latest news releases from the newsroom
Emerson Poynter LLP
CORRECTING AND REPLACING: Emerson Poynter LLP Announces Class Action Lawsuit on Behalf of Investors Against Sportsline.com Inc. -- SPLN
HOUSTON, Oct. 23, 2003 (PRIMEZONE) -- Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action lawsuit has been filed on behalf of purchasers of the common stock of Sportsline.com Inc. (Nasdaq: SPLN);"Sportsline" or the "Company") during the period between May 15, 2001and September 25, 2003 inclusive (the "Class Period"). A copy of the complaint can be obtained from the Court or by making a toll-free call to the Firm at 1-800-663-9817. The action is pending in the United States District Court for the Southern District of Florida against defendants Kenneth W. Sanders, Michael Levy, and Sportsline.com Inc.
Hauser Agrees to Sell Botanicals Extracts Division
EL SEGUNDO, Calif./LONGMONT, Colo., Oct. 23, 2003 (PRIMEZONE) -- Hauser, Inc. (OTCBB:HAUS) today said that it has agreed to sell the assets of its wholly owned subsidiary, Long Beach, California-based Botanicals International Extracts, Inc., to Zuellig Botanicals, Inc., a subsidiary of Zuellig Group N.A., Inc. The Zuellig companies are 34% shareholders of Hauser and could own approximately 43% of the company if they exercise their outstanding warrants.
The Mercanti Group
Mercanti Group Serves As Banker On Proposed K2/Brass Eagle Merger
LOS ANGELES and MINNEAPOLIS, Oct. 23, 2003 (PRIMEZONE) -- The Mercanti Group today announced that it acted as financial advisor to K2 Inc. (NYSE:KTO) in the definitive merger agreement between K2 and Brass Eagle, Inc. (Nasdaq:XTRM). Under the agreement, Brass Eagle will become a wholly-owned subsidiary of K2. Mercanti now has served as K2's investment banker in three merger and acquisition transactions and one capital raising assignment over the last 12 months.