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Deadlines for Filing Lead Plaintiff Motions Fast Approaching, Says Berman, DeValerio & Pease LLP.

Business/Legal Editors

BOSTON--(BUSINESS WIRE)--July 26, 2000

Berman, DeValerio & Pease LLP, a law firm specializing in representing shareholders in class action lawsuits for almost twenty years, today announced that investors have retain Berman, DeValerio & Pease LLP, (800) 516-9926, to represent them in lawsuits against the companies identified below for alleged violations of the federal securities laws.

If you purchased the securities of any of these companies, you may be a member of the class and have until the dates specified below to move the court to become the lead plaintiff(s). You may contact Berman, DeValerio & Pease, LLP to learn about your rights and interests in these cases and ability to possibly recoup your losses, or you may hire counsel of your own choice. To be a member of the class, however, you need not take any action at this time.

ADVANCED TECHNICAL PRODUCTS, INC. (NASDAQ: ATPXE) This action charges that the two top officers at Advance Technical Products Alcore subsidiary caused Advanced Technical to issue false financial statements so the president of the subsidiary could sell his stock in the Veritas Capital Fund buyout. Upon disclosure of the accounting fraud at Aclore, Advanced Technical's stock price plummeted. Investors who bought Advanced Technical Products common stock April 22, 1998 and March 3, 2000 may be eligible for inclusion in the class. The lead plaintiff motion must be filed by September 5, 2000.

Anicom Inc. (NASDAQ: ANIC) On July 18, 2000, Anicom announced that it was "investigating certain accounting matters, including possible accounting irregularities, which if confirmed, could result in revision of previously issued financial statements." The company also stated that it believed that the total effect of non-cash revisions and charges could be as much as $35 million; warned investors that its 1998 and 1999 financial statements should not be relied upon; and disclosed that the company's President/CEO and CFO were on "administrative leave." In response to this announcement, trading in Anicom stock was halted and, as of the date of this release, it has not yet resumed. If you purchased Anicom stock during the period April 29, 1998 through July 18, 2000, you may be eligible for inclusion in the class. The lead plaintiff motion must be filed by September 18, 2000.

ANIKA THERAPEUTICS, INC. (NASDAQ: ANIK) Anika Therapeutics, Inc. and certain of its officers are charged with causing the company to issue materially false and misleading financial statements. Anika has restated its financial statements for its 1998 fiscal year and first three quarters of 1999. The SEC is investigating the company's accounting practices. Investors who purchased Anika stock between April 15, 1998 and May 30, 2000 may be included in the class. The motion for lead plaintiff must be filed by August 8, 2000.

FLOORING AMERICA, INC. (NYSE: FRA) For the second time in the past two years, Flooring America is restating its financial statements due to improper accounting. The SEC is presently investigating the company for securities law violations. If you purchased Flooring America stock during the period November 11, 1999 through May 22, 2000, you may be eligible to be in the class. The lead plaintiff motion is due by August 13, 2000.

Steven Madden Ltd. (NASDAQ: SHOO) On June 20, 2000, following news of Steve Madden's arrest for his alleged involvement in schemes to manipulate initial public stock offerings for certain companies, including his own, the value of the company's stock dropped dramatically. If you purchased stock in Steve Madden between November 3, 1999 and June 20, 2000, you may be eligible to be in the class. The lead plaintiff motion is due by August 21, 2000.

PROFIT RECOVERY GROUP INTERNATIONAL, INC. (NASDAQ: PRGX) Profit Recovery and two of its officers are alleged to have caused the company to improperly record revenue in the company's 1999 fourth quarter in order to meet analysts' earnings expectations. After the company announced it would restate fourth quarter earnings, the stock price plunged. Investors who purchased Profit Recovery common stock between February 16, 2000 and March 29, 2000 may be included in the class. The time to file the lead plaintiff motion is August 4, 2000.

VARI-L COMPANY, INC. (NASDAQ: VARLE) Vari-L Company, Inc. is charged with artificially inflating its stock price by issuing financial statements which misrepresented the Company's actual revenues and earnings. It is further charged that certain corporate officers and directors sold large amounts of their Vari-L stock while the stock price was inflated. The Company's auditors have resigned saying that they have uncovered what could be "illegal acts." Investors who purchased Vari-L stock during the period December 17, 1997 to May 17, 2000 may be included in the class. The time to file a lead plaintiff motion is August 9, 2000.

With offices in Boston and San Francisco, Berman, DeValerio & Pease, LLP is one of the nation's leading firms in representing investors in securities class action lawsuits and has substantial experience in prosecuting class actions. The firm has been appointed lead counsel in many major shareholder lawsuits pending throughout the country. The firm prides itself on its responsiveness to shareholders and their needs in particular cases.

If you are an investor in any of the actions listed above, or have any questions about any securities class action, please contact the firm at (800) 516-9926. Ask to speak to one of the attorneys handling the case you are seeking information about, or you may speak to Jeffrey C. Block, Esq. or Michael G. Lange, Esq., or you can write to the firm at One Liberty Square, Boston, MA 02109, send the firm a facsimile at (617) 542-1194 or send the firm an e-mail at To learn more about any of these cases, or class actions in general, you can visit the firm's website at
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Publication:Business Wire
Date:Jul 26, 2000
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