latest news releases from the newsroom
Telelogic Elected to Eclipse Board
MALMO, Sweden, June 17, 2002 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has been unanimously elected to membership on the Eclipse Board of Directors. As a voting member of the Eclipse Consortium, Telelogic will help create and define policies, practices and standards for the open source tool development platform. The Eclipse platform is a universal tool platform that generically handles any type of resource files (Java, C, HTML or Word documents, for example) and is designed to support and facilitate a wide variety of application development. The Eclipse platform provides the framework for supporting these files; while tool vendors create all end-user functionality inter-operable plug-ins designed to the common, open source Eclipse standards. "Telelogic provides robust, integrated toolsets for the full lifecycle of advanced software and systems development," said Skip McGaughey, Chairperson of the Eclipse Board. For years, Telelogic has demonstrated its commitment to providing open, inter-operable solutions that integrate with a wide variety of tools from other vendors. Telelogic's breadth of experience and integration expertise will be extremely valuable as we create the next generation of standards for e-business development tools." The Eclipse platform has gained wide acceptance since its introduction in November, with more than 1 million project downloads from the Eclipse Website and the rapid development and release of numerous Eclipse- compliant toolsets. Telelogic joins 12 other industry leaders on the Eclipse board, including IBM, Rational, Merant, Serena and Fujitsu. Telelogic will be represented by Tony Chang, Vice President of Product Development, Irvine Lab. Mr. Chang has extensive technical knowledge and hands-on experience with the application development lifecycle. He led the product development team that developed Telelogic Synergy(TM), the industry's leading Change and Configuration Management Tool. "Telelogic is committed to making advanced development a little easier and a little simpler for everyone," Chang said. "By contributing our expertise and energies to the Eclipse Project, we are delighted to help create an open source, integrated development environment that benefits everyone. We are proud to be included as a member of this prestigious board." Telelogic has been developing several Eclipse-based tool plug-ins, based on IBM WebSphere Studio Application Developer. General Availability will be announced soon.
American Energy Production Inc.
American Energy Partners Inc. Announces Letter of Intent
SAN ANTONIO, Texas, June 17, 2002 (PRIMEZONE) -- American Energy Partners Inc. (OTCBB:AMEP) today announced that the Company has signed a Letter of Intent with Texas oil operator Proco Operating Co. Inc. to purchase all oil and gas leases and related oil field equipment for stock and notes to be negotiated in the final sales agreement. These oil and gas leases cover 3,000-plus acres and have a long history of production from several producing horizons. Proco Operating Co. Inc. will become a wholly owned subsidiary of American Energy Partners Inc. The Marble Falls formation on the property still contains proven oil reserves of 2,400,000 barrels and 3 billion cubic feet of natural gas.
The Pomerantz Firm Files Suit Against Merrill Lynch and Henry Blodget on Behalf of Investors of 24/7 Real Media, Inc. -- TFSM
NEW YORK, June 17, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross (www.pomerantzlaw.com) has filed a class action charging Merrill Lynch & Co., Inc. ("Merrill Lynch") (NYSE:MER) and its former Internet research analyst Henry M. Blodget ("Blodget") with issuing false and misleading analyst reports about 24/7 Real Media, Inc. ("24/7" or the "Company") (Nasdaq:TFSM). The case was filed on behalf of investors who purchased the common stock of 24/7 during the period from February 18, 2000 through November 9, 2000, inclusive (the "Class Period").
International Environmental Award to Volvo's Foundry
GOTEBORG, Sweden, June 17, 2002 (PRIMEZONE) -- WFO, the World Foundrymen Organization, has chosen to present Volvo's (Nasdaq:VOLVY) foundry in Skovde, Sweden with its newly instituted "Environmental Award 2002" for the development of a new casting process that contributes to a reduced environmental impact from production as well as from the completed truck engines.
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc.: Preliminary Results of Dutch Auction Tender Offer
WICHITA, Kan., June 17, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. ("Lone Star") (Nasdaq:STAR) today announced the preliminary results of its modified Dutch auction tender offer, which expired at Midnight on June 14, 2002. Lone Star commenced the tender offer on May 17, 2002 to purchase up to 4,000,000 shares of its common stock at a price between $20.50 and $22.50 per share, net to the seller in cash, without interest.