latest news releases from the newsroom
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against PHH Corporation -- PHH
HARTFORD, Conn., March 17, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of New Jersey on behalf of all persons who purchased or otherwise acquired the publicly traded securities of PHH Corporation ("PHH" or the "Company") (NYSE:PHH) between May 12, 2005 and March 1, 2006, inclusive (the "Class Period").
Spring Shape-Ups for Your Car!
RIDGEWOOD, N.J., March 17, 2006 (PRIMEZONE) -- After a long, hard winter, not only your soul needs rejuvenating -- so does your vehicle! It's important to get your car back in tip-top shape after a season of cold and snow and get it prepared for the warmer months ahead!
Credit Acceptance Corporation
Credit Acceptance Corporation Announces Final Results of Its Modified Dutch Auction Tender Offer
SOUTHFIELD, Mich., March 17, 2006 (PRIMEZONE) -- Credit Acceptance Corporation (Pink Sheets:CACC) (the "Company") announced the final results of its modified Dutch auction tender offer, which expired at 5:00 p.m. Eastern Standard Time, on March 13, 2006. Credit Acceptance commenced the tender offer on February 10, 2006, to purchase up to 5,000,000 shares of its common stock at a price between $21.00 and $25.00 per share, net to the seller in cash, without interest. Based on the final count by Computershare Trust Company of New York, the depositary for the tender offer, 4,129,735 shares of common stock were properly tendered and not withdrawn at prices between $21.00 and $25.00 per share. The final count of shares purchased is more than the amount communicated in the Company's preliminary announcement on March 14, 2006, by 75,994 shares. Credit Acceptance has purchased all of the 4,129,735 tendered shares of its common stock at a price of $25.00 per share, at a total cost of approximately $103.2 million. The Company financed the purchase of its securities in the tender offer by borrowing under its $135.0 million revolving credit facility and $325.0 million revolving warehouse facility.
Wataire Industries Inc.
Wataire Industries, Inc. Featured on Azteca Television Mexico
VANCOUVER, British Columbia, March 17, 2006 (PRIMEZONE) -- Wataire Industries Inc. (Pink Sheets:WTAF) will be featured on Azteca television channel 13 on Friday, March 17 evening news. The news show "Hechos de Lanoche" (Fact for the night) will feature Wataire at the World Water Forum. The interview will be conducted by Mr. Mauricio Samieto, Wataire's representative through Tecno Alto Distribucion Mexico. The news show creates exposure to approximately 25 million viewers in Mexico City.
Airvana Wins Massachusetts Network Communications Company of the Year and Fastest Growth in Massachusetts
WALTHAM, Mass., March 17, 2006 (PRIMEZONE) -- At its Annual Awards Ceremony last evening, the Massachusetts Network Communications Council awarded Airvana its Company of the Year and Fastest Growth in Massachusetts Awards, recognizing a year of stellar performance and corporate growth. In 2005, the company exceeded $100M in revenue and has been profitable and cash flow positive for 8 consecutive quarters. Airvana, Inc. (www.airvana.com) is an innovator and leader in mobile broadband infrastructure based on 3G 1x EV-DO air interface technology.