latest news releases from the newsroom
President Resigns as Lindex Announces Significant Deterioration in Second Quarter Results
STOCKHOLM, Sweden, March 9, 2004 (PRIMEZONE) -- Lindex's provisional result after financial income and expenses for the second quarter of the 2003/2004 financial year is expected to amount to SEK -55M after being affected by significantly larger 'sale' volumes than planned. Partly as a result of this, Jorgen Johansson, in consultation with the Board of Directors, has agreed to step down as President. The Board of Directors has appointed Conny Karlsson as Acting President.
Astex Announces Drug Discovery Alliance with Boehringer Ingelheim
CAMBRIDGE, U.K., March 9, 2004 (PRIMEZONE) -- Astex Technology, the fragment-based drug discovery company, today announced a three year, multi-target-based, alliance with Boehringer Ingelheim for the discovery of novel drugs for various therapeutic indications. This new collaboration, will apply Astex's proprietary fragment based discovery approach, Pyramid(TM), to generate novel lead series against targets selected by Boehringer Ingelheim. Boehringer Ingelheim will be responsible for all clinical development and has an option to obtain worldwide exclusive marketing rights for all identified compounds.
a21 Appoints Eisner LLP as Independent Auditor
NEW YORK, March 8, 2004 (PRIMEZONE) -- a21, Inc. ("a21") (OTCBB:ATWO), a digital business partner for top-tier photographers and image archives, announced today that pursuant to the recommendation of its Board of Directors, the Company has appointed Eisner LLP as its independent auditor. The transition to Eisner has already begun and replaces the services of Marcum & Kliegman LLP.
Wolf Popper LLP
Wolf Popper LLP Files Securities Fraud Class Action Against El Paso Corporation -- EP
NEW YORK, March 8, 2004 (PRIMEZONE) -- Wolf Popper LLP has filed a securities fraud lawsuit against El Paso Corporation (NYSE:EP) and certain of its officers and directors on behalf of all persons who purchased El Paso securities on the open market from March 31, 2003 through February 17, 2004. The action was filed in the United States District Court for the Southern District of Texas (Cause No. H-04-0924). The complaint can be viewed on Wolf Popper's website or obtained from the Court.
eMax Holdings Corporation
eMax Net, Inc. Engages Pluris Partners, LLC as Financial Consultant
ORLANDO, Fla., March 8, 2004 (PRIMEZONE) -- eMax Net, Inc. (EMAXNET), a minority owned subsidiary of eMax Corporation (Pink Sheets:EMAX), today announced the engagement of Pluris Partners, LLC as financial consultants to the company in advance of the pending merger between EMAXNET and Redox Technology Corp (OTCBB:RDOX). Pluris will advise EMAXNET in the identification, evaluation and undertaking of debt and equity financing options, introduce the company to broker-dealers interested in making a market in its securities to improve corporate liquidity, assist the company in identifying and developing institutional investment, help in the preparation of financial memorandums and similar statements related to financing activities, and, advise and assist EMAXNET in the restructuring, investment in, or spinning off of any of its subsidiaries. Under the terms of the agreement, and to secure their services, Pluris will be entitled to a monthly cash retainer and reimbursement of expenses in addition to warrants to purchase EMAXNET shares expiring September 1, 2007. Both companies note this agreement does not promise or involve any investment in EMAXNET on the part of Pluris.