latest news releases from the newsroom
Pacificap Entertainment Holdings, Inc.
Pacificap Entertainment Holdings, Inc. Receives $700,000 Financing and Refocuses Business Activities
DEL MAR, Calif., July 2, 2004 (PRIMEZONE) -- Pacificap Entertainment Holdings, Inc. (OTCBB:PFEH) is pleased to announce that it recently entered into an agreement with four accredited investors, pursuant to which the investors will provide Pacificap up to $2 million principal amount in connection with the sale of 10% Senior Secured Convertible Redeemable Notes. The investors also will receive one Warrant for every dollar invested. Pacificap received gross proceeds of $700,000 under this facility and will receive a further $600,000 of additional gross proceeds upon the filing of a registration statement covering the common stock underlying the Notes and Warrants and an additional $700,000 upon effectiveness of such registration statement.
Much Shelist Freed Denenberg Ament & Rubenstein
Krispy Kreme Doughnuts, Inc. is Sued by Chicago Law Firm Much Shelist for Securities Fraud -- KKD
CHICAGO, July 2, 2004 (PRIMEZONE) -- Much Shelist Freed Denenberg Ament & Rubenstein, P.C. announces that it has sued Krispy Kreme Doughnuts, Inc., and certain of its officers and directors, in the United States District Court for the Middle District of North Carolina. The shareholder lawsuit is on behalf of all persons and entities who purchased the securities of Krispy Kreme Doughnuts, Inc. ("Krispy Kreme" or the "Company") between August 21, 2003 and May 7, 2004, inclusive ("Class Period").
Abbey Spanier Rodd & Abrams, LLP
Abbey Gardy, LLP Commences Class Action Securities Fraud Suit Against Hanger Orthopedic Group, Inc. -- HGR
NEW YORK, July 2, 2004 (PRIMEZONE) -- Abbey Gardy, LLP commenced a Class Action lawsuit in the United States District Court for the Eastern District of New York on behalf of all purchasers of securities of Hanger Orthopedic Group, Inc. ("Hanger" or the "Company") (NYSE:HGR) between July 29, 2003 and June 14, 2004, inclusive (the "Class Period").
GulfMark Offshore, Inc.
GulfMark Announces Cash Tender Offer for its 8 3/4% Senior Notes Due 2008
HOUSTON, July 2, 2004 (PRIMEZONE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) announced today that it has initiated a cash tender offer for any and all of its $130 million aggregate principal amount of 8.75% Senior Notes due 2008 (the "Notes"), and a solicitation of consents to amend the indenture governing those notes (the "Offer and Consent Solicitation"). The Offer and Consent Solicitation are being made upon the terms and subject to the conditions set forth in an Offer to Purchase and Consent Solicitation Statement dated July 2, 2004.