latest news releases from the newsroom
Ajay Sports, Inc.
Ajay Seeks Protection From the Wrongful Discharge Verdict
FARMINGTON HILLS, Mich., Dec. 27, 2006 (PRIME NEWSWIRE) -- On December 27, 2006, Ajay Sports Inc. (Pink Sheets:AJAY) and affiliated companies filed an Appeal in the wrongful termination case of Ronald N. Silberstein v. Ajay Sports Inc. and affiliates with the State of Michigan Court of Appeals. As previously disclosed, on October 6, 2006 an Oakland County, Michigan jury issued an adverse verdict, awarding Plaintiff $850,000 plus $470,168 in legal fees, court cost and statutory interest, a total award of $1,320,168. Ajay Sports, Inc. strongly disagrees with the jury's conclusions and has filed an Appeal, and expects a positive result upon Appeal.
The NASDAQ OMX Group, Inc.
The Nasdaq Stock Market Announces Open Short-Interest Positions in NASDAQ Stocks for December 2006
NEW YORK, Dec. 27, 2006 (PRIME NEWSWIRE) -- As of mid-December, short interest in 2,742 NASDAQ Global Market(sm) securities totaled 6,777,076,690 shares compared with 6,864,479,290 shares in 2,753 Global Market issues for the month of November.
Perihelion Global Acquires FCC Broadcast Stations
WILMINGTON, Del. and OGDEN, Utah, Dec. 27, 2006 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announced that the corporation will acquire two FCC licensed broadcast facilities, both in the Southeastern United States. The acquisitions of WCMA-AM, a 50,000 watt broadcast facility covering portions of Alabama, Florida and Georgia and WTKN-AM, a full time broadcast facility serving Mississippi will mark the official launch of Perihelion's Communications Division. WCMA-AM is one of the most powerful FCC licensed broadcast stations in North America and is licensed to broadcast its signal at the maximum power (50,000 watts) allowed AM stations under FCC Regulations.