latest news releases from the newsroom
Madison Bay Holdings, Inc. --
Madison Bay Signs Contract With Eastern Hills Automotive & Marine to Become an Exclusive Factory Authorized Dealer for Warlock Power Boats
SEATTLE, Oct. 14, 2005 (PRIMEZONE) -- Madison Bay Holdings, Inc. (Pink Sheets:MDBY), a manufacturer and distributor of Recreational Vehicles, Powerboats, and Leisure Watercraft announced today that the Company has established Eastern Hills Automotive & Marine as the Exclusive Factory Authorized Dealer for Warlock Power Boats in the state of Ohio. Eastern Hills Automotive & Marine, based in Cincinnati, Ohio, has been an established and prominent sales and service organization in the marine industry for over 23 years.
The Pomerantz Firm Announces Securities Class Action Against Refco, Inc. -- RFX
NEW YORK, Oct. 14, 2005 (PRIMEZONE) -- On October 12, 2005, Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) filed a class action complaint in the United States District Court, Southern District of New York, on behalf of investors who purchased the common stock of Refco, Inc. ("Refco" or "Company") (NYSE:RFX) between August 11, 2005 and October 7, 2005 ("Class Period"). Refco has now conceded that the Registration Statement that was issued in connection with its August 11, 2005 initial public offering ("IPO") contained false financials and failed to disclose a $430 million debt owed to it by a company controlled by its CEO, Chairman and controlling shareholder, Philip R. Bennett. Defendants are Refco, Bennett, Gerald M. Sherer (Refco's CFO), certain underwriters, and Refco's outside auditors, Grant Thornton LLP. Plaintiff seeks remedies under Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
PayStar Terminates Processing of Equity Financing Line
LODI, Calif., Oct. 14, 2005 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST) announces that it has cancelled its pending $5 million equity line from Cornell Capital Funding. The Equity Line with its Credit terms and conditions were deemed to be unacceptable at this time and the Agreement has been cancelled.
Stolt-Nielsen S.A. Announces Purchase of 505,700 of its Common Shares
LONDON, Oct. 14, 2005 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo Stock Exchange: SNI) commenced its share repurchase program today with the purchase by Stolt-Nielsen Transportation Group (SNTG), a 100%-owned subsidiary of SNSA, of 505,700 of SNSA Common Shares in the open market. These purchases were made on the Oslo Stock Exchange at an average price of NOK 224.97 per share (approximately $34.83 at the current exchange rate). The share repurchase program was announced on August 25, 2005. The Company was authorized by its Board of Directors to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Hydril Announces Third Quarter 2005 Earnings Release Date and Conference Call Information
HOUSTON, Oct. 14, 2005 (PRIMEZONE) -- Hydril (Nasdaq:HYDL) plans to report earnings for the quarter ended September 30, 2005 after the market closes on Monday, October 24, 2005. The company will conduct a teleconference call at 8:30 a.m. EDT (7:30 a.m. CDT, 5:30 a.m. PDT) on Tuesday, October 25, 2005 to discuss the earnings results. Individuals who wish to participate in the teleconference call should dial (800) 657-1269 (domestic) or (973) 409-9256 (international) and reference passcode No. 6603991 approximately five to ten minutes prior to the scheduled start time of the call.
New Life Scientific Inc.
New Life Scientific and CureLab, Inc. Identify Their First Target -- Anti Fungal Compound Development
FREEHOLD, N.J., Oct. 14, 2005 (PRIMEZONE) -- New Life Scientific, Inc. (OTCBB:NWLF) today announced that as part of the Agreement with CureLab, Inc. both companies identified an anti-infective compound to be jointly developed. This is a new chemical entity protected by US patent 6,730,787 issued May 4, 2004. The claimed anti-infective activities include antiviral, immunostimulating (interferon inducer), and antibacterial (Chlamydia, Mycobacterium tuberculosis). The compound also has hepatoprotective and analgesic properties.
Patriot Motorcycle Corporation
Patriot Motorcycle Corporation Affirms Its Stated Mission to Bring Affordable Products and Family Fun to Market
SAN CLEMENTE, Calif., Oct. 14, 2005 (PRIMEZONE) -- Patriot Motorcycle Corporation (Pink Sheets:PMCY), exclusive worldwide distributor of the Yamoto by Patriot(TM) line of Dirt Bike motorcycles and All Terrain Vehicles (ATVs), and a line of domestic V-Twin custom street bikes, today affirmed its stated mission: "To be the first to build brand identity, market, sell and service a high-quality Chinese-manufactured line of off-road motorcycles, ATVs, watercraft and other motorized products with the purpose of bringing affordable family fun to the world."