latest news releases from the newsroom
Force Protection Delivers Special Buffalo
CHARLESTON, S.C., April 21, 2004 (PRIMEZONE) -- Force Protection, Inc. (OTCBB:FRCP) announced that its TSG subsidiary has delivered a unique version of its Buffalo vehicle to a US customer. The Buffalo platform was utilized to create a very specialized vehicle for an undisclosed mission. The Buffalo is the only vehicle of suitable size that provides the extreme level of protection desired by the customer.
Berger & Montague PC
Berger & Montague Files Class Action Against Nortel for Investors Who Bought Nortel Securities During Expanded Class Period Of December 23, 2003 Through March 15, 2004 -- NT
PHILADELPHIA, April 21, 2004 (PRIMEZONE) -- The law firm of Berger & Montague, P.C. has filed a securities fraud class action complaint in the Southern District of New York (Civ. Action No. 04-CV-3056) against Nortel Networks Corporation ("Nortel"), on behalf of purchasers of publicly traded securities of Nortel (NYSE:NT) (TSE:NT) between December 23, 2003 and March 15, 2004 inclusive (the "Class Period"). On April 5, 2004, Nortel announced that it was the target of a "formal" investigation by the United States Securities and Exchange Commission (the "SEC"). The announcement further confirms the seriousness of Nortel's accounting problems which had led the Company to announce last month that it intends to restate its results for 2003 and one or more earlier periods as a result of an ongoing examination of "certain accruals and provisions" in connection with Nortel's first restatement last fall of its financials for the first half of 2003 and prior years, and to suspend its Chief Financial Officer and its Controller. A "formal" investigation is serious because it gives the SEC the power to issue subpoenas for documents and information. In connection with the April 5, 2004 announcement, a Nortel spokeswoman was quoted as saying that the Company had previously been the subject of an SEC "informal" inquiry since October 2003. The news that the SEC had ordered a formal investigation immediately caused the price of Nortel shares to fall further, by 3.7%, or 23 cents, at $6.06, on heavy volume, making Nortel the most heavily traded stock on the NYSE for the day.
Oakley Posts Record First Quarter Revenues and Net Income Growth of 31.6 Percent
Conference Call - 4:30 p.m. EDT, Wednesday, April 21, 2004 - A simultaneous web cast for interested investors can be heard at Oakley's corporate web site: http://investor.oakley.com and will remain available through April 21, 2005. A telephonic replay of the call will be available from 6:00 p.m. EDT, Wednesday, April 21, through midnight April 28, 2004, and can be accessed from the United States and Canada at 800/642-1687, and from international locations at 706/645-9291; pass code: 6745596.
LTDnetwork, Inc. Developing New Online Gaming Technology for Leading Casino Group
NEW YORK, April 21, 2004 (PRIMEZONE) -- Leading online casino operator, CYTECH LIMITED operator of the King Solomon Casino and the bingoballroom.com bingo network, together with New York headquartered software company, LTDnetwork, Inc., announced today that they are co-developing a cutting-edge software product designed to significantly enhance the user experience of King Solomon casino customers, while providing distinct business advantages to the casino business.
Ruby Mining Company
Ruby Mining Names New CEO and Chairman
ATLANTA, April 21, 2004 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM) ("Ruby"), which conducts its operations through its wholly-owned subsidiary, Admiralty Corporation ("Admiralty"), announced that it has named G. Howard Collingwood as Chairman of the Board and Chief Executive Officer. He replaces Herbert C. Leeming in those positions. Mr. Collingwood joined Admiralty in November of 2003 as President and Chief Operations Officer. He has been affiliated with Admiralty as an investor and a Director for the past several years. Before joining Admiralty he was Vice President of Corporate Operations for CTB International, a company owned by Warren Buffett.