latest news releases from the newsroom
Petroleum Geo-Services ASA
Petrojarl Listed, PGS a Pure Geophysical Company
OSLO, Norway, June 30, 2006 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS) (NYSE:PGS) announced today that Petrojarl ASA ("Petrojarl"), the former FPSO business demerged from PGS, will be listed on the Oslo Boers today (ticker PETRO). PGS' offering of 19.99% of Petrojarl's share capital was priced at NOK 43 per share. The total number of Petrojarl shares sold in the offering was 14,999,990, which includes 7,499,995 shares over-allotted by the managers. The offering was covered more than 3 times. Subsequent to the listing of Petrojarl, PGS will concentrate fully on developing its geophysical business.
The Pomerantz Firm Charges Vonage Holdings Corporation With Securities Fraud -- VG
NEW YORK, June 29, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit in the United States District Court District of New Jersey, against Vonage Holdings Corporation ("Vonage" or the "Company") (NYSE:VG) and other related defendants. The class action was filed on behalf of purchasers of the common stock of the Company pursuant to its Directed Share Program, which were offered in the Company's May 23, 2006 Initial Public Offering (the "IPO" or the "Offering"). The complaint alleges violations of Section 5, 11, 12(a) (2), and 15 of the Securities Act.
Scott+Scott, LLC Files Amended Class Action Lawsuit Against Home Solutions of America Inc. on Behalf of Investors -- HOM
COLCHESTER, Conn., June 29, 2006 (PRIMEZONE) -- Today, Scott+Scott, LLC, filed an amended class action against Home Solutions of America, Inc. ("Home Solutions" or the "Company") (AMEX:HOM) and certain officers and directors in the U.S. District Court for the Northern District of Texas. The action is on behalf of Home Solutions securities purchasers during the period April 11, 2006 and June 6, 2006, inclusive (the "Class Period"), for federal securities law violations. The complaint alleges that defendants made false and misleading statements regarding the Company's revenue opportunities. As a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors. Meanwhile, the Company's officers and directors aggressively sold shares of their Home Solutions stock, resulting in proceeds of approximately $12.2 million. The complaint earlier mistakenly reported insider proceeds at over $15.7 million.
COSCO ESP Inc.
COSCO Begins Process to Commence OTC BB filings to Graduate to the OTC BB
EDMONTON, Alberta, June 29, 2006 (PRIMEZONE) -- Mr. Andrew Male, Vice President & Director of COSCO ESP Inc. (Pink Sheets:CCPI) ("COSCO" or the "Company"), wishes to announce that pursuant to its operating plan, the Company has initiated the process of compiling the documentation and requirements it needs to become a fully reporting issuer in order that it move from Pink Sheets to the OTC BB.
Eagle Bulk Shipping Inc.
Eagle Bulk Shipping Inc. Announces Closing of Previously Announced Private Placement
NEW YORK, June 29, 2006 (PRIMEZONE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) today announced that it has closed the issuance of an aggregate of 2,750,000 shares of its common stock, par value $0.01 (the "Common Shares"), to certain institutional investors. The issuance, which was previously announced, is pursuant to a securities purchase agreement dated June 22, 2006, for an aggregate purchase price of $33 million, or $12.00 per Common Share.
Home BancShares, Inc.
Home BancShares, Inc. Announces Second Quarter Earnings Release Date and Conference Call
CONWAY, Ark., June 29, 2006 (PRIMEZONE) -- Home BancShares, Inc. (Nasdaq:HOMB) today announced it expects to release second quarter 2006 earnings prior to the market opening on Thursday, July 20, 2006. Following this release, management will conduct a conference call to review this information at 1:00 p.m. CST (2:00 EST) on Thursday, July 20, 2006.
LTDnetwork Receives 2006 DCIA Trendsetter's Award
NEW YORK and ARLINGTON, Va., June 29, 2006 (PRIMEZONE) -- LTDnetwork, a subsidiary of Brilliant Technologies Inc. (OTCBB:BLLN), today announced that The Distributed Computing Industry Association (www.DCIA.info), a trade organization representing peer-to-peer (P2P) software providers, content rights holders, and service-and-support companies, presented the 2006 DCIA Trendsetter's Award to LTDnetwork Chairman and CEO Allan Klepfisz at the first annual P2P MEDIA SUMMIT in McLean, VA.