latest news releases from the newsroom
Encysive Pharmaceuticals Inc.
Encysive Pharmaceuticals Restructures Agreement with Revotar Biopharmaceuticals
HOUSTON, April 26, 2005 (PRIMEZONE) -- Encysive Pharmaceuticals (Nasdaq:ENCY) today announced the signing of a new licensing and related agreements with Revotar Biopharmaceuticals AG, the Company's majority-owned German subsidiary, regarding bimosiamose and certain follow-on compounds. Revotar's other stockholders will contribute additional capital to Revotar to fund its ongoing operations, thereby reducing Encysive's ownership to approximately 14%. Encysive will license the worldwide rights to bimosiamose and receive substantial royalties on future revenues from the commercialization or licensing of this compound and certain follow-on compounds by Revotar. The transaction will become effective upon completion of the contribution of additional capital by Revotar's other stockholders. Revotar's other stockholders may also subsequently purchase Encysive's remaining stock ownership in Revotar for a nominal amount.
ATA Airlines, Inc.
ATA Airlines Offers Low Fares from Hawaii to 33 Continental U.S. Cities During ``Mainland Made Easy'' Sale
INDIANAPOLIS, April 26, 2005 (PRIMEZONE) -- Hawaii residents who have been delaying a visit to friends and family in the continental U.S. have just lost an excuse for staying home. ATA Airlines, Inc. (ATAHQ) announces low, sale fares for travel from Honolulu or Maui to the mainland with its "Mainland Made Easy" Sale. Customers will find dependable, easy and affordable nonstop flights on ATA from Hawaii to Las Vegas (Honolulu only), Los Angeles, Phoenix, San Francisco and convenient connecting service to a total of 29 cities, including popular destinations like Chicago, Denver, Orlando, Austin, Nashville, Detroit and Pittsburgh. ATA sale fares are available beginning at $179(a) off-peak, each way based on a 7-day advance round-trip purchase in coach class on ata.com. Travel dates for the "Mainland Made Easy" Sale vary by city. Sale fares must be purchased by midnight (E.S.T.) on May 2, 2005.
Triton and Starbourn Announce Alliance
RESTON, Va., April 26, 2005 (PRIMEZONE) -- Triton Technologies, Inc. (Pink Sheets:TNTG) and Starbourn Energy, LLC of Denver, Colorado, announced today that they have signed a Memorandum of Understanding (MOU) to form an alliance to jointly market, manufacture and distribute Starbourn's advanced ethanol production technology to the global alternative energy market. The alliance will operate under the name Starbourn-Triton and will focus initial operations on the construction of ethanol plants in the United States and the United Kingdom. The plants are expected to produce 25,000 to 50,000 gallons of ethanol per day.
Cohen Milstein Sellers & Toll PLLC
Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Announces Lawsuit on Behalf of Investors of BearingPoint, Inc. -- BE
WASHINGTON, April 26, 2005 (PRIMEZONE) -- The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a lawsuit on behalf of purchasers of the securities of BearingPoint, Inc. (NYSE:BE) ("BearingPoint" or the "Company") between August 14, 2003 and April 20, 2005, inclusive (the "Class Period"), in the United States District Court for the Eastern District of Virginia.
Roy Jacobs & Associates
Roy Jacobs & Associates Announces Class Action Lawsuit Brought On Behalf Of BearingPoint, Inc. Purchasers -- BE
NEW YORK, April 26, 2005 (PRIMEZONE) -- Roy Jacobs & Associates has filed a class action lawsuit on April 26, 2005 in the United States District Court for the Eastern District of Virginia on behalf of all purchasers who purchased BearingPoint, Inc. securities during the period August 14, 2003 to April 20, 2005 (the "Class Period"). The lawsuit was filed against BearingPoint, Inc. ("BearingPoint" or "the Company") (NYSE:BE), its former Chairman, Chief Executive Officer, and President Randolph C. Blazer, its former Chief Financial Officer Robert S. Falcone, and BearingPoint's outside auditor, PricewaterhouseCoopers, LLP. The Complaint sets forth allegations that the defendants violated the federal securities laws by defrauding purchasers of BearingPoint securities during the Class Period, as described below.
First California Financial Group, Inc.
National Mercantile 1Q05 Profits More Than Double Fueled by Expanding Margin, Improving Efficiencies and Strong Loan Growth
LOS ANGELES, April 26, 2005 (PRIMEZONE) -- National Mercantile Bancorp (Nasdaq:MBLA), the holding company for Mercantile National Bank and South Bay Bank, N.A., today reported its most profitable quarter in sixteen years. First quarter earnings increased 223% compared to the first quarter a year ago quarter and were up 39% from the immediate prior quarter. Fueled by expanding net interest margin, improving efficiencies and strong growth in loans and deposits, first quarter net income was $941,000, or $0.20 per diluted share, compared to $291,000, or $0.06 per diluted share in the first quarter of 2004 and $678,000 or $0.15 per diluted share, in the fourth quarter of 2004. The financial results are unaudited for the first quarters ended March 31, 2005 and 2004.