latest news releases from the newsroom
Wolf Popper LLP
Wolf Popper Files Securities Fraud Class Action Against Syncor Corp. -- SCOR
NEW YORK, Nov. 14, 2002 (PRIMEZONE) -- Wolf Popper LLP has filed a securities fraud lawsuit against Syncor International Corp. (Nasdaq:SCOR) on behalf of persons who purchased Syncor common stock during the period March 30, 2000 through and including November 5, 2002. The plaintiff alleges in the action that during the Class Period, Syncor and certain of its senior officers and directors issued a series of press releases and SEC filings trumpeting significant sales growth in Syncor's international business, and that defendants knew or recklessly disregarded that those statements were materially false and misleading in that they failed to disclose that the individual defendants were making illegal payments to Syncor's overseas customers.
Addition to the Proha Plc Interim Report For The Period January 1 - September 30, 2002
HELSINKI, Finland, Nov. 14, 2002 (PRIMEZONE) -- Proha Plc: the changes made in the Helsinki Stock Exchange's rules of other public trading on 1-09-2002 require that, on certain conditions, a publicly held company is to include in its interim report a well-founded opinion on the adequacy of assets available to the company. This kind of statement was missing from Proha's interim report for the period January-September 2002.
Oneida Ltd. Reports 2002 Third Quarter Earnings
ONEIDA, N.Y., Nov. 14, 2002 (PRIMEZONE) -- Oneida Ltd. (NYSE:OCQ) today announced 2002 third fiscal quarter earnings of $ 0.10 per share, with net income of $1.6 million on sales of $124.2 million for the three months ended October 26, 2002.
Arete Industries, Inc.
Arete Industries, Inc. Initiates Variable Rate Bond Financing for Acquisitions, Operations
BOULDER, Colo., Nov. 14, 2002 (PRIMEZONE) -- Arete Industries, Inc. (OTCBB:ARET) announced today that the Company signed a financial consulting agreement with its affiliate, Eagle Capital Funding Corp. to pursue a Variable Rate Bond Finance program to raise approximately $10 to $20 Million for the Company's operations and to fund initial projects under its acquisition and dividend spin-off program. Eagle's program represents an innovation in financing for small public companies and the ultimate structure and the feasibility of the program will be confirmed as the project progresses in the upcoming weeks. Eagle and the Company will begin the documentation and underwriting process in earnest with a goal to complete the financing in January 2003.
Svenska Spel Chooses Boss Media
STOCKHOLM, Sweden, Nov. 14, 2002 (PRIMEZONE) -- AB Svenska Spel, Scandinavia's biggest gaming company, is deepening its links with gaming system supplier Boss Media. Boss Media (Other OTC:BMDIF), which supplies systems for digitally-distributed gaming entertainment, has built Svenska Spel's Internet casino -- www.casinocosmopol.se -- where players from all over Sweden can try out Roulette, Black Jack and lots of other casino games. Now Boss Media has been chosen for the prestigious task of developing digital scratch cards, lotteries and other quick games -- primarily for the Internet, but the cooperation may be extended to include other digital channels such as mobile telephones and digital TV.