latest news releases from the newsroom
Completion of Prudential Financial, Inc. (US) Acquisition of American Skandia
STOCKHOLM, Sweden, May 1, 2003 (PRIMEZONE) -- On December 20, 2002 it was announced that Prudential Financial, Inc. (US) ((NYSE:PRU) aquires American Skandia. The transaction has now been completed after all necessary regulatory approvals having been obtained. Prudential Financial, Inc. (US) acquisition of American Skandia was completed on May 1, 2003.
Chitwood & Harley
11 Days Left To File Lead Plaintiff Papers, Chitwood & Harley LLP Reminds Purchasers of Securities of King Pharmaceuticals -- KG
ATLANTA, May 1, 2003 (PRIMEZONE) -- Chitwood & Harley, LLP, which previously filed a class action lawsuit in the United States District Court for the Eastern District of Tennessee, Northern Division at Greenville on behalf of purchasers of securities of King Pharmaceuticals, Inc., ("King Pharmaceutical" or the "Company") (NYSE:KG) reminds KG purchasers that the deadline to file lead plaintiff papers is May 12, 2003. Chitwood & Harley's original complaint is brought on behalf of purchasers of KG securities between February 16, 2000 and March 10, 2003. However, the firm is currently investigating expanding the class period to April 26, 1999 through March 10, 2003 (the "Class Period"). A copy of a complaint in the action is available on our website, www.classlaw.com.
OneSource Technologies, Inc.
New Management Team Installed at OneSource
SCOTTSDALE, Ariz., May 1, 2003 (PRIMEZONE) -- OneSource Technologies, Inc. (OTCBB:OSRC) today reported that the Board of Directors of the Company appointed a new management team to take over the day-to-day operations of the Company, installing Michael L. Hirschey as the Company's new Chief Executive Officer and Director. Other members of the new team include, Stephen K. McEvoy, Vice-President of Operations, Sherman O. (Spike) Kasper, Vice-President of Business Development and Len Ksobiech, Chief Financial Officer. Also at the Board meeting Thomas Glasgow was replaced as acting COO and Chairman and Jerry Washburn resigned as President and CEO but retained his position as Director. Donald E. McIntyre, an outside Director since 2001, was elected Chairman.
Law Offices of Brian M. Felgoise, P.C.
Law Offices of Brian M. Felgoise, P.C. Announces Class Action Lawsuit Against Gainsco, Inc. -- GNAC
JENKINTOWN, Pa., May 1, 2003 (PRIMEZONE) -- Law Offices of Brian M. Felgoise, P.C. today announced that a securities class action has been commenced on behalf of shareholders who acquired Gainsco, Inc. (OTCBB:GNAC) securities between November 17, 1999 and February 7, 2002, inclusive (the Class Period).
Harsco's Heckett MultiServ Division Awarded New 10-Year Contract in Australia
HARRISBURG, Pa., May 1, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its Heckett MultiServ division, the world's leading provider of on-site, outsourced services to steel mills and other metals producers, has been awarded a new 10-year contract to briquette and recycle steel production by-products at Australia's largest steelmaker, BHP Steel's Port Kembla works.
Northrop Grumman Corp.
Northrop Grumman Wins $120 Million IT Outsourcing Contract from Vought Aircraft
HERNDON, Va., May 1, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has been awarded a follow-on contract to provide a wide range of commercial information technology (IT) outsourcing services to Vought Aircraft Industries, Inc., Dallas, Texas. This contract allows Northrop Grumman to continue managing Vought's IT infrastructure, improving its return on IT investments, and implementing a common operating environment.
Advanced Lighting Technologies, Inc
Advanced Lighting Technologies Appoints its COO to its Board of Directors
SOLON, Ohio, May 1, 2003 (PRIMEZONE) -- Advanced Lighting Technologies, Inc. (OTCBB:ADLTQ) announced today that Sabu Krishnan, the Company's Chief Operating Officer, has been appointed to ADLT's Board of Directors. Mr. Krishnan's successful creation of Venture Lighting's Indian metal halide facility, the largest production facility for metal halide lamp/ballast components in the Pacific Rim, has enabled ADLT's Venture Lighting Operation to grow both revenues and profits in the most challenging economy in the last decade. Krishnan has a BS degree in Mechanical Engineering from the University of Kerala and received his MBA in Finance from the University of Pittsburgh and has been with ADLT since 1995.