latest news releases from the newsroom
Stull, Stull & Brody, Los Angeles
Stull, Stull & Brody Announces Class Action Lawsuit Filed on Behalf of all Persons who Purchased HPL Technologies, Inc. Common Stock Between October 2, 2001 and July 19, 2002 -- HPLAE
LOS ANGELES, Aug. 2, 2002 (PRIMEZONE) -- Stull, Stull & Brody announced that it has filed a class action complaint on behalf of all persons who acquired HPL Technologies, Inc. (Nasdaq:HPLAE) securities between October 2, 2001 and July 19, 2002, inclusive (the "Class Period"). The complaint charges that HPL Technologies ("HPL" or the "Company") and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
New Wave Group
New Wave Group has Acquired the Lensen Group /Toppoint in the Netherlands
STOCKHOLM, Sweden, Aug. 2, 2002 (PRIMEZONE) -- Today, New Wave Group has acquired shares corresponding to 75 % of the capital and votes in Lensen Beheer B.V. through the holding company Toppoint Nederland B.V. The remaining shares will be owned by the management in Lensen Beheer B.V., with a option right for New Wave Group to acquire these remaining shares after the end of the year 2005 for a purchase sum based on result. The acquisition does not include Lensen Group's former stationery activities, which were sold by Lensen Beheer B.V. to the seller before New Wave Group's acquisition.
InternetStudios Becomes Fully Reporting and Compliant with the SEC and NASD
SANTA MONICA, Calif., August 2, 2002 (PRIMEZONE) -- InternetStudios.com, Inc. (Pink Sheets:ISTO), the leading provider of web-based solutions for the entertainment industry, announced today the filing of the Q1 2002 10Q. The company has been advised that it is now fully reporting and compliant with all applicable regulatory bodies and it is now eligible to be listed on the NASD OTCBB. Robert McLean, Chairman of InternetStudios commented, "We are now in a position to enter into meaningful discussions with the investment community again. In the short term, management will be announcing the corporate goals and strategy through year-end. It is a very exciting time to be in a position to make deals in the Entertainment Media space."
Flamemaster Reports a 26.5% Revenue Gain and Net Earnings Per Share of $.13 for the Quarter Ended June 30, 2002
SUN VALLEY, Calif., Aug. 2, 2002 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) today reported net income of $182,702 or $.13 per share on revenues of $1,385,388 for the quarter, compared to net of $152,275 or $.10 per share on revenues of $1,094,062 in the year earlier period. Sales from operations expanded to $1,329,107 in the quarter from $1,005,399 in the prior year.