latest news releases from the newsroom
DigiLava Expands to New Facility Due To Double-Digit Growth
SAN FRANCISCO, July 6, 2004 (PRIMEZONE) -- DigiLava, Inc. (Pink Sheets:DGLV), a recognized pioneer in Application Service Provider of rich-media direct response marketing for businesses and enterprises, announced today that they have established their headquarters in the heart of the Financial District of San Francisco and their facility resources to a NACIO data center in San Rafael, Marin County in California, to facilitate their rapidly growing work force and infrastructure needs. The facilities will host DigiLava's executive offices as well as its advanced research and development team, quality assurance team, and sales and marketing organization.
Horizon Offshore Inc.
Horizon Offshore Updates Guidance For 2004
HOUSTON, July 6, 2004 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) today announced updated guidance to the previous projected earnings before interest, taxes, depreciation and amortization (EBITDA) for 2004. The Company expects to report EBITDA of between $25 million and $35 million for the year ended December 31, 2004. Previous guidance was for an EBITDA of between $40 million and $50 million for 2004. The decrease in the projected EBITDA is due to a number of factors. The Company experienced unusually adverse weather in the U.S. Gulf of Mexico during the first half of 2004 and a fire on the Gulf Horizon on May 18, 2004 while in tow from the Gulf of Mexico to Israel. This required Horizon to substitute a comparable vessel to perform the Israel Electric Corporation contract. The Sea Horizon was strategically selected to replace the Gulf Horizon, allowing the contract to stay on schedule. The diversion of the Sea Horizon from its scheduled work in Southeast Asia to substitute for the Gulf Horizon will result in the loss of some revenues in Southeast Asia for the second half of 2004 and has adversely impacted projected EBITDA. The Sea Horizon will relocate to Southeast Asia after completion of the Israel Electric Corporation project.
Consolidated Travel Systems Inc.
Consolidated Travel Systems, Inc. Enters into Merger Agreement with Knobias Holdings, Inc.
SALT LAKE CITY, July 6, 2004 (PRIMEZONE) -- Consolidated Travel Systems, Inc. (OTCBB:COVSA) announced today that it has entered into an Agreement and Plan of Reorganization with Knobias Holdings, Inc., an innovative provider of complete financial market intelligence and applications to industry professionals, financial portals, and individual investors, providing for the reverse acquisition of Consolidated by Knobias. As a result of the acquisition, the directors and officers of Knobias will become directors and officers of Consolidated, Consolidated will change its name to "Knobias, Inc.," and it is expected that the Consolidated trading symbol will be changed to better reflect the new name.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Yukos Oil Company -- YUKOF, YUKOY
BALA CYNWYD, Pa., July 6, 2004 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Yukos Oil Company ("Yukos Oil" or the "Company") (Other OTC:YUKOF) (Pink Sheets:YUKOY), between February 13, 2003 and October 25, 2003 inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Yukos Oil Company -- YUKOY, YUKOF
BALTIMORE, July 6, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired ADRs of Yukos Oil Company (Other OTC:YUKOY) (Other OTC:YUKOF) (Russia:YUKO.RTS) between February 13, 2003 and October 25, 2003, inclusive (the "Class Period").