latest news releases from the newsroom
Citizens Capital Corp.
Citizens Capital Subscription Rights Open for Trading; Effects Spin Off
DALLAS, Nov. 14, 2001 (PRIMEZONE) -- Citizens Capital Corp. (OTCBB:CAAP) (CUSIP #174445106) today announced that its Citizens Capital Corp. Class A Subscription Rights (CUSIP #174445122) have opened for secondary trading in the institutional and dealer markets. Total Citizens Capital Corp. Class A Subscription Rights outstanding are 48,022,500. Each (5) Rights purchases (1) share of SCOR Brands, Inc. common stock (CUSIP #784026106) from Citizens Capital Corp. at $0.52 per share. After the basic (5) for (1) subscription is fulfilled, rights holders may over-subscribe to the SCOR Brands shares on an unlimited basis at $0.52 per share. Fully subscribed, the subscription rights shall effect the spin off of approximately 30 percent of Citizens Capital Corp.'s SCOR Brands, Inc. athletic footwear unit or 9,604,500 SCOR Brands, Inc. common shares. The subscription period expires November 30, 2001.
Appeal Virtual Machines
Appeal Virtual Machines Licenses Sun Microsystem's Java 2 Platform, Standard Edition-J2SE
SAN FRANCISCO, Nov. 14, 2001 (PRIMEZONE) -- Appeal Virtual Machines (SSE:APP), a technology leader in producing manageable, high performance Virtual Machines for the Java platform, today announced that it has signed a Sun Community Source license agreement for J2SE with Sun Microsystems. As a Java technology licensee, Appeal's JRockit product will give companies the choice to select a Java Virtual Machine with a management console suitable for integration, optimization and independent management for their unique operating environments.
Northrop Grumman Corp.
Litton Systems Canada Receives 52 Million Canadian Dollars Electronics Order for GM Defense
HALIFAX, Nova Scotia, Nov. 14, 2001 (PRIMEZONE) -- Litton Systems Canada, a business unit of Northrop Grumman Corporation's (NYSE:NOC) Electronic Systems sector, will supply electronic chassis and turret control systems to GM Defense in contracts valued at 52 million Canadian dollars. The multi-year orders will provide electronic assemblies for major new Light Armoured Vehicle (LAV) programs for the U.S. Army, the Australian Army and the New Zealand Army.