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To: Jim Bishop who wrote (107505)	7/10/2002 5:04:25 PM
From: Taki	Respond to of 150070

OH?MIAMI (Reuters) - A legal watchdog group on Wednesday sued Vice President Dick Cheney and the Halliburton oil services company he once ran, alleging they defrauded shareholders by overstating company revenues. The accounting fraud lawsuit also named as defendants Halliburton's current and former officers and directors and its former accounting firm, Andersen, which audited the company's books until April. The civil lawsuit was filed by Judicial Watch a day after President Bush outlined proposals aimed at stopping the accounting scandals that have rocked U.S. financial markets. In Washington, White House spokesman Ari Fleischer said "the suit is without merit, and that's where it stands." Halliburton's chief financial officer, Doug Foshee, said the claims were "untrue, unsupported and unfounded." Cheney was chief executive of Halliburton, which provides products and services to the energy industry, from 1995 to 2000. The suit alleges he conspired with the other defendants to file false financial statements that misled investors. The company overstated revenues by as much as $445 million over three years, it said. The Securities and Exchange Commission is investigating how the company accounted for cost overruns on construction jobs. "Vice President Cheney broke the law," Larry Klayman, chairman of the Washington-based group said in Miami, where he was on unrelated business. Judicial Watch is an 8-year-old legal foundation that has filed a number of highly publicized lawsuits against government officials. Described by Klayman as "fiercely nonpartisan but conservative," its targets have included former President Bill Clinton , Hillary Rodham Clinton , Janet Reno, the White House, the State Department, the Pentagon , the FBI and the CIA. Not all the suits have been successful, but they have earned Klayman a reputation for bringing sensitive documents to public view and for aggressive promotion in the media. The new suit was filed in U.S. District Court in Dallas, where Halliburton is headquartered, on behalf of two company shareholders. It did not specify how much money the plaintiffs sought. But Klayman said: "We're seeking millions and millions of dollars ... It's to punish the people involved." At issue are long-term construction contracts that allowed Halliburton to negotiate or sue for additional payment if building cost overruns or changes in the construction orders ate into its profits. In 1998, the company changed its accounting procedures and began listing those disputed claims as revenues even though the clients had not agreed to pay them. Judicial Watch said the practice violated generally accepted accounting principles and was aimed at masking losses. It also said shareholders should have been told of the change. The lawsuit said the company listed $98 million of unbilled receivables on its financial statements for 1999, $113 million for 2000 and $234 million for 2001, based on those cost overruns, change orders and unresolved claims. Judicial Watch said the financial statements were "materially false and misleading." Klayman declined to say how many shares the two plaintiffs owned or how much money they lost except that it was "a lot." Halliburton's shares closed down 57 cents, or over 4 percent, at $13.55 on the New York Stock Exchange.

To: Jim Bishop who wrote (107505)	7/10/2002 10:31:46 PM
From: StocksDATsoar	Respond to of 150070

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To: Jim Bishop who wrote (107505)	7/15/2002 12:14:03 PM
From: Jim Bishop	Respond to of 150070

WMED .32 x .36 Worldwide Medical Corporation Aligns Its First Check Brand With Natures Bounty -- NBTY --, a Leading American Healthcare Manufacture and Mail Order Marketer LAKE FOREST, Calif.--(BW HealthWire)--July 15, 2002--Daniel G. Mc Guire, president and CEO of Worldwide Medical Corporation (OTCBB:WMED - News; www.wwmed.com), the exclusive marketer of First Check® branded home screening tests for drugs of abuse, alcohol, cholesterol, and colorectal disease announces today that the company has secured a significant distribution agreement with Natures Bounty (NBTY), the nations largest American-owned, premier manufacture of healthcare products. First Check's home cholesterol tests, along with our colorectal home screening test are now available to over 6,000,000 new health conscious consumers utilizing two of America's leading healthcare direct mail catalogs, Puritan Pride and L&H Vitamins. NBTY is a leading vertically integrated manufacture, wholesaler, and marketer of high quality, value-priced nutrition and healthcare products operating in the United States, United Kingdom, and worldwide. NBTY operates over 500 wholesale stores in the US and over 420 in the UK. More importantly NBTY's mail order catalogs regularly reach over 6,000,000 health conscious targeted consumers. Worldwide Medical President and CEO, Daniel G. Mc Guire stated, "The Company is very enthusiastic and plans to leverage the unique opportunity that NBTY provides. Our First Check home screening tests are now available to millions of new consumers via NBTY's integrated wholesale mail order distribution network. Our research indicates that over 25% of consumers that would be interested in purchasing our First Check home tests would prefer to do so utilizing a confidential mail order process. We remain committed to diversifying the company's channels of distribution beyond traditional brick and mortar drug stores." Forward - looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, including, but not limited to, the results of research and development efforts, the effect of the United States Food and Drug Administration and other agencies, the impact of competitive products, access to capital, market demand for the company's products, changes in trade practices and the risk of trade practice litigation, technological changes, intellectual property rights, and other risks detailed from time to time in the company's reports. -------------------------------------------------------------------------------- Contact: Worldwide Medical Corporation Mr. Daniel G. Mc Guire, 949/598-8378 Mr. Kevin Gadawski, 949/598-8378 949/598-8757 (fax)

To: Jim Bishop who wrote (107505)	7/17/2002 10:23:55 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

WMED .33 x .37 WORLDWIDE MEDICAL CORP - Ships Significant Opening Orders for Nine New First Check Test Items - Into 24 Cardinal Health National Distribution Centers Servicing More - Than 20,000 Pharmacies New York, New York, Jul 17, 2002 (Market News Publishing via COMTEX) -- Daniel G. McGuire, president and CEO of Worldwide Medical Corp., (www.wwmed.com), the exclusive marketer of First Check(R) branded home screening tests for drugs of abuse, alcohol, cholesterol and colorectal disease announced that the company has secured nine new First Check test items in 24 Cardinal Health distribution centers across the United States. First Check's FDA over-the-counter cleared cholesterol, colorectal and drugs of abuse home screening tests are now available to more than 20,000 drug and supermarket pharmacies in the United States. Additionally, its Department of Transportation-approved First Check CA 2000 alcohol detector is now also available. Cardinal Health is a leading provider of products and services supporting the health-care industry. Cardinal companies develop, manufacture, package and market products for patient care, develop drug-delivery technologies, distribute over-the-counter consumer products to retail pharmacy settings, and offer consulting and other services that improve quality and efficiency in health care. Cardinal Health is listed # 23 on the 2002 Fortune 500 and # 33 on Business Week's list of "50 Best Companies." The company is aggressively pursuing new retail distribution agreements with Cardinal's retail partners. This past weekend, the company attended Cardinal Health's national trade selling show in Seattle. At this show, Cardinal Health invited all of their key retail partners and preferred vendors to one location for the purpose of growing their business. Cardinal Health's national distribution network will deliver significant incremental sales to WMED's 52-week go forward operating plan. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including, but not limited to, the results of research and development efforts, the effect of the U.S. Food and Drug Administration and other agencies, the impact of competitive products, access to capital, market demand for the company's products, changes in trade practices and the risk of trade practice litigation, technological changes, intellectual property rights, and other risks detailed from time-to-time in the company's reports. CONTACT: TEL: 949/598-8378 Daniel G. Mc Guire or Kevin Gadawski, FAX: 949/598-8757 Worldwide Medical Corp., Lake Forest MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041. (C) 2002 Market News Publishing Inc. -0- KEYWORD: New York, New York * end of story *