latest news releases from the newsroom
Wastech, Inc. Announces Contract for Purchase of West Virginia Mineral Rights
CHARLESTON, S.C., March 31, 2006 (PRIMEZONE) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") today is pleased to announce it has secured the rights to acquire approximately 44,000 acres of subsurface coal and mineral rights under enriched acreage throughout strategic counties in West Virginia. In addition the Company has also secured oil and gas rights within exactly 5,898.49 acres in Fayette County, West Virginia.
Seeger Weiss LLP
New Jersey Appellate Court Upholds Nationwide Vioxx-Related Class Action Against Merck, Brought by Seeger Weiss On Behalf of Third-Party Payors -- MRK
NEW YORK, March 31, 2006 (PRIMEZONE) -- In a unanimous decision with national significance, the New Jersey Appellate Division today upheld a trial court's decision certifying a Vioxx-related nationwide class action against Merck (NYSE:MRK), brought on behalf of third-party payors by Seeger Weiss LLP, a nationally-recognized complex class action firm. The March 31, 2006 decision is the second and more significant blow to Merck and Co., Inc., in this consumer protection-related litigation, which has now twice attempted to prevent the class action from proceeding forward.
Toll Brothers, Inc.
Toll Brothers Announces $1.8 Billion Bank Credit Facility
HORSHAM, Pa., March 31, 2006 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the expansion and extension of its bank credit facility. The $1.8 billion unsecured facility, which matures in 2011 and replaces the Company's existing $1.2 billion revolving credit facility, is comprised of a $1.5 billion revolving credit facility and a $300 million term loan. The credit facility has an accordion feature under which it can increase to a maximum of $2.7 billion, subject to the availability of additional bank commitments.
Amelot Holdings, Inc.
Amelot Holdings, Inc. Enters into an Agreement with Kerry Associates, Inc.
CHEYENNE, Wyo., March 31, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the company has entered into an agreement with Kerry Associates Inc., a reputable consulting firm from the Boston area. Under the agreement, Kerry Associates will bring to the Company merger and acquisition prospects in the oil and gas industry as well as provide capital for additional projects through their Accredited Investor program.
Frontline: Replacement of Bareboat Charter
HAMILTON, Bermuda, March 31, 2006 (PRIMEZONE) -- Frontline Ltd's ("Frontline") subsidiary CalPetro Tankers (Bahamas III) Limited will take redelivery from Chevron Transport Corporation ("Chevron") of the vessel Virgo Voyager (to be renamed Front Voyager) with effect from 1 April 2006. This vessel is one of four vessels that are central in the financial structure of California Petroleum Transport Corporation, including the latter's 8.52% First Preferred Mortgage Notes (term notes) due 2015.