latest news releases from the newsroom
Spring Shape-Ups for Your Car!
RIDGEWOOD, N.J., March 17, 2006 (PRIMEZONE) -- After a long, hard winter, not only your soul needs rejuvenating -- so does your vehicle! It's important to get your car back in tip-top shape after a season of cold and snow and get it prepared for the warmer months ahead!
Credit Acceptance Corporation
Credit Acceptance Corporation Announces Final Results of Its Modified Dutch Auction Tender Offer
SOUTHFIELD, Mich., March 17, 2006 (PRIMEZONE) -- Credit Acceptance Corporation (Pink Sheets:CACC) (the "Company") announced the final results of its modified Dutch auction tender offer, which expired at 5:00 p.m. Eastern Standard Time, on March 13, 2006. Credit Acceptance commenced the tender offer on February 10, 2006, to purchase up to 5,000,000 shares of its common stock at a price between $21.00 and $25.00 per share, net to the seller in cash, without interest. Based on the final count by Computershare Trust Company of New York, the depositary for the tender offer, 4,129,735 shares of common stock were properly tendered and not withdrawn at prices between $21.00 and $25.00 per share. The final count of shares purchased is more than the amount communicated in the Company's preliminary announcement on March 14, 2006, by 75,994 shares. Credit Acceptance has purchased all of the 4,129,735 tendered shares of its common stock at a price of $25.00 per share, at a total cost of approximately $103.2 million. The Company financed the purchase of its securities in the tender offer by borrowing under its $135.0 million revolving credit facility and $325.0 million revolving warehouse facility.
Wataire Industries Inc.
Wataire Industries, Inc. Featured on Azteca Television Mexico
VANCOUVER, British Columbia, March 17, 2006 (PRIMEZONE) -- Wataire Industries Inc. (Pink Sheets:WTAF) will be featured on Azteca television channel 13 on Friday, March 17 evening news. The news show "Hechos de Lanoche" (Fact for the night) will feature Wataire at the World Water Forum. The interview will be conducted by Mr. Mauricio Samieto, Wataire's representative through Tecno Alto Distribucion Mexico. The news show creates exposure to approximately 25 million viewers in Mexico City.
Airvana Wins Massachusetts Network Communications Company of the Year and Fastest Growth in Massachusetts
WALTHAM, Mass., March 17, 2006 (PRIMEZONE) -- At its Annual Awards Ceremony last evening, the Massachusetts Network Communications Council awarded Airvana its Company of the Year and Fastest Growth in Massachusetts Awards, recognizing a year of stellar performance and corporate growth. In 2005, the company exceeded $100M in revenue and has been profitable and cash flow positive for 8 consecutive quarters. Airvana, Inc. (www.airvana.com) is an innovator and leader in mobile broadband infrastructure based on 3G 1x EV-DO air interface technology.
Parker Waichman Alonso LLP
Parker & Waichman, LLP Investigating IRA Products Sold by H&R Block, Inc. -- HRB
NEW YORK, March 17, 2006 (PRIMEZONE) -- Parker & Waichman, LLP announces that it has launched an investigation into possible consumer fraud violations related to Express IRAs sold by H&R Block (NYSE:HRB). Earlier this week, Eliot Spitzer, the New York State Attorney General, filed a civil suit against H&R Block. The suit alleged that H&R Block advised approximately 500,000 tax return customers to invest in individual retirement accounts but that it failed to disclose hidden fees that in many cases surpassed the interest earned on the accounts. The New York State suit alleges that as many as 85 percent of H&R Block customers who invested in Express IRAs actually lost money. If you opened an IRA with H&R Block, contact Parker & Waichman, LLP today for a free lawsuit case evaluation. Please visit http://www.yourlawyer.com/topics/overview/h_r_block_fraud or call 1-800-LAW-INFO (1-800-529-4636) to request a free evaluation.
'Your World Games' Unveils GPS and Competitive Gaming Functions of Upcoming Mobile Title 'The Shroud'
LAKE MARY, Fla., March 17, 2006 (PRIMEZONE) -- Your World Games, a mobile games publisher at the forefront of emerging technology, today disclosed the GPS elements and the creation of the International Farmers League (IFL) for their upcoming wireless title, "The Shroud." Using patented GPS technology, players with compatible phones will be challenged in a one-of-a-kind gameplay experience that has them move from one challenge to the next in the real world. The IFL will allow players to embark on special challenges where the high scores will be posted to a worldwide leaderboard. Both the GPS and IFL complement an already deep and engaging RPG adventure experience.
SmallCap Sentinel: Drug Companies Race to Bring Next-Generation Drugs to HIV Drug-Resistant Patients
IRVINE, Calif., March 17, 2006 (PRIMEZONE) -- "One of the most exciting areas of emerging antiretrovirals is the 'entry inhibitors,' a new class of HIV/AIDS therapeutics that are intended to protect healthy cells from viral infection, which are expected to be a life-saving medical breakthrough for HIV drug-resistant patients running out of treatment options," said SmallCap Sentinel analyst D.R. Clark. "With the number of worldwide HIV infections and drug resistance climbing, four drug companies; Pfizer (NYSE:PFE), Schering-Plough (NYSE:SGP), Samaritan Pharmaceuticals, Inc. (AMEX:LIV), and AnorMED (AMEX:AOM), are conducting clinical trials with experimental oral entry inhibitors that block HIV instead of the currently-approved, expensive injections on the market."