latest news releases from the newsroom
Bright Star Ventures Ltd.
Bright Star Outlines Gold Palladium Prospect
VANCOUVER, British Columbia, April 9, 2002 (PRIMEZONE) -- Management of Bright Star Ventures Ltd. (CDNX:BSV) is pleased to announce that final review of exploration targets for the 2002 season is now under way on BSV's 12,000 acre (over 20 square miles) Tulameen Platinum Project. Of particular significance, Grasshopper Mountain, where two previous operators have recorded strong platinum values in dunite, is slated to receive intensive exploration to test new theories about the origin of placer platinum nuggets (20,000 oz) found in the Tulameen River and streams draining Grasshopper Mountain.
ZAP Receives Patent for Electric Water Scooter
SEBASTOPOL, Calif., April 9, 2002 (PRIMEZONE) -- Alternative transportation developer ZAP (Nasdaq:ZAPPQ) today announced that it has been granted a design patent for its new electric water scooter called SWIMMY(r).
Ocwen Financial Corp.
Ocwen Launches Investor Reporting Website
WEST PALM BEACH, Fla., April 9, 2002 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN), a residential mortgage loan servicer, launched its revolutionary investor reporting Website today which can be accessed from the Company's home page at www.ocwen.com under Investor Loan Reporting. The investor reporting Website provides Ocwen's servicing clients and investors in public securities serviced by Ocwen with online access to loan portfolio performance information. The Website allows users to access traditional standard reports and create customized reports in order to stratify portfolios and analyze trends. The Website is equipped with a user-friendly "online assistance" feature allowing users to maximize the Website benefits.
Kungsleden Annual General Meeting -- Dividends of SEK 10.50 per Share
STOCKHOLM, Sweden, April 9, 2002 (PRIMEZONE) -- Kungsleden AB (publ) held its Annual General Meeting today, and in accordance with a motion from the Board of Directors, resolved on dividends of SEK 10.50 per share. The record date of April 12, 2002 was adopted, with dividends scheduled for distribution by VPC (the Central Swedish Securities Depository) on April 17, 2002.
Gemstar Improperly Recognized $107 Million in Licensing Revenue, Alleges The Pomerantz Firm -- GMST
NEW YORK, April 9, 2002 (PRIMEZONE) -- Gemstar-TV Guide International, Inc. ("Gemstar" or the "Company") (Nasdaq:GMST) improperly recognized $107.6 million in licensing revenue from cable TV equipment maker Scientific-Atlanta, Inc. ("Scientific-Atlanta") since 1999. Although Scientific-Atlanta stopped making payments to Gemstar beginning in 1999, according to allegations in a Complaint filed by Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com), on behalf of purchasers of the common stock of Gemstar during the period from November 10, 1999 through April 1, 2002, inclusive (the "Class Period). The case was filed in the United States District Court for the Central District of California (Western Division) (Index Number 02-02869). Defendants Gemstar and two of the Company's senior officers are charged with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
PurchasePro Announces Contract With Agere Systems
LAS VEGAS, April 9, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that Agere Systems has signed a software license agreement for PurchasePro e-Source, the industry's most comprehensive strategic sourcing solution and procurement process. The terms of the agreement were not disclosed.