latest news releases from the newsroom
Madison Bay Holdings, Inc. --
Madison Bay Enters Agreement for the Manufacturing of the Stiletto RV and Future Products
SEATTLE, Oct. 7, 2005 (PRIMEZONE) -- Madison Bay Holdings, Inc. (Pink Sheets:MDBY), a marketer and distributor of Recreational Vehicles, Powerboats and Leisure Watercraft, announced that the Company has signed a Letter of Intent with Platypus Marine Inc., a leading builder of luxury and mega yachts, for the manufacturing of Summit Coaches product lines, including the various models of the "Stiletto" Recreational Vehicle (RV). Platypus Marine also specializes in the refurbishing of high quality mega yachts.
Emtec, Inc. Announces Final Results of Self Tender Offer
TRENTON, N.J., Oct. 7, 2005 (PRIMEZONE) -- Emtec, Inc. (OTCBB:ETEC) today announced the final results of its self tender offer which expired at midnight, New York City time, October 4, 2005. In the tender offer, Emtec offered to purchase for cash up to 2,864,584 shares of its common stock at a price per share of $1.92.
PIMCO Municipal Advantage Fund
Municipal Advantage Fund to Exclusively Use Moody's to Rate Its Preferred Shares
NEW YORK, Oct. 7, 2005 (PRIMEZONE) -- Allianz Global Investors Fund Management LLC, the investment manager to Municipal Advantage Fund Inc. (the "Fund") (NYSE:MAF), a closed-end management investment company that seeks a high-level of current income exempt from regular federal income taxes, today announced that the Board of Directors of the Fund approved the exclusive use of Moody's Investors Services to continue to rate its preferred shares. The preferred shares are currently rated "Aaa" by Moody's.
Bionutrics Announces the Funding of Bridge Financing
PHOENIX, Oct. 7, 2005 (PRIMEZONE) -- Bionutrics, Inc. (OTCBB:BNRX), a specialty pharmaceutical company engaged in the development and commercialization of oral controlled-release generic drugs and improved formulations of previously approved drugs based upon proprietary drug delivery technologies (505(b)(2) applications), announced today that on October 3, 2005, it received bridge financing in the amount $1,590,500. The proceeds of the financing were used to meet the Company's obligation to pay En-Em Nostrum Remedies, Pvt. Ltd. of Bombay, India ("En-Em") for research and development work undertaken on certain oral controlled-release generic and 505(b)(2) prescription drug candidates rights to which the Company previously licensed from Nostrum Pharmaceuticals, Inc. of Edison, NJ.
Delta Air Lines, Inc.
Delta Air Lines Common Stock to Cease Trading on New York Stock Exchange
ATLANTA, Oct. 7, 2005 (PRIMEZONE) -- Delta Air Lines announced today that it has been advised by the New York Stock Exchange (NYSE) that its common stock -- ticker symbol DAL -- and its 8 1/8% Notes due July 1, 2039 -- ticker symbol DNT -- will be suspended from trading on the NYSE on October 13, 2005, and that the NYSE will submit an application to the Securities and Exchange Commission to delist these securities.
Notice of Filing Securities Class Action Against Immucor, Inc.
NEW YORK, Oct. 7, 2005 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit in the United States District Court, Northern District of Georgia, Atlanta Division, against Immucor, Inc. ("Immucor") or the "Company") (Nasdaq:BLUD)(Nasdaq:BLUDE) and certain of its officers and directors, on behalf of purchasers of the common stock of Immucor during the period from January 7, 2005 to August 29, 2005, inclusive (the "Class Period").
Lazare Kaplan International
Lazare Kaplan International Inc. to Webcast Fiscal 2006 First Quarter Results
NEW YORK, Oct. 7, 2005 (PRIMEZONE) -- Lazare Kaplan International Inc. (AMEX:LKI), a manufacturer and marketer of diamonds and jewelry products, intends to release its fiscal 2006 first quarter financial results prior to the market open on Wednesday, October 12, 2005. In conjunction with this release, the Company will hold a conference call conducted by senior management, which will be broadcast live over the Internet.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Reports Titusville Employee Work Stoppage Continues
BRIDGEVILLE, Pa., Oct. 7, 2005 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that the Titusville facility hourly employees, represented by Local 7312-03 of the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO -- CLC, have rejected a second collective bargaining agreement offered by the Company that included increased wages and other benefits. The employees rejected an initial offer from the Company and commenced a work stoppage at the Titusville facility on October 1, 2005, as previously reported. The most recent agreement expired on September 30, 2005.
Delta Air Lines, Inc.
Delta Resumes Full Flight Schedule
ATLANTA, Oct. 7, 2005 (PRIMEZONE) -- Delta Air Lines is resuming its full flight schedule after canceling select flights as part of the carrier's emergency fuel conservation efforts adopted to address critical fuel shortages that were created by Hurricanes Katrina and Rita. This short-term emergency fuel conservation initiative lasted approximately two weeks, and will end this Saturday, as fuel supplies in the Southeast have stabilized following damages sustained from Hurricanes Katrina and Rita.