latest news releases from the newsroom
HeartSTAT Technology, Inc
HeartSTAT Technology, Inc. Completes Acquisition of HeartStat, Inc.
LOS ANGELES, May 12, 2004 (PRIMEZONE) -- HeartSTAT Technology, Inc. (Pink Sheets:HSTA) today announced that it has finalized its acquisition of 100% of issued and outstanding shares of HeartStat, Inc. which is in the process of bringing to market the first practical system for monitoring blood flow perfusion (oxygen transport) and important heart dynamics. It is noninvasive, continuous, and uses a simple comfortable disposable sensor. This addresses key issues of hospital critical care.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Announces Manganese Surcharge
BRIDGEVILLE, Pa., May 12, 2004 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that it is changing its raw material surcharge formula to include a manganese component effective with shipments June 1, 2004. The raw material is sold as 78% ferromanganese. The Company has established a trigger price of $600 per gross ton against which the surcharge will be calculated, based on the U.S. Standard 78% ferromanganese published in Ryan's Notes. The manganese content in each grade of product produced will govern the surcharge formula calculation. In April, the average price for 78% ferromanganese was $1,699 per gross ton.
Flamemaster Reports Earnings For Six Months Ended March 31, 2004
SUN VALLEY, Calif., May 12, 2004 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) (OTCBB:PERF) today reported net income of $123,745 or $.08 per share on revenues of $1,231,140 for the quarter ended March 31, 2004, compared to net of $124,038 or $.09 per share on revenues of $1,231,958 in the year earlier period.
ViaStar Holdings, Inc.
ViaStar Significantly Increases Revenues and Shareholder Value Through the Acquisition of One of the World's Leading Content Preparation Facilities, Masterdisk Corporation
PHOENIX, May 12, 2004 (PRIMEZONE) -- ViaStar Media Corporation (OTCBB:VISH) announced today that the Company has completed its acquisition of Masterdisk Corporation, one of the world's leading audio, video and multimedia mastering facilities. This acquisition establishes ViaStar as a leading production vendor for the likes of Universal Music Group, BMG, Warner Music Group, EMI and Sony Music Group as well as a myriad of independent music labels and artists. For ViaStar's shareholders, Masterdisk adds significantly to the company's revenues, as well as positioning for further expansion through acquisitions and distribution of new and branded content.
BEVsystems International, Inc.
BEVsystems International, Inc. Granted Motion to Convert Case to Chapter 11
TAMPA, Fla., May 12, 2004 (PRIMEZONE) -- BEVsystems International, Inc. (the "Company") (Pink Sheets:BEVI) announced today that the United States Bankruptcy Court for Middle District of Florida granted its motion to convert the Chapter 7 bankruptcy proceeding to a Chapter 11 bankruptcy proceeding. Chapter 11 covers proceedings in which a company maintains control of the business while it reorganizes its debts, liabilities and finances.
Brower Piven, A Professional Corporation
Law Offices of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Liquidmetal Technologies, Inc.
BALTIMORE, May 12, 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 Liquidmetal Technologies, Inc. (Nasdaq:LQMTE) between May 21, 2002 and March 30, 2004, inclusive (the "Class Period").
Kirby McInerney LLP
NASD Arbitrators Sanction Merrill Lynch for Non-Compliance in Case Involving Analysts' Misconduct -- MER
NEW YORK, May 12, 2004 (PRIMEZONE) -- The law firms Kirby McInerney & Squire, LLP and Futterman & Howard, Chtd. announced today (May 12, 2004) that on May 11, 2004 an NASD arbitration panel sanctioned Merrill Lynch, Pierce, Fenner & Smith, Inc., a subsidiary of 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 in the form of counsel fees, to be increased daily to the extent Merrill further fails to produce the documents in a timely manner.