latest news releases from the newsroom
UTStarcom Investors May Seek Appointment as Lead Plaintiff -- UTSI
NEW YORK, Dec. 10, 2004 (PRIMEZONE) -- According to Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com), which has filed a lawsuit against UTStarcom, Inc. ("UTStarcom" or the "Company") (Nasdaq:UTSI) and eight of the Company's senior executive officers and/or directors, on behalf of all persons or entities who purchased the securities of UTStarcom during the period from April 16, 2003 to September 20, 2004, inclusive (the "Class Period"), investors have until January 14, 2005 to seek appointment by the Court as one of the lead plaintiffs in the action.
Parker Waichman Alonso LLP
Parker & Waichman, LLP and Seeger Weiss LLP Retained by Family of Bextra User Who Died from Toxic Epidermal Necrolysis
NEW YORK, Dec. 10, 2004 (PRIMEZONE) -- Parker & Waichman, LLP and Seeger Weiss LLP have been retained by the family of an 83-year-old man who died as a result of Toxic Epidermal Necrolysis after using Bextra, a popular arthritis medication manufactured by Pfizer Inc. (NYSE:PFE). Toxic Epidermal Necrolysis or TENS is a life-threatening skin condition that causes severe rash, extensive skin peeling and sores on the mucous membranes. Recently, Pfizer Inc. added a black box warning on Bextra's label concerning Toxic Epidermal Necrolysis and Stevens Johnson Syndrome. For more information on side effects related to Bextra please visit www.bextralegalhelp.com or www.yourlawyer.com/practice/contact.htm?topic=Bextra .
Cinema Internet Networks Inc.
CinemaWorks Files Suit Against Former Employees and High Speed Systems Corporation
VANCOUVER, British Columbia, Dec. 10, 2004 (PRIMEZONE) -- Cinema Internet Networks Inc. (d.b.a. "CinemaWorks") (TSX Venture Exchange:CWK)(Pink Sheets:CWKNF), a Canadian provider of Internet equipment and services specializing in the international hospitality market, has filed suit (Action No. SO43726) against High Speed Systems Corporation and its shareholders, Jim Porter, Dan Melanson and Steve Johnston who are former employees of CinemaWorks.
Nicodrops Featured on CEO Webcast
LA MESA, Calif., Dec. 10, 2004 (PRIMEZONE) -- Nicodrops, Inc. (Pink Sheets:NCDP), announced today that Chris Calpito, CEO of Nicodrops, Inc., has conducted a CEO Webcast so that NCDP shareholders and the investment community can learn more about the current and future prospects of Nicodrops, Inc. The webcast is conducted by Evergreen Marketing, Inc. and will be available on Tuesday, December 14th to the general public on The Green Baron Investors Society's website at www.TheGreenBaron.com.
Portrush Petroleum Corp.
Portrush Petroleum: Cranberry/Botha Update
VANCOUVER, British Columbia, Dec. 10, 2004 (PRIMEZONE) -- Portrush Petroleum Corp. (OTCBB:PRRPF) (TSX Venture Exchange:PSH): Technical evaluation of the Cranberry/Botha prospect in northwest Alberta is underway by the farmee. A decision to re-enter an existing well and/or complete the drilling of an additional well will be made in the coming weeks. It is anticipated significant field work will be undertaken this winter drilling season. An aggressive development program would follow a successful well completion.
Oneida Ltd. Announces Financial Results for Third Quarter and Nine Months Ended October 30, 2004
ONEIDA, N.Y., Dec. 10, 2004 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEI) today announced financial results for the third quarter and nine months ended October 30, 2004. Consolidated revenues for the third quarter were $102.2 million, compared to $117.5 million in the third quarter a year ago. This quarter's results included only one month of operations from Encore Promotions, Inc., a subsidiary that was sold on August 27, 2004. Third quarter revenues excluding Encore totaled $99.7 million, versus $109.7 million in the prior year on a comparable basis.
Summit Entertainment Group Inc.
Summit Acquires G.K. Enterprises
TOMBALL, Texas, Dec. 10, 2004 (PRIMEZONE) -- Summit Entertainment Group (Pink Sheets:SETG) is proud to announce the finalization of terms to acquire G.K. Enterprises Inc., a Texas-based marketing and promotional apparel company with over 10 years of experience and a customer base exceeding 10,000 clients world wide. G.K. Enterprises is helmed by CEO G. Kemp and boasts a global clientele with major outlets in Japan, Canada, Mexico, China and the United States.