latest news releases from the newsroom
Romacorp, Inc. Agrees to New Ownership, Debt Restructuring
DALLAS, Nov. 7, 2005 (PRIMEZONE) -- Romacorp, Inc., owner and franchisor of Tony Roma's restaurants, has reached an agreement in principle with a majority of its bondholders for a consensual restructuring, whereby the bondholders would exchange their debt for predominant ownership in the company. The restructuring, which will take place under Chapter 11 of the U.S. bankruptcy code, is subject to court approval of a plan of reorganization and certain other contingencies. The restructuring would provide Romacorp's bondholders with approximately 90 percent ownership of the Company upon successful completion of the process.
ADVA Optical Networking
ADVA Optical Networking Deploys 10gbit/S Ethernet Network For Cable Operator ZTV in Japan
MAHWAH, N.J., MARTINSRIED/MUNICH, Germany and TOKYO, Nov. 7, 2005 (PRIMEZONE) -- ADVA Optical Networking today announced the successful deployment of a 10Gbit/s Ethernet network for ZTV Japan, using its carrier-class Fiber Service Platform (FSP) 3000 and FSP 2000 Dense Wavelength Division Multiplexing (DWDM) systems. ZTV is one of Japan's largest local cable operators, providing cable TV, Voice over Internet Protocol (VoIP) and data transmission services to more than 370,000 customers in 40 cities across the central west region of Japan.
JetBlue Airways Corporation
JetBlue Announces Pricing of Common Stock Offering
NEW YORK, Nov. 7, 2005 (PRIMEZONE) -- JetBlue Airways Corporation (Nasdaq:JBLU) announced today that it has priced its public offering of 7,500,000 newly issued shares of its common stock at $18.00 per share, generating gross proceeds of $135 million. The Company has also granted to the underwriters of this offering an over-allotment option to purchase up to an additional 1,125,000 shares of common stock which, if exercised in full, would generate additional gross proceeds of $20.25 million.
World Am, Inc.
World Am Names Robert A. Hovee Its Chairman and Chief Executive Officer
NEWPORT BEACH, Calif., Nov. 7, 2005 (PRIMEZONE) -- World Am, Inc. (OTCBB:WDAM) today announced the appointment of Robert A. Hovee, a veteran senior executive, private investor and entrepreneur, as Chairman & Chief Executive Officer, effective immediately. He succeeds James H. Alexander, who will continue as a Director of the company, in addition to serving as Special Assistant to the Chairman. As part of the restructuring, the company will move its headquarters from Westminster, Colorado to Newport Beach, California. These changes are among the first to be implemented following the company's completion last month of the acquisition of its wholly owned subsidiary, Senz-It, Inc. As part of the agreement, SUTI Holdings, LP, obtained the right to appoint a minimum of three directors to the World Am board. It also received a majority of the voting power of the company.
Delta Air Lines, Inc.
Delta Invites Ohio Customers to Go West
COLUMBUS, Ohio, Nov. 7, 2005 (PRIMEZONE) -- Delta Air Lines' customers in Columbus, Ohio, will find it easier to do business in one of the country's largest business centers or escape to the sun and surf of Southern California when the airline introduces new nonstop flights between Columbus and Los Angeles, effective March 1, 2006. The new route responds to Columbus customers' requests for increased service to the places they want to visit and do business.