latest news releases from the newsroom
Golden Patriot Corp.
Crews Being Mobilized on Past Producing Lucky Boy Uranium Mine
UNIONDALE, N.Y., May 15, 2006 (PRIMEZONE) -- Golden Patriot, Corp. ("GPTC") (OTCBB:GPTC) (Frankfurt:GPU) is pleased to announce that it has been informed by the operator (Ashex) of the project that crews are being mobilized for further exploration and in preparation for the upcoming drill program on the Lucky Boy past producing uranium mine in Gila County, Arizona. The company has advanced to the operator the funds for the necessary state and federal bond requirements. The operator is now preparing the documentation required for the drill permits. The operator signed-off on a service contract with SWCA Environmental Inc., to initiate the biological and archeological surveys on the Lucky Boy property as required by BLM and State law and in compliance with the Plan of Operations. This normal procedure must precede any surface disturbance like road building, trenching, drilling etc.
SmallCap Sentinel: Using Cannes to Spark Interest in Film Companies
IRVINE, Calif., May 12, 2006 (PRIMEZONE) -- "The Cannes film festival is perhaps the most Darwinian opportunity for smaller film companies to compete and bring their films to market," said SmallCap Sentinel analyst D.R. Clark. "There the emerging film company stands next to the largest, their creative work competing without regard to ad budget, theatre count or other factors that often stack the deck in favor of the powerhouse filmmakers in the open market."
Scott+Scott, LLC Notifies Investors of Filing Deadline: Four Business Days to Move for Lead Plaintiff Appointment in Class Action Against PainCare Holdings, Inc. -- PRZ
COLCHESTER, Conn., May 12, 2006 (PRIMEZONE) -- Scott+Scott, LLC, reminds investors that four business days remain in which to request that the Court appoint them as lead plaintiff in a securities-fraud action against PainCare Holdings Inc. ("PainCare" or the "Company") (AMEX:PRZ) and certain officers. On April 3, 2006, Scott+Scott, LLC, filed a class action in the U.S. District Court for the Southern District of Florida on behalf of PainCare securities purchasers during the period August 27, 2002 through March 15, 2006, inclusive (the "Class Period").
Scott+Scott, LLC Files Class Action Lawsuit Against Fairfax Financial Holdings Ltd. on Behalf of Investors -- FFH
COLCHESTER, Conn., May 12, 2006 (PRIMEZONE) -- On May 12, 2006, Scott+Scott, LLC filed a class action in the U.S. District Court for the Southern District of New York against Fairfax Financial Holdings Ltd. ("Fairfax Financial" or the "Company") (NYSE:FFH) and certain officers. The action is on behalf of Fairfax Financial securities purchasers during the period March 24, 2004 through March 21, 2006, inclusive (the "Class Period"), for securities law violations. This action is also brought on behalf of all purchasers of Fairfax Financial 7.75% senior notes due April 26, 2012 (the "Sub-class"), pursuant to the August 25, 2004 offering registration statements and/or prospectus. Fairfax Financial, through its subsidiaries, operates as an underwriter of property and casualty insurance and reinsurance. The complaint alleges that defendants made false and misleading statements regarding the Company's financial performance by improperly accounting for transactions relating to finite contracts and treaties at its Odyssey Re Holdings subsidiary ("Odyssey Re") and concealing an internal review of those matters. As a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors.
Pomerantz Haudek Reminds Northfield Laboratories, Inc. Investors of Approaching Lead Plaintiff Deadline of May 19, 2006 -- NFLD
NEW YORK, May 12, 2006 (PRIMEZONE) -- Investors of Northfield Laboratories Inc. ("Northfield" or the "Company") (Nasdaq:NFLD), are reminded that May 19, 2006 is the deadline to ask the Court to appoint you as lead plaintiff for the class. Pomerantz Haudek Block Grossman & Gross LLP ("Pomerantz") (www.pomerantzlaw.com) filed a class action lawsuit in the United States District Court Northern District of Illinois, Eastern Division against Northfield, on behalf of purchasers of the common stock of the Company during the period from February 20, 2004 to February 21, 2006, inclusive (the "Class Period"). The complaint alleges violations of Section 10(b) and Section 20(a) of the Exchange Act and Rule 10b-5.
Scientific Industries Reports Increased Net Income for Interim Periods
BOHEMIA, N.Y., May 12, 2006 (PRIMEZONE) -- Scientific Industries Inc. (OTCBB:SCND) reported net income of $288,800, or $0.29 per basic share, and $102,200, or $0.10 per basic share, for the nine and three month periods ended March 31, 2006, respectively -- increases of $74,700 (35%) and $7,500 (8%) from the net income for the same periods of the prior year.
SYSCO Declares 146th Consecutive Quarterly Dividend
HOUSTON, May 12, 2006 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share, payable on July 28, 2006, to common shareholders of record at the close of business on July 7, 2006.
Strategic Distribution, Inc.
Strategic Distribution, Inc. Reports 2006 First Quarter Financial Results
BRISTOL, Pa., May 12, 2006 (PRIMEZONE) -- Strategic Distribution, Inc. (Nasdaq:STRD), a leading provider of maintenance, repair and operating (MRO) supply chain management services, today reported financial results for the first quarter ended March 31, 2006.
W2 Energy Inc.
W2 Energy Inc. to Submit Offer to Purchase Existing Coal Burning Plant
NEW YORK, May 12, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN) a developer of green energy, is pleased to announce it is submitting an offer to purchase a working coal fired plant in a location to be disclosed at a later date. The plant which presently provides approximately 100MW of coal fired power will be converted into a combination Diesel fuel and electricity plant using peat and biomass as fuel. Once in production the plant would generate $110.00 dollars per MWh as it would qualify as renewable green energy totaling $95M in green electric power generation alone. Once the GTL portion of the plant is complete the total plant revenue would be approximately $336M per year. Mr. Michael McLaren states "This is a tremendous opportunity for us at W2 Energy as it will defiantly speed up our time to market for our diesel product." He also stated "We are actively looking for other opportunities like this that will cut our construction time and allow us to deliver our products faster."