latest news releases from the newsroom
College Partnership, Inc.
College Partnership, Inc. Announces Results for First Quarter Ended October 31, 2003
DENVER, Dec. 24, 2003 (PRIMEZONE) -- College Partnership, Inc., (OTCBB:CGPA), a leading provider of college planning and preparation resources, today announced its results for the period ending October 31, 2003 (First Quarter of Fiscal Year Ending October 31, 2003).
Abbey Spanier Rodd & Abrams, LLP
Abbey Gardy, LLP Commences Class Action Securities Fraud Suit Against Certain Officers and Directors of Redback Networks, Inc. -- RBAKQ
NEW YORK, December 24, 2003 (PRIMEZONE) -- On December 15, 2003, Abbey Gardy, LLP commenced a Class Action lawsuit in the United States District Court for the Northern District of California, located at 450 Golden Gate Avenue, San Francisco. The action was assigned to Judge Fogel. The action has been brought as a class action on behalf of a class (the "Class") of all persons who purchased or acquired Redback Networks, Inc. ("Redback" or the "Company") (Nasdaq:RBAKQ) between April 12, 2000, the day the Company announced its financial results for its first quarter ended March 31, 2000 and October 10, 2003, the day the Company announced that the Securities and Exchange Commission (the"SEC") was investigating various transactions between the Company and Qwest Communications, Inc. ("Qwest")(the "Class Period"). A copy of the complaint is available from the Courthouse of from Abbey Gardy, LLP.
Mountain National Bancshares, Inc.
Mountain National Bancshares, Inc. Declares Stock Dividend
SEVIERVILLE, Tenn., Dec. 24, 2003 (PRIMEZONE) -- Mountain National Bancshares, Inc. (OTCBB:MNBT) Sevierville, Tennessee announced a 5 percent Stock Dividend to shareholders of record as of December 31, 2003. The dividend will be mailed to shareholders on or about February 10, 2004. No fractional shares will be issued; a cash payment will be issued in lieu of a fractional share.
Dobson Communications Corporation
Dobson Communications Signs Agreement to Repurchase Preferred Stock
OKLAHOMA CITY, Dec. 24, 2003 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq: DCEL) announced today that it has entered into an agreement to repurchase in a private transaction approximately $46.1 million (liquidation preference amount) of its 12 1/4% Senior Exchangeable Preferred Stock for $48.9 million. CUSIPs for the 12 1/4% Senior Exchangeable Preferred Stock are 256 072 30 7 and 256 069 30 3. The transaction is expected to close by year-end.
Capital Research Group, Inc
Early Stock Market Alerts for Wednesday, December 24, 2003: RCAA, USXP, ADOT, FMDAY
WESTON, Fla., Dec. 24, 2003 (PRIMEZONE) -- TheSUBWAY.com names Reclamation Consulting & Applications Inc. (OTCBB:RCAA) to its Stock Pick List. RCAA is new to TheSUBWAY.com, and we expect great things from this stock! Watch this company; it just announced great news, and we think it is due to make a move in the near term! Other stocks highlighted include:
Transmeridian Exploration, Inc.
Transmeridian Announces Update on Financing and Operations
HOUSTON, Dec. 24, 2003 (PRIMEZONE) -- Transmeridian Exploration, Inc. (OTCBB:TMXN) announced today that EurAsia Holding AG has defaulted on a portion of its obligations under the previously announced $3.0 million private placement of common stock. The private placement will be closed with total proceeds of $1.2 million in exchange for 3,333,333 shares. EurAsia requested an extension of time to complete the second tranche of the investment, and the parties discussed terms of a settlement. EurAsia did not accept the Company's proposal and also defaulted on its remaining payment obligation which was due on December 23, 2003. The Subscription Agreement provides for default payments totaling $200,000, which EurAsia has agreed to pay within 10 days of December 23, 2003.
Capital Research Group, Inc
TheSUBWAY.com Announces Its Morning Stock Focus List for Wednesday, December 24, 2003: RCAA, CMKM, MSFT, SUNW
WESTON, Fla., Dec. 24, 2003 (PRIMEZONE) -- TheSUBWAY.com names Reclamation Consulting & Applications Inc. (OTCBB:RCAA) to its Stock Focus List. RCAA is new to TheSUBWAY.com, and we expect great things from this stock! Watch this company; it just announced great news, and we think it is due to make a move in the near term! Other stocks highlighted include:
Humana Trans to Launch New Interactive Platform
HANOVER, Md., Dec. 24, 2003 (PRIMEZONE) -- Humana Trans Services Holding Corporation (OTCBB:HTSC) (www.humana-trans.com), a principally engaged firm involved in employee leasing and recruitment services, is pleased to announce that it will unveil a new interactive platform, culminating the various operating subsidiaries of the company.
Skandia announces sale of Japanese operations
STOCKHOLM, Sweden, Dec. 24, 2003 (PRIMEZONE) -- Skandia announced today that it has reached a definitive agreement with Millea Holdings, under which The Tokio Marine & Fire Insurance Co. Ltd. will acquire 100 per cent of the shares of Skandia Japan. The transaction, valued at 20 billion YEN (approximately 1.4 billion SEK), is subject to Japanese regulatory approval and will further improve Skandia's liquidity position. In comparison with Skandia's report as per 30 September 2003, the transaction will have a positive impact on shareholders' equity of approximately 0.8 billion SEK, net of expenses and before provision for taxes. The impact on net asset value will be positive by approximately 0.5 billion SEK.