latest news releases from the newsroom
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces Investigation of the Tower Automotive 401(k) Plans -- TWR
SEATTLE, Feb. 25, 2005 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it is investigating Tower Automotive Inc. ("Tower Automotive" or the "Company") (NYSE:TWR) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation is regarding the investments in Company stock by the Tower Automotive Retirement Plan, the Tower Automotive Union 401(k) Plan, the Tower Automotive Products Savings Investment Plan, and the Tower Automotive Products Employee 401(k) Savings Plan (the "Plans") from February 14, 2003 to the present (the "Class Period").
Toll Brothers, Inc.
Toll Brothers to Webcast Live Its Presentation at Smith Barney Citigroup's 18th Annual Global Industrial Manufacturing Conference on Wednesday, March 9, 2005
HORSHAM, Pa., Feb. 25, 2005 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will make a presentation to the investment community via live audio webcast at Smith Barney Citigroup's 18th Annual Global Industrial Manufacturing Conference on Wednesday, March 9, 2005 at 1:30 p.m. (EST).
Public Mandatory Bid for Eesti Telekom Closed
STOCKHOLM, Sweden, Feb. 25, 2005 (PRIMEZONE) -- Following the share purchase in Eesti Telekom late December 2004, TeliaSonera's ownership in Eesti Telekom exceeded 50 percent, enabling TeliaSonera to consolidate the company. Through the consolidation of Eesti Telekom, TeliaSonera has achieved its primary objective and strengthened its position as the leading telecom group in the Nordic and Baltic countries.
Itec Environmental Group, Inc.
Itec Environmental Group, Inc. Announces Intention to Raise Capital to Build Two Facilities for the Production of PET and HDPE Flake
OAKDALE, Calif., Feb. 25, 2005 (PRIMEZONE) -- Itec Environmental Group, Inc. (OTCBB:ITEC) today announced that the company is seeking to raise $10,000,000 to expand its operations through the creation of two new facilities in California. The plants will be used by Itec to remove all contaminants, dirt, labels and odors from all major types of recyclable plastics using its demonstrated Eco2(tm) System, which system produces the highest value clean, marketable plastic flakes used as raw materials to create new plastic products.
PayStar Updates Status of InfoStations (Kiosk) Division Divestiture
LODI, Calif., Feb. 25, 2005 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST), one of the nation's growing providers of stored value debit cards, bank loading centers for prepaid ATM debit cards and kiosk marketing and management, announced today the spin-off of its InfoStations kiosk division is progressing on schedule. The companies involved in the spin-off are QTI Enterprises, LLC headquartered in Los Angeles and GMM, Inc., an investment firm based in Las Vegas, NV. GMM, Inc. is funding the project with a multi-million dollar commitment. PayStar has completed the due-diligence on the spin-off and the new public company will be named Info$tar Systems, Inc.
Wi-Fi TV Inc.
Wi-Fi TV Secures Financing, Plans to Become Fully-Reporting and Apply for OTC Bulletin Board Listing
NEWPORT BEACH, Calif., Feb. 25, 2005 (PRIMEZONE) -- Wi-Fi TV Inc. (Pink Sheets:WFTV) announced today that it has secured commitments for another $2 million in convertible debt financing on February 25, 2005, bringing the total of such financing to $2.3 million since December 30, 2004. On December 30, 2004 the Company received $300,000 in convertible debt financing. As a use of the financing proceeds, Wi-Fi TV Inc. (the "Company") has retained legal counsel, accountants and an auditor with the intent of becoming a "fully reporting" company and applying to regain its former OTC Bulletin Board listing.
Acies Corporation Responds to False and Misleading Press Release Disseminated by FinancialWire
NEW YORK, Feb. 25, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE), an electronic payment, transaction processing, and electronic banking services provider to small and medium size businesses, today said FinancialWire, an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc., issued a false and misleading press release regarding Acies on February 23, 2005.