latest news releases from the newsroom
The Independent Research Network
Independent Research Network Appoints Karin McKinnell as New President
NEW YORK, Aug. 17, 2006 (PRIMEZONE) -- The Independent Research Network(sm) (IRN) today announced the appointment of Karin McKinnell as president. IRN, a joint venture formed by NASDAQ and Reuters in September 2005, acts as an intermediary for under-followed public companies seeking to have their equity securities covered by analysts. McKinnell will be leading IRN's efforts to align under-covered companies with multiple research providers to ensure that investors have access to high-quality research.
Seeger Weiss LLP
Vioxx Trial Verdict in Favor of Defendant Merck Vacated -- MRK
NEW YORK, Aug. 17, 2006 (PRIMEZONE) -- Seeger Weiss LLP announces that the jury verdict rendered in favor of Merck & Co. (NYSE:MRK) (http://finance.yahoo.com/q?s=mrk) in the Vioxx-related trial entitled, Humeston v. Merck, has been vacated. After hearing oral argument this morning in the New Jersey Superior Court in Atlantic County, N.J., the Honorable Carol E. Higbee ruled that the November 2005 trial verdict should be vacated on various grounds, including findings by the New England Journal of Medicine that Merck had failed to report material cardiovascular safety data in connection with the publication of its landmark Vioxx clinical study known as Vigor. The judge's ruling nullifies the verdict for all purposes, and will allow plaintiff, Frederick "Mike" Humeston, a new day in court. Seeger Weiss LLP's trial team was led by partners Christopher A. Seeger (http://www.seegerweiss.com/lawfirm/Employee.aspx?ID=19) and David R. Buchanan (http://www.seegerweiss.com/lawfirm/Employee.aspx?ID=39), who successfully argued the vacatur motion. In response to Judge Higbee's decision to vacate the trial verdict, Mr. Seeger stated: "It was difficult for our trial team to hear Merck's witnesses repeatedly distort the truth about the Vigor study results. The judge's ruling today corrects just the latest injustice committed on the entire Humeston family by Merck and ratifies the proper functioning of the judicial process."
Guangzhou International Art Fair Exposes Artists' Works to Global Market
SAN DIEGO, Aug. 17, 2006 (PRIMEZONE) -- The renowned Guangzhou Art show, held every December, helps artists and their work to become known worldwide. The well-established Art Fair extends its reach to the USA and other foreign markets, making it a truly international affair. Artists of every discipline can network through the unique opportunity afforded by the Guangzhou International Art Fair, marketing their works worldwide to not only other artists but to art galleries, art businesses, art schools and art organizations.
Wireless Xcessories Group
Wireless Xcessories Group Completes Initial 100,000 Shares Purchase Under Previously Announced Buyback Program
HUNTINGDON VALLEY, Pa., Aug. 17, 2006 (PRIMEZONE) -- The Wireless Xcessories Group, Inc. (AMEX:XWG), a nationwide manufacturer and distributor of electronic and cellular accessories and creator of private labeled websites for affiliates, announced today that it has acquired 100,000 shares of the Company's stock via open market purchases, as part of a previously announced program to purchase up to 250,000 shares of the Company's common stock.
Battle Mountain Gold Exploration Corp.
Battle Mountain's Royalty Portfolio Reports 35 Percent Increase in First Six Months Revenues
RENO, Nev., Aug. 17, 2006 (PRIMEZONE) -- Battle Mountain Gold Exploration Corp. (OTCBB:BMGX) ("Battle Mountain") is pleased to report results for the quarter ended June 30, 2006. Revenue for the period was $1.549 million. The revenue includes royalty income earned from January 2006 to June 30, 2006, and represents an approximate 35% increase from what the portfolio generated for the same period last year, under the previous owner. A breakdown of Battle Mountain's first and second quarter royalty revenue is provided in Table 1 below.
Fire Mountain Beverage Co.
Fire Mountain Beverage to Produce 12,000-Case First Order
VALENCIA, Calif., Aug. 17, 2006 (PRIMEZONE) -- Fire Mountain Beverage Company (Pink Sheets:FBVG) announces its first production run generated by its new sales and distribution team, encompassing 12,000 cases of water products. The Company is looking very hard at its ability to place products into the recently added distribution system, and is extremely optimistic but making conservative estimations on the potential of sales that can be achieved in the system.