latest news releases from the newsroom
Press Release from Volvo's Nomination Committee
GOTEBORG, Sweden, Feb. 03, 2004 (PRIMEZONE) -- Volvo's Nomination Committee has decided to propose to Volvo's Annual General Meeting the re-election of all Board members except Lars Ramqvist, who has announced that he is resigning from Volvo's Board with immediate effect. The Nomination Committee recommends that the Board internally elect Finn Johnsson as new Chairman after the Annual General Meeting. The proposal is supported by shareholders representing more than 50% of the votes in Volvo.
Volvo Announces Intentions Regarding Holding of Scania Shares
GOTEBORG, Sweden, Feb. 03, 2004 (PRIMEZONE) -- AB Volvo is currently involved in discussions with a number of potential buyers regarding the sale of the shares the Group owns in Scania. Volvo is also awaiting the European Commission's decision on Volvo's request for an extension of the deadline for divestiture of the Group's shares in Scania. If a sale is not agreed or an extension is not awarded, AB Volvo intends to transfer the Scania series A shares to a separate, newly formed company, "Ainax", that will have the sole purpose of managing Volvo's shareholders' interests in Scania. At least 90% of the shares in the newly formed company Ainax will be distributed to Volvo's shareholders. The intention is that the Series B shares in Scania will be sold in the market.
Much Shelist Freed Denenberg Ament & Rubenstein
Chicago Law Firm Much Shelist Reminds Investors that Only Seven Days Remain to File Lead Plaintiff Petitions, or until February 9, 2004, for Securities Fraud Lawsuit on Behalf of Investors in Career Education Corporation -- CECO
CHICAGO, Feb. 2, 2004 (PRIMEZONE) -- The deadline for purchasers of Career Education Corporation ("CEC" or the "Company") (Nasdaq:CECO) to move for lead plaintiff in a securities fraud class action brought by Much Shelist against CEC and certain of its officers and directors is rapidly approaching. If you purchased CEC securities between January 28, 2003 and December 2, 2003, inclusive ("Class Period") and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the Northern District of Illinois by February 9, 2004.
Reinhardt Wendorf & Blanchfield
Reinhardt Wendorf & Blanchfield Announces Class Action Suit Against Deutsche Bank AG and Scudder Investments on Behalf of Purchasers of the Scudder Family of Funds -- SPAOX, KWIVX, SFXAX, MGHYX
ST. PAUL, Minn., Feb. 2, 2004 (PRIMEZONE) -- Reinhardt Wendorf & Blanchfield announces that a class action lawsuit was filed in the Southern District of New York on behalf of purchasers of Scudder Family of Funds, which are operated by Germany-based financial services company, Deutsche Bank AG (NYSE:DB), Scudder Investments, and Deutsche Investment Management Americas Inc. ("Deutsche Investment Management") and Deutsche Asset Management, Inc. ("Deutsche Asset Management"), between January 22, 1999 and January 12, 2004, inclusive (the "Class Period"). Reinhardt Wendorf & Blanchfield is seeking remedies under the Securities Exchange Act of 1934, the Securities Act of 1933 and the Investment Advisers Act of 1940.
ViaStar Holdings, Inc.
Viastar Distribution Group Announces Sales Team for 2004
PHOENIX, Feb. 2, 2004 (PRIMEZONE) -- Viastar Holdings Inc. (OTCBB:VISH) announced today that the Company has expanded its sales force for Viastar Distribution Group (VDG) with its new Los Angeles-based representative, David Miller. Mr. Miller, a nine-year veteran of Navarre Distribution, joins the Viastar sales team, who sell both audio and video product to major and independent retail accounts throughout North America and abroad.
ZKid Network Company
ZKid Network Names President for International Sales
CHICAGO, Feb. 2, 2004 (PRIMEZONE) -- ZKid Network Company (OTCBB:ZKID) has named Ron McIntyre President of International Sales. The initial responsibilities will include a subscriber drive utilizing his sales and marketing expertise in Canada and England. Those responsibilities will be expanded throughout Europe as the KidsKeep Program Version 1.0 is currently being interpreted and designed for a number of European Nations.