latest news releases from the newsroom
The Pomerantz Firm Charges Sonus Networks with Securities Fraud
NEW YORK, Feb. 26, 2004 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit against Sonus Networks, Inc. ("Sonus" or the "Company") (Nasdaq:SONS) and two of the Company's senior officers, on behalf of all persons or entities who purchased the securities of Sonus during the period between April 9, 2003 and February 11, 2004, inclusive (the "Class Period"). The case was filed in the United States District Court for the District of Massachusetts.
Harwood Feffer LLP
Wechsler Harwood LLP Commences Securities Class Action Against Ryland Group, Inc.
NEW YORK, Feb. 26, 2004 (PRIMEZONE) -- Notice is hereby given that Wechsler Harwood LLP has filed a class action lawsuit in the United States District Court for the Northern District of Texas on behalf of all purchasers of the publicly traded securities of Ryland Group, Inc. (Ryland Group" or the "Company") (NYSE:RYL) from October 22, 2003 through January 7, 2004, inclusive (the "Class Period").
iBX Group, Inc.
Florida HealthSource of Palm Beach Acquires Pulmonary Rehabilitation Clinic in Delray Beach, Fla.
DEERFIELD BEACH, Fla., Feb. 26, 2004 (PRIMEZONE) -- Florida HealthSource, a division of iBX Group, Inc. (OTCBB:IBXG), has acquired South Florida Therapy, a pulmonary rehabilitation clinic in Delray Beach, Fla., that the company has been managing since November. The addition of the clinic to Florida HealthSource's statewide network of physical therapy and rehabilitation centers is expected to generate $400,000 during 2004, further supporting an earlier projection of $6 million for the division.
FTS Wireless, Inc.
FTS Wireless to Provide Onlinesupplier.com with Wireless Products
LEVITTOWN, Pa., Feb. 26, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), today announced the signing of a partnership agreement with Internet-based wholesale membership club Onlinesupplier.com (Online), whereby FTS will become an Online preferred distributor of wireless communications hardware, cell phones, pre-paid calling cards and satellite phones.
GoldSpring Update: Major Shareholders, Officers, Directors, Management and Friends of GoldSpring Volunteer to Further Restrict Shares Issued on Takeover until September 15, 2004
VIRGINIA CITY, Nev., Feb. 26, 2004 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) is pleased to announce that its major shareholders, officers, directors, management and certain friends of GoldSpring have volunteered to have their restricted common shares, issued pursuant to the Plan of Reorganization in 2003, restricted for a additional period of six months until September 15, 2004. This action has not been required by the AMEX and is a gesture of good faith to further set the stage for an attractive financing opportunity for Institutional Investors in GoldSpring that is being aggressively pursued.