latest news releases from the newsroom
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against AMERIGROUP Corporation
HARTFORD, Conn., Oct. 4, 2005 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons who purchased the common stock of AMERIGROUP (NYSE:AGP) ("the Company") between April 27, 2005 and September 28, 2005 (the "Class Period").
New Wave Group
New Wave Group Owner of All Shares in Orrefors Kosta Boda
STOCKHOLM, Sweden, Oct. 04, 2005 (PRIMEZONE) -- Today, New Wave Group has entered into an agreement with Royal Scandinavia A/S, implying that the Share Transfer Agreement, which the parties entered into on May 31, 2005, regarding the acquisition of 51% of the shares in Orrefors Kosta Boda Holding AB with subsidiaries, is changed and amended in the way that the acquisition include all shares in Orrefors Kosta Boda Holding AB. The purchase sum for all shares in Orrefors Kosta Boda Holding AB amounts to approximately 24.5 MSEK and the shares have been considered to have been taken into possession on June 1, 2005.
Dobson Communications Corporation
Dobson Communications Further Reduces Outstanding Preferred Stock
OKLAHOMA CITY, Oct. 4, 2005 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL), today announced that it has entered into agreements with certain holders of its 12.25% Senior Exchangeable Preferred Stock and its 13% Senior Exchangeable Preferred Stock under which the holders have agreed to exchange 8,700 shares of 12.25% Preferred Stock and 30,021 shares of 13% Preferred Stock for 5,982,040 shares of the Company's Class A Common Stock and cash consideration of $1.6 million. As a result, the aggregate outstanding liquidation preference of the 12.25% Preferred Stock and the 13% Preferred Stock will decrease from $71.7 million to $33.0 million.
Sciax Corp. Engages MPH Public Relations
BAY CITY, Mich. and TORONTO, Oct. 4, 2005 (PRIMEZONE) -- Sciax Corp. (Pink Sheets:SCXC) announced today that it has engaged Mohajer, Philpy & Hiles (MPH), a Los Angeles-based public relations firm, to generate media awareness for the company and elevate their overall brand recognition.
OTC Stock Review Issues Report on Coffee Pacifica, Inc.
ATLANTA, Oct. 4, 2005 (PRIMEZONE) -- OTC Stock Review announces that it has initiated coverage of Coffee Pacifica, Inc. (OTCBB:CFPC). Coffee Pacifica sells Papua New Guinea grown, green bean coffee. Papua New Guinea coffee is known the world over as one of the top coffees available. Coffee Pacifica's partner and major shareholder, the Papua New Guinea Coffee Growers Federation Ltd., pools their coffee and it is marketed by Coffee Pacifica. Since the small farmer is the producer, Coffee Pacifica is the supply chain from Papua New Guinea by making farmers shareholders.
Fox & Hound Restaurant Group
Fox & Hound Restaurant Group Signs Letter of Intent For Proposed Acquisition
WICHITA, Kan., Oct. 4, 2005 (PRIMEZONE) -- Fox & Hound Restaurant Group (Nasdaq:FOXX) announced that it signed a letter of intent with Levine Leichtman Capital Partners ("LLCP") for the acquisition of all of the Company's outstanding common stock for an all cash price of $14.00 per share, other than shares held by certain stockholders and members of management. The buyer would be a newly formed affiliate of LLCP in which certain executive officers and other members of senior management, including Steven M. Johnson, our Chief Executive Officer, James K. Zielke, our Chief Financial Officer, Gary M. Judd, our President, and Kenneth C. Syvarth, our Chief Operating Officer, would participate as equity holders. As part of the transaction, the participating stockholders and members of management would be required to vote their shares of Company stock in favor of the transaction with LLCP and to exchange their shares of Company stock and options for stock and options of the continuing company after the transaction.