latest news releases from the newsroom
Swedish Match to Terminate its ADR program and to Delist from the NASDAQ National Market
STOCKHOLM, Sweden, Aug. 19, 2004 (PRIMEZONE) -- Today the Board of Directors of Swedish Match decided to terminate its ADR program and to delist from the NASDAQ National Market. The termination does not influence the listing on the Swedish Stock Exchange, Stockholmsborsen (OMX), where Swedish Match shares will continue to be listed. The trading in Swedish Match ADRs on NASDAQ will stop on the day when the termination of the ADR program becomes effective, which will occur sixty days after notice of termination of the ADR program is formally provided. The Swedish Match Board of Directors has decided that the cost of maintaining a listing on NASDAQ is no longer justified given that the turnover rate of Swedish Match share on NASDAQ is low. The termination of the ADR program and the delisting from NASDAQ do not affect the registration of the company with the US Securities and Exchange Commission (SEC).
Tyson-Williams Bout Creates Estimated $10,000,000 Lawsuit
LOUISVILLE, Ky. , Aug. 19, 2004 (PRIMEZONE) -- Straight Out Promotions today filed multiple lawsuits in the Federal District Court of Western Kentucky against Sports Network, a partnership formed under the laws of England and Wales; Sports & Leisure, Boxing Ltd., a corporation formed under the laws of England and Wales and a General Partner of Sports Network; Frank Warren, a resident of Great Britain, in his individual capacity and as a General Partner of Sports Network and Brearly (International) Limited, a corporation formed under the laws of Gibraltar.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against PetMed Express, Inc. -- PETS
BALTIMORE, Aug. 18, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of PetMed Express, Inc. (Nasdaq:PETS) between June 18, 2003 and July 26, 2004, inclusive (the "Class Period").
PayStar Secures Nationwide Bank Funds Loading Contract for Stored Value Cards
LODI, Calif., Aug. 18, 2004 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST), one of the nation's growing providers of stored value debit cards, announced today the completion of a nationwide marketing agreement with Worldwide Financial Services(tm), Inc. dba Express Payments Solutions, Inc. (EPS). Under this agreement PayStar will offer EPS's nationwide bank funds loading services to the numerous stored value marketing companies in need of localized funds loading capability. The service will utilize four leading banks to provide over 10,000 branch locations where client cardholders may conveniently replenish funds on their stored value debit ATM cards and prepaid MasterCard(r) accounts.
Gateway International Holdings, Inc.
CORRECTION: Gateway International Holdings Announces 2-for-1 Stock Split
ANAHEIM, Calif. , Aug. 18, 2004 (PRIMEZONE) -- Gateway International Holdings, Inc. (Pink Sheets:GWIH) announced today that the Company's Board of Directors has approved a two-for-one stock split of the Company's common stock. The stock split will entitle each stockholder of record on the later of the close of business August 20, 2004 or approval from Nasdaq, to receive one additional share for every outstanding share of common stock. The split is a mandatory exchange payable upon surrender. Therefore, stockholders entitled to receive split shares are required to remit their pre-split stock certificates to the Company's transfer agent, Pacific Stock Transfer, to receive their split shares. Upon the completion of the stock split, Gateway International Holdings, Inc. will have approximately 32 million shares of common stock outstanding.