latest news releases from the newsroom
Marine Jet Technology Corp.
Marine Jet Technology Corp. Announces Completion of Exchange Transaction With Antik Denim, LLC
LOS ANGELES, April 29, 2005 (PRIMEZONE) -- Marine Jet Technology Corp. (OTCBB:MJET) ("Marine") today announced it has completed its exchange transaction with Antik Denim, LLC ("Antik"), a company formed in September 2004 to design, develop, manufacture, market, distribute and sell high end fashion jeans, apparel and accessories with a western flair under the "Antik Denim" brand. Effective as of the closing, Antik became the wholly-owned subsidiary of Marine. As a result of the closing, the historical business operations of Antik will comprise Marine's principal business operations going forward.
Kirby McInerney LLP
Kirby McInerney & Squire LLP Announces Settlement of eBay Shareholder Derivative Suit
NEW YORK, April 29, 2005 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP announces that the parties have agreed to settle In re eBay, Inc. Shareholders Litigation, a shareholder derivative action commenced on behalf of eBay (NASDAQ:EBAY). The settlement is subject to the approval of the Delaware Chancery Court, where the action is pending. Under the terms of the settlement, certain officers/directors of eBay, Meg Whitman, Pierre Omidyar, Jeffrey Skoll and Robert Kagle, will collectively pay $3 million to eBay. Additionally, Goldman Sachs Group, Inc. (NYSE:GS), eBay's investment banking firm, will pay $395,000 to eBay. Plaintiffs believe that the proposed settlement is fair and beneficial to eBay and its shareholders. Kirby McInerney & Squire, LLP is co-lead counsel for the plaintiff shareholders in the lawsuit.
Donovan Axler, LLC
Donovan Searles, LLC Announces Filing of Shareholder Class Action Against BearingPoint, Inc. -- BE
PHILADELPHIA, April 29, 2005 (PRIMEZONE) -- The law firm of Donovan Searles, LLC, has filed a class action lawsuit in the United States District Court for the Eastern District of Virginia on behalf of all purchasers of BearingPoint, Inc. securities between August 14, 2003 and April 20, 2005, inclusive (the "Class Period"). The lawsuit was filed against BearingPoint, Inc. ("BearingPoint" or "the Company") (NYSE:BE), certain former officers, and BearingPoint's outside auditor, PricewaterhouseCoopers, LLP. The Complaint, entitled Sutton v. Bearing Point, Inc. et al., asserts claims for violations of the federal securities laws, as described below.
Creative Eateries Corporation
UltraGuard Changes Business Model
VANCOUVER, British Columbia, April 29, 2005 (PRIMEZONE) -- UltraGuard Water System Corp. (OTCBB:UGRD) announces they have signed a Consulting Agreement with American Restaurant Development Company (American Restaurant) to identify opportunities in the Restaurant Franchising Industry.
Tubac Holdings, Inc. Utilizes Innovative Network Marketing Approach
TUBAC, Ariz., April 29, 2005 (PRIMEZONE) -- Tubac Holdings, Inc. (Pink Sheets:TBAH), a holding company dedicated to enabling emerging businesses to succeed in the public marketplace, announced that affiliate Chef Selections, Inc. will utilize an innovative network marketing approach to sell its world class gourmet/specialty food products. Running a nationwide marketing organization of highly motivated independent distributors taps into the whitehot business trend of network marketing, a $150 billion industry that is growing 20% per year.