latest news releases from the newsroom
American Realty Investors, Inc.
American Realty Investors Amends 2002 Results
DALLAS, Oct. 11, 2002 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) announced Friday that the company has amended its 2002 second quarter and six months reporting to reflect net losses of $15.23 million and $24.78 million, or $1.34 and $2.18 per share, on revenues of $38.64 million and $76.92 million, respectively, as compared to net incomes of $7.93 million and $9.68 million, or $.78 and $.96 per share, on revenues of $48.09 million and $89.54 million, respectively, in the 2001 comparable periods.
Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin Awards $1,017,000 in Company Investments
PHILADELPHIA, Oct. 11, 2002 (PRIMEZONE) -- Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) has recently invested more than $1 million in five southeastern Pennsylvania technology companies, Fairmount Automation, Gentis Inc., NovaPlex Technologies, Inc., RetinaPharma Technologies, Inc. and Vaticor, Inc. for prototype and product development. These companies join Ben Franklin's portfolio of approximately 135 companies, representing more than $17 million currently invested in southeastern Pennsylvania. Profile and investment information is outlined below.
Exus Networks, Inc.
Exus Appoints Advisors in United Arab Emirates and Holds Discussions with Thuraya Satellite Telecommunications Co.
NEW YORK, Oct. 11, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) today announced the appointment of Mr. Nassar Al-Maisary and Retired Major General Hazza Sultan Al Darmaki as advisors to Exus. Mr. Al-Maisary is a well-established businessman with excellent contacts in the Middle Eastern and African Markets. During the last 25 years, Mr. Al-Maisary has assisted companies develop businesses and joint ventures, lobbied governments on his clients behalf and raised investment capital for many companies around the world. Retired Major General Hazza Sultan Al Darmaki is now Chairman and CEO, of High Standard Group headquartered in Abu Dhabi, UAE. High Standard Group will represent Exus' interests and assist in marketing Exus Educational products in the UAE.
Neoware Systems Displays the Latest in Thin Client Appliance Solutions at COMMON 2002 Fall Conference and Expo
KING OF PRUSSIA, Pa., Oct. 11, 2002 (PRIMEZONE) -- Neoware Systems (Nasdaq:NWRE), the leading supplier of award-winning software, services, and solutions for the server-based appliance computing market, will display its complete server-based and appliance computing solutions in booth #600 at COMMON 2002 Fall Conference and Exposition at the Colorado Convention Center, Denver, CO on October 13-15, 2002.
Abbey Spanier Rodd & Abrams, LLP
Abbey Gardy, LLP Commences Class Action Securities Fraud Suit Against Electronic Data Systems Corp. -- EDS
NEW YORK, Oct. 11, 2002 (PRIMEZONE) -- The law firm of Abbey Gardy, LLP has filed a class action against Electronic Data Systems (EDS" or the "Company") (NYSE:EDS) in the United States District Court for the Eastern District of Texas, on behalf of all persons or entities who purchased securities during the period from April 22, 2002 and September 24, 2002, inclusive (the "Class Period"). The suit names the Company, its Chairman and Chief Executive Officer Richard H. Brown, it Vice Chairman Paul Chiapparone and its Chief Financial Officer James E. Daley as defendants.
Telia AB has Filed a Listing Application to the Helsinki Exchanges
STOCKHOLM, Sweden, Oct. 11, 2002 (PRIMEZONE) -- Telia (Other OTC:TLAAF) (London:TLIAq) has today submitted a listing application to the Helsinki Exchanges. Telia's listing on the Helsinki Exchanges relates to the combination of the Swedish-company Telia and the Finnish-company Sonera and is subject to completion of the relating exchange offer launched by Telia to holders of Sonera shares and warrants.
Barrow Street Research, Inc.
Barrow Street Research Analyst Expands on AdZone Research Recommendation
NEW YORK, Oct. 11, 2002 (PRIMEZONE) -- IPOdesktop.com, continuing its Internet radio series: "Defense and Homeland Security Applications Open New Markets for AdZone Research" (OTCBB:ADZR), today features Barrow Street Research analyst John Attalienti. Earlier this week, the independent research firm issued a speculative buy recommendation on the company, saying it had "the potential to be a huge micro-cap winner."