latest news releases from the newsroom
ADVA Optical Networking
Ad Hoc: ADVA Optical Networking Acquires Movaz Networks
MARTINSRIED/MUNICH, Germany and MAHWAH, New Jersey, June 5, 2006 (PRIMEZONE) -- ADVA Optical Networking today announced the signing of a definitive agreement to acquire privately-held Movaz Networks Inc. Movaz is a leading Wavelength Division Multiplexing (WDM) equipment provider founded in 2000 and based in Atlanta, Georgia, USA. The Movaz RAYTM product line is a portfolio of WDM transport and Reconfigurable Optical Add-Drop Multiplexing (ROADM) solutions that economically scale from small metro core to regional networks as large as 2,000 km.
Sempra Energy Awards More Than $200,000 in Scholarships
SAN DIEGO, June 5, 2006 (PRIMEZONE) -- Sempra Energy today announced it has awarded more than $200,000 in scholarships to 33 children of its employees. The annual scholarship program is part of the company's commitment to furthering education in the communities in which it does business.
Aveta Files Amended S-1 Registration Statement With SEC for Offering of Common Stock Issued in Private Placement
NEW YORK, June 5, 2006 (PRIMEZONE) -- Aveta Inc., one of the largest companies focusing on Medicare Advantage and a leader in addressing the healthcare needs of the chronically ill, announced today that it has filed Amendment No. 1 to its Form S-1 Registration Statement previously filed with the U.S. Securities and Exchange Commission (SEC) on April 11, 2006 and relating to the private placement offering of 28.8 million shares of common stock pursuant to an exemption from the registration requirements of the Securities Act of 1933 as amended. The sale of 28.8 million common shares was completed on December 29, 2005. The company's amended Form S-1 registration statement is available on the SEC website at www.sec.gov.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Investigation of Companies Related to the Back-Dating of Stock Option Grants -- UNH
BALA CYNWYD, Pa., June 5, 2006 (PRIMEZONE) -- The law offices of Brodsky & Smith, LLC announces that a lawsuit has been filed against certain officers and directors of UnitedHealth Group (NYSE:UNH) relating to allegations that the defendants manipulated the price of certain stock option grants. The lawsuit contends that such stock option grants allowed the defendant executives to earn millions of dollars that rightfully belong to UnitedHealth Group. Presently, Brodsky & Smith, LLC is investigating certain companies which are either under investigation by the Internal Revenue Service (IRS), Securities and Exchange Commission (SEC) and/or the United States Department of Justice (DOJ), have announced their own internal investigation or where media reports have raised questions regarding this type of conduct. These companies include:
Cornell Companies, Inc.
Cornell Retains Financial Advisor
HOUSTON, June 5, 2006 (PRIMEZONE) -- Cornell Companies, Inc. (NYSE:CRN) announced today that it has retained a financial advisor to assist the Company in its analysis and consideration of a range of strategic alternatives to maximize shareholder value. The Company does not intend to make further announcements on the status or results of the assessment process unless and until the Company has made definitive decisions on its future strategic direction. No assurance can be given that any transaction will be pursued or, if a transaction is pursued, that it will be consummated.
InRob Tech Ltd.
InRob Tech Ltd. to Deliver $3,000,000 of its Remote Controlled Weapon Stations
LAS VEGAS, June 5, 2006 (PRIMEZONE) -- InRob Tech Ltd. (OTCBB:IRBL), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGVs), today announced the completion of the testing phase of its remote controlled weapon station (RCWS), driving InRob Tech Ltd. towards the completion of a $3 million sales contract to India.