latest news releases from the newsroom
Media Advisory -- PRSA/OC Volunteers to Implement Critical PR Campaign
ORANGE COUNTY, Calif., Aug. 9, 2004 (PRIMEZONE) -- On Tuesday, August 10, 2004, at 3:30 p.m., the Public Relations Society of America (PRSA) Orange County Chapter will officially announce its support to implement a strategic 12-month public awareness campaign on a volunteer basis. The goal of the plan is to heightened awareness and understanding of the critical need for foster care and adoptive families in the county and to spotlight the variety of other ways people can provide love and care to the agencies and precious children within the system.
Dobson Communications Corporation
Dobson Communications Reports Second Quarter 2004 Results
OKLAHOMA CITY, Aug. 9, 2004 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today reported a net loss applicable to common shareholders of $15.9 million, or $0.12 per share, for the second quarter ended June 30, 2004. Included in the loss were $8.3 million in dividends on mandatorily redeemable preferred stock and $1.9 million in dividends on Dobson's Series F convertible preferred stock. For the second quarter of 2004, Dobson also recorded a $5.1 million gain on redemption and repurchases of preferred stock and a $3.5 million deferred income tax benefit. (Table 1)
Oneida Ltd. and Lenders Consummate Anticipated Financial Restructuring
ONEIDA, N.Y., Aug. 9, 2004 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEI) today announced that it has consummated an agreement with its principal lenders on a comprehensive restructuring of existing indebtedness of $233.2 million that includes a conversion of $30 million of the debt into approximately 29.8 million shares of common stock. The agreement also provides for a new $30 million revolving credit facility. Consummation of the transaction completes Oneida's agreement in principle with its lenders that previously was announced on June 25, 2004.
The Pomerantz Firm Wins $32 Million Judgment against Corporate Looter
NEW YORK, Aug. 9, 2004 (PRIMEZONE) -- After nine years of litigation, on August 6, 2004, the Delaware Federal District Court entered judgment against defendant Richard Gray ("Gray") for more than $32 million and directed him to turn over the stock of two corporations. The Court found that Gray's purchase of those two companies represented a "corporate opportunity" that belonged to Summit Metals ("Summit"). The Pomerantz firm was lead counsel to Summit in this case.
Universal Computer Systems
UCS Enhances Internet Applications with Internet Parts Order
HOUSTON, Aug. 9, 2004 (PRIMEZONE) -- Universal Computer Systems (UCS) announces the newest feature of its Internet Business Connection application -- Internet Parts Order (IPO). As with its predecessor, Parts Availability Inquiry, customers have access to real-time part information from a dealership's website, including descriptions, supersessions, and on-hand quantities. With IPO, customers now have the ability to send parts orders to the dealership directly from the Internet.
Action Products International
Action Products Reports Six and Three Month Financials Ending June 30 Telephone Conference August 9 at 4:15 P.M
ORLANDO, Fla., Aug. 9, 2004 (PRIMEZONE) -- Action Products International, Inc. (Nasdaq:APII), a leading toy designer and manufacturer of educational and positive, non-violent branded toys for pre-school children through pre-teens, today announced that sales for the six-month period ending June 30 were $3,700,100 vs. $3,650,800 last year. For the three-month period, sales were $1,937,300 vs. $2,265.700 in 2003. The company lost $252,700 ($.06 per share) in 2004 vs. a profit of $26,100 ($.01 per share) in 2003 for the three-month period ending June 30. For the six-month period, the loss in 2004 was $441,500 ($.11 per share) vs. a loss of $103,900 ($.03 per share) in 2003.
New Medium Enterprises, Inc.
New Medium Enterprises, Inc. Receives a $1 Million Investment From an Accredited Investor
BROOKLYN, N.Y., Aug. 9, 2004 (PRIMEZONE) -- New Medium Enterprises, Inc. (OTCBB:NMEN), a developer of next-generation high definition Red Laser Multilayer Video Discs (MVD) announced today that it has received a $1 million investment from a single accredited Investor. The Company is issuing 5,000,000 common shares to the investor which shares are "Restricted Securities" as the term is defined in Rule 144 under the Securities Act. The proceeds are expected to be used primarily for commercializing MVD technology, currently in Pre-Industrial stage and for general working capital purposes.