latest news releases from the newsroom
GlobeTel Communications Corp.
GlobeTel Communications Files Form 8-K Reporting Lawsuit
FORT LAUDERDALE, Fla., May 5, 2008 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Pink Sheets:GTEM) (the "Company") today announced that it reported on Form 8-K that the U.S. Securities & Exchange Commission filed a lawsuit in the United States District Court for the Southern District of Florida against GlobeTel Communications Corp. (the "Company") and three former officers of the Company, Timothy J. Huff, Thomas Y. Jimenez and Lawrence E. Lynch. The SEC alleges, among other things, that the Company recorded $119 million in revenue on the basis of fraudulent invoices created by Joseph Monterosso and Luis Vargas, two individuals formerly employed by the Company who were in charge of its wholesale telecommunications business.
SenoRx Receives Clearance for Modification to Its Contura MLB Product Warning Label
ALISO VIEJO, Calif., May 5, 2008 (PRIME NEWSWIRE) -- SenoRx, Inc. (Nasdaq:SENO) today announced that it has received clearance to modify a warning on its Contura(tm) Multi-Lumen Radiation Balloon (MLB) Catheter product label from the U.S. Food and Drug Administration. The revised warning clarifies the use of the Contura MLB in cases in which there is less than 5 millimeters of skin spacing.