latest news releases from the newsroom
PC Group, Inc.
Langer Inc. Announces Sale of Langer Orthotics Business
NEW YORK, Oct. 27, 2008 (GLOBE NEWSWIRE) -- Langer, Inc. (Nasdaq:GAIT) ("Langer" or the "Company") today announced the sale of substantially all of the operating assets related to its Langer branded custom orthotics and related products business to an affiliate of The Orthotic Group, a leading manufacturer of prescription custom foot orthotics, orthotic footwear and gait analysis equipment headquartered in Markham, Ontario. The Company's Deer Park, NY facility as well as its sales office in Markham, Ontario are included in the transaction. The purchase price was approximately $4.7 million paid in cash at closing, including $475,000 to be placed in escrow to satisfy potential indemnification claims. The purchase price will be subject to a post-closing working capital adjustment within approximately 90 days.
Chelsea Therapeutics to Host Conference Call to Discuss Third Quarter 2008 Results
CHARLOTTE, N.C., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) announced that it will release third quarter results for the period ended September 30, 2008 before the market opens on Wednesday, November 5, 2008. Chelsea management will host a conference call and live webcast to discuss these financial results and provide an update on each of its development programs later that morning at 11:00 AM ET.
TASER International, Inc.
Punitive Damages Against TASER International Thrown Out in Heston v. City of Salinas, et al.
SCOTTSDALE, Ariz., Oct. 27, 2008 (GLOBE NEWSWIRE) -- TASER International, Inc. (Nasdaq:TASR), the market leader in advanced electronic control devices (ECDs), announced that Judge James Ware of the United States District Court for the Northern District of California has granted TASER's Renewed Motion for Judgment with respect to the award of punitive damages. The court denied TASER's alternative motion for a new trial in the case Betty Lou Heston, et al. v. City of Salinas, TASER International, Inc. (TASER), et al. In granting the Renewed Motion for Judgment, Judge Ware threw out all punitive damages awarded in the case.