latest news releases from the newsroom
Mobiltek Announces the Sale of One of Its Subsidiaries
SUNNYVALE, Calif., Dec. 27, 2005 (PRIMEZONE) -- Mobiltek Corp. (Pink Sheets:MOBK) announced today that it had entered into an agreement to sell its wholly owned subsidiary, Mobiltek Corp., California ("the Company") to SinoConnect Limited ("the Purchaser"), a telecom system integration company incorporated in Hong Kong. With the sale the Purchaser will assume the nine service contracts that the Company currently manages in China. The Company will receive $100,000 upon completion of due diligence.
First Securities Suit Against FARO Technologies, Inc. Filed by Scott+Scott, LLC -- FARO
COLCHESTER, Conn., Dec. 27, 2005 (PRIMEZONE) -- Scott+Scott, LLC (http://www.scott-scott.com), at the direction of clients, filed the first of a number of similar securities fraud class actions in the United States District Court for the Middle District of Florida (Orlando Division -- No. 05-cv-1810) against FARO Technologies Inc. ("FARO" or the "Company") (Nasdaq:FARO) and individual defendants. Presently, the class is defined in the complaint drafted by Scott+Scott as those who purchased FARO securities between May 6, 2004, and November 3, 2005, inclusive (the "Class Period"). However, any purchaser of FARO securities can contact the firm as the class period may change as information is revealed. FARO engages in the design, development, marketing, and support of portable, software-driven, 3D measurement systems for a range of manufacturing and industrial applications (FAROTechnologiesSecuritiesLitigation@scott-scott.com).
The Bull Market Report
The Bull Market Report Examines Some High-Yielding Stocks for '06
PRINCETON, N.J., Dec. 27, 2005 (PRIMEZONE) -- The Bull Market Report (http://www.bullmarket.com), a long-term growth and income-generating focused online investment newsletter, announced today that it has provided subscribers with a look at some high-yielding stocks including Anworth Mortgage Asset (NYSE:ANH), Friedman Billings Ramsey Group (NYSE:FBR), Technology Investment Capital (Nasdaq:TICC), and Altria Group (NYSE:MO).
Diebold, Inc. Faces Securities Fraud Class Actions Initiated by Scott + Scott LLC -- DBD
COLCHESTER, Conn., Dec. 27, 2005 (PRIMEZONE) -- Scott+Scott, LLC (http://www.scott-scott.com) initiated on December 13, 2005, the first of a number of similar securities fraud class actions against Diebold, Inc. ("Diebold" or the "Company") (NYSE:DBD) and certain of its officers and directors. The action is pending in the United States District Court for the Northern District of Ohio (No. 05CV2873). The Class is defined in the complaint drafted by Scott+Scott as those who purchased Diebold securities between October 22, 2003, and September 21, 2005, inclusive (the "Class Period"). However, any purchaser of Diebold securities can contact the firm as the Class Period may change as information is revealed. Diebold engages in the development, manufacture, sale, and service of systems, software, and various products used to equip bank facilities such as automatic teller machines.
Scott+Scott, LLC Securities Fraud Action Against Guidant Corporation -- Lead Plaintiff Motion Deadline January 3, 2006 -- GDT
COLCHESTER, Conn., Dec. 27, 2005 (PRIMEZONE) -- Scott+Scott, LLC (http://www.scott-scott.com) initiated a securities fraud class action on November 3, 2005, in the United States District Court for the Southern District of Indiana against Guidant Corp. ("Guidant") (NYSE:GDT) and certain individual defendants (No. 05CV1658). Guidant securities purchasers between December 15, 2004 and November 3, 2005, inclusive (the "Class Period") are putative class members. Guidant claims to provide therapeutic medical solutions for customers, patients, and healthcare systems worldwide.