latest news releases from the newsroom
Money Maker's Monthly
TeleWrx Explosive Launch May Set New Records
LOS ANGELES, June 25, 2002 (PRIMEZONE) -- On Saturday June 22, 2002, TeleWrx, Inc. (OTCBB:CVRG) held its National Launch at the Dorothy Chandler Pavilion in downtown Los Angeles. Money Maker's Monthly has covered hundreds of these launches in the last 17 years. It appears that TeleWrx is poised to set new records in company growth.
American Energy Production Inc.
American Energy Partners Inc. Announces First Oil and Gas Lease Acquisition
SAN ANTONIO, Texas, June 25, 2002 (PRIMEZONE) -- American Energy Partners Inc. (OTCBB:AMEP) announces the Company has placed in escrow with the Corporation Lawyer the acquisition agreement with Proco Operating Co. Inc., a Texas oil and gas operator. This escrow agreement is the final stage of negotiation for American Energy Partners Inc. to acquire all of Proco Operating Co. Inc.'s oil and gas leases and related oilfield equipment. These oil and gas leases cover 3,000 plus acres and have a long history of production from several producing horizons. The Marble Falls formation on this lease has proven recoverable oil reserves of 2,4000,000 barrels of oil and 3 billion cubic feet of natural gas. Proco Operating Co. Inc. will become a wholly owned subsidiary of American Energy Partners Inc.
Wolf Popper LLP
Wolf Popper LLP Charges Mirant With Violations of the Federal Securities Laws -- MIR
NEW YORK, June 25, 2002 (PRIMEZONE) -- Mirant Corporation ("Mirant" or the "Company") (NYSE:MIR) and certain of its senior officers and directors have been charged with violations of the federal securities laws in a class action complaint filed by Wolf Popper LLP (the "Complaint"). The lawsuit was brought on behalf of all persons who purchased or otherwise acquired Mirant common stock from January 19, 2001 through May 6, 2002, inclusive (the "Class Period"). The Complaint, filed in the United States District Court for the Northern District of Georgia (Atlanta Division) under Index Number 1:02 CV 1751, charges Mirant and four of the Company's officers and directors with violation of Sections 10(b) of the Securities Exchange Act of 1934.