latest news releases from the newsroom
Horizon Offshore Inc.
Horizon Offshore Reports Second-Quarter Results
HOUSTON, Aug. 7, 2003 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) today reported a net loss for the quarter ended June 30, 2003 of $(4.1) million, or $(0.15) per share-diluted. This compares with net income of $2.6 million, or $0.10 per share-diluted, for the second quarter of 2002.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Stellent, Inc. -- STEL
BALA CYNWYD, Pa., August 7, 2003 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Stellent, Inc. ("Stellent" or the "Company") (Nasdaq: STEL), between October 2, 2001 and April 1, 2002 inclusive (the "Class Period"). The class action lawsuit was filed against the Company and certain of its officers and directors in the United States District Court for the District of Minnesota.
Stockwinners.com Option Picks Average Gains of More than One Hundred Percent; Rumors Up Twenty-Four Percent
AUSTIN, Texas, August 7, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Stockwinners.com. Selections featured in recent Stockwinners.com http://www.STOCKWINNERS.com Option Picks postings registered an average short-term gain of 117 percent. In the three months ending August 1st, the equities research firm addressed the upward price potential of 256 publicly traded stock options. On average, the entire group was up 117 percent in eleven days. The postings included one hundred seventy-one calls and eighty-five puts.
NetSol Technologies Inc.
REPLACING -- Akhter Group, a United Kingdom Company, Acquires 49.9 Percent of NetSolConnect, a Subsidiary of NetSol Technologies, Inc.; Acquisition to Bring Potentially $20 Million in Investment for First Nationwide Broadband Infrastructure in Pakistan
CALABASAS, Calif., Aug. 7, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWKC), a developer of proprietary software applications, today announced that it has entered into an agreement with United Kingdom-based Akhter Group PLC. Under the terms of the agreement, Akhter Group acquired 49.9 percent of NetSol Technologies' wholly owned subsidiary, Pakistan-based NetSolConnect (Pvt) Ltd., an Internet Services Provider in Pakistan. Akhter, one of the longest established computer companies in the UK, is well recognized as a provider of managed Internet services, integrated networks, both local area networks and wide area networks as well as metropolitan area networks within the UK.
Moore-Handley, Inc. Reports Results of Operations for the Quarter Ended June 30, 2003
BIRMINGHAM, Ala., Aug. 7, 2003 (PRIMEZONE) -- Moore-Handley, Inc. (Nasdaq:MHCO), a Birmingham-based distributor of hardware and home center products, reported a net loss of $133,000 or $0.07 per diluted share for the quarter ended June 30, 2003 vs. net income of $328,000 or $0.17 per diluted share for the same period in 2002. The quarter ended June 30, 2003 included a charge to income, net of taxes, of $227,000 or $0.13 per diluted share because of a change in the allowance for uncollectible vendor receivables. This change in estimate was based on new information developed as the result of improved accounting and internal controls for vendor receivables.