latest news releases from the newsroom
Izard Nobel LLP
Schatz & Nobel, P.C., A Connecticut Law Firm, Files Class Action Lawsuit Against ADVO, Inc. -- AD
HARTFORD, Conn., Sept. 26, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that it has filed a lawsuit seeking class action status in the United States District Court for the District of Connecticut on behalf of all persons who purchased the common stock of ADVO, Inc. ("ADVO" or the "Company") (NYSE:AD) between July 6, 2006 and August 30, 2006, inclusive, (the "Class Period").
Yourman Alexander & Parekh LLP
Yourman Alexander & Parekh LLP Announces Commencement of Class Discovery Concerning Greenies Dog Treats
LOS ANGELES, Sept. 26, 2006 (PRIMEZONE) -- On May 4, 2006, a class action was filed in the United States District Court for the Central District of California on behalf of a nationwide class of consumers who purchased Greenies(r) dog treats, "the original green smart treat(r)" ("Greenies" or "Greenies dog treat"), and the general public. The defendant is S&M NuTec, LLC ("NuTec" or the "Company"). The complaint alleges that NuTec has been marketing, advertising and selling Greenies since 1998 and that Greenies are "100% edible and highly digestible." However, plaintiff claims that the consumption of Greenies by dogs has not only been responsible for severe esophageal and/or intestinal problems, it has also led to the death of numerous dogs. In fact, the complaint alleges that pieces of Greenies have become lodged in dogs' esophagi and intestines, creating obstructions and causing serious medical problems. The complaint also alleges that the Company was well aware of the types of problems caused by Greenies, but that it did not take any affirmative action to warn consumers of the potential for these types of problems.
Leading Brands, Inc.
Leading Brands, Inc. Announces Second Quarter Earnings Release and Conference Call
VANCOUVER, British Columbia, Sept. 26, 2006 (PRIMEZONE) -- Leading Brands, Inc. (Nasdaq:LBIX), North America's only fully integrated premium beverage company, today announced that it will release second quarter earnings, before North American markets open, on the morning of Thursday, September 28, 2006.
Great West Gold, Inc.
Great West Gold, Inc. -- Restructuring
NEW YORK, Sept. 26, 2006 (PRIMEZONE) -- Great West Gold, Inc. (Pink Sheets:GWGO) announced on September 8, 2006 that the Company was conducting an intensive review of its business plan and its operations. This was in response to the consistently low stock price which values the Company at a massive discount to its underlying value. Management cannot and will no longer, continue to allow stockholder value to suffer due to the non performance of the Company's stock price.
Modern Technology Corp.
Modern Technology Corp. Retires Over $1,000,000 in Convertible Debt and Contingent Liabilities as Part of 2006 Profitability and Restructuring Plans
OXFORD, Miss., Sept. 26, 2006 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MODC), a diversified technology development and acquisition company, announced today that as part of its 2006 plan to achieve operational profitability and to increase stockholder equity, it has exchanged its interest in its subsidiary Sound City for the elimination of $800,000 of Convertible Debentures and associated late charges, interest payments and registration requirements. Also eliminated from MODC's liabilities was $177,000 of recurring payables and the elimination of $177,000 of Callable Convertible Debentures.
Superior Development Group, Inc.
Superior Development Group, Inc. Announces Plans to Provide Housing for Nation's Veterans
CLARKSDALE, Miss., Sept. 26, 2006 (PRIMEZONE) -- Superior Development Group, Inc., (Pink Sheets:SDVG) ("Superior Development") announced today that it has entered into a memorandum of understanding with Veteran's Quality of Life Access Network Inc., ("VQLAN"), a New York City based 501(c)(19) nonprofit organization to provide supportive housing for homeless veterans and transitional multi-family housing for meeting the immediate and long-term housing needs of homeless veterans on a nationwide basis under the U.S. Department of Veterans Affairs ("VA") housing initiatives and programs.