latest news releases from the newsroom
Viking Systems, Inc.
Viking Systems Plans to Acquire Tuebingen Scientific Medical; Exploring Financing Options
SAN DIEGO, Aug. 20, 2007 (PRIME NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKSY), a designer, manufacturer and marketer of high-performance laparoscopic vision systems today announced it has signed a letter of intent to acquire Tuebingen Scientific Medical GmbH, a Germany-based developer of articulating surgical instrumentation for minimally invasive surgery (MIS). Tuebingen Scientific Medical markets its instruments under the brand name 'Radius'. Terms of the transaction were not disclosed.
FCStone Group, Inc.
FCStone Group, Inc. Issues Statement Addressing Developments At Sentinel Management Group
WEST DES MOINES, Iowa, Aug. 20, 2007 (PRIME NEWSWIRE) -- In light of the recent news regarding Sentinel Management and its liquidity concerns, FCStone Group, Inc. (Nasdaq:FCSX), a commodity risk management firm, has assessed its exposure to Sentinel's recent sale of certain of the assets it manages, including a certain limited amount of the Company's segregated assets, to Citadel Investment Group LLC at discounts believed to be up to 30%. Sentinel has informed FCStone that it expects to distribute to FCStone at least 75% of the value of FCStone's assets held by Sentinel. Based on this information, FCStone anticipates that the resolution of Sentinel's liquidity concerns is likely to cause the Company to incur a one-time after-tax charge of approximately $3.5 million in the current quarter.
FuelCell Energy, Inc.
Pepperidge Farm, Incorporated, the Connecticut Clean Energy Fund and FuelCell Energy, Inc. Partner to Install a New 1.2 MW Fuel Cell to Power Pepperidge Farm's Bloomfield, CT, Bakery
DANBURY, Conn., Aug. 20, 2007 (PRIME NEWSWIRE) -- FuelCell Energy, Inc., Pepperidge Farm, Incorporated, and the Connecticut Clean Energy Fund announced today that they have partnered to install a 1.2 MW fuel cell at Pepperidge Farm's Bloomfield, CT, bakery. The initiative is being supported by the Connecticut Clean Energy Fund (CCEF), a ratepayer fund administered by Connecticut Innovations Inc., which will provide $3.5 million of the cost. The 1.2 megawatt fuel cell will be manufactured by FuelCell Energy, Inc. (Nasdaq:FCEL), of Danbury, CT, a leading manufacturer of ultra-clean power plants for commercial, industrial and utility customers.
Appalachian Bancshares Inc. Launches Service in Dalton, Georgia
ELLIJAY, Ga., Aug. 20, 2007 (PRIME NEWSWIRE) -- Appalachian Bancshares Inc. (Nasdaq:APAB) today announced that it has received federal approval to launch service in Dalton, Ga., with the opening of a full-service banking center. A branch of Appalachian Community bank, the Dalton banking center will operate under the name Banco Fuerza, and will focus on serving the growing Hispanic population in Whitfield and Murray Counties.