latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman's Neil Siegel Elected to National Academy of Engineering
RESTON, Va., Feb. 16, 2005 (PRIMEZONE) -- Neil G. Siegel, a Northrop Grumman Corporation (NYSE:NOC) vice president and chief engineer, has been elected a member of the National Academy of Engineering, one of the highest professional honors accorded to engineers. The honor recognizes Siegel's "development and implementation of the digital battlefield, an integral part of U.S. Army operations."
Labaton Sucharow LLP
Goodkind Labaton Rudoff & Sucharow LLP Continues its Investigation of Career Education -- CECO
NEW YORK, Feb. 16, 2005 (PRIMEZONE) -- Goodkind Labaton Rudoff & Sucharow LLP, the Court designated lead counsel in a class action against Career Education Corp. ("Career Education" or the "Company") (Nasdaq:CECO) on behalf of purchasers of Career Education securities between January 8, 2003 and December 2, 2003, inclusive, (the "Class Period") announces that it is continuing its investigation of the Company. The lawsuit was filed against Career Education, John M. Larson and Patrick K. Pesch ("Defendants"). On February 11, 2005, the Hon. Judge Joan H. Lefkow granted Defendants' motion to dismiss the Amended Consolidated Complaint for failure to satisfy the pleading requirements. However, Plaintiffs have been given leave to file a second amended complaint, adding more specific and relevant information by March 11, 2005.
Five Sparrows LLC
New Online Michigan Business Directory Offers More for Less
HARTLAND, Mich., Feb. 16, 2005 (PRIMEZONE) -- Five Sparrows, LLC, today announced the launch of a new online web directory dedicated exclusively to promoting and supporting Michigan businesses. The Michigan Biz Directory is a new concept in web marketing that combines a technically sophisticated, professionally marketed web directory with online marketing initiatives such as online coupons. In addition, the directory helps support Michigan businesses by donating 10% of all listing fees back to local Chambers of Commerce.
Coverage of Acies Corporation Initiated by Barrow Street Research
NEW YORK, Feb. 16, 2005 (PRIMEZONE) -- Barrow Street Research, a pioneering online research firm, today reported that it has initiated coverage of Acies Corporation (OTCBB:ACIE), an emerging leader of electronic payment and transaction processing solutions, and electronic banking services, to small and medium size businesses. A full copy of the report is available at http://www.barrowstreet.com .
Chelsea Therapeutics Completes Reverse Merger With Ivory Capital
CHARLOTTE, N.C., Feb. 16, 2005 (PRIMEZONE) -- Chelsea Therapeutics, Inc., a biopharmaceutical development company that acquires and develops innovative products for the treatment of a variety of human diseases, announced today that it has completed its reverse merger with Ivory Capital Corporation (OTCBB:IVRC). Chelsea recently raised approximately $14.5 million in a private placement for which Paramount BioCapital, Inc. acted as placement agent. As a result, the merger with Ivory establishes a well-capitalized, publicly traded, biopharmaceutical company.
Telatinos Inc. Forms Wholly Owned Operating US Subsidiary
MIAMI, Feb. 16, 2005 (PRIMEZONE) -- Telatinos Inc. (Pink Sheets:TLNO), a Latin American VoIP and communication service provider, today announced the Company has formed VoIPlabs Inc. (a wholly owned subsidiary). The Company is finalizing the acquisitions of three independent, US-based VoIP, data & communication corporations that will be housed in VoIPlabs Inc. The Company will announce officers and directors of VoIPlabs shortly.
Platforms Wireless International Corporation
Platforms Wireless Responds to Ex-Director Comments
LOS ANGELES, Feb. 16, 2005 (PRIMEZONE) -- Platforms Wireless International Corporation (Pink Sheets:PLFM) (www.plfm.net), the developer of the innovative Airborne Relay Communications "ARC" System for wireless voice and data communications, today responded to a press release issued recently by a former member of its Board of Directors, Alvin Bojar. In a personally issued press release, not authorized by the Company, Mr. Bojar reported last week that he had resigned from the Platform's Board and he gave a litany of purported reasons for his resignation.
Prestigious Award for Scania's Engine Development
SODERTALJE, Sweden, Feb. 16, 2005 (PRIMEZONE) -- "Our customers are the real winners. Thanks to Scania's awarded research, they get engines that fulfil forthcoming environmental requirements without any additives or exhaust aftertreatment and with exellent fuel economy," says Lars Tegnelius.