latest news releases from the newsroom
Gasel Transportation Lines, Inc.
Gasel Transportation Lines, Inc. Reports Third Quarter 2003 Results and Redevelopment Status
MARIETTA, Ohio, Nov. 26, 2003 (PRIMEZONE) -- Gasel Transportations Lines, Inc., (OTCBB:GSEL) currently operating as a debtor in possession under Chapter 11 Reorganization, today announced results for fiscal third quarter 2003. For the three months ended September 30, 2003, freight income revenue totaled $3,303,539 and training school revenue was $109, 750 for combined revenue of $3,413,289, representing a 3.09% decline from prior year combined revenue of $3,522,063. Combined revenue for the nine month period ended Sept. 30, 2003 of $10,453,844 was 7% lower than the $11,257,485 recorded for the same period one year prior. The revenue decline is largely a result of the Company's downward fleet size that was adjusted to meet depressed freight demand commensurate with the sluggish domestic economy over the past year, particularly in manufacturing and "dry freight" sectors.
Penn's Landing Corporation
There's More to Do at the Blue Cross RiverRink than Just Skate!
PHILADELPHIA, Nov. 26, 2003 (PRIMEZONE) -- Everyone knows that the Blue Cross RiverRink at Festival Pier is THE place for outdoor ice skating in the Delaware Valley, but it's also the place to be for a variety of activities all winter long. From December through February, the Blue Cross RiverRink will host one special event every month that appeals to the young and the young at heart. All special events except New Year's Eve Party on Ice are free.
iMedia International, Inc.
iMedia Releases Fall Edition of Digital Magazine
SANTA MONICA, Calif., Nov. 26, 2003 -- (PRIMEZONE) iMedia International, Inc. (Pink Sheets:IMNL) today announced the distribution of its holiday edition of Hollywood Previews(tm) Entertainment Magazine. The company's showcase publication was distributed via poly-bag, placing the disc magazine on the front cover of four major Sunday newspapers in the top three national markets: Los Angeles, Chicago and New York.
QLogic Executives to Present at Credit Suisse First Boston Annual Technology Conference
ALISO VIEJO, Calif., Nov. 26, 2003 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that H.K. Desai, president, chairman and CEO, and Frank Calderoni, senior vice president and CFO, will be presenting at the Credit Suisse First Boston Annual Technology Conference held at The Phoenician in Scottsdale, Arizona on Tuesday, December 2. The presentation is expected to begin at 11:00 a.m. Mountain Time.
Penn's Landing Corporation
Penn's Landing Welcomes Army / Navy to Philadelphia's Waterfront
PHILADELPHIA, Nov. 26, 2003 (PRIMEZONE) -- This year's Army/Navy game marks the 104th edition of the interservice rivalry, and the 77th game to be played in Philadelphia. The sold-out game will be surrounded with several days of free activities for fans and Philadelphians, allowing everyone to share in the excitement of this tradition. Penn's Landing Waterfront business and partners have joined together to offer special discounts and events, culminating in a Fireworks extravaganza on Saturday December 6, 2003 at 9:30 p.m.
Northrop Grumman Corp.
U.S. Navy Awards $816.6 Million New York (LPD 21) Contract to Northrop Grumman
PASCAGOULA, Miss., Nov. 26, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) today announced that the U.S. Navy has awarded the company an $816.6 million contract for construction of New York (LPD 21), the fifth ship in the 12-ship LPD 17 series of San Antonio-class amphibious transport dock ships. New York will be built at Northrop Grumman Ship Systems' Avondale Operations in New Orleans, with fabrication support from three other company facilities in Pascagoula and Gulfport, Miss., and Tallulah, La.
Brower Piven, A Professional Corporation
Law Offices Of Charles J. Piven, P.A. Announces the Filing of a Class Action Suit Against Fred Alger Management, Inc. and Others on Behalf of Purchasers of the Shares or Units of The Alger Family of Funds -- ALSCX, ABIRX, ASRGX, SPEAX
BALTIMORE, Nov. 26, 2003 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of shares of the Alger Funds family of funds (the "Alger Funds") during the period between November 1, 1998 and September 3, 2003, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934, the Securities Act of 1933 and the Investment Advisers Act of 1940.