latest news releases from the newsroom
Brower Piven, A Professional Corporation
You May Have the Right to Recover For Injuries Related to Taking Vioxx Announces Law Offices Of Charles J. Piven, P.A.
BALTIMORE, Dec. 7, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that drug manufacturer Merck & Co. has pulled its best-selling arthritis drug Vioxx off the market, based on data indicating that the drug increases the risk of heart attack and stroke among users. A December 2004 Forbes article stated that Merck's Vioxx liability for claims and lawsuits could reach $38 Billion and the average heart attack settlement could be $650,000. In addition to heart attacks and strokes, Vioxx has also been associated with several other life-threatening and/or serious side effects, including blood clots, angina, nonbacterial meningitis, severe intestinal damage, ulcerations, bleeding, and kidney damage. Those who believe they may have been harmed in any of these or in other ways from the use of Vioxx may also have the opportunity to recover for injuries that can be determined to have been caused by taking Vioxx. Law Offices Of Charles J. Piven, P.A. is working with other attorneys to file cases against Merck in courts where we believe there is a good opportunity for recovery; however, there is no guarantee what will occur in any particular case for a particular client.
AdOne Media, Inc.
AdOne Media, Inc. Announces Finalization of Terms with Install Group Worldwide, Inc.
ST. LOUIS, Dec. 7, 2004 (PRIMEZONE) -- AdOne Media, Inc. (Pink Sheets:ADON) today announced the finalization of terms with Install Group Worldwide, Inc. Under the terms of the purchase, AdOne will issue a note for $500,000 in favor of the stockholders of Install Group as well as provide them with an override of 10% of sales for the next three years. Jim Neumann stated, "The acquisition of Install Group will provide a tremendously solid backbone for the growth of AdOne Media. Install Group has had a ten year successful track record. With current contracts in place, Install Group should provide AdOne Media with revenues in '05 in excess of $10 million dollars with operating margins in the 45% range." The acquisition will be finalized no later than Dec. 31, 2004 and AdOne is scheduled to take over operations as of Jan. 1, 2005.
Powerwave Technologies Completes Private Placement of Additional $50 Million of Convertible Subordinated Notes
SANTA ANA, Calif., December 7, 2004 -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced it closed a private placement of an additional $50 million aggregate principal amount of convertible subordinated notes due November 2024, with a 1.875 percent interest rate, after the initial purchaser in Powerwave's recent private placement of $150 million of convertible subordinated notes due November 2024 exercised its right, in full, to purchase the additional notes. The company received net cash proceeds of approximately $48.5 million from the sale of the additional notes after deduction of placement fees.
Port of Houston Authority
Photo Release -- PHA Names Aston Hinds Environmental Affairs Manager
HOUSTON, Dec. 7, 2004 (PRIMEZONE) -- The Port of Houston Authority (PHA) today announced the appointment of Aston Hinds as Environmental Affairs Manager. Hinds' principle responsibilities will be to ensure the port maintains proper regulatory compliance, to implement strategies to meet stakeholder expectations, and to continue improvement in environmental performance.