latest news releases from the newsroom
Harwood Feffer LLP
Wechsler Harwood LLP Announces the Filing of a Class Action Suit against Netflix Inc. -- NFLX
NEW YORK, Aug. 18, 2004 (PRIMEZONE) -- The law firm of Wechsler Harwood LLP announces that a securities class action lawsuit was commenced in the United States District Court for the Northern District of California on behalf of a class (the "Class") consisting of all persons who purchased or otherwise acquired securities of Netflix Inc. ("Netflix" or the "Company") (Nasdaq:NFLX) between October 1, 2003 and July 15, 2004, inclusive (the "Class Period").
iBX Group, Inc.
iBX Adds Diagnostic Testing; Sales to Be $3 Million
DEERFIELD BEACH, Fla., Aug. 18, 2004 (PRIMEZONE) -- iBX Diagnostics, Inc., a newly formed subsidiary of iBX Group, Inc. (OTCBB:IBXG), announced today that is has recently signed a contract with Provalis Diagnostics, a provider of in-office, blood testing devices based in the United Kingdom, as a premiere distributor of its "in2it" product. The new division of iBX will sell the analyzer to healthcare providers nationwide that provide diabetes management through its own network of distributors. iBX Diagnostics will also provide transaction processing and lease financing services. Based on the terms of the contract the company expects to generate $3 million in revenue over the next 12 months as a result of its initial commitment of 600 units from Provalis. iBX Diagnostics will expand its operations by acquiring the rights to distribute other products through its network and by obtaining servicing opportunities from a broad spectrum of healthcare providers.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Primus Telecommunications Group, Inc. -- PRTL
BALA CYNWYD, Pa., Aug. 18, 2004 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Primus Telecommunications Group, Inc. ("Primus" or the "Company") (Nasdaq:PRTL), between November 11, 2003 and July 29, 2004 inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Eastern District of Virginia.
ProUroCare Medical Inc.
ProUroCare Medical Inc. Raises $4.4 million in Private Placement and Files Registration Statement
MINNEAPOLIS, Aug. 18, 2004 (PRIMEZONE) -- ProUroCare Medical Inc. (OTCBB:PRRC) announced today that it has completed a private placement of 2,205,000 shares at $2.00 per share, resulting in gross proceeds to the company of $4,400,000 before payment of offering costs. Concurrent with the completion of this financing, the company, subject to certain terms and conditions, filed a registration statement with the SEC covering the resale of the common shares purchased and the shares issuable upon exercise of warrants. With the completion of this private placement ProUroCare Medical Inc. will have 13,943,616 shares outstanding and 17,010,493 shares on a fully diluted basis.
Home Solutions Health, Inc.
Home Solutions Health Sales Increase over 400% in July
NEW YORK, Aug. 18, 2004 (PRIMEZONE) -- Home Solutions Health, Inc. (Pink Sheets:HSHL) announced today that July sales of its Hemorrelief increased over 400% compared with June sales. The sales increase is directly attributable to the Company's media campaign on The Howard Stern Show. The Company has extended its advertising efforts with The Howard Stern Show through October. It is estimated that The Howard Stern Show has an estimated 18 million daily listeners. The Company will be introducing other media campaigns through the balance of the third and fourth quarters. The Company anticipates that these advertising and marketing efforts will continue to drive sales of its Hemorrelief product significantly in the months ahead.
Lansforsakringar continues to grow in banking and insurance
STOCKHOLM, Sweden, Aug. 18, 2004 (PRIMEZONE) -- Lansforsakringar continues to show favourable growth in banking and insurance. As shown in the quarterly statistics for the second quarter of 2004 released by the Association of Swedish Insurance Companies, the market share in non-life insurance rose by 1.6 percentage points to 32.0%. The share of the total life assurance market declined somewhat, while at the same time Lansforsakringar is growing in the important market for occupational pension insurance. Lansforsakringar's banking operations also continue to grow. The market share in deposits increased during the period June 2003 to June 2004 from 2.8% to 2.9%. The market share in housing loans (first mortgages) rose from 1.5% to 2.4%
First Capital International, Inc.
First Capital International, Inc. -- Home Automation Showcased at Oceana Condominium and Club
BROOKLYN, N.Y., Aug. 18, 2004 (PRIMEZONE) -- Oceana Condominium and Club, the premier oceanfront community in Brighton Beach, Brooklyn and First Capital International, Inc. (OTCBB:FCAI), the designer and manufacturer of its prepackaged VIP Systems(tm), (www.VipHomeSystems.com), -- a state-of-the-art home automation/media distribution and video observation system, announced today the featuring of the VIP Systems(tm) Home Automation package in a new Penthouse model.
GoldSpring Update: Plum Community Open House Has Over 500 In Attendance and 42 pounds of Dore Poured; Current Operation Update
VIRGINIA CITY, Nev., Aug. 18, 2004 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) operates its Plum Mining, Billie The Kid gold and silver cyanide heap leach project located just outside Virginia City, NV and on Thursday, August 12, 2004 hosted a Community Open House from 3-6PM. The event drew over 500 attendees who started arriving around 2:30 and left after 7:00PM. Tours of the Billie The Kid open pit mine as well as the complete Plum processing facility were enjoyed by a standing room only crowd. Politicians, residents, State regulators, media, investors and tourists all had positive comments on the operation and were thankful to be invited to a true open house. Food and beverages were served by the Plum/GoldSpring crew and entertainment was provided by Virginia City's Jesse James and Band. The Silver City Volunteer Fire Dept. provided the BBQ used in food preparation and raised donations to rebuild their recently burned down historical school house. The highlight of the event was the pouring of 42 pounds of gold and silver dore at about 4:30 PM. The event was filmed so all could see at their convenience. The dore was shipped to Johnson Matthey refinery in Salt Lake City, Utah from Virginia City. The dore represented about a third of the precipitate material recovered from the Merrill Crowe plant. The balance was poured yesterday.