latest news releases from the newsroom
OTI On Track Innovations Inc.
OTI Files for Nasdaq Listing
ROSH PINA, Israel, Sept. 12, 2002 (PRIMEZONE) -- OTI (Berlin:OTIV), the global provider of contactless smart card technology and product solutions, announced today that it is continuing its registration process by filing today a required amendment to its F1 with the U.S. Securities and Exchange Commission in connection with the proposed listing on NASDAQ of OTI's ordinary shares. OTI's ordinary shares currently trade on the Neuer Markt under the symbol 'OT5.' OTI expects to complete the NASDAQ listing during October 2002 in order to accomplish the Company's stated objectives.
Actelion to Initiate Registration Study with Veletri in Acute Heart Failure; Successful Dose-Optimization Study
ALLSCHWIL and BASEL, Switzerland, Sept. 12, 2002 (PRIMEZONE) -- Actelion Ltd. today announced initial positive results from a dose-optimization study evaluating Veletri(TM) (tezosentan), an intravenous dual endothelin receptor antagonist, in patients suffering from acute heart failure (AHF). Important hemodynamic effects were achieved at doses of 5 mg/h and 25 mg/h. The primary endpoint of the study, improvement of cardiac index, was statistically significant for both doses. Effects of similar magnitude were also achieved in terms of reduction of pulmonary capillary wedge pressure (PCWP), another important hemodynamic parameter. At these doses, the drug was also well tolerated.
Earl Resources Limited
Earl Resources Enters Into Asset Purchase Agreements
VANCOUVER, BC, Sept. 11, 2002 (PRIMEZONE) -- Earl Resources Limited (TSX Venture Exchange:ERL) ("the Company") announces that it has entered into two arm's length asset purchase agreements dated 9th September, 2002 to acquire 100% of Cambodia's Magnum lottery license ("Magnum Agreement") from its Singaporean licensee, Mr Khoo Hang Peng ("Magnum Seller") and 100% of Cambodia's MGM lottery license ("MGM Agreement") from its Singaporean licensee, Mr Khoo Kim Leng ("MGM Seller") through a reverse takeover transaction. Currently, the Magnum Cambodia Lottery Company is the management company operating the Magnum lottery business for the Magnum Seller, and MGM Sports Company Limited is the management company operating the MGM lottery business for the MGM Seller.
Ahold's U.S. Foodservice to Acquire Lady Baltimore Assets
ZAANDAM, Netherlands, September 11, 2002 (PRIMEZONE) -- Ahold's (NYSE:AHO) wholly owned foodservice subsidiary in the United States, U.S. Foodservice, announced it has reached agreement to acquire certain assets and assume certain liabilities of Lady Baltimore Foods, Inc. ("Lady Baltimore"), a prominent regional broadline foodservice distributor based in Kansas City, Kansas.
Cauley Bowman Carney & Williams, PLLC
Cauley Geller Announces Fleming Companies, Inc. Investors Have Until October 28th to File Lead Plaintiff Motion -- FLM
LITTLE ROCK, Ark., Sept. 11, 2002 (PRIMEZONE) -- The deadline for purchasers of Fleming Companies, Inc. ("Fleming" or the "Company") (NYSE:FLM) publicly traded securities to move for lead plaintiff in a securities fraud class action recently brought against the Company is rapidly approaching. If you purchased Fleming securities between February 27, 2002 and July 30, 2002, inclusive (the "Class Period"), and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the Eastern District of Texas by October 28, 2002. A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.cauleygeller.com/pr/fleming.pdf.
Aventura Holdings, Inc.
Sun Network Group, Inc. Subsidiary RTV and Sports Byline USA Form New Network, Radio X
CORAL SPRINGS, Fla., Sept. 11, 2002 (PRIMEZONE)-- The Sun Network Group, Inc. (OTCBB:SNNW) announced today that its wholly owned subsidiary, RadioTV Network, Inc. ("RTV"), has entered into a definitive agreement with San Francisco-based Sports Byline USA, the #1 national sports talk radio network, to create Radio X, a new, nationally syndicated radio network.
Robbins Umeda LLP
Robbins Umeda & Fink, LLP Announces the Filing of a Lawsuit on Behalf of Former Shareholders of Time Warner, Inc. Against the Officers and Directors of AOL Time Warner, Inc. -- AOL
SAN DIEGO, Sept. 11, 2002 (PRIMEZONE) -- The law firm of Robbins Umeda & Fink, LLP announces that a lawsuit was filed on behalf of the former shareholders of Time Warner, Inc. ("Time Warner") who received shares of AOL Time Warner, Inc. (NYSE:AOL), pursuant to the merger of Time Warner with and into AOL Time Warner, on or about January 11, 2001, (the "Merger"). Defendants named in this action are the former officers and directors of America Online, Inc. ("AOL" and together with Time Warner, the "Company"), many of whom are now officers and directors of AOL Time.
Alan Stone and Company
WallStreet Research Updates Coverage on Command Security Corporation
LOS ANGELES, Sept. 11, 2002 (PRIMEZONE) -- WallStreet Research (www.WallStreetResearch.org), a prominent equity research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC, announced today that it has updated coverage of Command Security Corporation (OTCBB:CMMD), a diversified security services company. The complete analyst research report on Command Security Corporation, together with the risks associated therewith and additional information about WallStreet Research, is available at www.WallStreetResearch.org.