latest news releases from the newsroom
Murray, Frank & Sailer LLP
Rabin & Peckel Llp Commences Class Action Against Corrpro Companies Inc. And Certain Officers and Directors Alleging Violations of Federal Securities Law -- CO
NEW YORK, Aug. 22, 2002 (PRIMEZONE) -- A class action Complaint has been filed in the United States District Court for the Northern District of Ohio, Eastern Division, on behalf of all persons or entities who purchased or otherwise acquired securities of Corrpro Companies Inc. ("Corrpro" or the "Company") (AMEX:CO) between April 1, 2000 through March 20, 2002, both dates inclusive (the "Class Period"). Corrpro Companies, Inc., Joseph W. Rog, Michael K. Baach, David H. Kroon, Neal R. Restivo, John L. Brack, Jr., Kurt R. Packer, and Marilyn Eisele are named as defendants in the complaint.
Occidental Petroleum Corp.
Occidental Completes Equistar Sale to Lyondell
LOS ANGELES, Aug. 22, 2002 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) today announced the completion of the sale of the entities holding its 29.5 percent equity interest in Equistar to Lyondell Chemical Company (NYSE:LYO) in exchange for 34 million shares of Lyondell common stock which represents approximately 21 percent of Lyondell's outstanding shares. As part of the transaction, Dr. Ray R. Irani, Occidental's Chairman and Chief Executive Officer, and Steven I. Chazen, Occidental's Chief Financial Officer and Executive Vice President - Corporate Development, joined Lyondell's Board of Directors.
Harwood Feffer LLP
Class Action Suit Against Pemstar, Inc. Commenced by Wechsler Harwood Halebian & Feffer LLP -- PMTR
NEW YORK, Aug. 22, 2002 (PRIMEZONE) -- The law firm of Wechsler Harwood Halebian & Feffer LLP ("Wechsler Harwood") announces that a class action has been commenced in the United States District Court for the District of Minnesota on behalf all persons who purchased or acquired Pemstar, Inc. (Nasdaq:PMTR) ("Pemstar" or the "Company") securities pursuant to the June 8, 2001 Secondary Offering ("Secondary Offering") against defendants Pemstar and certain of its officers and directors.
Millicom International Cellular
Appointment of New Chairman of Millicom International Cellular S.A.
BERTRANGE, Luxembourg, Aug. 22, 2002 (PRIMEZONE) -- Millicom International Cellular S.A. ("MIC") (Nasdaq:MICC), the global telecommunications investor, today announces that, following the death of MIC's Chairman, Jan Hugo Stenbeck, on Monday 19th August, Hakan Ledin, the current Vice Chairman, has been appointed as Chairman of the Board of Millicom International Cellular S.A. A Board meeting to determine the appointment was held in Stockholm today.
WILink Launches PeerEvents Surveillance Tool as Newest Product in their PrecisionIR Line of Investor Relations Services
RICHMOND,.Va., Aug. 15, 2002 (PRIMEZONE) -- WILink, a global leader in providing investor relations and investment communications services has introduced PeerEvents(TM), a database of earnings conference call transcripts, to further assist their clients with effective investor communications. PeerEvents(TM) is the latest addition to WILink's new PrecisionIR(TM) program specifically developed for Investor Relations professionals to deliver customized communications to a precisely targeted investor audience.
Carcorp USA Anticipating Substantial Growth for Last Six Months of 2002
FT. LAUDERDALE, Fla., Aug. 22, 2002 (PRIMEZONE) -- Carcorp USA Inc. ("CUSA") (OTCBB:CUSA) said today that it anticipates strong operating results for the last six months of 2002, with gross revenues growing by 34% in the last six months over the last six months of 2001, with EBITDA increasing by 27% over the same reporting period in 2001. Net profits should increase by 28% from the first six months of 2001.