latest news releases from the newsroom
Equus Resources, Inc.
Equus Resources Acquires 1st Metro Insurance
ATLANTA, Aug. 9, 2005 (PRIMEZONE) -- Equus Resources, Inc. (Pink Sheets:EQUR) ("Equus") announced today the expansion of its Insurance Division with the acquisition of 1st Metro Insurance, an Atlanta-based commercial and personal lines insurance agency. 1st Metro was part of the recent acquisition by Equus of American Career Training Institute.
Roy Jacobs & Associates
Roy Jacobs & Associates Announces Class Action Lawsuit Brought on Behalf of Prestige Brands Holdings, Inc. Purchasers -- PBH
NEW YORK, Aug. 9, 2005 (PRIMEZONE) -- Roy Jacobs & Associates today announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all purchasers of Prestige Brands Holdings, Inc. ("Prestige" or the "Company") (NYSE:PBH) securities from April 1, 2005 through July 27, 2005 (the "Class Period"). The lawsuit, alleging securities fraud, was filed against Prestige, Peter C. Mann, its CEO, and Peter J. Anderson, its CFO.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Conducts First Flight of Modernized, Multi-Mission Hunter UAV
SIERRA VISTA, Ariz., Aug. 9, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has taken a significant step toward modernizing the U.S. Army's fleet of Hunter unmanned systems by conducting the first engineering flight of an enhanced, multi-mission variant of the current RQ-5A air vehicle called the MQ-5B. The 66-minute check-out flight of the upgraded air vehicle, which features extended range, endurance and weapon capabilities, was conducted July 8 at Libby Air Field, Ft. Huachuca, Ariz.
China Digital Wireless Inc
China Digital Wireless, Inc. Announces Decision to Apply for Listing on American Stock Exchange
SHANGHAI, Aug. 9, 2005 (PRIMEZONE) -- China Digital Wireless, Inc. (OTCBB:CHDW), a leading distributor of mobile phones and value-added information services to users of mobile phones and pagers in Shanghai, People's Republic of China, announced today that it has decided to seek listing on the American Stock Exchange and, if approved, will request that AGS Specialists, LLC be its specialist firm.
Quantech Electronics Corp.
Quantech Sells Its Operating Subsidiary, DimiTel Ltd.
LONDON, Aug. 9, 2005 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QANT) announced today the sale of its wholly owned subsidiary, DimiTel UK Ltd., to its previous owners in consideration for all of their equity in Quantech Electronics. Consequently, Quantech Electronics has no operating business at present.
Roberts Realty Investors, Inc.
Roberts Realty Investors, Inc. Acquires 22 Acres for New 154-Unit Community
ATLANTA, Aug. 9, 2005 (PRIMEZONE) -- Roberts Realty Investors, Inc. (AMEX:RPI) announces that on August 4, 2005, it purchased 22 acres of undeveloped land for a new 154-unit community in the North Atlanta submarket of Cumming, Georgia. The land is located near the intersection of Georgia Highway 9 and Old Atlanta Road in the City of Cumming. The property was acquired for $4.8 million. The acquisition is part of a Section 1031 tax-deferred exchange using a portion of the proceeds from the May 2005 sale of the company's Ballantyne Place community, located in Charlotte, North Carolina. This is Roberts Realty's second acquisition using proceeds from the Ballantyne Place sale. In June 2005, the company purchased 14.5 acres of investment property zoned for 217 residential units in the Westside mixed-use development in Alpharetta, Georgia.
Pappas Telecasting Companies
KMPH News Introduces 'Around the Clock Webcast'
FRESNO, Calif., Aug. 9, 2005 (PRIMEZONE) -- KMPH-TV/Channel 26, Pappas Telecasting Companies' FOX affiliate in the Fresno-Visalia, California Designated Market Area (DMA), today announced that it has launched "Around the Clock Webcast," a new daily web-only newscast. "Around the Clock Webcast" will consist of the top news stories of the day, presented by KMPH News anchors in a newscast of about five minutes. In most cases, the stories will be available to Internet users even before they are broadcast on KMPH's 10 O'Clock News. Viewers may access the new feature by visiting www.kmph.com, then clicking the "Around the Clock Webcast" button.
Coastal Holdings, Inc.
Coastal Holdings, Inc. in Negotiations to Acquire Interest in India-based Pharmaceutical Firm
HOUSTON, Aug. 9, 2005 (PRIMEZONE) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ) is pleased to announce that it is in the advanced stages of negotiations to acquire an interest in an India-based pharmaceutical firm. The firm is publicly traded and is currently listed on The Stock Exchange, Mumbai (BSE). The firm has experienced strong annual growth in its revenue and profit over the past couple of years, which is due in part to its focus on the rapidly expanding therapeutic segments of the industry such as diabetes. The firm is in the process of expanding its product portfolio and operations overseas in order to consolidate its position as one of the major India-based players in the global pharmaceutical industry.