latest news releases from the newsroom
Parker Waichman Alonso LLP
Parker & Waichman Announces it Has Been Retained by Over 2000 Current and Former WorldCom and MCI Shareholders -- WCOEQ, MCWEQ, MCIAV
NEW YORK, Feb. 5, 2004 (PRIMEZONE) -- Parker & Waichman (www.worldcomstockfraud.com) announces that they have now been retained by over 2000 current and former WorldCom (Pink Sheets:WCOEQ), (Pink Sheets:MCWEQ), (Pink Sheets:MCIAV) and MCI shareholders. These retained clients consist of Salomon Smith Barney clients who purchased shares of WorldCom or MCI securities, current and former WorldCom or MCI Employees and investors who lost at least $300,000 on WorldCom or MCI securities. Many of these clients qualified as members of the WorldCom class action lawsuit, but have decided to opt-out of that lawsuit to pursue individual claims. Parker & Waichman continues to offer free lawsuit case evaluations at: www.worldcomstockfraud.com and www.worldcomemployeelawsuit.com .
Karsten Slotte proposed for Swedish Match Board of Directors
STOCKHOLM, Sweden, Feb. 5, 2004 (PRIMEZONE) -- Prior to the Annual General Meeting, the Nominating Committee of Swedish Match AB is proposing the new election of Karsten Slotte, 50, to the Board of Directors. The Committee also proposes the re-election of the Chairman Bernt Magnusson as well as Jan Blomberg, Tuve Johannesson, Arne Jurbrant, President and CEO Lennart Sunden and Meg Tiveus. Klaus Unger has declined re-election.
Impala Platinum Holdings Ltd.
Implats Announces 2-for-1 Split of American Depository Receipts (ADRs)
JOHANNESBURG, South Africa, Feb. 5, 2004 (PRIMEZONE) -- Impala Platinum Holdings Ltd (Implats) (Pink Sheets:IMPUY) (Other OTC:IMPAF) (JSE:IMP) (LSE:IPLA) (ADR:IMPUY) today announced a 2-for-1 split of its American Depository Receipts (ADRs), bringing the ratio to four ADRs to every one ordinary share. The effective date of the split will be with the opening of business in New York on February 9, 2004. Implats initiated its Level 1 sponsored ADR programme in January of 2003, with Deutsche Bank appointed as the depository bank.
Global Electric Initiates Conversion Project with United States Navy
LAS VEGAS and NEW YORK, Feb. 5, 2004 (PRIMEZONE) -- Whistler Investments, Inc. (OTCBB:WHSL) (name change pending to Global Electric Corp), an emerging leader in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide, announced today that development of a lithium-ion conversion project has been initiated. The project will serve as a trial with the United States Navy, and the development and implementation of this project will take place within the Global Electric facilities in Van Nuys, California.
Revised time schedule for the combination of LGP Allgon and Powerwave
STOCKHOLM, Sweden, Feb. 5, 2004 (PRIMEZONE) -- With respect to the strategic combination of LGP Allgon and the US company Powerwave Technologies, Inc. ("Powerwave"), prospectus and other registration statements are being prepared in Swedish and in English to be registered with the Swedish Financial Supervisory Authority (Finansinspektionen) and the US Securities and Exchange Commission (the "SEC"). The prospectus is, with LGP Allgon has been informed that the new Powerwave shares to be issued in relation to the offer will be subject to registration with the SEC. The exemption from the registration requirements previously relied upon by Powerwave is no longer applicable, as a result of significant increase in the number of US holders of LGP Allgon shares following deviation from what has previously been communicated, anticipated to be distributed to LGP Allgon's shareholders during March 2004, immediately followed by an acceptance period. The current estimation is that the combination will be completed during April 2004.
Gemini Financial Communications
Nicholas Investment Company, Inc. Announces Agreement with Inter Medical GmbH for China Joint Venture
TEMECULA, Calif., Feb. 5, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Pink Sheets:NIVM) today announced that its subsidiary, SINO UJE, Ltd., has entered into a Letter of Intent with Inter Medical GmbH, a medical software and hardware company based in Germany, to form a joint venture company to expand the market and availability of Inter Medical's imaging products in China.