latest news releases from the newsroom
Fresh America Corp. Announces Results of Special Meeting of Shareholders Held on December 28 - 29, 2001
ARLINGTON, Texas, Jan. 7, 2002 (PRIMEZONE) -- Fresh America Corp. (OTCBB:FRES), a major North American food distribution company (the "Company"), today announced the results of the Special Meeting of Shareholders that was held on December 28 - 29, 2001. At the meeting, approximately 61.9% of the shareholders of the Company voted in favor and approximately 5.9% voted against Proposal 1, the amendment to the Company's Articles of Incorporation to increase the number of authorized shares of the Company's common stock and to decrease the stated par value of the Company's common stock. As a supermajority of 66.67% of the outstanding shares entitled to vote in person or by proxy at the special meeting was required in order to approve Proposal 1, this proposal did not pass. Approximately 84.6% of the shareholders voted in favor and approximately 15% voted against Proposal 2, the adoption of the Fresh America Corp. 2001 Stock Option Plan. As a majority of the votes cast was required in order to approve Proposal 2, this proposal passed.
Newport Corporation Confirms Fourth Quarter Earnings Per Share on Lower Sales
IRVINE, Calif., Jan. 7, 2002 (PRIMEZONE) -- Newport Corporation (Nasdaq:NEWP) today announced that it expects earnings per share for its fourth quarter ended December 31, 2001 to be slightly better than current analysts' consensus as reported by First Call of a one cent loss. The company also announced that it expects sales for its fourth quarter of 2001 to be approximately 10% below the current analysts' consensus of $56 million. Newport had previously indicated its expectation for breakeven earnings on sales in the range of $55 to $58 million.
Banverket: Green Light for Ikea's Trains to Replace 50 Lorries
STOCKHOLM, Sweden, Jan. 7, 2002 (PRIMEZONE) -- Banverket (the Swedish National Rail Administration) is now giving the green light for Ikea to operate one train per day in each direction over the Oresund Bridge, using the Continental Line in Malmo. The decision means that Ikea will be the first private company in Europe to begin operating its own cross-border freight trains. Ikea's trains will replace 50 lorries per day.
eB2B Commerce, Inc.
eB2B Announces 1-for-15 Reverse Stock Split
NEW YORK, Jan. 7, 2002 (PRIMEZONE) -- eB2B, Inc. (Nasdaq:EBTB), a leading provider of business-to-business transaction management services, announced today a 1-for-15 reverse split of its common stock whereby each 15 shares of common stock will be exchanged for one new share of common stock. The number of shares of common stock underlying the company's preferred stock and other derivative securities will be similarly adjusted. The reverse stock split has a record date of January 10, 2002. For 20 trading days beginning January 10, 2002, the company's stock will trade under the symbol "EBTBD" and thereafter the company's stock will trade under its current symbol "EBTB". Shareholders are not required to physically exchange their current certificates for new ones. However, if certificates are exchanged, certificates will be issued to reflect any fractional share interests.