latest news releases from the newsroom
Nayna Networks, Inc.
Nayna Networks Chief Technology Officer, Dr. Raj Jain Co-Chairs Broadband Access Communication Technologies Conference
SANTA CLARA, Calif., Sept. 28, 2006 (PRIMEZONE) -- Nayna Networks, Inc., (OTCBB:NAYN), a provider of next generation network solutions headquartered in Santa Clara, California, USA, today announced that Dr. Raj Jain will be co-chairing the 2-day conference on Broadband Access Communications Technology. The conference is a part of Optics East sponsored by the International Society of Optical Engineering (SPIE).
Mammoth Energy Group Announces Operational Update On Its Kansas Projects
DENVER, Sept. 28, 2006 (PRIMEZONE) -- Mammoth Energy Group Inc. (Pink Sheets:MMTH) announced today that its wholly owned subsidiary, ProTerra Oil & Gas Exploration, Inc., has secured leases in Montana, Kansas, and Colorado that increase its total net acreage under lease to about 13,000 net acres. Included in this acreage are about nine prospects in Kansas, two of which were successfully drilled and completed in August and September.
Metso to Dismantle Its Ventures Business Area
HELSINKI, Finland, Sept. 28, 2006 (PRIMEZONE) -- Metso Ventures business area will be dismantled as of January 1, 2007. Two of the three foundries currently under Metso Ventures will be transferred under Metso Paper and one under Metso Minerals as separate profit units. Metso Panelboard will become a Metso Paper profit unit. The expansion of Metso Powdermet's sphere of operations into a materials technology RTD unit is being investigated. Valmet Automotive will be reported as a separate financial holding unit. Vesa Kainu, President of Metso Ventures, will retire on February 28, 2007.
The Pomerantz Firm Charges Dell Inc. With Securities Fraud -- DELL
NEW YORK, Sept. 27, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit in the United States District Court Western District of Texas, against Dell Inc. ("Dell" or the "Company") (NYSE:DELL) and certain officers, on behalf of purchasers of the common stock of the Company during the period from February 13, 2003 through September 8, 2006, inclusive (the "Class Period"). The complaint alleges violations of Section 10(b) and Section 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder.
Harsco Corporation Declares Regular Quarterly Cash Dividend
HARRISBURG, Pa., Sept. 27, 2006 (PRIMEZONE) -- The Board of Directors of Harsco Corporation (NYSE:HSC) today declared a regular quarterly cash dividend of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable November 15, 2006 to stockholders of record as of October 16, 2006.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Encysive Pharmaceuticals, Inc. -- ENCY
HARTFORD, Conn., Sept. 27, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of Texas on behalf of all persons who purchased the publicly traded securities of Encysive Pharmaceuticals Inc. ("Encysive" or the "Company") (Nasdaq:ENCY) between February 19, 2004 and March 24, 2006, inclusive, (the "Class Period"). Also included are those who purchased in a secondary offering on or around September 9, 2004.
Home BancShares, Inc.
Home BancShares, Inc. Announces Third Quarter Earnings Release Date and Conference Call
CONWAY, Ark., Sept. 27, 2006 (PRIMEZONE) -- Home BancShares, Inc. (Nasdaq:HOMB) today announced it expects to release Third Quarter 2006 earnings prior to the market opening on Thursday, October 19, 2006. Following this release, management will conduct a conference call to review this information at 1:00 p.m. CST (2:00 EST) on Thursday, October 19, 2006.
Changes on AutoZone Board
MEMPHIS, Tenn., Sept. 27, 2006 (PRIMEZONE) -- AutoZone, Inc. (NYSE:AZO) announced today that Edward S. Lampert, the Chairman and CEO of ESL Investments, Inc. ("ESL") and Chairman of Sears Holdings Corporation, will not be standing for re-election to the AutoZone Board of Directors, in order to devote more time to other duties at ESL and Sears Holdings. The Board has nominated Theodore W. Ullyot, Executive Vice President and General Counsel of ESL, to fill the Board seat vacated by Mr. Lampert.