latest news releases from the newsroom
Los Angeles World Airports
Statement by Cheryl K. Petersen, President, Los Angeles Board of Airport Commissioners on the Release of the LAX Unified Command Study by CTI Consulting Services
LOS ANGELES, March 24, 2005 (PRIMEZONE) -- Members of the Los Angeles Board of Airport Commissioners (BOAC) today received the report of CTI Consulting Services, concurrent with its release to other interested parties, including Mayor Jim Hahn, Los Angeles City Council members, police commissioners and representatives of Los Angeles-based law enforcement agencies. The report is available for public viewing at http://www.countertech.com. CTI is a leading aviation security consulting firm based in Bethesda, Maryland, founded in 1984.
EMS Technologies, Inc.
Telesat Pioneers EMS Technologies' Next-Generation Technology on Anik F2 Satellite
WASHINGTON, March 24, 2005 (PRIMEZONE) -- Satellite 2005, Booth No. 635 -- EMS Technologies, Inc. (Nasdaq:ELMG) announced today at Satellite 2005 that Telesat, one of the world's leading satellite operators, has completed in-orbit testing of a next-generation digital broadband on-board signal processor on Anik F2, the largest commercial communications satellite ever launched. The successful tests of this "broadband switch in the sky" will now enable Telesat to undertake follow-on applications development work.
Emtec Inc. Sells Geothermal Rights
TRENTON, N.J., March 24, 2005 (PRIMEZONE) -- Emtec Inc. (OTCBB:ETEC) today announced that it has sold it's 5.49 percent working interest in the Roosevelt Hot Spring geothermal power unit -- as well as some other minor oil and gas rights -- to Energy Minerals Inc., a Nevada corporation, for $150,000 in cash. The company expects this sale will result in a one-time gain on the sale of the geothermal investment of approximately $290,000 to be recorded in the quarter ending March 31, 2005.
Scott + Scott, LLC Client/Shareholders Brought Class Action Lawsuit Against Bradley Pharmaceuticals for Securities Violations On March 8, 2005 -- BDY
COLCHESTER, Conn., March 24, 2005 (PRIMEZONE) -- Scott + Scott, LLC filed on behalf of client/shareholders a class action for securities fraud violations in the U.S. District Court for the District of New Jersey on March 8, 2005. This firm is also litigating cases such as Merck, Royal Dutch/Shell, Commerce Bancorp and others in this jurisdiction. Furthermore, Scott + Scott recently settled a large pharmaceutical securities case against ImClone for $75 million dollars. The Securities and Exchange Commission (SEC) is conducting an investigation into Bradley Pharmaceuticals (NYSE:BDY). The case is on behalf of those who purchased securities in Bradley between October 8, 2003 and February 25, 2005 (the "Class Period"). On March 22, 2005, Bradley Pharmaceuticals, Inc. (the "Company") entered into a Forbearance Agreement with the lenders that are party to its $125 million credit facility under which Wachovia Bank, National Association, serves as administrative agent. Under the Forbearance Agreement, the lenders agreed to forbear from exercising, for a period of 30 days, their remedies under certain provisions of the credit facility as a result of the Company's failure to file its Annual Report on Form 10-K and furnish audited financial statements for 2004.
GTREX Capital, Inc. Announces Agreement for Global Travel Exchange to Acquire Critical Technology Component from Elleipsis, Inc.
ALISO VIEJO, Calif., March 24, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that portfolio investment company Global Travel Exchange has completed an initial agreement to acquire integration server source code (J2EE) from Elleipsis, Inc., a leading technology software firm serving the travel industry. By acquiring exclusive rights to this code, Global Travel Exchange has gained the ability to provide vastly improved service to global travel suppliers while reducing licensing fees.