latest news releases from the newsroom
Income Opportunity Realty Investors, Inc
Income Opportunity Reports Fourth Quarter and 2001 Net Losses
DALLAS, March 20, 2002 (PRIMEZONE) -- Income Opportunity Realty Investors, Inc. (AMEX:IOT) Wednesday announced fourth quarter and 12 month 2001 net losses of $254,000 and $3.46 million, or $.18 per share and $2.32 per share, on revenues of $3.31 million and $13.19 million, respectively, as compared to a 2000 fourth quarter net loss of $1.13 million and a 12 month net income of $16.79 million, or a loss of $.67 per share and income of $11.03 per share, on revenues of $3.12 million and $34.87 million, respectively. Income in 2000 included $20.88 million in gains on the sale of real estate; no gain was reported in 2001.
Adkins, Kelston, & Zavez, P.C.
Adkins, Kelston & Zavez, P.C. Announces That it is Investigating Securities Irregularities Involving Metawave Communications Corp. -- MTWV
BOSTON, March 20, 2002 (PRIMEZONE) -- The law firm of Adkins, Kelston & Zavez, P.C. today announced that shareholders of Metawave Communications Corp. (Nasdaq:MTWV), a Washington state maker of wireless antenna systems, may have claims against the company for violation of federal securities laws. According to a March 14, 2002 press release, the Company has announced that it is restating its financial results after discovering unauthorized commitments to customers in Asia.
Pomerantz Haudek Block Grossman & Gross LLP: Pending Lawsuit Charges Biopure with Securities Fraud -- BPUR
NEW YORK, March 20, 2002 (PRIMEZONE) -- A class action lawsuit is pending against Biopure Corporation ("Biopure" or the "Company") (Nasdaq:BPUR) filed by Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com). The lawsuit was filed in the United States District Court for the District of Massachusetts under Civil Action Number 02-10194 on behalf of shareholders who purchased the common stock of Biopure during the period between May 8, 2001 and December 6, 2001, inclusive (the "Class Period").
CardioDynamics International Corporation
CardioDynamics Announces First Quarter 2002 Conference Call and Webcast
SAN DIEGO, March 20, 2002 (PRIMEZONE) -- CardioDynamics (Nasdaq:CDIC), the innovator and market leader of Impedance Cardiography (ICG) technology and manufacturer of BioZ(r) noninvasive digital cardiac function monitoring systems, has scheduled a conference call and Internet Webcast for Thursday, March 21, 2002 at 9 a.m. EST to discuss the Company's financial results for the first quarter 2002 with security analysts and institutional investors. The call will be hosted by CardioDynamics' Chief Executive Officer Michael K. Perry and Chief Financial Officer Steve P. Loomis. A press release announcing first quarter 2002 results will be released pre-market on March 21, 2002.
Court Decision in Germany in Favor of Eniro
STOCKHOLM, Sweden, March 20, 2002 (PRIMEZONE) -- The Court (Landgericht) in Frankfurt/Main, today issued a judgement in favor of Eniro Windhager Medien in Germany stating that Eniro is entitled to compensation as a consequence of the termination of the partnership between Eniro and DeTe Medien.
IBC Takes a Look at Vectoria
IRVINE, Calif. March 20, 2002(PRIMEZONE) -- Interactive Business Channel (www.ibc.tv), "broadband business and finance everywhere," takes a behind the scenes look at Vectoria, Inc. (OTCBB:VTOR), a next generation VoIP Network eliminating long distance charges.