latest news releases from the newsroom
BSD Medical Corporation
BSD Medical to Open Trading On NASDAQ April 22
SALT LAKE CITY, April 21, 2008 (PRIME NEWSWIRE) -- BSD Medical Corporation (AMEX:BSM) announced today that it will begin trading on the NASDAQ Stock Market LLC(r) effective Tuesday, April 22, 2008. The company is switching the listing of its common stock from the American Stock Exchange to the NASDAQ stock market, and on April 22 it will open trading under the symbol NASDAQ:BSDM, replacing its former symbol AMEX:BSM.
Intelligent Systems Corporation
Intelligent Systems Announces Completion of Sale of Its VISaer Business
NORCROSS, Ga., April 21, 2008 (PRIME NEWSWIRE) -- Intelligent Systems Corporation (AMEX:INS) (www.intelsys.com) today announced the completion of the previously announced sale of the principal assets of its VISaer, Inc. and VISaer (U.K.) Limited subsidiary to IBS Technics, Inc. effective April 16, 2008. Under the terms of the Asset Purchase Agreement, IBS Technics acquired the VISaer business and the related operating assets of VISaer's U.S.- and U.K.-based operations for $3,025,000 in cash plus future payments based on certain earnout metrics over the next four years, with a guaranteed minimum of $1.5 million in earnout payments. IBS Technics also assumed approximately $700,000 in liabilities of VISaer as well as all customer contracts. VISaer retained accounts receivable and cash of approximately $400,000 and other liabilities not assumed by the buyer as of the closing date. IBS Technics also hired the current VISaer employees and will operate from VISaer's Andover, Massachusetts location.