latest news releases from the newsroom
World Golf League, Inc.
The WGL Announces Several Critical Milestones
ORLANDO, Fla., Nov. 16, 2004 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it has reached several milestones, which will greatly enhance its ability to reach its business and financial goals for 2005. The wholesale sales channel has closed over $12,000,000 in sales, which will be realized in the 1st and 2nd quarter of 2005. Secondly, The WGL Inc. is putting the finishing touches on its negotiations for the production and airing of its reality based television concept. The reality series which is expected to air in 1st and 2nd quarter 2005 is estimated to generate over $20 million in revenues its first year.
Northrop Grumman Corp.
Northrop Grumman Board Declares Quarterly Dividends
LOS ANGELES, Nov. 16, 2004 (PRIMEZONE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) today declared a quarterly dividend of 23 cents per share on Northrop Grumman common stock, payable Dec. 11, 2004, to shareholders of record as of the close of business Nov. 29, 2004. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable Jan. 18, 2005, to shareholders of record as of the close of business Jan. 4, 2005.
Northrop Grumman Corp.
Northrop Grumman Issues Shares to Complete Equity Security Units Purchase Contracts
NEW YORK -- Nov. 16, 2004 -- Northrop Grumman Corporation (NYSE: NOC) announced today the settlement of the purchase contracts associated with the equity security units issued by Northrop Grumman Corporation on Nov. 21, 2001. Each purchase contract was settled at a rate of 1.9171 shares of Northrop Grumman Corporation common stock, which resulted in the issuance of approximately 13.2 million common shares. Northrop Grumman received approximately $690 million in proceeds from the issuance, which it intends to use for general corporate purposes.
Parker Waichman Alonso LLP
Parker & Waichman, LLP and Seeger Weiss LLP File Suit Against Pfizer, Inc. Charging Bextra was Responsible for Cardiac Death
NEW YORK, Nov. 16, 2004 (PRIMEZONE) -- Parker & Waichman, LLP and Seeger Weiss LLP have filed a case in Supreme Court of the State of New York, County of New York against Pfizer, Inc (NYSE:PFE). The case is on behalf of the estate of a 46 year old New Jersey resident who died of a heart attack after using Bextra. The suit claims that Pfizer has not acted responsibly and has failed to adequately and timely warn consumers about the life-threatening side effects associated with Bextra. For more information on this suit and Bextra side effects please visit www.bextralegalhelp.com or www.yourlawyer.com/practice/contact.htm?topic=Bextra .