latest news releases from the newsroom
Reeves Telecom Acquisition Corp.
Reeves Telecom Acquisition Corp. Extends Expiration Date of Tender Offer for All Limited Partnership Units of Reeves Telecom Limited Partnership
GLEN HEAD, N.Y., Aug. 4, 2006 (PRIMEZONE) -- Reeves Telecom Acquisition Corp. ("RTAC") announced today that it has extended the expiration date of its previously announced tender offer to purchase for cash all outstanding limited partnership units (the "Units") of Reeves Telecom Limited Partnership, a South Carolina limited partnership (the "Partnership"), at a purchase price of $1.50 per Unit net to the seller in cash without interest. The tender offer applies also to shares of common stock (the "Shares") of Reeves Telecom Corporation, the predecessor of the Partnership, which have not been exchanged for Units on a 1-for-1 basis pursuant to the terms of the Corporation's 1979 plan of liquidation, as amended. Under the rules of the Securities and Exchange Commission, John S. Grace, the President and sole shareholder of RTAC, is deemed to be making the tender offer along with RTAC.
French Lick Resort Casino
The Donald Ross Course at French Lick Ready to Tee Off Sept. 9
FRENCH LICK, Ind, Aug. 4, 2006 (PRIMEZONE) -- With one month to go before the official opening of The Donald Ross Course at French Lick, executives from French Lick Resort Casino, which operates the course, met today with lead golf course architect Lee Schmidt, principal with Schmidt-Curley designs, and Michael Fay, president of the Donald Ross Society, to showcase the $4.6 million restoration progress of the famed golf course where Walter Hagen won the PGA Championship in 1924.
Toyota Motor North America, Inc.
Toyota Settles Harassment Lawsuit
NEW YORK, Aug. 4, 2006 (PRIMEZONE) -- Toyota Motor North America, Inc. (TMA), a subsidiary of Toyota Motor Corporation (TMC), today announced that it has reached an agreement to settle litigation involving claims of sexual harassment filed against TMC, TMA and TMA's former President and CEO, Hideaki Otaka, in May 2006 by a TMA employee, Ms. Sayaka Kobayashi. The parties resolved by mutual agreement to keep the terms of the settlement confidential.
Scott+Scott, LLC Files Class Action Lawsuit Against NPS Pharmaceuticals Inc. on Behalf of Investors -- NPSP
COLCHESTER, Conn., Aug. 4, 2006 (PRIMEZONE) -- Today, Scott+Scott, LLC, filed a class action against NPS Pharmaceuticals Inc. (Nasdaq:NPSP) ("NPS" or the "Company") and certain officers and directors in the U.S. District Court for the District of Utah. The action is on behalf of NPS securities purchasers during the period March 30, 2004, through May 2, 2006, inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934. NPS develops certain drugs, including PREOS, an investigational drug proposed to treat osteoporosis as an alternative to such drugs as Forteo and Fosamax. The complaint alleges that defendants made false and misleading statements regarding the safety profile of PREOS. As a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors.
SmallCap Sentinel: Betting on the Baby Boomers
IRVINE, Calif., Aug. 4, 2006 (PRIMEZONE) -- "Savvy investors are focusing on industries where the enormous population of aging Baby Boomers are now spending their money," stated SmallCap Sentinel analyst, D.R. Clark. "During the Baby Boomer years, approximately 76 million Americans were born. Today, this represents 28 percent of the American population. The aging of this demographic will naturally cause a greater consumption of imperative goods and services led most obviously by health care."