latest news releases from the newsroom
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Escala Group, Inc. -- ESCL
HARTFORD, Conn., May 10, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the common stock of Escala Group, Inc. ("Escala" or the "Company") (NASDAQ:ESCL) between September 5, 2003 and May 8, 2006, inclusive, (the "Class Period").
Amelot Holdings, Inc.
Amelot Holdings Inc. Receives $30 Million Financing Proposal
CHEYENNE, Wyo., May 10, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) announces that the company is reviewing the terms and conditions for a $30 Million financing proposal. Based upon initial due diligence provided to Remington Financial Group, a Letter of Interest for Amelot's Bio-Diesel subsidiary, Amelot Alternative Energy, Inc. was received on Friday, May 5th, 2006.
Aceva Technology Accelerates Momentum With the Addition of Several New Customers
SAN MATEO, Calif., May 10, 2006 (PRIMEZONE) -- Aceva Technologies, a leading provider of applications for enterprise cash flow performance management, today announced growing momentum across multiple manufacturing and distribution sectors with the addition of several new customers in the energy, agriculture, scientific equipment, telecommunications, metals, and construction industries. Representative new customers include:
Stolt-Nielsen Transporation Group Acquires Two Parcel Tankers for its Inter-European Fleet
LONDON, May 10, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announced today that its wholly owned subsidiary, Stolt-Nielsen Transportation Group (SNTG), has acquired two parcel tankers, each of approximately 8,600 deadweight tons, to meet growing customer demand in the Company's inter-European service. The sisterships M/T Bow Wave and M/T Bow Wind, previously on time charter to Odfjell ASA, were purchased from Iino Lines for $18.5 million each. SNTG expects to take delivery of the ships between July and November of this year."Capitalizing on opportunities to acquire high-quality ships on the open market is an effective way of helping to meet our fleet replenishment needs at a time when newbuildings' prices remain high," said Otto H. Fritzner, Chief Executive Officer of SNTG. "These ships will enhance the flexibility of SNTG's European short-sea fleet, and hence our ability to continue to satisfy our customers' stringent demands for the utmost in safety, quality and reliability."
Sonesta International Hotels Corporation
Sonesta International Hotels Corporation Reports First Quarter Earnings
BOSTON, May 10, 2006 (PRIMEZONE) -- Sonesta International Hotels Corporation (Nasdaq:SNSTA) today reported net income of $10,000, or $0.003 per share, in the quarter ended March 31, 2006, compared to net income of $4,103,000, or ($1.110) per share, in the quarter ended March 31, 2005. Gross revenues were $23,938,000 in the 2006 quarter, compared to $25,128,000 in the 2005 quarter. The Company had operating income of $591,000 in the first quarter of 2006, compared to operating income of $1,349,000 during the same period in 2005.
Brevard Music Center
Leading Music Center Hosts First Conference on Music Entrepreneurship
BREVARD, N.C., May 10, 2006 (PRIMEZONE) -- With a career in music being second in competitiveness only to professional sports, Brevard Music Center, one of the nation's leading music training programs, announced the establishment of the first conference to help turn musicians into entrepreneurs. The Brevard Conference on Music Entrepreneurship (BCOME.org) will be held July 14-16, 2006, at the Brevard Music Center in Western North Carolina. Extraordinary musicians, politicians and other luminaries have expressed their support for the conference, which will help musicians of any level and discipline learn how to become entrepreneurs.