latest news releases from the newsroom
Heartland Inc. To Acquire Ohio Mulch Inc.
PLYMOUTH, Minn., Dec. 9, 2004 (PRIMEZONE) -- Heartland Inc. (OTCBB:HTLJ) announced that it has entered into a definitive agreement to acquire Ohio Mulch Inc.(www.ohiomulch.us) for $4 million cash plus stock. The acquisition is expected to close within 60 days, and it will add $23 million in sales with an approximate gross profit of $1.2 million to Heartland's bottom line.
Scott + Scott, LLC Represents Many Union And Non-Union Employees In Filing Of Class Action Lawsuit To Protect Retirement Benefits As Merck Warns Of 2005 Earnings -- MRK
COLCHESTER, Conn., Dec. 9, 2004 (PRIMEZONE) -- Scott + Scott, LLC (e-mail MerckERISALitigation@scott-scott.com or email@example.com ), which has filed a class action lawsuit on behalf of participants and beneficiaries of the Merck & Co., Inc. (NYSE:MRK) Savings and Security Plan and the Employee Stock Purchase and Security Plan, states that Merck announced on Wednesday that it was lowering its profit forecasts for next year because of the withdrawal of Vioxx and the upcoming loss of patent protection for Zocor, the company's best-selling drug. The company said that 2005 earnings per share would be $2.42 to $2.52 below Wall Street expectations and a drop of up to 8 per cent from the $2.59 to $2.64 expected this year.
Optio Software, Inc.
Optio Software Reports Third Quarter Results
ALPHARETTA, Ga., Dec. 9, 2004 (PRIMEZONE) -- Optio Software (OTCBB:OPTO), a leading provider of imaging, output and print management solutions that help companies optimize document-driven processes, today announced financial results for its third fiscal quarter ended Oct. 31, 2004.
Labaton Sucharow LLP
Goodkind Labaton Rudoff & Sucharow LLP Files Class Action Lawsuit Against Supportsoft, Inc. -- SPRT
NEW YORK, Dec. 9, 2004 (PRIMEZONE) -- Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on December 9, 2004 in the United States District Court for the Northern District of California, on behalf of persons who purchased or otherwise acquired publicly traded securities of Supportsoft, Inc. ("Supportsoft" or the "Company") (Nasdaq:SPRT) between January 20, 2004 and October 1, 2004, inclusive, (the "Class Period"). The lawsuit was filed against Supportsoft and Radha R. Basu and Brian M. Beattie ("Defendants").
The Man Music History Has Forgotten -- New Book: A Riveting Biography of KISS's Theatrical Creator
TEMPE, Ariz., Dec. 9, 2004 (PRIMEZONE) -- In 1966, a young hippie named Sean Delaney arrived in New York City and checked into the YMCA with two dollars in his pocket. Years later, he became one of the top ten record producers in the music industry, and was in part responsible for signing a little-known band to their first six-month contract. The band was KISS, and the rest became history that had forgotten his presence until the day he died. In the highly anticipated new book, HELLBOX, author Bryan J. Kinnaird chronicles Sean Delaney's journey, a pilgrimage that epitomized a radical lifestyle, and spanned over a broad spectrum of events leading to the creation of KISS.
Quanex Building Products Corporation
Quanex Corporation Announces the Purchase of Mikron Industries
HOUSTON, Dec. 9, 2004 (PRIMEZONE) -- Quanex Corporation (NYSE:NX), an industry-leading manufacturer of value-added engineered materials and components serving the vehicular products and building products markets, today announced the closing of the stock purchase of privately held Mikron Industries, for $205 million in cash. Quanex financed the acquisition by borrowing against its $310 million revolving credit facility.
Digital Descriptor Systems Inc.
Digital Descriptor Systems Inc. Launches Growth Plan
SEA GIRT, N.J., Dec. 9, 2004 (PRIMEZONE) -- Digital Descriptor Systems Inc. (Pinksheets:DDSI) has announced the first step of a growth plan which includes potential acquisitions and simultaneous debt restructuring. A new financing agreement was closed effective November 30, 2004, with an institutional investor. The terms of the $3.5 million agreement allow funds to be used for specific acquisitions, as well as restructuring over $500,000 of previously incurred debt under more favorable terms. Any additional cash, net of applied expenses, will be available for operations improvement.