latest news releases from the newsroom
Bell Microproducts Inc.
Bell Microproducts Finalizes Amended Credit Facility
SAN JOSE, Calif., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Bell Microproducts Inc. (Pink Sheets:BELM) today announced that it has amended and increased the size of its primary lending facility in the Americas to $204 million from $150 million. The Company also announced that Wells Fargo Foothill, LLC has joined the lending group, which is led by Wachovia Capital Finance Corporation (Western), and also includes Bank of America, N.A., and The CIT Group/Business Credit, Inc. The amended facility replaces the Company's existing asset-backed securitization line. Based upon the advance rates of the amended facility, the Company anticipates a modest increase in borrowing availability.
Northrop Grumman Corp.
Oklahoma Awards Information Technology Contract to Northrop Grumman
MCLEAN, Va., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has been awarded the Oklahoma Support Information System (OSIS) contract for the Oklahoma Department of Human Services, Child Support Enforcement Division, to provide high-level information technology maintenance and support services for their mission-critical child support system.
Coleman Cable, Inc.
Coleman Cable, Inc. to Present At William Blair Small-Cap Growth Stock Conference
WAUKEGAN, Ill., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Coleman Cable, Inc. (Nasdaq:CCIX) ("Coleman''), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced that Gary Yetman, president and chief executive officer, and Richard Burger, chief financial officer, will broadcast live via Webcast its investor presentation to be given at the Second Annual William Blair Small-Cap Growth Stock Conference. The presentation will take place in New York City at The Waldorf-Astoria on Tuesday, October 7, 2008, at Noon Eastern Time.
Pro Travel Network Board Approves Stock Option Plan
FRESNO, Calif., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Pro Travel Network, Inc. (OTCBB:PTVL) (the "Company") announced today that, on Sept. 16, 2008, the Company's Board of Directors adopted and approved its Stock Option Plan. The Plan allows for up to 10,000,000 shares which may be issued to its top Training Directors in the field and also its valued employees. The Plan allows the Company to grant options to its officers, employees and distributors, as well as certain qualifying consultants that provide services to the Company. The Company hopes that the granting of options under the Plan will enhance long-term stockholder value by giving its management and service providers an interest in the future prospects of the Company.