latest news releases from the newsroom
Aveta Files Amended S-1 Registration Statement With SEC for Offering of Common Stock Issued in Private Placement
NEW YORK, June 5, 2006 (PRIMEZONE) -- Aveta Inc., one of the largest companies focusing on Medicare Advantage and a leader in addressing the healthcare needs of the chronically ill, announced today that it has filed Amendment No. 1 to its Form S-1 Registration Statement previously filed with the U.S. Securities and Exchange Commission (SEC) on April 11, 2006 and relating to the private placement offering of 28.8 million shares of common stock pursuant to an exemption from the registration requirements of the Securities Act of 1933 as amended. The sale of 28.8 million common shares was completed on December 29, 2005. The company's amended Form S-1 registration statement is available on the SEC website at www.sec.gov.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Investigation of Companies Related to the Back-Dating of Stock Option Grants -- UNH
BALA CYNWYD, Pa., June 5, 2006 (PRIMEZONE) -- The law offices of Brodsky & Smith, LLC announces that a lawsuit has been filed against certain officers and directors of UnitedHealth Group (NYSE:UNH) relating to allegations that the defendants manipulated the price of certain stock option grants. The lawsuit contends that such stock option grants allowed the defendant executives to earn millions of dollars that rightfully belong to UnitedHealth Group. Presently, Brodsky & Smith, LLC is investigating certain companies which are either under investigation by the Internal Revenue Service (IRS), Securities and Exchange Commission (SEC) and/or the United States Department of Justice (DOJ), have announced their own internal investigation or where media reports have raised questions regarding this type of conduct. These companies include:
Cornell Companies, Inc.
Cornell Retains Financial Advisor
HOUSTON, June 5, 2006 (PRIMEZONE) -- Cornell Companies, Inc. (NYSE:CRN) announced today that it has retained a financial advisor to assist the Company in its analysis and consideration of a range of strategic alternatives to maximize shareholder value. The Company does not intend to make further announcements on the status or results of the assessment process unless and until the Company has made definitive decisions on its future strategic direction. No assurance can be given that any transaction will be pursued or, if a transaction is pursued, that it will be consummated.
InRob Tech Ltd.
InRob Tech Ltd. to Deliver $3,000,000 of its Remote Controlled Weapon Stations
LAS VEGAS, June 5, 2006 (PRIMEZONE) -- InRob Tech Ltd. (OTCBB:IRBL), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGVs), today announced the completion of the testing phase of its remote controlled weapon station (RCWS), driving InRob Tech Ltd. towards the completion of a $3 million sales contract to India.
Delta Air Lines, Inc.
Delta Air Lines Reports May Traffic
ATLANTA, June 5, 2006 (PRIMEZONE) -- Delta Air Lines today reported traffic results for May 2006 (see notes 1 and 2). System traffic for May 2006 decreased 9.7 percent from May 2005 with a capacity decrease of 10.0 percent. Delta's system load factor was 76.7 percent in May 2006, up 0.4 points from the same period last year.
Perceptive Software Named Computerworld Honors Laureate
SHAWNEE, Kan., June 5, 2006 (PRIMEZONE) -- Perceptive Software, Inc. has been recognized as a Laureate by the Computerworld Honors Program. The company's ImageNow integrated document management, imaging and workflow software allows 1,500 customers in a broad range of industries worldwide to simplify their daily business processes.
Biogenerics Limited Reports on Progress in Grimes, California Project
TYLER, Texas, June 5, 2006 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN) announced information regarding recent developments in the Grimes, California Project. The Company is pleased to report that wells known as Andreotti 1 and Ophelia 1 continue to produce as reported in recent news. Andreotti at 250,000 cubic feet of gas daily. Management also confirms that it has coordinated agreements with subcontractors continuing work on wells 3 and then 4 on the same location site.