latest news releases from the newsroom
AutoChina International Ltd.
AutoChina International Limited Announces Warrant Repurchase Program
BEIJING, April 22, 2009 (GLOBE NEWSWIRE) -- AutoChina International Limited, f/k/a Spring Creek Acquisition Corp. (the "Company"), a leading one-stop commercial vehicle financing and consumer automobile sales company in China, today announced that its Board of Directors has authorized a warrant repurchase program under which the Company may repurchase any number of ordinary share purchase warrants (the exercise price of which is $5.00 per ordinary share) on the open market or in negotiated transactions at a price per warrant of no more than $1.00 per warrant. The timing and the amount of any repurchases will be determined by the Company's management based on its evaluation of market conditions and other factors. Under the repurchase program, there is no time limit for the warrant repurchases, nor is there a minimum number of warrants that the Company intends to repurchase. The repurchase program may be suspended or discontinued at any time without prior notice.
MDwerks Signs $3.2 Million Loan Agreement
DEERFIELD BEACH, Fla., April 22, 2009 (GLOBE NEWSWIRE) -- MDwerks, Inc. (OTCBB:MDWK) ("the Company") announced today that it has received net proceeds of $3,108,550 pursuant to a loan agreement with Vicis Capital Master Fund ("Vicis").