latest news releases from the newsroom
Law Offices Bernard M. Gross, P.C.
Philadelphia Firm Law Offices Bernard M. Gross, P.C Files Securities Class Action Lawsuit Against ATI Technologies, Inc. -- ATYT
PHILADELPHIA, Aug. 23, 2005 (PRIMEZONE) -- Law Offices Bernard M. Gross, P.C. (http://www.bernardmgross.com) announces that a class action lawsuit, numbered 05-4414, was commenced in the United States District Court for the Eastern District of Pennsylvania before the Honorable Thomas N. O'Neill, Jr. against defendants ATI Technologies, Inc. (Nasdaq:ATYT), Kwok Yuen Ho, Chairman of the Board of ATI; David E. Orton, President and Chief Executive Officer; and Patrick G. Crowley, Chief Financial Officer and Senior Vice President-Finance, on behalf of all persons who purchased the securities of ATI Technologies, Inc.(Nasdaq:ATYT) between October 7, 2004 and June 23, 2005.
EYI Industries Inc
EYI Industries Initial Sales From Code Blue Water Filtration System
BURNABY, British Columbia, Aug. 23, 2005 (PRIMEZONE) -- EYI Industries Inc. (OTCBB:EYII) (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that pre-launch sales of the patented Code Blue(tm) water filtration systems have surpassed expectations as 2,900 Code Blue(tm) units have been ordered in advance of any promotion.
Vitasti Partners with Leading Nutrition, Neutraceutical and Sports Manufacturer -- Company President Scheduled for Audio Interview
NEW YORK, Aug. 23, 2005 (PRIMEZONE) -- Vitasti, Inc. (OTCBB:VITS) (the "Company") is pleased to announce that is has successfully signed an agreement with a full service private label manufacturing facility ("MF") specializing in the production of natural-source nutritional, herbal, and sports nutrition products. The name of the organization will be announced in a separate release within the week once particulars have been finalized. Both organizations have immediately begun formulation of a line of Acai Berry products for its own label and for private label production for other organizations.
Stratus Services Group, Inc.
Stratus Services Group, Inc. Reports on Status of Negotiations With Certain Shareholders
MANALAPAN, N.J., Aug. 23, 2005 (PRIMEZONE) -- Stratus Services Group, Inc., the SMARTSolutions(TM) Company (OTCBB:SSVG), announced today that it continues to dialogue with Pinnacle Investment Partners, L.P. ("Pinnacle") and Essex & York, Inc. ("Essex"), in an attempt to resolve issues previously reported in the Company's Report on Form 10-Q for the quarter ended March 31, 2005, and the Company's Form 10-Q for the quarter ended June 30, 2005. Essex, the Underwriter of the Company's public offering of Common Stock and Warrants that was completed in August 2004, and Pinnacle, a holder of the Company's Common Stock and Series I Preferred Stock, expressed disappointment with the Company's fundamental performance and management issues. While the Company has had continuing discussions with these parties over the last several months in an attempt to avoid any potential litigation, the Company has not yet been able to reach a final resolution of all our differences, and there can be no assurance that the Company will be able to do so. Nevertheless, the Company's Board remains committed to working together with all parties to attempt to reach a mutually satisfactory result.
Beneficial Holdings, Inc.
Beneficial Holdings, Inc. Files Action Against CVS/Pharmacy
SALT LAKE CITY, Aug. 23, 2005 (PRIMEZONE) -- Beneficial Holdings, Inc. (Pink Sheets:BFHJ) commenced legal action against retailer CVS Pharmacy, Inc. (NYSE:CVS) as well as its product broker Contemporary Marketing Inc. after months of attempting to collect payment for product Beneficial manufactured and shipped to CVS in response to CVS purchase orders. The lawsuit is currently pending in the United States District Court, Civil No.: 2:05CV0439. CVS subsequently filed an action in the District Court in Rhode Island seeking to have the issues regarding payment of Beneficial's invoices heard in its home-town court. The District Judge in Utah will determine if Beneficial's claims will remain in Utah or be tried in Rhode Island. Beneficial's lawsuit alleges several causes of action against each defendant including fraud, breach of contract, interference with contractual relations and, most significantly, failure on the part of CVS to pay its bill in the approximate amount of $1.2 million. The lawsuit further alleges that CVS's failure to pay for the product it has received has caused Beneficial substantial damage including the loss of $1.2 million in revenues as well as millions of additional dollars in lost profits and sales.
Fibre Channel Industry Association
Fibre Channel Industry Association Elects New Board of Directors
SAN FRANCISCO, Aug. 23, 2005 (PRIMEZONE) -- The Fibre Channel Industry Association (FCIA), a non-profit international organization of manufacturers, systems integrators and vendors, today announced its newly elected Board of Directors for 2005/2006. The Fibre Channel Industry Association provides leadership and guidance to the growing storage networking market, in which Fibre Channel technology is a critical component of today's mission critical storage infrastructures.
Klayman & Toskes P.A.
Notice to All Delta Airlines Shareholders and Employee Stock Option Plan Participants
NEW YORK, Aug. 23, 2005 (PRIMEZONE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous aggrieved investors throughout the nation, encourages all Delta Airlines Shareholders and Employee Stock Option Plan Participants to explore their legal options as they may be eligible to obtain a potential recovery due to the deflation of Delta Airlines, Inc. stock (NYSE:DAL). Amid bankruptcy rumors and record oil prices, many full-service brokerage house analysts have recently downgraded Delta Airlines stock from "neutral" to "sell." Experiencing a 52-week high of $52.75 per share on January 5, 2001, the price of Delta Airlines stock has now plummeted to an astounding low of $1.40 per share. If an investor maintained a concentrated position after receiving an allocation of Delta Airlines stock, or following the "exercise and hold" of Delta Airlines stock options, the value of the portfolio has probably incurred severe losses.
Klayman & Toskes P.A.
Notice to All Natural Resource Partners Investors from the Securities Arbitration Law Firm of Klayman & Toskes, P.A.
NEW YORK, Aug. 23, 2005 (PRIMEZONE) -- The Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous aggrieved investors throughout the nation, is presently investigating claims regarding Natural Resource Partners L.P.'s (NYSE:NRP) recent announcement that it has issued an initial public offering of subordinated units, now being traded on the New York Stock Exchange ("NYSE") under the symbol NSP (NYSE:NSP), on behalf of an institutional client who recently purchased the new NSP stock. According to K&T, the institutional client purchased the NSP stock under the belief that he was investing in a secondary stock offering of Natural Resource Partner L.P. stock, rather than the stock of a completely new entity, now known as NSP.