latest news releases from the newsroom
Snowfield Development Corp
Snowfield to Acquire 80% Interest in the Hurcomb Claim
VANCOUVER, British Columbia, Aug. 26, 2002 (PRIMEZONE) -- Snowfield Development Corp. (Snowfield) (TSX Venture Exchange:SNO) is pleased to announce that it has entered into a Letter of Intent Agreement with Ms. Fran Hurcomb (Hurcomb) whereby Snowfield can earn an 80% interest in the Hurcomb Mineral Claim, Claim Tag # F16594, located 10 km southeast of the Drybones Bay diamondiferous kimberlite pipe. The Hurcomb claim covers an area of 2,582.5 acres and the entire claim has been flown with an airborne magnetometer survey at 100-metre line spacing. This survey has identified 15 discrete geophysical bull's eye targets, one of which is comparable to the geophysical signature obtained over the Drybones Bay kimberlite pipe. It is Snowfield's intention to immediately re-fly the Hurcomb area using an airborne electromagnetic system.
Hoenig Group Inc. Shareholders Approve Merger With Investment Technology Group, Inc.
RYE BROOK, N.Y., Aug. 26, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) and Investment Technology Group, Inc. (NYSE:ITG) announced that Hoenig Group shareholders voted to approve the agreement and plan of merger with ITG at today's special meeting of shareholders, with 75.3% of shares voting. The results of the vote were as follows: 6,034,464 shares in favor and 1,300 shares against, with 600 shares abstaining. The merger is expected to be completed on or about September 3, 2002, subject to the satisfaction of customary closing conditions.
Frontline Ltd. Dividend
HAMILTON, Bermuda, Aug. 26, 2002 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) today announced that in reference to the second quarter results, published Friday 23rd August, 2002. To comply with New York Stock Exchange's regulations and requirements we herewith confirm that the dividend for second quarter 2002 is nil.
Volvo's Truck Deliveries -- July 2002
GOTEBORG, Sweden, Aug. 26, 2002 (PRIMEZONE) -- Deliveries from Volvo's truck operations, which includes Volvo Trucks, Mack Trucks, Inc., and Renault Trucks increased by 29% for the month of July, compared with the same month last year. On a year-to-date basis, deliveries amounted to 89,776 trucks compared with 91,872 trucks for the same period last year, a decrease of 2 %. In Europe, deliveries declined by 5 % to 54,943 while North America declined with 3% to 21,244 trucks compared with the same period last year.
Berger & Montague PC
Berger & Montague, P.C. Sues Eclipsys Corporation And Certain of Its Officers On Behalf of Purchasers of Common Stock Between July 23, 2001 and June 27, 2002 -- ECLP
PHILADELPHIA, Aug. 26, 2002 (PRIMEZONE) -- On July 26, 2002, the law firm of Berger & Montague, P.C. (http://www.bergermontague.com) filed a class action suit against Eclipsys Corporation, ("Eclipsys") (Nasdaq:ECLP) and its Chief Executive Officer, who is also a director, its Chief Financial Officer and its Chief Operating Officer in the United States District Court for the Southern District of Florida, Civil Action No. 02-80697 on behalf of all persons or entities who purchased Eclipsys common stock between July 23, 2001 and June 27, 2002, inclusive (the "Class Period").
Lufthansa Order Zonal Drying System for a B747-400 Ex-Combi Aircraft
STOCKHOLM, Sweden, Aug. 26, 2002 (PRIMEZONE) -- Lufthansa Technik has ordered CTT's Zonal Drying TM System for evaluation in one (1) of Lufthansa's B747-400 ex-combi aircraft. After successfully performed In-Service evaluation Lufthansa will have the option to equip their remaining six (6) B747-400 ex-combi aircraft with CTT's de-humidification system.