latest news releases from the newsroom
Abrams Hospitality Marketing
Star of Business TalkRadio Network's 'Travel WITH Stephanie Abrams!' Features Favorite Destinations on Tree Displayed at Berkshire Museum's Festival of Trees
NEW YORK, Dec. 20, 2004 (PRIMEZONE) -- Where will you find travel expert Stephanie Abrams, Astronaut John Glenn, and Steinway Piano's patriarch, Henry Z. Steinway, along with views of the Arctic Ocean, Taiwan, Boston's Charles Street Inn and Williamstown, Massachusetts' The Orchards Hotel? Check out The Festival of Trees at Pittsfield, Massachusetts' Berkshire Museum, where you'll find the creation of the star of "Travel WITH Stephanie Abrams!", the syndicated radio show heard Sundays weekly coast-to-coast on the Business TalkRadio(tm) Network, in the 7pm to 9pm EST timeslot. Abrams' entry in the Festival of Trees, which runs through the end of December, features her favorite destinations worldwide, which aptly fits the museum's theme this year, "Around the World."
Flint Telecom Group, Inc.
Semotus Solutions and Software Spectrum Launch Reseller Partnership
LOS GATOS, Calif., Dec. 20, 2004 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), an innovative leader of software solutions for mobile enterprise applications, today announced that Software Spectrum has signed an agreement and joined the HipLinkXS Reseller program. Software Spectrum is the largest software reseller in the world, offering global business-to-business software solutions to over 8,000 customers spanning more than 114 countries.
ProAct IT Group
Proact IT Group Sells its Swiss Subsidiary
STOCKHOLM, Sweden, Dec. 20, 2004 (PRIMEZONE) -- Proact IT Group AB (publ) has decided to focus their efforts on the Nordics and the Baltic states and has accepted an offer from the management team at Proact Datasystems AG, the subsidiary in Switzerland.
Gunnebo to Distribute and Float Gunnebo Industrier in 2005
STOCKHOLM, Sweden, Dec. 20, 2004 (PRIMEZONE) -- The Board of Gunnebo AB has decided to recommend the AGM in 2005 that Gunnebo Industrier (currently the Gunnebo Engineering division) be distributed and separately listed on the stock market. The intention is to distribute all the shares in Gunnebo Industrier free of charge to Gunnebo's shareholders. This would enable Gunnebo to concentrate its business on security with focus on profitable growth. A separate listing for Gunnebo Industrier would improve its growth potential. Both Gunnebo and Gunnebo Industrier would have a strong financial position after the flotation of Gunnebo Industrier.
AB Volvo announces repurchase of 300,000 B shares and 15,000 A shares
GOTEBORG, Sweden, Dec. 20, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Friday, December 17, acquired 300,000 series B shares. The shares were traded between SEK 263.50 and 267.00 with an average price of SEK 264.98. And has acquired 15,000 series A shares. The shares were traded between SEK 253.00 and 256.50 with an average price of SEK 254.30.
Connecticut Office of Scott + Scott, LLC Filed Lawsuits Against Star Gas, LP and Will File Lead Plaintiff Papers on Monday -- SGH, SGU
COLCHESTER, Conn., Dec. 19, 2004 (PRIMEZONE) -- Scott + Scott, LLC has filed complaints charging Star Gas (NYSE:SGU) or (NYSE:SGH) and certain of its officers and directors (Irik P. Sevin and Amy Trauber) with violations of the Federal Securities Laws (Securities Exchange Act of 1934). Star Gas is a holding company for regulated utilities and other unregulated businesses. The initial complaint on file had a date beginning with securities' purchasers of 12/4/03 (the complaint Scott + Scott, LLC filed for other counsel has an initial opening period of July 25, 2000. Upon appointment of lead plaintiff and the filing of an amended complaint, this issue will be resolved in the best interest of the damaged class as defined at that time.). For more information please e-mail attorney Neil Rothstein at firstname.lastname@example.org (or immediate contact at 619/251-0887) or see the end of this release for additional contact information.
The Pomerantz Firm Files Securities Class Action Suit Against GeoPharma, Inc. -- GORX
NEW YORK, Dec. 18, 2004 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit against GeoPharma, Inc. ("GeoPharma" or the "Company") (Nasdaq:GORX) and two of the Company's senior officers, on behalf of all persons or entities who purchased the securities of GeoPharma on December 1, 2004 (the "class period"). The case was filed in the United States District Court, Southern District of New York.
Scott + Scott, LLC Retirement Plan Participant Lawsuit Alleges That Marsh & McLennan Breached Fiduciary Duties Owed to Current and Former Employees -- MMC
COLCHESTER, Conn., Dec. 18, 2004 (PRIMEZONE) -- Scott + Scott, LLC has filed a class action lawsuit on behalf of participants and beneficiaries of the Marsh & McLennan Companies (NYSE:MMC) Stock Investment Plan. The lawsuit has been filed to recover losses that current and former Marsh employees have suffered in their retirement accounts. Marsh plans to slash 3,000 jobs at the company, or 5% of its work force. The job cuts are due in large part to Marsh's involvement in a bid-rigging scandal with insurance companies. The lawsuit has been filed in the United States District Court for the Southern District of New York. If you wish to discuss your rights, please call 800-404-7770 (EST) or 800-332-2259 (PST) or email (MarshERISALitigation@scott-scott.com or email@example.com). The firm continues to investigate on an ongoing basis. As part of a group, any employee can do this on a confidential basis and participate in the litigation at their own discretion. It is unlawful for Marsh & McLennan to take any retaliatory action against any employee who chooses to participate in the suit. Individual clients have already expressed interest in leading this litigation.