latest news releases from the newsroom
Infinity Business Systems, Inc.
Infinity Business Systems Opens Atlanta Office as Part of Its Ongoing National Expansion Campaign
TAMPA, Fla., Nov. 16, 2007 (PRIME NEWSWIRE) -- Infinity Business Systems (IBS), a leading provider of technology consulting and Managed IT Services, today announces it has established a physical presence in the Atlanta market. The new office is a step forward in the company's ongoing national expansion strategy and will begin servicing local customers from that location immediately.
Kirby McInerney LLP
Kirby McInerney LLP Announces Class Action Lawsuit On Behalf of CROCS Inc. Investors -- CROX
NEW YORK, Nov. 16, 2007 (PRIME NEWSWIRE) -- Kirby McInerney LLP announces that it has filed a class action lawsuit in the United States District Court for the District of Colorado on behalf of all persons who purchased or otherwise acquired the publicly traded securities of CROCS Inc. ("CROCS" or the "Company") (Nasdaq:CROX) between July 27, 2007 and October 31, 2007, inclusive, (the "Class Period").
Kirby McInerney LLP
Kirby McInerney LLP Announces Expansion of the Class Period for a Securities Class Action Lawsuit on Behalf of E-TRADE Financial Corporation Investors -- ETFC
NEW YORK, Nov. 16, 2007 (PRIME NEWSWIRE) -- Kirby McInerney LLP announces that it filed a securities class action in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the publicly traded securities of E-TRADE Financial Corporation ("E-TRADE" or the "Company") (Nasdaq:ETFC) during the period December 14, 2006 through November 9, 2007 (the "Class Period"). This class period is broader in scope than the periods covered in prior E-TRADE investor lawsuits. As a result, the suit covers investments that were not covered by the prior suits.
Growth Leads to Revamped ALLDATA Product Line
ELK GROVE, Calif., Nov. 16, 2007 (PRIME NEWSWIRE) -- Jeff Lagges, President of ALLDATA LLC, has announced the rebranding of ALLDATA's product line. "With sales growth and technology driving product innovations and shared functionality, it is time to consolidate our brands under the ALLDATA umbrella," says Lagges. "We have tremendous equity in the ALLDATA name, and it makes sense to promote the 'ALLDATA quality' we build into every product."
Golar LNG Limited Equity Raising
OSLO, Norway, Nov. 16, 2007 (PRIME NEWSWIRE) -- Golar LNG Limited (the "Company") is pleased to advise that the Company has successfully completed a private placement, which is now closed, of a total of 3.2 million new shares at a subscription price of NOK 133.00 per share. Gross proceeds from the equity issue amounted to NOK 425.6 million (equivalent to approximately U.S. $77.5 million). The total number of shares outstanding after the issue will be 67,576,866. The share issue was oversubscribed.
Roy Jacobs & Associates
Roy Jacobs & Associates Investigating Virgin Mobile USA, Inc. for Possible Securities Law Violations
NEW YORK, Nov. 16, 2007 (PRIME NEWSWIRE) -- Roy Jacobs & Associates announces that it is investigating possible securities and other legal violations regarding today's announcement by Virgin Mobile USA, Inc. ("Virgin Mobile" or the "Company") (NYSE:VM) of financial and net subscriber news that was viewed negatively by the market, and which concerned the quarter ending September 30, 2007, a quarter which had concluded by the time of the Company's October 12, 2007 initial public offering ("IPO"). The Prospectus for the Initial Public Offering appears to have unlawfully omitted rates of net subscribers and related trends for the quarter in violation of the Securities Act of 1933. VM shares have dropped approximately 14% on greatly increased trading volume, to a price of approximately $9.15 per share.
RedChip Companies Inc.
RedChip Announces Pressure BioSciences CEO Television Interview Available Online
ORLANDO, Fla., Nov. 16, 2007 (PRIME NEWSWIRE) -- RedChip Companies, Inc. today announced that Richard Schumacher, CEO of Pressure BioSciences, Inc. (Nasdaq:PBIO), a life sciences company engaged in the research, development and commercialization of sample preparation systems, was interviewed on RedChip TV, a business-oriented television interview program. The interview highlighted the company's focus on development of its platform technology called pressure cycling technology (PCT), which uses cycles of hydrostatic pressure between ambient and ultra high levels to control biomolecular interactions. The full interview is available online at www.redchip.com or through the following link: http://tinyurl.com/23gf8d.