latest news releases from the newsroom
SmallCap Sentinel: Getting a Foothold in an $89 Billion Gift Card Market
IRVINE, Calif., Dec. 12, 2006 (PRIME NEWSWIRE) -- "Investors need look no further than their holiday giving and gift exchanges to prove the use and ubiquity of gift cards," stated SmallCap Sentinel analyst D.R. Clark. "And with a recent article reporting that gift card sales grew from $16 billion in 2000 to $45 billion in 2005 with projections of $89 billion in 2007, innovative companies are looking for their share of this explosively growing market."
Hexagon Metrology, Inc.
ROMER Plans Immediate Response to Initial Office Action From Patent Office in Second Reexamination Proceeding
NORTH KINGSTOWN, R.I., Dec. 12, 2006 (PRIME NEWSWIRE) -- A jury in a federal court in San Diego, California recently found unanimously in favor of ROMER CimCore et al that the U.S. Patent No. 5,829,148 ("the '148 patent") is valid (CimCore Corp., et al. v. Faro Technologies, Inc., Civil Action No. 03-CV-2355 B(WMc)). The related patent infringement suit is scheduled for re-trial on April 3, 2007, following the first trial where the jury was just one vote shy of a unanimous decision finding that FARO was infringing the '148 patent.
Quanex Building Products Corporation
Quanex Elects Joseph D. Rupp to Its Board of Directors
HOUSTON, Dec. 12, 2006 (PRIME NEWSWIRE) -- Quanex Corporation (NYSE:NX) announced today that Joseph D. Rupp has been elected to the Company's Board of Directors, effective January 2, 2007. Mr. Rupp, age 56, is currently the Chairman, President and Chief Executive Officer of Olin Corporation, a $2.4 billion NYSE-traded basic materials company concentrated in metals, chemicals and ammunition. He joined Olin in 1972 and was elected President and CEO in 2002.
Gardy & Notis, LLP
Gardy & Notis, LLP Announces Filing of Shareholders Securities Fraud Class Action Against TOP Tankers, Inc. -- TOPT
ENGLEWOOD CLIFFS, N.J., Dec. 12, 2006 (PRIME NEWSWIRE) -- Gardy & Notis, LLP ("Gardy & Notis") has filed the first class action lawsuit in the United States District Court for the Southern District of New York, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of TOP Tankers, Inc. ("TOP" or the "Company") (Nasdaq:TOPT) between June 28, 2005 and November 28, 2006 (the "Class Period").
Transmeridian Exploration, Inc.
Transmeridian Exploration Appoints Two New Directors
HOUSTON, Dec. 12, 2006 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that Mr. J. Frank Haasbeek, 71, and Mr. Alfred L. Shacklett Jr., 58, have been appointed to its Board of Directors upon recommendation of the Nominating & Governance Committee. Mr. Haasbeek and Mr. Shacklett will both serve on the Audit Committee, and Mr. Haasbeek will also serve on the Compensation Committee. These appointments fill the vacancies created by the resignation of a former director in April 2006 and the Company's decision to expand the size of the Board to seven directors.
East Delta Resources Corp.
East Delta Continues Production Readiness Upgrade At Huaqiao Gold Property
MONTREAL, Dec. 12, 2006 (PRIME NEWSWIRE) -- East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) is pleased to announce an interim progress report for the upgrade of the production infrastructure at the Huaqiao (pronounced wha-chow) gold property. The property is located within the Hunan-Guizhou gold belt in Southwest China and covers an area of approximately 0.7km2. It presently has seven known gold-bearing quartz vein zones, specified as M1-M6 and Fx, all of which occur in different strata and have different type and characteristics of mineralization.