latest news releases from the newsroom
Enbridge Energy Partners, L.P.
Enbridge Energy Partners to Webcast Its 2008 Second Quarter Results
HOUSTON, June 30, 2008 (PRIME NEWSWIRE) -- Enbridge Energy Partners, L.P. (NYSE:EEP) will review the results of its second quarter 2008 operations and discuss its business outlook in an Internet presentation, beginning at 10 a.m. Eastern Time on Tuesday, July 29, 2008. The presentation will follow a news release of second quarter results, scheduled for after market close on July 28. The web presentation may be accessed as follows:
Tyson Foods, Inc.
Tyson Foods Enters Joint Venture in India
MUMBAI, India, June 30, 2008 (PRIME NEWSWIRE) -- The leadership of Tyson Foods, Inc. (NYSE:TSN) is taking another step in the effort to expand the company's international presence. Tyson officials today announced they have acquired majority ownership of one of the leading poultry processing businesses in India.
Advanced Building Technologies Inc.
Advanced Building Technologies Introduces State-of-the-Art Assessment Tools for Soccer Coaches
JUPITER, Fla., June 30, 2008 (PRIME NEWSWIRE) -- Advanced Building Technologies, Inc., a leader in sports consulting services, has introduced a web-based program that gives soccer coaches and trainers worldwide new high-tech tools for player assessments. The web-based program, Comprehensive Assessment Program for Soccer, or CAPS focuses on the collection, storage and analysis of objective data specific to an individual player's Skills, Fitness and 1 vs 1 competition results. The data is then combined with the coach's subjective assessments and presented in a user-friendly web format.
In Anticipation of Significant Growth in the Demand for the Company's SSD Solutions in Future Quarters, STEC Signs a Commitment for An Unsecured Revolving Credit Facility
SANTA ANA, Calif., June 30, 2008 (PRIME NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) today announced that it has accepted a loan commitment from Wachovia Bank, National Association ("Wachovia") for a $35 million senior unsecured revolving credit facility with a term of two years bearing interest at a floating rate equivalent to LIBOR plus 0.70% - 1.20%, depending on the Company's leverage ratio at each quarter-end. STEC intends to use the proceeds from the credit facility to fund its working capital requirements, including the increasing inventory and accounts receivables of its growing SSD business. The Company believes the new credit facility together with its existing cash-on-hand, which was approximately $74 million at the end of the first quarter of 2008, will provide adequate liquidity to support expected accelerated growth in future quarters.