latest news releases from the newsroom
ATEC Group, Inc.
ATEC Acquires Interpharm Inc. and Completes Sale of Computer Operations
COMMACK, N.Y., May 30, 2003 (PRIMEZONE) -- ATEC Group, Inc.
(AMEX:TEC) today consummated the previously announced acquisition of Interpharm, Inc., a manufacturer and distributor of generic pharmaceutical products based on Long Island, New York. Atec has filed an amendment to its certificate of incorporation to change the name of the company to Interpharm Holdings, Inc.
Romacorp, Inc. Agrees to Sell 11 Restaurants to New Tony Roma's Franchisee
DALLAS, May 30, 2003 (PRIMEZONE) -- Romacorp, Inc. today announced that it has entered into an Asset Purchase Agreement pursuant to which 11 company-operated restaurants in Texas and Oklahoma would be sold to Romadal, LTD I, a new franchisee of the Tony Roma's concept. Terms of the agreement include the future development of three new restaurants in the development territory. The transaction is expected to close during June 2003.
MAG Silver Corp.
MAG Silver Corp. Acquires Juanicipio Project Property Outright
VANCOUVER, B.C., May 30, 2003 (PRIMEZONE) -- MAG Silver Corp. (TSX Venture Exchange:MAG) announces that it has entered into an agreement to acquire the underlying interest in the Juanicipio I claim that encompasses its Juanicipio Project near Fresnillo, Zacatecas, Mexico, currently being drilled by MAG. Under the terms of the agreement, subject to regulatory approval, MAG will pay US$250,000 and issue 200,000 shares of its common stock in connection with the purchase.
Gasel Transportation Lines, Inc.
Gasel Initiates Emergency Reorganization to Protect Revenue Assets and Continue Execution of Aggressive Growth Strategy
MARIETTA, Ohio, May 30, 2003 (PRIMEZONE) -- Gasel Transportation Lines, Inc., (OTCBB:GSEL), a national long-distance and regional truckload common carrier, announced today that it filed for protection under Chapter 11 on May 19, 2003 with the United States Bankruptcy Court, Columbus, Ohio to seek asset protection from recent demands from some of its equipment-based lenders and to enable it to continue to execute its aggressive growth strategy to restore economic viability.
Crew Gold Corporation
Crew Announces Third Quarter 2002/2003 Results
VANCOUVER, Canada, May 30, 2003 (PRIMEZONE) -- Crew Development Corporation (TSE:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRWVF) today announced its financial results for the quarter ended March 31, 2003. The results of operations for the nine months ended March 31, 2003, in summary, compared with the nine months ended March 31, 2002, were as follows (all figures expressed in thousands of Canadian Dollars): For the nine months ended March 31, 2003, the Company incurred a net loss of $13,718 ($0.10 per share), compared with a net loss of $34,686 ($0.27 per share) for the nine months ended March 31, 2002. For the three months ended March 31, 2003, the Company incurred a net loss of $4,104 ($0.03 per share), compared with a net loss of $22,896 ($0.17 per share) for the three months ended March 31, 2002.