latest news releases from the newsroom
Bright Star Ventures Ltd.
Bright Star Identifies New Polymetallic Platinum-Palladium Discovery
VANCOUVER, B.C. Aug. 6, 2002 (PRIMEZONE) -- Management of Bright Star Ventures Ltd. (TSX Venture Exchange:BSV) is pleased to announce positive exploration results on its Tulameen property located in south-central BC. Highly anomalous platinum-palladium and copper mineralization was recently identified in bedrock as a result of this year's follow-up sampling program over a recently flown helicopter airborne (DIGHEM) magnetic anomaly.
Franconia Minerals Corporation
Franconia Discovers High-Grade Zinc Zone at the San Francisco Property, Utah: Drill Hole Intercept of 55.7 Ft Averaging 12.88 Per Cent Zinc
VERADALE, Wash., Aug. 6, 2002 (PRIMEZONE) -- Franconia Minerals Corporation (OFEX:FRA) is pleased to announce very promising initial results from its core drilling program at the high-grade zinc San Francisco property in southwestern Utah. One of three core holes drilled, hole SF-2, encountered numerous zones containing high grade oxide zinc mineralization with up to 25.48 per cent zinc over 15.7 ft down the hole within a wider, 55.7 ft intercept averaging 12.88 per cent zinc (see Table 1.). These results complement previous drilling and sampling on the property which showed the presence of high-grade sphalerite (zinc sulfide) mineralization, with up to 55 feet of 19% zinc in drilling and 105 feet of 14.5% zinc in underground drift sampling. Additional details are available at www.franconiaminerals.com.
Competitive Technologies, Inc.
Competitive Technologies Announces Sale of ELS Interests
FAIRFIELD, Conn., Aug. 6, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today the sale of its ownership interest in the intellectual property of E.L. Specialists, Inc. (ELS) to MRM Acquisitions, LLC for $200,000 in cash. CTT will write off the remaining balance of its investment in July 2002 for a net charge of $263,000.
The Pomerantz Firm Charges Charter Communications With Securities Fraud -- CHTR
NEW YORK, Aug. 6, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit in the United States District Court for the Central District of California against Charter Communications, Inc. ("Charter" or the "Company") (Nasdaq:CHTR) and two of the Company's senior officers on behalf of all persons or entities who purchased or otherwise acquired the securities of Charter during the period between November 9, 1999 and July 17, 2002 (the "Class Period"). The lawsuit charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by engaging in misleading accounting practices and issuing materially false and misleading financial statements regarding the nature of Charter's revenue and earnings, all of which served to artificially inflate the Company's stock price.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against SeeBeyond Technology Corporation and Certain Officers and Directors Alleging Violations of Federal Securities Law -- SBYN
NEW YORK, Aug. 6, 2002 (PRIMEZONE) -- A class action Complaint has been filed in the United States District Court for the Central District of California, civil action number 02 cv 35052, on behalf of all persons or entities who purchased securities of SeeBeyond Technology Corporation ("SeeBeyond" or the "Company") (Nasdaq:SBYN) between December 10, 2001 and April 22, 2002, both dates inclusive (the "Class Period"). SeeBeyond Technology Corporation, James T. Demetriades, Barry J. Plaga, Paul J. Hoffman, Raymond J. Lane, and Kathleen M. Mitchell are named as defendants in the complaint.