latest news releases from the newsroom
Kirby McInerney LLP
Chapman Capital L.L.C. Files Lawsuit Against Nelson A. Carbonell, Jr., and Cysive Inc. Board of Directors, Challenging Proposed Acquisition of Cysive, Inc. by Snowbird Holdings, Inc. -- CYSV
NEW YORK, June 2, 2003 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP announces that on June 2, 2003, Chapman Capital L.L.C. ("Chapman Capital"), a California-based investment advisor to Chap-Cap Partners, L.P. ("Chap-Cap"), filed a class action suit in the Chancery Court for the State of Delaware in New Castle County charging Nelson A. Carbonell, Jr. and other directors of Cysive, Inc. ("Cysive") (Nasdaq:CYSV) with breach of fiduciary duties to Cysive shareholders in connection with their approval of a buyout offer from an entity controlled by Cysive CEO, President and Chairman of the Board, Nelson Carbonell Jr. The other Cysive directors being sued as follows: Daniel F. Gillis (former CEO of SAGA Systems, Inc.), John R. Lund (CFO of Cysive), Kenneth H. Holec (interim CEO of PeopleClick, Inc. and former CEO of ShowCase, Inc.) and John S. Korin (Executive Director, Strategic Development for Northrop Grumman Information Technology division of Northrop Grumman Corporation).
GoldSpring, Inc. Receives Contract for a State-of-the-Art, Turnkey Gravity Gold Production Plant, Capable of Processing up to 200 tons/hr, for Initial Gold Production on the Company's Placer Gold Claims in Nevada
SCOTTSDALE, Ariz., June 2, 2003 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) announces today that the Company has signed a Manufacturing Contract for a turnkey Gravity Gold Recovery Plant, with capacity of up to 200 tons per hour, with RMS-Ross Corporation, of Chilliwack, British Columbia, Canada. The Company has negotiated terms on the total cost of the turnkey package of $515,455.00, which will enable construction to begin and delivery within 12-14 weeks. The plant includes a Gold Room for $101,000.00 which will provide the required security for the recovery operation as well as assuring higher recovery through a state-of-the-art finishing circuit.
Stolt-Nielsen S.A. Anticipates Reporting a Loss in 2003
LONDON, June 2, 2003 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announced that in light of today's announcement of a significant loss by its publicly traded subsidiary, Stolt Offshore S.A. (Nasdaq:SOSA) (Oslo Stock Exchange:STO), SNSA now anticipates to report a loss in 2003.