latest news releases from the newsroom
Ness Energy International, Inc.
Ness Energy: Israel Analysis, Texas and Wall Street Reports, Pending Acquisitions and Agreements
WILLOW PARK, Texas and NETANYA, Israel, Dec. 23, 2003 (PRIMEZONE) -- Ness Energy International, Inc. (OTCBB:NESS) announced today it has undertaken an analysis of Israeli sources as part of a plan to pinpoint and locate future Israeli projects. Ness counsel is preparing agreements regarding the negotiated arrangements that have been ongoing with Wall Street financiers and brokerage firms, and are now focused on completion of a comprehensive release regarding progress in Texas and Israel and the vehicle that will take us there. This update will be released before year end. Ness is committed to "realizing" our vision, to bless and enrich Israel, the Christian communities and those shareholders and other supporters of Ness who believe with us as we boldly go forward to accomplish the work at hand.
Bull & Lifshitz, LLP
Bull & Lifshitz, LLP Announces Class Action Against Career Education Corporation
NEW YORK, Dec. 23, 2003 (PRIMEZONE) -- Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Career Education Corporation ("Career Education" or the "Company") (Nasdaq:CECO) common stock during the period between January 28, 2003 and December 2, 2003, inclusive (the "Class Period").
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Fourth Quarter 2003 Dividend
VALDOSTA, Ga., Dec. 23, 2003 (PRIMEZONE) -- On December 22, 2003, the Board of Directors for PAB Bankshares, Inc. (AMEX:PAB) approved a quarterly dividend in the amount of $.07 per share payable on January 15, 2004 to its stockholders of record on December 31, 2003. This is an increase of two cents over the $.05 per share paid for the third quarter of 2003.
QLogic Executive to Present at Sixth Annual Needham Growth Conference
ALISO VIEJO, Calif., Dec. 23, 2003 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that HK Desai, president, chairman and CEO, will be presenting at the Sixth Annual Needham Growth Conference held at the New York Palace Hotel on Wednesday, January 7, 2004. The presentation, expected to begin at 2:30 p.m. Eastern Time, will also be available through live and archived webcast via the QLogic website at http://www.qlogic.com/company/investor_relations.asp.
QLogic Executive to Present at 2004 System Area Networks Conference Hosted by RBC Capital Markets
ALISO VIEJO, Calif., Dec. 23, 2003 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that HK Desai, president, chairman and CEO, will be presenting at the RBC Capital Markets 2004 System Area Networks Conference held at The Plaza in New York City on Tuesday, January 6, 2004. The presentation, expected to begin at 11:25 a.m. Eastern Time, will also be available through live and archived webcast via the QLogic website at http://www.qlogic.com/company/investor_relations.asp.
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc. Repurchase Of Common Stock Approved
WICHITA, Kan., Dec. 23, 2003 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. ("Lone Star" or "the Company") (Nasdaq:STAR) announced that it has completed its previously authorized repurchase of 2.2 million shares, and that its Board of Directors has approved the repurchase by Lone Star Steakhouse & Saloon, Inc. of up to an additional 10% of the outstanding shares of the Company, or approximately 2.1 million additional shares. Any repurchases would be made from time to time in the open market or in negotiated transactions pursuant to the "safe harbor" rules of the Securities and Exchange Commission.
Encysive Pharmaceuticals Inc.
Encysive Pharmaceuticals Announces Closing of $48.6 Million Stock Offering
HOUSTON, Dec. 23, 2003 (PRIMEZONE) -- Encysive Pharmaceuticals (Nasdaq:ENCY) announced today the closing of its previously announced offering of 6,500,000 shares of its common stock in an underwritten offering by SG Cowen Securities Corporation acting as sole book-running manager, RBC Capital Markets acting as co-lead manager, and Needham & Company, Inc. acting as co-manager. At the closing, the underwriters also purchased an additional 975,000 shares of common stock pursuant to their over allotment option. The shares of common stock were sold to the public for $6.50 per share. With the exercise of the over allotment option, the gross proceeds from the offering realized by the Company is approximately $48.6 million.