latest news releases from the newsroom
Timeline Completes Asset Sale to Global Software Following Shareholders' Approval
BELLEVUE, Wash., Sept. 1, 2005 (PRIMEZONE) -- Timeline, Inc. (OTCBB:TMLN) today announced it has completed the sale of its software licensing operations and operating assets to Global Software, effective August 31, 2005, including a majority of Timeline's employees. As part of the transaction, Global also acquired a source code and object code license to Timeline's Analyst product suite and now has responsibility to maintain these products under agreements with Timeline's licensees worldwide. Finally, Global has a patent license agreement with Timeline that provides appropriate coverage for Global and patent recognition for Timeline. The transaction was approved by more than 78% of Timeline's shareholders at its annual meeting held on August 30.
Northrop Grumman Corp.
Northrop Grumman Provides Update on Its Gulf Coast Operations
LOS ANGELES, Sept. 1, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) continues to assess the impact of Hurricane Katrina to its facilities on the Gulf Coast, and has begun clean-up and restoration efforts. The company's Ship Systems sector represents the majority of company facilities and employees in the region, and the company has actively engaged in efforts to provide power, fuel, food, water and critical operating equipment to those facilities. Each Ship Systems facility will remain closed for operations until final damage assessments are complete and basic services restored for that facility.
Murray, Frank & Sailer LLP
Investor Notice: Murray, Frank & Sailer LLP Clarifies Investor Uncertainty Over Class Action Lawsuit Against Arbinet-thexchange, Inc.-- ARBX
NEW YORK, Sept. 1, 2005 (PRIMEZONE) -- This notice is being issued to clarify investor uncertainty as to who filed a class action lawsuit against Arbinet-thexchange, Inc. (Nasdaq:ARBX) on behalf of purchasers of the company's common stock issued in its initial public filing on December 16, 2004. Despite other firms having issued press releases, Murray, Frank & Sailer LLP has filed the only complaint against Arbinet-thexchange, Inc., which is currently pending in the Superior Court of New Jersey.
Q Television Network
Q Television Network Serves Up Some Star Power for 'Brunch'
PALM SPRINGS, Calif., Sept. 1, 2005 (PRIMEZONE) -- Serving up a delicious dose of daily conversation with a healthy side of sass, Q Television Network (Pink Sheets:QBID) has announced the hosts of "Brunch," its live, interactive and very chic morning talk show debuting September 6. The network has revealed that "Queer Eye for the Straight Girl's" star, Honey Labrador, and QTN fan-favorite, Scott Withers, will dish the dirt on celebrities, news, sports, fashion and weather on this GLBT version of "The View" meets "Regis and Kelly."
Port of Houston Authority
Correction -- Port of Houston Authority Delivers Media Statement
HOUSTON, Sept. 1, 2005 (PRIMEZONE) -- Vessel traffic is NOT being diverted to Houston from the Alabama State Port Authority's facilities in Mobile. According to officials at the Alabama State Port Authority, the Mobile facilities sustained minimal damage from Hurricane Katrina. Rising water deposited silt and debris in the general cargo areas causing some cargo damage. General cargoes are being delivered to customers, but new cargoes will not be received until after the conclusion of clean up operations. The clean up is expected to take a few days.
AutoZone to Present at Upcoming Investor Conference
MEMPHIS, Tenn., Sept. 1, 2005 (PRIMEZONE) -- AutoZone, Inc. (NYSE:AZO) today announced it will be making a presentation to the investment community at the Goldman Sachs 12th Annual Global Retailing Conference in New York at 2:00 pm (EDT) on Thursday, September 8, 2005. A live broadcast of the presentation will be available online in the Investor Relations section of www.autozoneinc.com. A replay will be available at www.autozoneinc.com for seven days.