latest news releases from the newsroom
American Energy Production Inc.
American Energy Partners Inc. Announces Letter of Intent
SAN ANTONIO, Texas, June 17, 2002 (PRIMEZONE) -- American Energy Partners Inc. (OTCBB:AMEP) today announced that the Company has signed a Letter of Intent with Texas oil operator Proco Operating Co. Inc. to purchase all oil and gas leases and related oil field equipment for stock and notes to be negotiated in the final sales agreement. These oil and gas leases cover 3,000-plus acres and have a long history of production from several producing horizons. Proco Operating Co. Inc. will become a wholly owned subsidiary of American Energy Partners Inc. The Marble Falls formation on the property still contains proven oil reserves of 2,400,000 barrels and 3 billion cubic feet of natural gas.
The Pomerantz Firm Files Suit Against Merrill Lynch and Henry Blodget on Behalf of Investors of 24/7 Real Media, Inc. -- TFSM
NEW YORK, June 17, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross (www.pomerantzlaw.com) has filed a class action charging Merrill Lynch & Co., Inc. ("Merrill Lynch") (NYSE:MER) and its former Internet research analyst Henry M. Blodget ("Blodget") with issuing false and misleading analyst reports about 24/7 Real Media, Inc. ("24/7" or the "Company") (Nasdaq:TFSM). The case was filed on behalf of investors who purchased the common stock of 24/7 during the period from February 18, 2000 through November 9, 2000, inclusive (the "Class Period").
International Environmental Award to Volvo's Foundry
GOTEBORG, Sweden, June 17, 2002 (PRIMEZONE) -- WFO, the World Foundrymen Organization, has chosen to present Volvo's (Nasdaq:VOLVY) foundry in Skovde, Sweden with its newly instituted "Environmental Award 2002" for the development of a new casting process that contributes to a reduced environmental impact from production as well as from the completed truck engines.
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc.: Preliminary Results of Dutch Auction Tender Offer
WICHITA, Kan., June 17, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. ("Lone Star") (Nasdaq:STAR) today announced the preliminary results of its modified Dutch auction tender offer, which expired at Midnight on June 14, 2002. Lone Star commenced the tender offer on May 17, 2002 to purchase up to 4,000,000 shares of its common stock at a price between $20.50 and $22.50 per share, net to the seller in cash, without interest.
CardioDynamics International Corporation
CardioDynamics Announces Second Quarter 2002 Conference Call and Webcast
SAN DIEGO, June 17, 2002 (PRIMEZONE) -- CardioDynamics (Nasdaq:CDIC), the innovator and market leader of Impedance Cardiography (ICG) technology and manufacturer of BioZ(r) noninvasive digital cardiac function monitoring systems, has scheduled a conference call and Internet webcast for Thursday, June 20, 2002 at 9:00 a.m. EST to discuss the Company's financial results for the second quarter 2002 with security analysts and institutional investors. The call will be hosted by CardioDynamics' Chief Executive Officer Michael K. Perry and Chief Financial Officer Steve P. Loomis. A press release announcing second quarter 2002 results will be released pre-market on June 20, 2002.