latest news releases from the newsroom
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against AFC Enterprises, Inc. -- AFCE
BALA CYNWYD, Pa., March 26, 2003 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announced that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities. The class action lawsuit was filed in the United States District Court for the Northern District of Georgia on behalf of all purchasers of the common stock of AFC Enterprises, Inc. ("AFC" or the "Company") (Nasdaq:AFCE) from March 2, 2001 through March 24, 2003, inclusive (the "Class Period").
Northrop Grumman Corp.
Northrop Grumman Wins U.S. Army CECOM Rapid Response Contract
HERNDON, Va., March 26, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) and seven additional contractors have been awarded an eight-year indefinite delivery/indefinite quantity (ID/IQ) contract by the U.S. Army Communications Electronics Command (CECOM) for the CECOM Rapid Response (CR2) program. The overall ceiling of this ID/IQ contract is more than $2.7 billion.
Arete Industries, Inc.
Arete Industries, Inc. Issues an Update Toward Completion of Purchase of 5% of Tri-State Transfer Industries, LLC and Announces an Upgrade to its In-House Corporate Communications Activities
NIWOT, Colo., March 26, 2003 (PRIMEZONE) -- Arete Industries, Inc. (OTCBB:ARET), a publicly traded business development company, released an update on progress toward completing its deal announced earlier this month, to acquire 5% of Tri-State Transfer Industries, LLC ("Tri-State"). Tri-State has recently signed a preliminary agreement to purchase a 35 acre site in Grosvenor-Dale, in Thompson Township, Connecticut for its first Municipal Solid Waste ("MSW") and Construction & Demolition Waste ("C&D") transfer station and its processing and recycling facility. Additionally, Tri-State has received a written commitment from a municipal waste brokerage firm to fulfill its minimum start-up tonnage of MSW and C&D from a number of cities and municipalities in Connecticut, Massachusetts and Rhode Island. Other important events include the signing of an underwriting agreement from a bond underwriter to represent Tri-State in the offering of taxable bonds to purchase the land, equip and build the new facility, and to fund start-up costs. The Company is anticipating confirmation of other material pieces of the business development plan falling into place in the very near future, including zoning approvals and permits for the facility, but obtaining the supply agreement described above satisfies a major requirement for obtaining the bond funding. Formal documents are being prepared for the closing of the transaction between Tri-State and Arete, contingent upon these and other material preconditions.
Changes to Biora's Board of Directors
STOCKHOLM, Sweden, March 26, 2003 (PRIMEZONE) -- The Biora Board was advised today that at the company's Annual General Meeting on April 29, 2003, Jan Kvarnstrom and Lennart Jacobsson will decline to seek re-election as Directors.