latest news releases from the newsroom
Penn's Landing Corporation
The CCFA Hosts the 8th Annual `Sippin' by the River,' Sunday, September 22 Festival Pier at Penn's Landing
PHILADELPHIA, Aug. 29, 2002 (PRIMEZONE) -- Remember the bright sunshine, the cool waterfront breezes, and the delicious samples of dozens of beers, and a variety of tasty wines? It's that time of year again, the Philadelphia/Delaware Valley Chapter of the Crohn's & Colitis Foundation of America (CCFA) will host its eighth annual Sippin' by the River outdoor wine and beer festival on Sunday, September 22, from 1 p.m. to 5 p.m. at Festival Pier (Columbus Boulevard at Spring Garden Street) on Penn's Landing in Philadelphia.
Ehrenkrantz King Nussbaum
EKN Begins Coverage of MediaBay; Sees $10 Target
GARDEN CITY, N.Y., Aug. 29, 2002 (PRIMEZONE) -- Ehrenkrantz King Nussbaum, an investment boutique specializing in the underwriting of public and privately held securities, is pleased to announce that it has commenced analytical coverage of Cedar Knolls, New Jersey-based MediaBay, Inc. with a strong buy rating and a 12-month target of $10. MediaBay, with shares traded on the Nasdaq National Market under the ticker MBAY, is a dominant provider of spoken audio and nostalgia products, including audio books and classic radio shows.
Exus Networks, Inc.
Exus Networks Reduces Debt by 27%, Satisfies Acquisition Criteria
NEW YORK, Aug. 29, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) announced today that it has reduced debt by 27% as part of an ongoing effort to strengthen its balance sheet, satisfying the restructuring criteria for the previously announced acquisition of the Global Business Development Division (GBD) of New Millennium Development Group (NMDG).
Extraordinary General Meeting of Shareholders of Effnet Group AB
STOCKHOLM, Sweden, Aug. 29, 2002 (PRIMEZONE) -- Effnet Group AB has passed resolutions at the extraordinary general meeting of shareholders held today, in accordance to the board of directors' proposal, to reduce the Company's share premium reserve by SEK 175 million. The resolution was conditional upon approval being obtained by the court in accordance with the stipulations of the Swedish Companies Act.
Muller Media, Inc.
Muller Media Inc., Second Quarter Earnings Meet Projections
NEW YORK, Aug. 29, 2002 (PRIMEZONE) -- Muller Media Inc., (OTCBB:MULM) recently reported a net loss of $ 21,000 for the quarter ended June 30, 2002 versus a net profit of $248,000 for the same quarter a year ago. Net loss for the first six months of 2002 totaled $8,500 versus a net loss of $323,000 same period a year ago. This nearly "break even" status is in line with Company projections.
New CEO and New Company Name for Vicore Pharma AB
STOCKHOLM, Sweden, Aug. 29, 2002 (PRIMEZONE) -- Vicore Pharma AB has appointed Ann-Christin Kvarnstrom as its new CEO. The company has also changed its name to Vicore Pharma from Pharmacore AB. The reason for the name change is that possible confusion could arise with an American firm of a similar name.