latest news releases from the newsroom
Renegade Venture Corporation
Renegade's Hamilton Aerospace Subsidiary Announces Maintenance Contract for Another Boeing 737 Aircraft
TUCSON, Ariz., Dec. 3, 2003 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation (OTCBB:RDVN) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, signed a new contract with major customer Jetran International. This new project involves a heavy maintenance check, paint, and other return-to-service work on a former US Airways Boeing 737 aircraft owned by Jetran. The estimated value of this maintenance contract is approximately $500,000, which Hamilton Aerospace expects to complete and book in the 4th quarter. This contract is the latest in a series of aircraft maintenance projects that Hamilton Aerospace has performed for Jetran, an aircraft leasing company that purchased 91 commercial jet aircraft from U.S. Air in April of 2002.
Ofek Capital Corp.
Ofek Capital's Mortgage Banking Subsidiary Expected to Contribute Significantly to Revenues and Profitability
TORONTO, Dec. 3, 2003 (PRIMEZONE) -- Ofek Capital Corp.
(Pink Sheets:OFCC) announces that management has made progress in identifying acquisition targets in the California Mortgage Banking marketplace, for its wholly owned California subsidiary, Mortgage Bankers of North America (MBONA). All of the acquisition candidates have the infrastructure in place in the lucrative California mortgage market, yet have operational opportunities that Ofek will enhance and improve upon using its expertise from its mortgage banking past, along with its proprietary underwriting software.
Observer -- Telephone Conference on Acquisition of MediaMap
STOCKHOLM, Sweden, Dec. 03, 2003 (PRIMEZONE) -- Observer AB invites you to participate in a telephone conference on the acquisition of MediaMap of the U.S., Wednesday December 3 at 3:00PM (CET). Robert Lundberg, CEO, Anders Lundmark, CFO, and other group managers will participate in the conference.
lastminute.com acquires Med Hotels
LONDON, Dec. 03, 2003 (PRIMEZONE) -- lastminute.com plc, the leading online provider of travel and leisure solutions, today announces the purchase of a UK hotel consolidator and package holiday reseller, Med Hotels (comprising of Med Hotels Limited and Travel Bargains Limited), for 16.1 million which will be satisfied by 8.0 million in cash and the issue of 2,941,176 new shares in lastminute.com plc.
Observer Strengthens its Customer Offering Through US Acquisition
STOCKHOLM, Sweden, Dec. 03, 2003 (PRIMEZONE) -- Observer is strengthening its customer offering by acquiring the US company MediaMap for USD 23 million, and in the process further consolidating its position as the market leader. Observer expects its profit per share and cash flow to be positively affected from the date of acquisition.
Trigen's i.v. Anticoagulant, TGN 255, Successfully Completes Phase I PK/PD Study
LONDON, U.K., Dec. 03, 2003 (PRIMEZONE) -- Trigen Ltd today announced the successful completion of a Phase I dose escalation study for its intravenous direct thrombin inhibitor, TGN 255, which is being developed for the prevention and treatment of thrombosis. Trigen is developing TGN 255 for certain in-hospital and acute care indications where there is a need for safer and more convenient anti-coagulants than are currently available.
Spector Roseman Kodroff & Willis, P.C.
Spector, Roseman, & Kodroff, P.C. Announces Class Action Lawsuit Against Pilgrim Baxter & Associates on Behalf of Purchasers of Certain Pilgrim Baxter Mutual Funds
PHILADELPHIA, Dec. 2, 2003 (PRIMEZONE) -- The law firm of Spector, Roseman & Kodroff, P.C. announces that a class action lawsuit has been filed against Pilgrim Baxter & Associates ("Pilgrim Baxter") on behalf of all purchasers, redeemers and holders of shares of PBHG Growth Fund (NASDAQ: PBHGX), PBHG Emerging Growth Fund (NASDAQ: PBEGX), PBHG Large Cap Growth Fund (NASDAQ: PBHLX), PBHG Select Growth Fund (formally known as PBHG Select Equity Fund) (NASDAQ: PBHEX), PBHG Focused Fund (formally known as PBHG Focused Value Fund) (NASDAQ: PBFVX), PBHG Large Cap Fund (formally known as PBHG Large Cap Value Fund) (NASDAQ: PLCVX), PBHG Large Cap 20 Fund (NASDAQ: PLCPX), and others in the PBHG Mutual Funds, which are managed by Pilgrim Baxter from November 13, 1998 through November 13, 2003.