latest news releases from the newsroom
Kaplan Fox & Kilsheimer LLP
Kaplan Fox Seeks to Recover Losses for Investors Who Purchased HealthSouth Securities -- HRC
NEW YORK, March 27, 2003 (PRIMEZONE) -- Kaplan Fox & Kilsheimer LLP (kaplanfox.com) filed a class action against HealthSouth Corporation ("HealthSouth" or the "Company") (NYSE:HRC) and certain of its officers and directors, in the United States District Court for the Northern District of Alabama. This suit is brought on behalf of all persons or entities, other than defendants, who purchased HealthSouth securities between March 31, 1998 and March 18, 2003, inclusive (the "Class Period").
Life Energy & Technology Holdings Inc.
Life Energy & Technology Holdings, Inc. Today Announced that It Welcomes SEC Amendment Strengthening Rule on Delivery of Stock
UTICA, N.Y., March 27, 2003 (PRIMEZONE) -- Dr. Albert Reynolds, Chairman of Life Energy & Technology Holdings Inc. (OTCBB:LETH) (Deutsche Borse DE:LFT), today welcomed the SEC Amendment to the Collateral Requirements in Rule 15c3-3, which requires broker-dealers to provide full collateral when borrowing fully paid and excess margin securities from customers (http://www.sec.gov/news/digest/). Dr. Albert Reynolds said, "This amendment is good news for U.S. Public Companies. I whole-heartedly endorse and commend the SEC for this initiative and I intend to redouble our lobbying and legal efforts to ensure that Rule 15c3-3 is fully and completely enforced. From what I can observe, the trading system in America has allowed for abusive trading practices to over inflate share ownership in a U.S. Public Company. Both Senator Vance Hartke and myself are hoping to convince the U.S. Congress and Senate of the need for immediate passage of this rule and the enforcement thereof.
Capio's 2003 Annual General Meeting
GOTHENBURG, Sweden, March 27, 2003 (PRIMEZONE) -- The Capio (Other OTC:CPOOF) Annual General Meeting resolved to authorise the Board of Directors to decide on a new issue of no more than 4.5 million shares, which would have a maximum dilution effect of 5.5% on the company's share capital and voting rights. Two new Board members were elected. The financial statements were approved and, as in previous years, the Annual General Meeting resolved that no dividend be paid for the 2002 fiscal year.
Artimplant Signs Distribution Agreement
STOCKHOLM, Sweden, March 27, 2003 (PRIMEZONE) -- Artimplant AB (Other OTC:APLTF) and Atlantech Ltd. - a subsidiary of ArthroCare Corporation, Sunnyvale, CA - today signed an initial distribution agreement in which Atlantech will conduct test sales during six month of Artelon(TM) Augmentation Device ACL.
Platinum Group Metals Ltd.
Platinum Group Metals Elandsfontein Drilling Intercepts Shallow UG-2 Platinum Reef Drilling Continuing
VANCOUVER, B.C., March 27, 2003 (PRIMEZONE) -- Drilling by Platinum Group Metals Ltd, (TSX Venture Exchange:PTM), on the Elandsfontein property, immediately adjoining Anglo Platinum's Bafokeng Rasimone Platinum Mine, has intercepted the UG-2 platinum reef at shallow depths and drilling is continuing. The reef is present at depths of less than 55 meters in all of the initial 4 drill holes reported below. The final hole reported here includes an intercept of 3.45 g/t platinum, palladium and rhodium plus gold over 1.29 meters, the traditional UG-2 thickness and grade. Drilling at Elandsfontein will focus along strike to the northwest for a further 1,000 meters on the property and will also test for down dip potential. A total of 41 holes are planned in the current drilling program and a second drill rig will now be added to accelerate the program. Further assays including assays from a potential second reef intercept in the initial holes are expected shortly.