latest news releases from the newsroom
Strategic Distribution, Inc.
Strategic Distribution, Inc. Reports 2004 Second Quarter Financial Results
BENSALEM, Pa., Aug. 16, 2004 (PRIMEZONE) -- Strategic Distribution, Inc. (Nasdaq:STRD), a leading provider of maintenance, repair and operating (MRO) supply chain management services, today reported financial results for the second quarter ended June 30, 2004.
Cinema Internet Networks Inc.
CinemaWorks to Raise $5.0 Million US to Finance Revenue Sharing Installations
VANCOUVER, British Columbia, Aug. 16, 2004 (PRIMEZONE) -- Cinema Internet Networks Inc. (d.b.a. "CinemaWorks") (Other OTC:CWKNF), a Canadian provider of Internet equipment and services specializing in the hospitality market, has recently retained the services of Pathpoint Capital of Toronto, Ontario to assist in the placement of a $5.0 million dollar US debenture (or its equivalent $6.5 million in Canadian Funds) to be secured by an asset lending agreement. Pathpoint Capital will be paid a performance-based commission for its services and the agreement and commissions are subject to regulatory approvals.
Universal Stainless & Alloy Products, Inc.
Universal Stainless President and CEO Adopts 10b5-1 Trading Plan
BRIDGEVILLE, Pa., Aug. 16, 2004 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that Clarence M. McAninch, President and Chief Executive Officer, has established a pre-arranged trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 to sell shares of the Company's common stock subject to certain minimum sales price restrictions. Under the plan, Mr. McAninch could sell up to 54,426 shares of the Company's common stock through January 31, 2005, representing 18% of the combined shares and options he currently owns. Sales of stock pursuant to the plan are contemplated to amount to 2,500 shares per calendar week and any unsold shares may be carried over to the next weekly period. In no event will more than 5,000 shares be sold pursuant to the plan in any calendar week.
MLON International Ventures, Inc.
Mellon Research, Inc. Announces Significant Restructuring of the Company
SCOTTSDALE, Ariz., Aug. 16, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms announced today that it is merging the Company with another investment banking firm, Wall Street Securities, LLC that provides the same financial services as Mellon Research, Inc. The Company's intent is to increase shareholder value with this merger by offering one share in Wall Street Securities for any shares held in Mellon Research, Inc. as a dividend. Mellon Research will be strategically repositioned as Club XTreme(TM) which will blend a real world club that will be opening later this fall in Scottsdale, AZ, that will combine offline and online entertainment.
Specialty Equipment Market Association
SEMA Show 2004 Adjusts to Growing Size
DIAMOND BAR, Calif., Aug. 16, 2004 (PRIMEZONE) -- SEMA, the Specialty Equipment Market Association, is dedicated to making the SEMA Show 2004 experience as effortless and worthwhile as possible for both exhibitors and buyers. Already regarded by many as the vital indicator of automotive aftermarket trends, the new tools and organizational changes now in place make it easier than ever to register, work the show, schedule appointments and prioritize exhibits so that attendees can get the most out of their SEMA Show days.
Bull & Lifshitz, LLP
Bull & Lifshitz, LLP Announces Class Action Against Vistacare, Inc. -- VSTA
NEW YORK, Aug. 16, 2004 (PRIMEZONE) -- Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for the District of Arizona on behalf of purchasers of the securities of Vistacare, Inc. ("Vistacare" or the "Company") (Nasdaq:VSTA), between November 6, 2003 and August 5, 2004, inclusive (the "Class Period").
Superclick Revises Annual Guidance Upward
LAGUNA HILLS, Calif., Aug. 16, 2004 (PRIMEZONE) -- Superclick, Inc. (OTCBB:SPCK) today provided a revised outlook of our previous revenue forecast for the current fiscal year. "In June we reported expectations of revenue for fiscal 2004 to come in the range of $1.75 million to $2.0 million, which would represent substantial growth over the $630 thousand that our operating subsidiary Superclick Networks had achieved last year. However, due to increasing market adoption amongst leading hotel brands of our SIMS(tm) platform and their validation of our product as truly "best in class," we are exceeding our previous expectations and are now revising guidance for the current year upward to a range of $2.25 to 2.5 million," commented the company's Chairman, Todd M. Pitcher.