latest news releases from the newsroom
Autoliv Declares Dividend
STOCKHOLM, Sweden, Aug. 14, 2002 (PRIMEZONE) -- Autoliv Inc. (NYSE:ALV) (Stockholm:ALIV), the worldwide leader in automotive safety, has declared a dividend of US$.11 per share of common stock, payable on Thursday December 5, 2002, to the Autoliv stockholders of record of the close of business on Thursday November 7, 2002.
PharmChem Reports Second Quarter 2002 Results
HALTOM CITY, Texas, Aug. 14, 2002 (PRIMEZONE) -- PharmChem, Inc. (Nasdaq:PCHM) announced that its net sales from continuing operations for the second quarter ended June 30, 2002 were $8,066,000, or 10.7% lower than 2001's second quarter net sales of $9,030,000.
Pomerantz Haudek Block Grossman & Gross LLP: Nicor Investors Have Until Friday, September 20, 2002 to Seek Appointment as Lead Plaintiff -- GAS
NEW YORK, Aug. 14, 2002 (PRIMEZONE) -- According to Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com), which has filed a class action against Nicor Inc. ("Nicor" or the "Company") (NYSE:GAS) and two of the Company's senior officers, investors who purchased or otherwise acquired the securities of Nicor during the period from January 24, 2002 through July 18, 2002, inclusive (the "Class Period") have until Friday September 20, 2002 to seek appointment by the Court as one of the lead plaintiffs in this action.
Majestic Companies, Ltd.
Majestic Companies' Subsidiary, Freedom Oil & Gas Announces Acquisition of El Grande Prospect
SALT LAKE CITY, Aug. 14, 2002 (PRIMEZONE) -- Freedom Oil & Gas, Inc. (Salt Lake City, Utah), a wholly-owned subsidiary of The Majestic Companies, Ltd. (OTCBB:MJXX), announced that it has entered into an agreement in principle to acquire from HEGCO, Inc. approximately 6,000 gross acres under lease in Arkansas, including the Edgmond #1 well, in exchange for 110,000 shares of Majestic Series A Preferred Stock (which are convertible into 550,000 common shares). Freedom is informed that HEGCO's investment in the El Grande prospect and Edgmond #1 well exceeded $2 million. Hewitt Energy Group, Inc. agreed to exchange approximately $700,000 in securities and notes for a minority interest with Freedom in the project, among other consideration from Freedom. The agreement in principle is subject to the approval of HEGCO's secured creditors, the Canadian Court handling HEGCO's receivership, and execution of a definitive written purchase agreement. Freedom's objective is to develop potential natural gas production previously discovered in the lease block.