latest news releases from the newsroom
Lazare Kaplan International
Lazare Kaplan International Inc. to Webcast Fiscal 2006 Third Quarter Results
NEW YORK, April 3, 2006 (PRIMEZONE) -- Lazare Kaplan International Inc. (AMEX:LKI), a manufacturer and marketer of diamonds and jewelry products, intends to release its fiscal 2006 third quarter financial results prior to the market open on Friday, April 7, 2006. In conjunction with this release, the Company will hold a conference call conducted by senior management, which will be broadcast live over the Internet.
HCC Insurance Holdings, Inc.
HCC Notes Remain Convertible in Second Quarter
HOUSTON, April 3, 2006 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) is issuing this release under the required notice provisions of its convertible notes. Based upon its share performance during the First Quarter 2006, its originally issued and exchanged 2.00% Convertible Notes due 2021 and its 1.30% Convertible Notes due 2023 (collectively, the "Convertible Notes") will be convertible under the terms of their respective Indentures during the Second Quarter 2006.
Scott+Scott, LLC, Sues PainCare Holdings, Inc. on Behalf of Shareholders -- PRZ
COLCHESTER, Conn., April 3, 2006 (PRIMEZONE) -- On April 3, 2006, Scott+Scott, LLC, filed a securities class action on behalf of securities purchasers of PainCare Holdings, Inc. (AMEX:PRZ) ("PainCare" or the "Company") during the period August 27, 2002 through March 15, 2006, inclusive (the "Class Period"), pursuing remedies under the Securities Exchange Act of 1934. PainCare operates as a professional health services organization specializing in pain management medical and surgical solutions. According to the complaint, prior to and during the Class Period, Defendants engaged in an aggressive growth strategy through rapid acquisition of medical facilities and providers. Unbeknownst to investors, however, Defendants were accounting improperly for certain expenses associated with these acquisitions in order to bolster the Company's stock price to facilitate these Class Period acquisitions. As a result of this improper accounting, PainCare announced it has lowered its previously announced 2006 earnings forecasts, must delay its 2005 earnings release and will restate its financial results for fiscal 2000 through 2004, and the first three quarters of 2005. The complaint also alleges that Defendants' false and misleading financial guidance artificially inflated PainCare's share prices, thereby harming investors who purchased their PainCare shares during the Class Period.
Web.com Reports Results of Annual Shareholder Meeting
ATLANTA, April 3, 2006 (PRIMEZONE) -- Web.com, Inc. (Nasdaq:WWWW), the leading destination for websites and web services for small businesses and consumers, today announced the voting results from its 2006 Annual Meeting of Shareholders held on Friday, March 31, 2006. The Company's three proposals were each approved by the shareholders.
First Horizon National Corporation
Larry Martin to Retire from First Tennessee Bank after 37-Year Career
MEMPHIS, Tenn., April 3, 2006 (PRIMEZONE) -- Larry Martin, chief operating officer for First Tennessee Bank's financial services group, will retire June 30, 2006, following a successful 37-year career in banking. In his current role with First Tennessee, a division of Memphis-based First Horizon National Corp. (NYSE:FHN), Martin holds responsibility for all Tennessee regional banking markets, merchant services processing, Hickory Venture Capital, Synaxis Group and the commercial, corporate and middle market divisions.