latest news releases from the newsroom
Port of Houston Authority
PHA Commission Considers Transportation Worker I.D. Credential
HOUSTON, March 26, 2007 (PRIME NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) will consider nearly $5 million in security improvements, including payment of up to $100,000 for Transportation Worker Identification Credential (TWIC) enrollment fees on behalf of its Commissioners and Commission counsel, employees and certain temporary workers on Tuesday, March 27, beginning at 9 a.m. in the board room of the PHA Executive Building, 111 East Loop North (Exit 29 off Loop 610) in Houston. Chairman Jim Edmonds will preside over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
NearbyNow Recognized as 'Cool Vendor' in 2007 Gartner Retail Technologies Report
LOS ALTOS, Calif., March 26, 2007 (PRIME NEWSWIRE) -- NearbyNow, Inc., an online service that allows consumers to search all products and sales available at local shopping centers using the Internet or mobile phones, today announced that Gartner, a technology research and analyst firm, has named NearbyNow to its "Cool Vendors in Retail Technologies 2007" report, authored by analysts Gale Daikoku, Mim Burt and Hung LeHong of Gartner, Inc.
KCAP Financial, Inc.
Kohlberg Capital Schedules Conference Call to Provide Update On Operations Since Its IPO
NEW YORK, March 26, 2007 (PRIME NEWSWIRE) -- Kohlberg Capital Corporation (Nasdaq:KCAP) ("Kohlberg Capital") today announced that it will hold a conference call on Monday, April 2, 2007 at 4:00 p.m. Eastern Standard Time. The Kohlberg Capital executive management team will highlight and provide an update on the Company's operations since its IPO on December 11, 2006. Shareholders, prospective shareholders and analysts are welcome to listen to the call or attend the webcast. The conference call dial-in number is 1-800-289-0468.
Hexagon Metrology, Inc.
ROMER and FARO Announce Settlement of All Outstanding Lawsuits
NORTH KINGSTOWN, R.I. and LAKE MARY, Fla., March 26, 2007 (PRIME NEWSWIRE) -- ROMER, Inc., a Hexagon Metrology company, and Faro Technologies, Inc. (Nasdaq:FARO) have announced today that they have reached agreement to settle all outstanding disputes between them. Under the terms of the settlement, patent suits pending in California and Florida, and a lawsuit involving claims of false advertising will be dismissed. Terms of the agreement will not be disclosed, and will be treated as "Company Confidential" material going forward by both Hexagon and Faro. The settlement also covers ROMER-affiliated companies CimCore Corporation, Hexagon Metrology AB and Hexagon Metrology, Inc.
Vision-Sciences Closes Transaction With Medtronic
ORANGEBURG, N.Y., March 26, 2007 (PRIME NEWSWIRE) -- Vision-Sciences, Inc. (Nasdaq:VSCI) ("Vision-Sciences" or the "Company") announced today that it has closed its previously announced transaction with Medtronic Xomed, Inc. ("Medtronic"), a wholly-owned subsidiary of Medtronic, Inc. (NYSE:MDT). The closing took place after the transaction was approved by a majority vote of Vision-Sciences' shareholders during a special shareholders meeting convened on March 20, 2007.
Sonesta International Hotels Corporation
Sonesta International Hotels Corporation Announces 4th Quarter Results
BOSTON, March 26, 2007 (PRIME NEWSWIRE) -- Sonesta International Hotels Corporation (Nasdaq:SNSTA) today reported a net loss for the quarter ended December 31, 2006 of $1,104,000, or ($0.30) per share, compared to a net loss of $1,898,000, or ($0.51) per share, for the quarter ended December 31, 2005. Revenues, excluding other revenues from managed and affiliated properties, were $15,200,000 in the fourth quarter of 2006, compared to $20,872,000 in the same period in 2005.