latest news releases from the newsroom
City Network 2002 Sales Growth Beats Expectations by 46%
TAIPEI, Taiwan, May 19, 2003 (PRIMEZONE) -- City Network Inc. (OTCBB:CYNW) is pleased to announce that audited results for 2002 are even better than expected. City Network has exceeded its sales estimate of NT$173m (US$4.9m) by 46% to N$253m (US$7.2m). "This is positive proof of the business momentum in the broadband Internet equipment industry, our strong brand name and reputation in the marketplace, as well as the effectiveness of our strategy of internationalization" according to Alice Chen, company spokesperson. "We feel that our growth plan for 2003 is going according to schedule and will represent the best year for the company since its founding in 1994."
Strategic Distribution, Inc.
Strategic Distribution, Inc. Announces Appointment of New CFO
BENSALEM, Pa., May 19, 2003 (PRIMEZONE) -- SDI (Strategic Distribution, Inc.) (Nasdaq:STRD), a leading provider of maintenance, repair and operating (MRO) supply chain management services, today announced that Richard S. Martin will become the new Chief Financial Officer (CFO) of the Company effective today. Mr. Martin most recently served as the CFO of Resource Systems Group.
Lockridge Grindal Nauen P.L.L.P.
Lockridge Grindal Nauen Announces Class Action Lawsuit on Behalf of Investors of Allou Healthcare, Inc. -- ALU
MINNEAPOLIS, Minn., May 19, 2003 (PRIMEZONE) -- Lockridge Grindal Nauen P.L.L.P. announced today that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York, located at 100 Federal Plaza, Central Islip, NY 11722-4438, on behalf of purchasers of Allou Healthcare, Inc. ("Allou Healthcare" or the "Company") (AMEX:ALU) publicly traded securities during the period between June 22, 1998 and April 9, 2003, inclusive (the "Class Period").
Goldman Sachs Charged with Securities Fraud by the Pomerantz Firm on Behalf of Purchasers of Exodus Communications -- GS
NEW YORK , May 19, 2003 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit in the United States District Court for the Southern District of New York, case number 03 CV 3548, against Goldman Sachs & Co. (NYSE:GS) ("Goldman") and its Senior Technology Analyst Matthew Janiga ("Janiga") on behalf of investors who purchased the common stock of Exodus Communications, Inc. ("Exodus" or the "Company") during the period from July 1, 1999 through June 30, 2001, inclusive (the "Class Period").
Northrop Grumman Corp.
United States Postal Service Awards Biodetection Contract to Northrop Grumman
BALTIMORE, May 19, 2003 (PRIMEZONE) -- Following a successful development and test phase, the United States Postal Service (USPS) has awarded Northrop Grumman Corporation's (NYSE:NOC) Security Systems LLC unit a contract to manufacture and integrate biohazard detection systems (BDS) designed to rapidly analyze and detect potential biological threats at postal service mail-sorting facilities nationwide. The contract, which extends from January 2004 to October 2004, has a value of approximately $175 million.
Brower Piven, A Professional Corporation
Law Offices of Charles J. Piven, P.A. Announces Class Action Lawsuit Against J. Jill Group, Inc. -- JILL
BALTIMORE, May 19, 2003 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of J. Jill Group, Inc. (Nasdaq:JILL) between February 12, 2002 and December 4, 2002, inclusive (the "Class Period").