latest news releases from the newsroom
Scott+Scott, LLC Files Class Action Lawsuit Against NPS Pharmaceuticals Inc. on Behalf of Investors -- NPSP
COLCHESTER, Conn., Aug. 4, 2006 (PRIMEZONE) -- Today, Scott+Scott, LLC, filed a class action against NPS Pharmaceuticals Inc. (Nasdaq:NPSP) ("NPS" or the "Company") and certain officers and directors in the U.S. District Court for the District of Utah. The action is on behalf of NPS securities purchasers during the period March 30, 2004, through May 2, 2006, inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934. NPS develops certain drugs, including PREOS, an investigational drug proposed to treat osteoporosis as an alternative to such drugs as Forteo and Fosamax. The complaint alleges that defendants made false and misleading statements regarding the safety profile of PREOS. As a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors.
SmallCap Sentinel: Betting on the Baby Boomers
IRVINE, Calif., Aug. 4, 2006 (PRIMEZONE) -- "Savvy investors are focusing on industries where the enormous population of aging Baby Boomers are now spending their money," stated SmallCap Sentinel analyst, D.R. Clark. "During the Baby Boomer years, approximately 76 million Americans were born. Today, this represents 28 percent of the American population. The aging of this demographic will naturally cause a greater consumption of imperative goods and services led most obviously by health care."
Scott+Scott, LLC Notifies Investors of Filing Deadline: Six Business Days to Move for Lead Plaintiff Appointment in Class Action Against Infosonics Corp. -- IFON
COLCHESTER, Conn., Aug. 4, 2006 (PRIMEZONE) -- Scott+Scott, LLC, reminds investors that six business days remain in which to request that the Court appoint them as lead plaintiff in a securities-fraud action against Infosonics Corp. ("Infosonics" or the "Company") (Nasdaq:IFON) and certain officers. On July 14, 2006, Scott+Scott, LLC, filed a class action in the U.S. District Court for the Southern District of California on behalf of Infosonics securities purchasers during the period May 8, 2006, through June 12, 2006, inclusive (the "Class Period").
Eagle Bulk Shipping Inc.
Eagle Bulk Shipping Inc. Announces Establishment of Dividend Reinvestment and Direct Purchase Plan
NEW YORK, Aug. 4, 2006 (PRIMEZONE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE), a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry, today announced that it has established a Dividend Reinvestment Plan. The plan provides shareholders with a means of purchasing additional common shares of Eagle Bulk Shipping Inc. by reinvesting all or a portion of the dividends they receive from the Company. In addition, shareholders of the Company will be able to purchase additional common shares by making optional cash deposits.
Salon City, Inc.
Salon City, Inc. Unveils Multi-tiered, Two-Year Plan For Expanding Revenues
WEST HOLLYWOOD, Calif., Aug. 4, 2006 (PRIMEZONE) -- Salon City, Inc.'s (Pink Sheets:SLON) President and CEO Steven Casciola announced that the company is planning a series of major media initiatives for 2007/8 designed to expand the company's various revenue sectors. Included in the announcement were excerpts from the company's corporate summary outlining the first phase of the company's 2007/8 plans, which are currently in progress.
MDwise Chosen by FSSA to be Statewide Hoosier Healthwise Plan
INDIANAPOLIS, Aug. 4, 2006 (PRIMEZONE) -- MDwise, Inc. announced today that its bid, along with IU Health Plan, Inc., was selected for contract negotiations to provide managed care services for the Hoosier Healthwise program on a statewide basis. Hoosier Healthwise is the State's health coverage program for low-income families and children. The new contract with Indiana's Family and Social Services Administration (FSSA) runs from 2007-2010, starting Jan. 1, 2007.