latest news releases from the newsroom
Urban Outfitters, Inc.
Urban Outfitters Declares Two-for-One Split
PHILADELPHIA, Aug. 17, 2005 (PRIMEZONE) -- Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle consumer products company operating under the Anthropologie, Urban Outfitters and Free People brands, today announced that its Board of Directors has authorized a two-for-one split of its common stock. This split will be accomplished in the form of a stock dividend of one share of its common stock for each share outstanding. The additional shares issued as a result of the stock split will be distributed on or about September 23, 2005 to shareholders of record on September 6, 2005. After giving effect to the split, the Company will have approximately 164.3 million shares outstanding.
Light Management Group
Light Management Group Announces Appointment of New Secretary of the Board of Directors
BURLINGTON, Ontario, Aug. 17, 2005 (PRIMEZONE) -- Barrington L. Simon, Chairman of the Board and CEO of Light Management Group Inc. (Pink Sheets:LMGR), today announced the appointment of Michael C. Richardson to the LMGR Board of Directors as Secretary of the Board. Mr. Richardson is currently Vice-President of International Affairs for Quathemetin International A.G., a Switzerland-based business-development, finance and management-consulting corporation. Through its subsidiaries in Canada, the U.S., Europe and Asia, Quathemetin International A.G. serves small- and mid-capitalization companies in the private, public and government sectors.
Superior Development Group, Inc.
Superior Development Group, Inc. Announces New Financial Commitment and Two Affordable Housing Developments
CLARKSDALE, Miss., Aug. 17, 2005 (PRIMEZONE) -- Superior Development Group, Inc. (Pink Sheets:SDVG), a leading provider of affordable housing, announced today that it has received a $200 million financial commitment from Delta Housing Finance LLC to be used for the development of future affordable housing projects or the acquisition and rehabilitation of existing affordable housing properties. The company will earn development fees, construction income, income from the sales of affordable homes and potential additional incentive income. Revenues from the financial commitment are expected to exceed $120 million over a three-year period.
Wi-Fi TV Inc.
World gets Smaller as Wi-FiTV.com Provides One Page, One Click Access to Country News, Global Live TV Channels and Phone Calls
NEWPORT BEACH, Calif., Aug. 17, 2005 (PRIMEZONE) -- News, TV stations and even phone service representing a large part of the World has been shrunk to a single web page as Wi-Fi TV Inc. (Pink Sheets:WTVN) launches its new www.Wi-FiTV.com web site today. One page, one click access to a virtual phone dialer and hundreds of live TV channels as well as hundreds of news headlines and stories for each represented country and topic, push next generation technology on a global scale. While all the live TV channels and phone services are accessible from the Wi-Fi TV home page, individual country and topic pages offer the current news and on-demand video features.
Northrop Grumman Corp.
Northrop Grumman Flies Modernized Firebee Aerial Target for U.S. Navy
SAN DIEGO, Aug. 17, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) reached another milestone for its BQM-34 Firebee aerial target with the latest version's successful first flight featuring an enhanced integrated avionics unit as the vehicle's autopilot. Aerial targets are the U.S. Navy's most realistic means of training sailors and airmen against airborne threats and testing an array of weapon systems, and the avionics upgrade supports the service's aerial-targets transformation plan.
Bong Launches Productivity Improvement Programme
KRISTIANSTAD, Sweden, Aug. 17, 2005 (PRIMEZONE) -- As part of Bong's ongoing efforts to cut costs, improve profitability and raise productivity, a new action programme was launched in the third quarter. The programme will affect a total of around 100 employees in Scandinavia, the UK, Germany and Finland. In addition to those who have already left or been given notice, negotiations have been initiated for the reduction of 31 positions in Nybro, six in Kristianstad, some 20 in the U.K., around 10 in Germany, three in Denmark and two in Finland.