latest news releases from the newsroom
Harsco Corporation Successfully Renews Revolving Credit Facility
HARRISBURG, Pa., Aug. 12, 2004 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that it has successfully renewed its revolving credit facility to a new $350 million, three-year term. The facility was arranged through a syndicate of banks led by JPMorgan Chase, and serves as backup to Harsco's investment-grade commercial paper programs, rated A-2 by Standard & Poor's, P-2 by Moody's and F2 by Fitch IBCA. Harsco Senior Vice President, Chief Financial Officer and Treasurer Salvatore D. Fazzolari said the new facility, which was substantially oversubscribed, demonstrates the continued confidence of the lending community in Harsco's financial strength and long-term business outlook.
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces 401(k) Breach of Fiduciary Class Action Against Cardinal Health, Inc.
SEATTLE, Aug. 12, 2004 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) has filed a 401(k) Breach of Fiduciary Duty class action in the United States District Court for the Southern District of Ohio on behalf of participants and beneficiaries of the Cardinal Health Profit Sharing, Retirement and Savings Plan and the Syncor International Employees' Savings and Stock Ownership Plan (the "Plans"), who were invested in Cardinal Health Shares through the Plans between October 24, 2000 and the present (the "Class Period").
Gardant Pharmaceuticals, Inc.
UPDATE: Bioaccelerate Portfolio Company Enhance Biotech to Merge with Privately-Held Ardent Pharmaceuticals -- the World Leader in the Discovery and Development of Delta Receptor Compounds
NEW YORK, Aug. 12, 2004 (PRIMEZONE) -- Bioaccelerate, Inc. , a pharmaceutical development organisation has today announced that one of its portfolio companies, Enhance Biotech Inc (Pink Sheets:EBOI), a developer of a portfolio of products focused on lifestyle drugs, has signed a definitive merger agreement with Ardent Pharmaceuticals Inc., the world's leader in discovering and developing delta receptor compounds. Ardent Pharmaceuticals, based in North Carolina's Research Triangle, is a privately held biotechnology company with an extensive research and development pipeline that includes a number of pre-clinical and clinical candidates in the areas of moderate to severe pain, urinary incontinence, premature ejaculation, depression and cardio protection.
Vidal Sassoon Achieves Second Victory Over Procter & Gamble In Federal Court
LOS ANGELES, Aug. 12, 2004 (PRIMEZONE) -- Vidal Sassoon's historic lawsuit against consumer marketing giant Procter & Gamble Company (P&G) is going to trial. P&G's motion for summary judgment to prevent a trial has been denied by U.S. District Court Judge Margaret M. Morrow, ruling that Sassoon's multi-million-dollar damages lawsuit against P&G could proceed to court this October. Sassoon alleges the company made a conscious decision to starve Sassoon's hair-care product line of essential promotional efforts and marketing money in favor of P&G's competing product Pantene, thereby avoiding royalty payments to Sassoon.
Nationwide Search for "America's 'FUNNEST' Kid" Launched
SAN DIEGO, Aug. 12, 2004 (PRIMEZONE) -- National award-winning toymaker, Lolo Company, whose motto is "Live Life to the 'Funnest'!" has launched its 2nd annual nationwide search for America's 'Funnest' Kid. The award will recognize kids who create fun in their household and within their community.
Black Rhino Coffee Aims to Double Size with Aggressive Growth Plan
ROSEVILLE, Calif., Aug. 12, 2004 (PRIMEZONE) -- Peabodys Coffee, Inc. (OTCBB:PBDY), owner of the USDA certified organic brand Black Rhino Coffee(tm), announced today plans to launch an aggressive growth campaign that will double its US supermarket distribution to not less than 2000 supermarkets by the end of the company's current fiscal year.
Electronic Control Security Inc.
ECSI CEO Audio Interviews and Highlights
CLIFTON, N.J., Aug. 12, 2004 (PRIMEZONE) -- Electronic Control Security, Inc. (OTCBB:EKCS) a leading provider of perimeter security solutions to governments and corporations worldwide, today announced its CEO, Arthur Barchenko, was interviewed by reporters for the Wallstreetreporter.com and Ceocast.com. These interviews are available for listening for five days at: (www.wallstreetreporter.com) and (www.ceocast.com).
Catalyst Lighting Group Inc.
Catalyst Lighting Group Announces New Lending Relationship with Marquette Commercial Finance and Capital Growth Asset Based Bridge Loan Fund II, LLC for Whitco Subsidiary
FORT WORTH, Texas, Aug. 12, 2004 (PRIMEZONE) -- Catalyst Lighting Group, Inc. (OTCBB:CYSL) announced today that its subsidiary, Whitco Company, LP, has entered into an accounts receivable purchase agreement with Marquette Commercial Finance, a Minnesota company with offices in Fort Worth, Texas. Whitco has also entered into an inventory financing arrangement with Capital Growth Asset Based Bridge Loan Fund II, LLC, a company based in Boca Raton, Florida.