latest news releases from the newsroom
Osmotics Pharma, Inc. and OnSource Corporation Complete Merger
DENVER, May 11, 2005 (PRIMEZONE) -- OnSource Corporation ("OnSource") (OTCBB:OSCE) has completed its planned merger with Osmotics Pharma, Inc. ("OPI"), a specialty pharmaceutical company focused on dermatology, oncology and infectious disease. Pending approval from OnSource's shareholders, the company intends to change its name and operate under the name Ceragenix Pharmaceuticals.
ViroPharma Announces Debt Reduction Of $29 Million
EXTON, Pa., May 11, 2005 (PRIMEZONE) -- ViroPharma Incorporated (Nasdaq:VPHM) today announced the purchase of $29.0 million of its outstanding 6% convertible subordinated notes due March 2007. ViroPharma purchased these notes for $27.9 million. Through this purchase, the company has reduced the aggregate principal amount of its outstanding 2007 convertible subordinated notes to $98.9 million.
Van Lanschot NV
Van Lanschot Optimistic About 2005 Profit
'S-HERTOGENBOSCH, Netherlands, May 11, 2005 (PRIMEZONE) -- At the presentation of the 2004 annual results on 17 March 2005, Van Lanschot NV announced it expected a further increase in earnings per share in 2005. At the General Meeting of Shareholders held today, the Bank announced an upward adjustment to this outlook. Barring unforeseen circumstances, it now believes that the increase in operating earnings per share(1) in 2005 will be in line with the medium-term target of an average of 10% per annum.
Northrop Grumman Corp.
Northrop Grumman to Conduct Annual Shareholders Meeting
LOS ANGELES - May 11, 2005 - Northrop Grumman Corporation (NYSE: NOC) will conduct its annual shareholders meeting on Tuesday May 17, 2005. The meeting, which includes a presentation by Ronald D. Sugar, Northrop Grumman chairman, chief executive officer and president, will be webcast beginning at 11 a.m. EDT at www.northropgrumman.com. An audio replay will be available for two weeks.
Azur International Inc
Azur Shell Landing Resort Acquires Shell Landing and Luxury Condominiums in Pre-sales
GAUTIER, Miss., May 11, 2005 (PRIMEZONE) -- Azur Shell Landing Resort, Inc. (Pink Sheets:AZRI) announced today that it has acquired Shell Landing Development Inc. Shell Landing Development is a gated community consisting of 1200 acres in Gautier, Mississippi, which includes 45 previously developed residential lots, 80 acres to be developed commercially, and approximately 800 acres to be developed as estate lots, resort villas, townhomes, condominiums and an apartment complex. Future plans for additional recreational amenities at the resort community will include the development of a second 18-hole golf course at the resort, a swim and racquet club, a marina and an equestrian center.
Triton Teams with EQUUS to Bring Advanced Water Purification Technology to US Market
RESTON, Va., May 11, 2005 (PRIMEZONE) -- Triton Technologies (Pink Sheets:TNTG) today announced that the Company has entered a licensing and master distribution relationship with EQUUS Environmental of Auckland, New Zealand to sell and service EQUUS' E-Series of unique Vapor Compression Vacuum Distillation (VCVD) systems to the US Market. The Company's advanced technology can produce ultra-pure and potable water from any feed water source, including seawater and wastewater.