latest news releases from the newsroom
Tubac Holdings, Inc. Completes Acquisition of Equity Positions in Four Public Companies
TUBAC, Ariz., April 28, 2005 (PRIMEZONE) -- Tubac Holdings, Inc. (Pink Sheets:TBAH) announced that the company has completed the acquisition of major equity positions in four exciting publicly traded companies. Tubac Holdings, a holding company dedicated to enabling emerging businesses to succeed in the public marketplace, has taken an equity stake in SANDOIL, Inc., New Life Solutions, Inc., Kachina Gold Corporation and Chef Selections, Inc. Tubac is currently negotiating with other potential acquisition targets as well.
Settlement Announced in eBay Derivative Action -- EBAY
NEW YORK, April 28, 2005 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP ("Pomerantz") (www.pomerantzlaw.com) announced today that the parties have reached a tentative settlement in In re eBay, Inc. Shareholders Litigation, a derivative action brought by shareholders on behalf of eBay (Nasdaq:EBAY) in Delaware Chancery Court. The settlement calls for the payment to eBay of $3 million by Meg Whitman, Pierre Omidyar, Jeffrey Skoll and Robert Kagle, who are officers/directors/controlling stockholders of eBay, and a payment to eBay of $395,000 by Goldman Sachs Group, eBay's investment banking firm. Pomerantz is co-lead counsel for the plaintiffs, and H. Adam Prussin was the Pomerantz partner in charge of the case.
Entertainment Games, Inc.
eGames Announces Quarterly Cash Dividend
LANGHORNE, Pa., April 28, 2005 (PRIMEZONE) -- eGames, Inc. (OTCBB:EGAM), a publisher of Family Friendly(tm), affordable consumer entertainment PC software games, today announced that its Board of Directors has declared a quarterly cash dividend of $0.015 per common share to be paid on May 25, 2005 to shareholders of record on May 17, 2005. This is the second consecutive quarterly cash dividend paid by eGames to its shareholders. It is the Company's intention to continue paying a comparable quarterly cash dividend to shareholders of its common stock in future periods. However, the payment of any further cash dividends depends entirely upon the discretion of the Company's Board of Directors and may be discontinued at any time, for any reason.