latest news releases from the newsroom
Parker Waichman Alonso LLP
Parker & Waichman, LLP Files Suit Against Ortho-McNeil Pharmaceutical, Inc. on Behalf of Victim of Ortho Evra Birth Control Patch
NEW YORK, Nov. 22, 2005 (PRIMEZONE) -- Parker & Waichman, LLP (http://www.yourlawyer.com) announced that it has filed suit against Ortho-McNeil Pharmaceutical, Inc., a division of Johnson and Johnson Inc. (NYSE:JNJ), on behalf of a 27-year-old woman who suffered multiple pulmonary emboli after using the Ortho Evra contraceptive patch for 10 months. In March 2004, the victim began to experience neck and back pain coupled with breathing problems. These symptoms intensified, and the victim was taken to Illini Hospital in Silvas, Illinois on March 14, 2004. A CT pulmonary angiogram revealed bilateral pulmonary emboli in the lower lobe segment branches with left lower lobe infiltrates and effusion. The victim was admitted to intensive care and was placed on Lovenox and Coumadin therapy. The plaintiff will likely undergo prolonged treatment with anticoagulant medications; this treatment may be necessary for the remainder of her life. The suit was filed on November 21, 2005, in the United States District Court for the District of New Jersey in Newark, New Jersey. For more information on Ortho Evra please visit www.orthopatchlawsuit.com.
Sun New Media Inc.
Sun New Media to Acquire Focus Channel Development
DIAMOND BAR, Calif., Nov. 22, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced an agreement to acquire a 100% controlling interest in Focus Channel Development (HK), Ltd. ("Focus"), one of China's leading providers of internet-based software solutions for distribution channel management. Subject to certain financial milestones, the minimum and maximum total consideration for the acquisition is between 14.9 and 20.9 million shares of SNMI common stock. This strategic acquisition will enable SNMI to expand its service offerings to include both interactive marketing solutions through its existing holdings, and cutting edge logistical and technical coordination solutions.
ATA Airlines, Inc.
ATA Flight Attendants Ratify Collective Bargaining Agreement
INDIANAPOLIS, Nov. 22, 2005 (PRIMEZONE) -- ATA Airlines, Inc. (Pink Sheets:ATAHQ) announces that its flight attendants, represented by the Association of Flight Attendants (AFA), have voted to ratify a new collective bargaining agreement (CBA). The new agreement will extend wage, benefit and work rule concessions earlier ratified on Oct. 15, 2004, and will become effective Jan. 1, 2006. The collective bargaining agreement will be amendable on Oct. 31, 2008.
U.S. MedSys. Corporation
U.S. MedSys Corp. Announces Record Revenue for the First Quarter of Fiscal 2006
HASBROUCK HEIGHTS, N.J., Nov. 22, 2005 (PRIMEZONE) -- U.S. MedSys Corp. (OTCBB:UMSY) (the "company") is pleased to announce the filing of its Form 10-QSB for the first quarter of fiscal 2006, which showed continued revenue growth for the fourth straight quarter. For the first three months of fiscal 2006, the company recognized net revenue of $726,127 compared to net revenue of $106,885 for the first three months of fiscal 2005. Gross profit from operations increased to $210,834 for the first three months of fiscal 2006 compared to a gross profit of $106,885 for the first three months of fiscal 2005. Net loss for the same period increased to ($838,620) as compared to a net loss of ($833,190) for the first three months of fiscal 2005. The increased revenue represents the implementation of various new customer contracts, continued expansion of existing contracts that became revenue producing, and maintaining a relatively consistent spending pattern despite the implementation of new contracts.