latest news releases from the newsroom
KMG Chemicals, Inc.
KMG Chemicals Announces Acquisition of Rabon Product Line Assets
HOUSTON, Jan. 2, 2003 (PRIMEZONE) -- KMG Chemicals, Inc. (Nasdaq:KMGB), a global provider of specialty chemicals in carefully focused markets, today announced its acquisition of the Rabon insecticidal product lines of Boehringer Ingelheim Vetmedica, Inc. Boehringer Ingelheim Vetmedica, Inc. is an affiliate of the Boehringer Ingelheim group of companies headquartered in Ingelheim, Germany. The acquisition is effective as of December 30, 2002.
Pomerantz Haudek Block Grossman & Gross LLP: Spiegel Shareholders Have Until Friday February 14, 2003 to Seek Appointment as Lead Plaintiff -- SPGLA
NEW YORK, Jan. 2, 2003 (PRIMEZONE) -- According to Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com), which has filed a class action lawsuit against Spiegel, Inc. ("Spiegel" or the "Company") (Other OTC:SPGLA) and four of the Company's senior officers on behalf of investors who purchased the common stock of Spiegel during the period between April 24, 2001 and April 19, 2002, inclusive (the "Class Period"), shareholders have until Friday February 14, 2003 to seek appointment by the Court as one of the lead plaintiffs in this action.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Announces First Filed Class Action Against Carl Koenemann on Behalf of Purchasers of Motorola, Inc. Securities Alleging Violations of Federal Securities Law -- MOT
NEW YORK, Jan. 2, 2003 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Southern District of New York, case number 02-CIV-10209, on behalf of all persons or entities who purchased or otherwise acquired Motorola, Inc. ("Motorola" or the "Company") securities (NYSE:MOT) between February 3, 2000 and May 14, 2001, both dates inclusive (the "Class Period"). Carl F. Koenemann is named as a defendant in the action.
eLEC Communications Corp.
eLEC Announces Completion of Sale of Assets of Essex Communications
NEW ROCHELLE, N.Y., Jan. 2, 2003 (PRIMEZONE) -- eLEC Communications Corp. (OTCBB:ELEC) announced today that it has completed the sale of certain assets of its wholly owned subsidiaries, Essex Communications, Inc. ("Essex"), to Essex Acquisition Corp. ("EAC"), a wholly owned subsidiary of BiznessOnline.com, Inc. In connection with such sale, EAC assumed approximately $9.8 million of liabilities of Essex. All of Essex's customers, which constituted substantially all of eLEC's customers when the related sale agreement was executed, and the associated accounts receivable and interconnection agreements with the local incumbent carriers in seven states were transferred to EAC.
Exus Networks, Inc.
Exus Announces the Formation of EEN World University
NEW YORK, Jan. 2, 2003 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) (NIPHIX:EXUSG) today announced the formation of EEN World University, a subsidiary of Exus Networks, Inc. that will provide high-quality distant learning internationally, with a special focus on emerging Markets and Eastern Europe. EEN World University targets universities, governments and multinationals that will purchase pre-paid Smart EducationCards(tm) in bulk. Each Smart EducationCard(tm) allows for ten credits of courseware. Individual courses require 1 or more credits. Hundreds of courses are offered from leading suppliers, including SkillSoft, Distant Learning Inc., and Mount Sinai Medical School. Additional content partners will be added shortly.