latest news releases from the newsroom
Clear Asset Management LLC
Clear Asset Management Named to 'Top Gun List' of Best Investment Performers
NEW YORK, May 24, 2006 (PRIMEZONE) -- Clear Asset Management LLC (ClearAM), an asset management and equity research firm, was named a "Top Gun Investor" in the PSN Top Guns List by Informa Investments Solutions for the first quarter ending March 31, 2006. ClearAM's Large Cap Value and Mid Cap Growth investment portfolios were each ranked in the top five out of 386 large cap value and 170 mid cap growth products reporting.
Biogenerics Ltd. Negotiating to Purchase Existing Oil Lease Near Quitman, Texas
TYLER, Texas, May 24, 2006 (PRIMEZONE) -- Due to the positive reception of yesterday's announcement by Biogenerics Ltd. (Pink Sheets:BIGN), James Lancaster, CEO, commented, "It appears the market has recognized the potential this company and its positioning in the oil industry. Other opportunities are being presented to management, which are being evaluated for consideration and management is actively negotiating with possible lender/investor groups to provide Biogenerics with sufficient capital to take advantage of the selected opportunities that may arise."
M&A Activity Reaches New Highs in the Global Metals Industry
LONDON, May 24, 2006 (PRIMEZONE) -- The metals industry continued to consolidate in 2005, as the leading producers sought to control the rising cost of raw materials by purchasing their suppliers outright, PricewaterhouseCoopers reported today. In Forging Ahead: Mergers and Acquisitions Activity in the Global Metals Industry 2005, PricewaterhouseCoopers said that further M&A activity in the sector is likely, and that China will be a significant source of M&As over the next few years as it continues to produce and consume steel at a record pace.
Delta Air Lines, Inc.
Delta Air Lines Announces Largest Winter Ski Schedule Ever With Service to 11 Destinations
ATLANTA, May 24, 2006 (PRIMEZONE) -- Delta Air Lines this winter will offer customers more choices for ski vacations than ever before with new and expanded service to and from 11 exciting ski destinations throughout the western United States and Canada. Delta's newest ski destination of Telluride Colo. will be served daily between Montrose/Telluride and Salt Lake City, and on Saturdays between Montrose/Telluride and Delta's largest hub in Atlanta. Additionally, Delta will add daily nonstop service between Atlanta and Steamboat Springs, Colo. Delta will also expand service between Salt Lake City and Aspen, Colo., and between Atlanta and Bozeman, Mont., Jackson Hole, Wyo. and Calgary, Alberta, Canada.
VioQuest Pharmaceuticals Initiates Clinical Trial for Akt Targeted Therapeutic
BASKING RIDGE, N.J., May 24, 2006 (PRIMEZONE) -- VioQuest Pharmaceuticals (OTCBB:VQPH), a New Jersey-based biopharmaceutical company focused on acquiring, developing and commercializing targeted cancer compounds, has initiated a Phase I/IIa clinical trial to assess the safety and dosing of VQD-002, triciribine-phosphate (TCN-P). This trial is being conducted in up to 20 patients with diverse solid tumors, where abnormal levels of phosphorylated Akt (protein kinase B) have been observed. The co-inventors for VQD-002 are Dr. Said M. Sebti and Dr. Jin Cheng from The University of South Florida H. Lee Moffitt Cancer Center and Research Institute.