latest news releases from the newsroom
Horizon Offshore Inc.
Horizon Wins Additional Contract in Northeast
HOUSTON, June 16, 2003 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) announced today that its subsidiary, Horizon Offshore Contractors, Inc., has secured an additional contract in the northeast United States. The project is being performed for Algonquin Gas Transmission Company, a subsidiary of Duke Energy Corporation, on their HubLine Project consisting of 29 miles of 30-inch diameter pipe in Massachusetts Bay.
Zimmerman Reed: Allegations of Sales Deception and Under Funding of Contracts Directed at Lutheran Brotherhood/Thrivent Financial
MINNEAPOLIS, June 16, 2003 (PRIMEZONE) -- Policyholders of Thrivent Financial for Lutherans (formerly known as Lutheran Brotherhood) filed a lawsuit seeking class action status on behalf of all Lutheran Brotherhood policyholders who reside in the United States and who purchased policies prior to February 24, 1993, and who were identified by Lutheran Brotherhood in 1993, 1994 or 1995 as having a "potentially under-funded contract." The policyholders initiating the action are Minnesota residents who purchased Lutheran Brotherhood life insurance policies through sales illustrations or sales pitches that projected the interest rate years into the future to create the illusion that the policy would be worth more than it really was. The Complaint alleges that Lutheran Brotherhood later identified these policies as being under-funded, or unable to meet the expectations created when the policy was sold, but did nothing to provide this critical information to policyholders while continuing to bill them for and expect payment of premiums as though there was nothing wrong with their life insurance policies.
Popeyes Chicken & Biscuits
Popeyes(r) Chicken & Biscuits International Expansion Builds Momentum
ATLANTA, June 16, 2003 (PRIMEZONE) -- Popeyes(r) Chicken & Biscuits, a division of AFC Enterprises, Inc. (Nasdaq:AFCEE), is extending its international reach with signed agreements at the end of 2002 and so far in 2003 to add more than 214 new restaurants in Mexico, China and Jamaica. The opening of new restaurants in these markets is already underway and is expected to continue over the next 10 years.