latest news releases from the newsroom
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Omnicom Group, Inc. -- OMC
BALTIMORE, June 13, 2002 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who acquired Omnicom Group, Inc. (NYSE:OMC) securities between April 25, 2000 through June 11, 2002, inclusive (the Class Period).
AND International Publishers NV
AND Puts Down Solid Foundations for Future Growth
ROTTERDAM, The Netherlands, June 13, 2002 (PRIMEZONE) -- AND International Publishers N.V. (Amsterdam:AMDP) suffered a net loss of EUR 23 million in 2000, while its net loss in 2001 came to EUR 2 million. These figures were announced in the company's annual accounts for 2000 and 2001, which were published today. The company's shareholders will be asked to approve the annual accounts for 2000 and 2001 at their Annual General Meeting on 28 June 2002.According to AND's Management Board, the disappointing financial results for 2000 and 2001 reflect the enormous operational, organisational and legal changes which the company underwent during this period. The programme of restructuring was necessary in order to lay the foundations for potential growth in turnover and profitability. The firstquarter figures for 2002, published on 23 May, indicate that AND has already begun to bounce back. In the first three months of this year, it recorded a turnover of EUR 2.0 million and net profits of EUR 0.1 million.