latest news releases from the newsroom
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Reports Results For Third Quarter 2004, Acceptance of IND Filing by FDA and Commencement of Clinical Trials
PALATINE, Ill., Nov. 12, 2004 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced a net loss of $(51,480,000) or $(2.35) per share for the quarter ended September 30, 2004 compared to a net loss of $(11,590,000) or $(0.55) per share for the same period in 2003. Included in results for the quarter is a non-cash charge of $47,836,000 or $(2.18) per share for amortization of debt discount and private debt offering costs compared to a non-cash charge of $6,367,000 or $(0.30) per share in the same three month period in 2003.
Scott + Scott, LLC Files Securities Class Action Lawsuit against United Rentals, Inc. on Behalf of Shareholders -- URI
COLCHESTER, Conn., Nov. 12, 2004 (PRIMEZONE) -- Scott + Scott, LLC (UnitedRentalsLitigation@scott-scott.com or email@example.com) a law firm based in Connecticut with offices in Ohio and California (http://www.scott-scott.com ), announces that it has filed a complaint in the United States District Court for the District of Connecticut on behalf of all purchasers of securities from October 23, 2003 to August 30, 2004 (the "Class Period") inclusive against Greenwich, Connecticut based United Rentals, Inc. ("United Rentals") (NYSE:URI). The company states that it is the number one equipment renter in North America, serving approximately 1.9 million commercial and industrial customers. From more than 730 locations in Canada, Mexico, and 47 states in the US, the company rents approximately 600 different equipment items.
Pinnacle Developments, Inc.
Pinnacle Developments, Inc. Announces Appointment of President and CEO
VANCOUVER, British Columbia, Nov. 12, 2004 (PRIMEZONE) -- Pinnacle Developments, Inc. (Pink Sheets:PNCV) is pleased to announce the appointment of Mr. Carl Baker as Chief Executive Officer and President. Mr. Baker brings to Pinnacle Developments the accumulated experience of over 40 years in the forest products industry. Mr. Baker has always been at the forefront of progressive change, innovation and new efficiencies in the forestry sector.
Turnaround Partners, Inc.
Veteran FBI Special Agent Don Clark to Appear on 'Corporate Strategies with Tim Connolly' November 14th at 9:00 pm EDT
HOUSTON, Nov. 12, 2004 (PRIMEZONE) -- Don Clark, Veteran FBI Special Agent in Charge of the Houston Division will appear on "Corporate Strategies with Tim Connolly" this Sunday night, November 14th at 9:00 pm EDT. Following his retirement, Mr. Clark joined the Law Firm of O'Quinn, Laminack & Pirtle, an internationally known law firm pursuing "naked short sellers" and their detrimental effects on shareholders. Don also serves as an on air analyst and law enforcement consultant to KPRC Channel 2-Houston, an NBC television Affiliate. He will update listeners on the short selling lawsuits that are currently being pursued in the Houston area. Listeners may call in questions live and toll free to Don and Tim Connolly at 1-866-606-TALK (8255). Recent guests have included Celgene's CEO John Jackson, Landry's CEO Tilman Fertitta, Tobin Smith, John Murphy, Mario Gabelli, former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, and many others. The Business TalkRadio Network Show may be heard on KSEV AM 700 in Houston, on over 375 affiliate stations nationwide listed at CRN1 www.cableradionetwork.com, or on the Internet at www.businesstalkradio.net. This hour of "Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net). Noted Economist Mike King of Princeton Research provides live technical analysis for the show.
Penn's Landing Corporation
Philadelphia's Favorite Winter Tradition
PHILADELPHIA, Nov. 12, 2004 (PRIMEZONE) -- It is time to Think Rink, as a favorite winter tradition in Philadelphia, the Blue Cross RiverRink at Penn's Landing opens for its 11th anniversary season on Thanksgiving weekend. With only three months of ice skating fun, the Blue Cross RiverRink is the perfect way to enjoy the great outdoors in a way that is good fun and good for you too!
Transmeridian Exploration, Inc.
Transmeridian Exploration Completes $25 Million Private Placement
HOUSTON, Nov. 12, 2004 (PRIMEZONE) -- Transmeridian Exploration, Inc. (OTCBB:TMXN) today announced that it has sold 1,785.714 shares of its Series A Cumulative Convertible Preferred Stock (the "Series A Preferred") in a private placement at a purchase price of $14,000 per share, and issued warrants to purchase up to 4,464,286 shares of the Company's common stock at an exercise price equal to $1.55 per share. The aggregate purchase price for the Series A Preferred and the related warrants was cash consideration of $25,000,000. Proceeds from the private placement of Series A Preferred Stock and Warrants will be used for general corporate purposes, including funding the Company's development drilling program in the South Alibek Field in Kazakhstan, and to pursue growth opportunities.
GulfMark Offshore, Inc.
GulfMark Offshore To Present at Banc of America Securities Energy & Power Conference
HOUSTON, Nov. 12, 2004 (PRIMEZONE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) announced today that Bruce Streeter, GulfMark Offshore, Inc.'s President and Chief Operating Officer, and Edward A. Guthrie, GulfMark Offshore, Inc.'s Executive Vice President - Finance and Chief Financial Officer, will present at the Banc of America Securities Energy & Power Conference on Tuesday, November 16, 2004 at 1:50 p.m. PST.