latest news releases from the newsroom
Scott + Scott, LLC, Which has Filed Employee Benefits Case on Behalf of Delphi Employees, Seeks Information on Behalf of Dana Corporation Client Shareholders -- DPH, DCN
CHAGRIN FALLS, Ohio, March 28, 2005 (PRIMEZONE) -- Scott + Scott, LLC, which has filed an employee benefits case against Delphi Corp. (NYSE:DPH), is now investigating Dana Corporation's (NYSE:DCN) lowering of its first quarter estimate of 11 to 13 cents a share from previous estimates of 17 to 23 cents a share. This stock closed at its 52 week low last week down about 40% from the 52 week high of $22 per share. Dana Corporation (Dana) is an independent supplier of modules, systems and components for light, commercial and off-highway vehicle original equipment (OE) manufacturers globally and for related OE service customers. Its products are used in passenger cars and vans; sport-utility vehicles (SUVs); light, medium and heavy trucks; recreational vehicles and motor homes, and a range of off-highway vehicles. The Company's operations are organized into two principal business units: Automotive Systems Group, and Heavy Vehicle Technologies and Systems Group. Dana is also a provider of lease financing services in selected markets through its wholly owned subsidiary, Dana Credit Corporation. Spicer, Victor Reinz, Clevite, Glacier and Vandervell are the Company's primary trademarks. In November 2004, the Company sold its automotive aftermarket businesses to Affinia Group Inc. On or about March 16, 2005, Dana Mauritius Limited (a Dana wholly-owned subsidiary) and Dongfeng Motor Corp. of China entered into a joint venture which was organized under the laws of the People's Republic of China.
East Delta Resources Corp.
Free Market News Network Announces Sponsor-In-Success East Delta Resources
POMPANO BEACH, Fla., March 28, 2005 (PRIMEZONE) -- Free-Market News Network, Corp. (FMNN) has teamed with sponsor East Delta Resources Corp. (OTCBB:EDLT) to spread the word about East Delta's success-oriented mining activities in China. FMNN is selective about its sponsors and has only recently generated a program to introduce certain companies to its expanding audience of hard-money-oriented investors and viewers.
The Plasencia Group
Sun Hospitality Advisors, a Division of The Plasencia Group, Inc., Tapped to Sell Three Orlando Area Hotels
TAMPA, Fla., March 28, 2005 (PRIMEZONE) -- The Plasencia Group, Inc., the leading hospitality transaction and consulting services firm, representing owners of hotels, resorts, and golf courses, has been selected to market and sell three Orlando area hotels comprising over 900 rooms. The three transactions will be overseen by Sun Hospitality Advisors, a Division of The Plasencia Group, Inc.
HCC Insurance Holdings, Inc.
Cory Moulton Named Chief Executive of HCC Underwriting Agency Subsidiary
HOUSTON, March 28, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Cory L. Moulton will join its underwriting agency subsidiary Professional Indemnity Agency (PIA), based in Mount Kisco, New York, as President and Chief Executive Officer. He will succeed the current Chief Executive, Mark E. Rattner, who is leaving his current position to pursue personal investments, but will remain on as Chairman of PIA.
Scott + Scott, LLC Conducts Investigation On Behalf of Client Shareholders Over Accounting Restatement by Navistar International Corporation
COLCHESTER, Conn., March 28, 2005 (PRIMEZONE) -- Scott + Scott, LLC, announces that it has commenced an investigation into the restatement of financial results of Navistar International Corp. (NYSE:NAV) on behalf of its client shareholders. On March 18, 2005, the Securities and Exchange Commission announced that it had made its investigation into Navistar "formal." The investigations center on the restatement which stretches back to 2002. The Company has delayed the filing of its annual and quarterly reports. The stock, which traded above $50.00 per share in January 2004, dropped to below $33.00 soon thereafter. It closed on Friday below $39.00. During the period that is being restated, insiders sold millions of dollars of their own stock. You can reach attorney Neil Rothstein at email@example.com at 800/332-2259 or 619/251-0887. Scott + Scott has offices in Connecticut, Ohio and California. The firm (http://www.scott-scott.com ) specializes in complex litigation including securities fraud and represents foundations, individuals, corporations and pension funds worldwide. Shareholders or other interested individuals may contact the firm.
PracticeXpert Announces Microsoft Certification
LOS ANGELES, March 28, 2005 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT) announced today that it is now a Microsoft Certified Partner, having completed the Microsoft Independent Software Vendor (ISV) Software Solutions Competency requirements. PracticeXpert's medical practice management system, Xpert Practice Manager (formerly known as PracticeOne e-Medsys), passed the Verified for Windows Server 2003 Microsoft Platform Test for ISV Solutions to qualify for the Software Solutions Competency.