latest news releases from the newsroom
Coram Files Notice of Appeal
DENVER, Dec. 28, 2001 (PRIMEZONE) -- Coram Healthcare Corporation (OTCBB:CRHEQ) and Coram, Inc., collectively referred to as Coram or the Company, today announced that they have filed a Notice of Appeal in the U.S. Bankruptcy Court for the District of Delaware related to the recent decision denying confirmation of their Second Joint Plan of Reorganization in their voluntary Chapter 11 cases. An appeal will be filed in the U.S. District Court for the District of Delaware.
Information Holdings Event to be Broadcast by Vcall over the Internet
RICHMOND, Va., Dec. 28, 2001 (PRIMEZONE) -- Information Holdings, Inc. (NYSE:IHI) will broadcast its Liquent Acquisition and 2002 Financial Outlook event on Thursday, Jan. 3, at 1:00 p.m. Eastern, Vcall, a Service of World Investor Link, announced today. This event webcast can be accessed at http://www.vcall.com/NASApp/VCall/EventPage?ID=80260
LifeFX Announces Loan Agreement with Safeguard
NEWTON, Mass., Dec. 28, 2001 (PRIMEZONE) -- LifeFX, Inc. (OTCBB:LEFX), the leading developer of life-like virtual people for the Internet (the "Company"), announced that it has entered into an agreement with Safeguard 2001 Capital, L.P., an affiliate of Safeguard Scientifics, Inc. (collectively, "Safeguard"), the Company's largest stockholder, relating to a senior secured loan facility in the aggregate principal amount of $4,000,000 (the "Loan Agreement"). Under the terms of the Loan Agreement, the funds may be drawn by the Company at certain scheduled intervals over a one year period upon the satisfaction of certain terms and conditions. The facility bears interest at a rate of 12% per year, and is payable on January 1, 2003, or earlier in certain circumstances. The facility is secured by a perfected first priority security interest in the Company's assets.
Virgin Express Announces Exclusive Merger Discussions with DAT
BRUSSELS, Belgium, Dec. 28, 2001 (PRIMEZONE) -- Virgin Express (Nasdaq:VIRGY) (Euronext Brussels:VIRE), the Belgian European airline, announces that it has entered into exclusive discussions with Airholding sa/nv and DAT. Airholding sa/nv recently became the new owner of DAT, the short-haul operating division of the former Sabena.
Orbit E-Commerce, Inc.
Orbit E-Commerce Inc. Files 10-QSB
TORONTO, Dec. 28, 2001 (PRIMEZONE) -- Orbit E-Commerce, Inc. ("Orbit" or "the Company") (OTCBB:OECI) today announced that it has filed its 10-QSB report to the Securities and Exchange Commission ("SEC") detailing its results for the quarter ending October 31, 2001.
Olicom Invests in Danacell A/S (with link)
COPENHAGEN, Denmark, Dec. 28, 2001 (PRIMEZONE) -- Olicom A/S (OTCBB:OLCMF) ("Olicom" or "the Company") today announced that it has invested in the Danish battery technology company Danacell A/S. Olicom has in total committed DKK 6.6 million ($0.8 million) based on Danacell meeting certain performance related milestones. Olicom will hold 30% of the shares in Danacell.
Ademi & O'Reilly, LLP
Ademi & O'Reilly, LLP Announces Auditors of Van Wagoner Funds Sued by Investors -- VWEGX
MILWAUKEE, Dec. 27, 2001 (PRIMEZONE) -- The law firm of Ademi & O'Reilly, LLP, announce that a federal class action lawsuit was filed today against Ernst & Young, LLP, the auditors of the Van Wagoner Funds (Nasdaq:VWEGX) family of mutual funds, along with the other defendants listed below. The suit was filed on behalf of purchasers of shares between April 28, 2000 and June 30, 2001, inclusive. A copy of the complaint is available from Ademi & O'Reilly, LLP, or the District Court Clerk's Office.