latest news releases from the newsroom
Telenor Proposes That VimpelCom Acquire Kyivstar for Cash
FORNEBU, Norway, MOSCOW, Russia and KYIV, Ukraine, March 20, 2006 (PRIMEZONE) -- Telenor today proposed that Russian mobile operator VimpelCom acquire 100% of Ukrainian mobile operator Kyivstar for cash. Telenor believes that if the transaction is completed as proposed, it will be beneficial for Kyivstar, VimpelCom and VimpelCom's shareholders, as well as for Telenor's shareholders, and will create a framework for ending Alfa's attacks on Telenor's ownership interests in VimpelCom and Kyivstar.
Petroleum Geo-Services ASA
Petroleum Geo-Services ASA to Build Third Generation Ramform
OSLO, Norway, March 20, 2006 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS) (NYSE:PGS) announced today that it has decided to build a new third generation Ramform vessel. The Company has signed an agreement of main commercial terms to build the vessel at Aker Yards, Langsten. The new and improved Ramform class seismic vessel has an agreed cost from the yard including installation, but excluding the cost of seismic equipment, of NOK 562 million (approximately $85 million). The agreement is subject to satisfactory completion of a final contract and board approval in Aker Yards.
m-Wise Selected By Thumbplay to Deliver Substantial Volumes Content Services to Mobile Subscribers in the U.S. Market
WILMINGTON, Del., March 19, 2006 (PRIMEZONE) -- m-Wise, Inc. (OTCBB:MWIS), a leading technology provider of mobile content solutions for operators, ASPs and content providers, today announced that Thumbplay, Inc., a New York-based market-leading direct-to-consumer mobile entertainment company, has selected m-Wise to deliver ringtones, wallpapers, games and other mobile content to its customers in the United States. The first few weeks of operations indicates that the marketing strategy of Thumbplay, combined with m-Wise's robust solutions, secured a sustainable growth path to the service.
Parker Waichman Alonso LLP
Parker & Waichman, LLP Files Suit Against Ortho-McNeil Pharmaceutical, Inc. on Behalf of Victim of Ortho Evra Birth Control Patch -- JNJ
NEW YORK, March 17, 2006 (PRIMEZONE) -- Parker & Waichman, LLP (http://www.yourlawyer.com) announced that it has filed suit against Ortho-McNeil Pharmaceutical, Inc., a division of Johnson and Johnson Inc. (NYSE:JNJ), on behalf the family of a 20-year-old woman who died from a pulmonary thromboembolism (blood clot) after using the Ortho Evra contraceptive patch for 10 months. In June 2004, the decedent awoke gasping for air and collapsed. Paramedics arrived and found the decedent in an idioventricular rhythm and immediately began advanced cardiac life support. The decedent was taken by ambulance to Methodist Hospital in Indianapolis, Indiana, where efforts to resuscitate her failed. The decedent was pronounced dead at 6:54 p.m. on June 4, 2004 at 20 years of age. An autopsy revealed the immediate cause of death was pulmonary thromboembolism. The suit was filed in the United States District Court for the District of New Jersey in Newark, New Jersey. For more information on Ortho Evra please visit http://www.orthopatchlawsuit.com or http://www.yourlawyer.com/topics/overview/Ortho_Evra_Patch.
Murray, Frank & Sailer LLP
Murray, Frank & Sailer LLP has Filed a Shareholder Class Action Against Micron Technology, Inc. -- MU
NEW YORK, March 17, 2006 (PRIMEZONE) -- Murray, Frank & Sailer LLP has filed a class action lawsuit in the United States District Court for the District of Idaho, on behalf of shareholders who purchased or otherwise acquired the securities of Micron Technology, Inc. ("Micron" or the "Company") (NYSE:MU) between February 24, 2001 and February 13, 2003, inclusive (the "Class Period"). Murray, Frank & Sailer LLP charges Micron and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Micron manufactures and markets semiconductor devices worldwide.
Transmeridian Exploration, Inc.
Transmeridian Exploration to Hold Conference Call on 2005 Results
HOUSTON, March 17, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that it will host a conference call at 9:00 a.m. Central Standard Time on Tuesday, March 21, 2006 to discuss 2005 results, current operations and management's outlook. Individuals who wish to participate in the conference call may do so by dialing 1-800-625-6164 in the United States or +1-706-645-0400 outside of the United States. The conference leader will be Lorrie T. Olivier, President and Chief Executive Officer of Transmeridian, and the conference identification number is 6880210. A replay of the conference call will be available on the Company's corporate web site.
Value Line, Inc.
Value Line, Inc. Announces Third Quarter Earnings
NEW YORK, March 17, 2006 (PRIMEZONE) -- Value Line, Inc. (Nasdaq:VALU) reported results for its third fiscal quarter ended January 31, 2006. Operating income of $25,670,000 for the nine months ended January 31, 2006 was 38% above operating income of $18,550,000 for the same period of the last fiscal year. Operating income of $8,037,000 for the three months ended January 31, 2006 was 25% above operating income of $6,437,000 for the same period of last fiscal year. For the third quarter of fiscal 2006, income from securities of $2,858,000 was 159% above last fiscal year's third quarter income. For the nine months ended January 31, 2006, the Company's income from securities transactions was $3,571,000 compared to income from securities transactions of $8,033,000 for the same period of the last fiscal year. The first nine months of the prior fiscal year included capital gains that resulted from partial sales of the Company's equity securities in preparation for payment of a special dividend of $17.50 per common share during the first quarter of fiscal 2005.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against PHH Corporation -- PHH
HARTFORD, Conn., March 17, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of New Jersey on behalf of all persons who purchased or otherwise acquired the publicly traded securities of PHH Corporation ("PHH" or the "Company") (NYSE:PHH) between May 12, 2005 and March 1, 2006, inclusive (the "Class Period").