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To: StockDung who wrote (11701)6/2/2003 12:00:27 PM
From: scion  Read Replies (1) | Respond to of 19428
 
DataMeg President emails Our-Street.com

Boston, MA, Jun 02, 2003 (M2 PRESSWIRE via COMTEX) -- Our-Street.com, an Internet-based, public company watchdog, revealed today that it has received an email from Andrew Benson, President of DataMeg, Inc (OTC BB:DTMG) implicating himself and Anthony Hobbs-Boiardi, President of CAS Communications, a DataMeg subsidiary, in an apparent plot to use numerous individuals who, according to Benson, posted messages on DataMeg`s Raging Bull Message Board on behalf of Boiardi. Further investigation revealed that these posters failed to disclose their involvement with Boiardi or the company in their posts. The letter can be read at the Our-Street.com website at www.our-street.com/bensonletter.htm

On May 28, 2003 Our-Street.com filed a complaint with the Enforcement Division of the SEC, and with the Massachusetts Attorney General`s office and published the complaint on their website alleging that the company distributed shares in violation of registration requirements and filed false or misleading statements in promotional material. The entire complaint can be read at www.our-street.com/featured.htm

Our-Street.com is an internet based public company watchdog that researches companies and files and publishes reports and complaints with various regulatory agencies against companies they feel have violated SEC rules and regulations. In April Our-Street.com`s complaint against Aqua Vie Beverage Corporation (OTC BB: AQVB) was followed by a suspension in trading by the SEC.

Note: Our-street.com is not a financial or investment advisor and is not offering stock for sale or giving investment advice. For investment advice contact a non-conflicted registered investment advisor or non-conflicted broker. The best place to get information about a company is from the SEC.

Specific information about DataMeg can be gotten by using this link www.sec.gov/cgi-bin/browse-edgar?company=datameg&CIK=&filenum=&St ate=&SIC =&owner=include&action=getcompany.

Our-Street.com and/or their associates do not have a position DataMeg. Our-street.com has not been paid or compensated in any way to conduct the research and file this complaint. Our-Street.com is member supported by subscriptions but members do not choose which companies Our-Street.com selects to profile.

CONTACT: Nick Tracy, Nick Tracy Enterprises, Ltd Tel: +1 207 900 2080 Fax: +1 425 740 0645 e-mail: info@our-street.com WWW: www.our-street.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at www.presswire.net on the world wide web. Inquiries to info@m2.com.

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(C)1994-2003 M2 COMMUNICATIONS LTD



To: StockDung who wrote (11701)6/15/2003 11:58:36 AM
From: afrayem onigwecher  Read Replies (2) | Respond to of 19428
 
UAL shares close sharply lower
SkyWest seeks to sew up new regional pact with United

By Mike Maynard, CBS MarketWatch.com
Last Update: 4:25 PM ET June 10, 2003


WASHINGTON (CBS.MW) -- Shares of UAL Corp. lost more than half their value Tuesday, with investors taking heed of a regulatory filing in which the outstanding stock of United Airlines' bankrupt parent was said to have "little or no value."


UAL (UALAQ: news, chart) also warned it's "highly likely" that these shares will be canceled under any plan of reorganization. UAL's assets "will be insufficient to permit any meaningful distribution" to stockholders, the company said in a Securities and Exchange Commission filing.

Trading in the over-the-counter market as a result of the company's Chapter 11 filing last December, UAL shares closed at 76 cents, down $1.09. At their low for the session, the shares touched 64 cents.

UAL submitted the SEC filing to coincide with management's presentation of an updated business plan to its board as well as the company's creditors' committee and potential sources of exit financing.

The company's next court date in federal bankruptcy court is scheduled for June 17.

UAL's selloff came in sharp contrast to activity seen in much of the airline sector. Tracking the industry sector as a whole, the Amex Airline Index (XX:$XAL: news, chart) was higher by 0.7 percent at 49.31.

In a deal involving United, SkyWest (SKYW: news, chart) said it anticipates signing an 11-year agreement to expand United's regional carrier service, building on a contract currently in place.

While terms aren't expected to change much, United said it believes the new deal will "provide a significant economic benefit."

St. George, Utah-based SkyWest would get paid on a fee-per-departure rate under the new deal. SkyWest's shares closed higher by 6.8 percent at $16.36.

Also benefiting were shares of Atlantic Coast Airlines (ACAI: news, chart), up 92 cents, or 9.6 percent to $10.47. Dulles, Va.-based Atlantic Coast serves both United and Delta Air Lines (DAL: news, chart) as a regional carrier.