latest news releases from the newsroom
WorldWater & Solar Technologies
WorldWater & Power Corp. and Saint Joseph of the Palisades High School Sign Contract for $1.3 Million Rooftop Solar System
PENNINGTON, N.J., May 1, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, today announced that Saint Joseph of the Palisades High School of West New York, N.J., part of the Archdiocese of Newark, has contracted with WorldWater to purchase electrical energy for 10 years generated by a solar electric system. The solar panel array will be installed on the school's roof. Under WorldWater's Alternative Clean Energy Services (ACES) plan, St. Joseph's will not incur any start-up costs for the installation and the school will receives a 10% discount on their cost for power compared to their electric rate. The installation of the solar energy system at the school guarantees that the school will save money on electric costs immediately and on a long-term basis. The construction value of the project is $1.3 million.
MollyHunter.com Enters the E-Card Market With a Unique New Product
CHICAGO, April 30, 2006 (PRIMEZONE) -- A unique new entrant to the e-card market opened its e-commerce doors today. Molly Hunter E-cards (www.mollyhunter.com) are mini-movies starring two Greater Swiss Mountain Dogs, Jasper and Molly. The animated shorts tell universal stories of love and friendship, and are designed for use as e-cards.
Kahn Swick & Foti, LLC
KGS Announces That Shareholders of TNS, Inc. Have Until June 5, 2006 to File a Motion to Serve as Lead Plaintiff -- TNS
NEW ORLEANS, April 29, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of TNS, Inc. (NYSE:TNS) who purchased, exchanged or otherwise acquired the common stock of TNS on or about September 16, 2005 pursuant to the Company's Secondary Offering have until June 5, 2006 in which to move for appointment as lead plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the Eastern District of Virginia. No class has yet been certified in this action.
The Rosen Law Firm PA PC
Investor Notice: The Rosen Law Firm Announces Investigation on Behalf of Investors in Vitesse Semiconductor Corp. -- VTSS
NEW YORK, April 28, 2006 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) today announced that it has commenced an investigation into allegations that Vitesse Semiconductor Corp. ("Vitesse" or the "Company") (Nasdaq: VTSS) may have violated the federal securities laws by issuing false and misleading financial statements during the reporting periods for the three months ended December 31, 2005 and the three years ended September 30, 2005. On April 18, 2006 the Company shocked the market when it announced that it had appointed a Special Committee of independent directors to conduct an internal investigation relating to past stock option grants, the timing of such grants and related accounting and documentation. The Company also announced that it had put on "administrative leave" the Company's founder and current CEO Louis R. Tomasetta, the Company's CFO Yatin Mody, and the Company's Executive Vice President Eugene Hovanec. Following this announcement, Vitesse stock fell 20%.
Law Offices of Howard G. Smith
Smith & Smith LLP Provides Update to Class Action Lawsuit Against Northfield Laboratories, Inc. -- NFLD
BENSALEM, Pa., April 28, 2006 (PRIMEZONE) -- Smith & Smith LLP announces a May 19, 2006, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of shareholders who purchased securities of Northfield Laboratories, Inc. ("Northfield Labs" or the "Company")(Nasdaq:NFLD) between February 20, 2004 and February 21, 2006, inclusive (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the Northern District of Illinois.
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP -- Representing Shareholders of Merge Technologies, Inc. -- Announces Update to Shareholder Lawsuit -- MRGE
LOS ANGELES, April 28, 2006 (PRIMEZONE) -- Glancy Binkow & Goldberg LLP -- representing shareholders of Merge Technologies, Inc. -- announces 24 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased securities of Merge Technologies, Inc. ("Merge" or the "Company") (Nasdaq:MRGE) between August 2, 2005 and March 16, 2006, inclusive (the "Class Period"), may move the Court not later than May 22, 2006, to serve as lead plaintiff, however, you must meet certain legal requirements.
Blecher & Collins
Blecher & Collins Announces Status of Minority Shareholders' Lawsuit Against Vishay Intertechnology -- VSH
SANTA CLARA, Calif., April 28, 2006 (PRIMEZONE) -- The law firms of Hennefer, Finley & Wood and Blecher & Collins, P.C., today provided an update on the status of the Siliconix Incorporated (Nasdaq:SILI) minority shareholders litigation pending against Vishay Intertechnology (NYSE:VSH) and others. (Case No. 1-04-CV-01897). Last year, Vishay acquired the remaining roughly 20% of Siliconix after previously purchasing roughly 80% in 1998. This class action litigation is pending in the Superior Court of California, County of Santa Clara.
Stolt-Nielsen S.A. Purchased 171,150 of its Common Shares
LONDON, April 28, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 171,150 of SNSA common shares on the Oslo Stock Exchange at an average price of NOK 174.00 per share (approximately $28.29 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing the Company to purchase up to $200 million worth of its common shares or related American Depositary Shares.