YORK, Aug. 14, 2002 (PRIMEZONE) -- On August 14, 2002, the FDA ordered Cryolife (NYSE:CRY), a human tissue-processing firm, to recall distributed human tissue processed subsequent to October 3, 2001. The FDA issued the order because it determined that Cryolife cannot ensure that the human tissue it processes for transplantation is free from fungal and bacterial contaminants. A FDA spokeswoman has been quoted as stating that the order was "necessary to protect the public health." The FDA recall order will affect the majority of Cryolife's reported revenue.
Citadel Security Software Inc.
Citadel Security Software CEO & CFO File Financial Statement Certifications with SEC
DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Citadel Security Software Inc. (OTCBB:CDSS), a leading provider of vulnerability remediation and security software solutions, today announced the filing of the financial statement certifications by its Chief Executive and Chief Financial officers. The certifications, not required by the SEC for companies below $1.2 billion in revenue during their last fiscal year, were voluntarily submitted to the Commission on Form 8-K. The Company also completed the filing of its Form 10-QSB reporting on the results of operations through the second quarter of 2002.