latest news releases from the newsroom
Harris orders NICAM from Factum Electronics
STOCKHOLM, Sweden, June 17, 2004 (PRIMEZONE) -- The American company Harris Broadcasting Corporation has ordered NICAM encoders (digital stereo sound for analogue TV) from Factum Electronics AB. The total value of the order is estimated at around SEK 1.8 million.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Alliance Gaming Corp. -- AGI
BALTIMORE, June 16, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Alliance Gaming Corp. (NYSE:AGI) between January 15, 2004 and June 7, 2004, inclusive (the "Class Period").
Commerce Group Corporation
Commerce Group Corp. was Granted Two Additional Concessions from the El Salvador Government
MILWAUKEE, June 16, 2004 (PRIMEZONE) -- Commerce Group Corp. (OTCBB:CGCO) reports that it received valuable rights (concessions) from the Government of El Salvador to extract and process precious metals. One is the Nueva Esparta Exploration Concession/License consisting of 45 square kilometers (11,115 acres) of area in which it has the sole right to excavate gold and silver ore, and process and sell it. In this area, there are at least eight formerly operated gold and silver mines. These mines are in a mineralized zone extending over four miles northwest of Commerce's San Sebastian Gold Mine. The United Nation's report references this as the Montemayor lineament and/or part of the Three Corners area.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Vicuron Pharmaceuticals Incorporated
BALTIMORE, June 16, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Vicuron Pharmaceuticals Incorporated (Nasdaq:MICU) between January 6, 2003 and May 24, 2004, inclusive (the "Class Period").
SimpleTech Announces Closure of Xiran Division, Revision of Revenue Guidance for the Second Quarter of 2004, and Board Approval of Stock Repurchase Program
SANTA ANA, Calif., June 16, 2004 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, manufacturer and marketer of custom and open-standard memory solutions based on Flash memory and DRAM technologies, today announced that it has closed its Xiran Division and has taken a one-time charge of approximately $3.5 million. As a result of this closure, SimpleTech expects to decrease operating expenses by approximately $2 million per quarter.
Kirby McInerney LLP
NASD Arbitrators Affirm Sanctions Against Merrill Lynch for Non-Compliance in Case Involving Analysts' Misconduct -- MER
NEW YORK, June 16, 2004 (PRIMEZONE) -- The law firms of Kirby McInerney & Squire, LLP and Futterman & Howard, Chtd. announced today that on June 14, 2004 an NASD arbitration panel affirmed its order of May 11, 2004 that sanctioned Merrill Lynch & Co., Inc. (NYSE:MER), for failure to comply with an earlier order of the panel that required Merrill to turn over evidentiary material. As a consequence, Merrill must pay a sanction, increasing $1,000 daily to the extent Merrill further fails to produce the documents in a timely manner.
Penn's Landing Corporation
PHILADELPHIA, June 16, 2004 (PRIMEZONE) -- Party at Penn's Landing on Friday, July 2nd, 2004! It's not a summer holiday weekend in Philadelphia without a block party. This, after all, is the town that gave the world the Sound of Philadelphia: Harold Melvin and the Blue Notes, the O'Jays, the Spinners, and the Delfonics. So the city always celebrates the Fourth of July in grand style with a touch of soul. As Philadelphians all over the city hold block parties in their neighborhoods, everyone is invited to join in as Penn's Landing hosts a blockbuster of a block party with three events that make an all day jam with food, festivities, and funky music on the riverfront.
Serefex Corporation Announces the Formal Launching of Photo-Framer 4.0, its Digital Photo Editing, Custom Framing and Printing Software Suite
NAPLES, Fla., June 16, 2004 (PRIMEZONE) -- Serefex Corporation (OTCBB:SFXC) is pleased to announce today, that it has signed off for production its "Gold Master" version of Photo-Framer 4.0(tm) a digital photo editing, framing and printing software suite. Photo-framer 4.0 allows the user to download, edit, custom frame and print their digital pictures on any of today's photographic papers. Included in the package is Serefex's magnetically backed digital premium glossy photo paper which allows the user to attach their pictures on any surface coated with Serefex' magnetic attractive coating or any other magnetic receptive surface.