latest news releases from the newsroom
Murray, Frank & Sailer LLP
Investor Notice: Murray, Frank & Sailer LLP Has Filed a Shareholder Class Action Against Host America Corporation -- CAFE
NEW YORK, Aug. 8, 2005 (PRIMEZONE) -- Murray, Frank & Sailer LLP has filed a class action lawsuit in the United States District Court for the District of Connecticut, on behalf of shareholders who purchased or otherwise acquired the securities of Host America Corporation ("Host America" or the "Company") (Nasdaq:CAFE) between July 12, 2005 and July 22, 2005, inclusive (the "Class Period"). Murray, Frank & Sailer LLP is seeking to pursue remedies under the Securities Exchange Act of 1934 against defendants Host America, EnergyNSync, Geoffrey Ramsey, David Murphy, Roger Lockhart, and Peter Sarmanian.
ACME Communications Announces Agreement to Sell KUWB-TV In Salt Lake City to Clear Channel Communications
SANTA ANA, Calif., Aug. 8, 2005 (PRIMEZONE) -- ACME Communications, Inc. (Nasdaq:ACME) announced today it has signed a definitive agreement to sell KUWB-TV in Salt Lake City, Utah to Clear Channel Communications for $18.5 million in cash. The sale is expected to close in the fourth quarter of 2005, pending FCC approval. In conjunction with this transaction, ACME and Clear Channel have signed a shared services agreement whereby the two companies will co-manage the sale of advertising for KUWB. The shared services agreement is effective immediately.
NetMusic Entertainment Corporation
NetMusic Secures Financing Package Commitment for Growth and Licensing Opportunities
SEATTLE, Aug. 8, 2005 (PRIMEZONE) -- NetMusic Entertainment Corporation (Pink Sheets:NTMT) announced today that the company has received a commitment from a private investor to provide a financing package to the company. The commitment, in two parts, will initially provide the company with the capital to grow current operations and pursue the initiatives critical to achieving profitability. As a second part of the commitment, the investor would provide the company with the capital necessary to obtain new significant licensing opportunities, including those from major recording companies and film studios, all of which typically require some type of advance fee and or prepayment. The company stated it expects to close on the first part of the commitment by mid August.
SimpleTech Announces Second Quarter 2005 Results Exceed Previous Guidance
SANTA ANA, Calif., Aug. 8, 2005 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, manufacturer and marketer of custom and open-standard memory and storage solutions based on Flash memory, DRAM and hard disk drive technologies, today announced its financial results for the second quarter ended June 30, 2005.
SimpleTech Acquires Memtech -- an Ultra-Rugged Solid State Flash Drive Provider
SANTA ANA, Calif., Aug. 8, 2005 (PRIMEZONE) -- SimpleTech, Inc.(r) (Nasdaq:STEC), a designer, manufacturer and marketer of custom and open-standard memory and storage solutions, today announced the acquisition of privately-held Memtech SSD, Corp.(tm) ("Memtech"), a leading provider of ultra-rugged and reliable solid state Flash drives. The acquisition highlights SimpleTech's commitment to the OEM Flash market and creates one of the most comprehensive offerings of solid state drives ("SSDs") and other Flash-based solutions for industrial and military applications. SimpleTech will leverage its resources to integrate Memtech's engineering and manufacturing functions, and will continue to market and sell Memtech Flash products under the Memtech brand. As a result, Memtech's customers will have access to one of the broadest industrial Flash product portfolios and advanced engineering design expertise.