latest news releases from the newsroom
Emerson Poynter LLP
CORRECTING AND REPLACING: Emerson Poynter LLP Announces Class Action Lawsuit on Behalf of Investors Against Sportsline.com Inc. -- SPLN
HOUSTON, Oct. 23, 2003 (PRIMEZONE) -- Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action lawsuit has been filed on behalf of purchasers of the common stock of Sportsline.com Inc. (Nasdaq: SPLN);"Sportsline" or the "Company") during the period between May 15, 2001and September 25, 2003 inclusive (the "Class Period"). A copy of the complaint can be obtained from the Court or by making a toll-free call to the Firm at 1-800-663-9817. The action is pending in the United States District Court for the Southern District of Florida against defendants Kenneth W. Sanders, Michael Levy, and Sportsline.com Inc.
Hauser Agrees to Sell Botanicals Extracts Division
EL SEGUNDO, Calif./LONGMONT, Colo., Oct. 23, 2003 (PRIMEZONE) -- Hauser, Inc. (OTCBB:HAUS) today said that it has agreed to sell the assets of its wholly owned subsidiary, Long Beach, California-based Botanicals International Extracts, Inc., to Zuellig Botanicals, Inc., a subsidiary of Zuellig Group N.A., Inc. The Zuellig companies are 34% shareholders of Hauser and could own approximately 43% of the company if they exercise their outstanding warrants.
The Mercanti Group
Mercanti Group Serves As Banker On Proposed K2/Brass Eagle Merger
LOS ANGELES and MINNEAPOLIS, Oct. 23, 2003 (PRIMEZONE) -- The Mercanti Group today announced that it acted as financial advisor to K2 Inc. (NYSE:KTO) in the definitive merger agreement between K2 and Brass Eagle, Inc. (Nasdaq:XTRM). Under the agreement, Brass Eagle will become a wholly-owned subsidiary of K2. Mercanti now has served as K2's investment banker in three merger and acquisition transactions and one capital raising assignment over the last 12 months.
Dobson Communications Corporation
Dobson Communications to Close Tender Offer for 12 1/4% Preferred Stock
OKLAHOMA CITY, Oct. 23, 2003 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that its wholly owned subsidiary, Dobson Cellular Systems, Inc., had closed on its new $700 million senior credit facility. The closing of the new credit facility was a condition to Dobson's cash tender offer (the "Offer") for up to 250,000 shares of its 12 1/4% Senior Exchangeable Preferred Stock (CUSIP Nos. 256072307, 256069303 and 256072208) (the "Preferred Shares"). The tender offer is expected to close on October 31, 2003.
CoolSavings Reports Second Straight Quarter of Net Income and Positive Cash Flow from Operations
CHICAGO, Oct. 23, 2003 (PRIMEZONE) -- CoolSavings, Inc. (OTCBB:CSAV), an online direct marketing and media company that provides smarter solutions to connect marketers to their target consumers, today reported results for the third quarter and nine months ended September 30, 2003. The Company posted a 13% increase in revenues in the third quarter compared to the same quarter of 2002, reflecting an increase in the number of revenue-producing actions taken by members and an increase in direct mail revenues. Net revenues in the third quarter of 2003 were $8.0 million compared to $7.1 million for the same period of 2002. For the third quarter, net income was $0.02 million, compared to a net loss of $4.0 million for the same period of 2002. Net income for the third quarter of 2002 reflected charges for lease exit costs and asset impairment of $1.9 million and $1.2 million, respectively.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against CONSOL Energy, Inc.
BALTIMORE, Oct. 23, 2003 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of CONSOL Energy, Inc. (NYSE:CNX) between January 24, 2002 and July 18, 2002, inclusive (the "Class Period").