latest news releases from the newsroom
MEDirect Latino, Inc.
MEDirect Latino Inc. Announces Closing of $8,250,000 Institutional Financing
POMPANO BEACH, Fla., Dec. 11, 2006 (PRIME NEWSWIRE) -- MEDirect Latino Inc. (Pink Sheets:MLTO) (www.medirectlatino.org), the first national provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community, announced today that it had completed a $8,250,000 secured convertible promissory note financing with Granite Creek FlexCap I, L.P. of Chicago, Illinois; St. Cloud Capital Partners, L.P. of Los Angeles, California; and additional private investors.
FierceEnterprise Rebrands as 'DailyTechRag'
WASHINGTON, Dec. 11, 2006 (PRIME NEWSWIRE) -- FierceMarkets (www.fiercemarkets.com) today announced that FierceEnterprise has rebranded as DailyTechRag (http://www.dailytechrag.com) to reflect the publication's evolution from a focus on enterprise software to an all-in-one briefing for all IT professionals. Mehan Jayasuriya remains editor of the publication, which launched in 2001 and currently has more than 20,000 subscribers.
College Partnership, Inc.
College Partnership and Acentus Merge
LAKEWOOD, Colo., Dec. 11, 2006 (PRIME NEWSWIRE) -- College Partnership, Inc. (Pink Sheets:CGPA) announced today that it has entered into an Equity Exchange Agreement with Acentus Consulting Group, LLC., Smith and Merritt Institute, LLC. and Modius Financial, LLC. (collectively, "Acentus") in exchange for approximately $10,000,000 in College Partnership, Inc. Convertible Preferred securities.
Solomon Technologies, Inc.
Solomon Arranges $10 Million Financing Facility
TARPON SPRINGS, Fla., Dec. 11, 2006 (PRIME NEWSWIRE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has signed a financing term sheet for a credit facility to be used exclusively for acquisitions for both its Motive Power and Power Electronics divisions. The term sheet contemplates a facility of up to $10 million on a standby basis secured by the acquired assets and guaranteed by Solomon. The arrangement contemplates that Solomon will use the facility to strike more quickly at unique smaller acquisition opportunities that are consistent with its growth plans. The credit facility has a one year term that is renewable at the option of the lender.
Emulex and Brocade Provide New InstaSAN Connectivity Kits for EMC CLARiiON AX150
COSTA MESA and SAN JOSE, Calif., Dec. 11, 2006 (PRIME NEWSWIRE) -- Emulex Corporation (NYSE:ELX) and Brocade Communications Systems, Inc. (Brocade(r)) (Nasdaq:BRCD), today announced that the two companies are each providing products to the new InstaSAN(tm) Connectivity Kits for the EMC CLARiiON(r) AX150 networked storage system for small and medium businesses (SMBs). These kits deliver cost-effective, plug-and-play storage solutions for entry-level and first-time storage area network (SAN) users, enabling increased storage capacity and reliable backups that optimize performance for business applications.