latest news releases from the newsroom
Verso Technologies, Inc.
Verso Hires Former Level 3 Communications Executive Jeffrey Donahue to Head North American Sales
ATLANTA, Feb. 26, 2008 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced that it has hired Jeffrey Donahue, to head North American Sales. Prior to joining Verso, Mr. Donahue was the Senior Vice President for Sales and Operations for TelCove/Level 3 Communications. As a member of the executive management team from 2003 to 2007, he was responsible for all sales and field operations for a $400 million business and managed a staff of 800 people. Prior to that, Mr. Donahue held a variety of different positions with TelCove and Adelphia Communications, including RVP of the NE Region for TelCove and the creation and rollout of several different competitive services for Adelphia Communications, including High Speed Internet Access, Paging and Long Distance services.
Verso Technologies, Inc.
Verso Names Dan Daly to Senior Vice President - General Manager Backhaul Solutions Business
ATLANTA, Feb. 26, 2008 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced that it has named Dan Daly, a 27-year veteran of the telecommunications business, to the position of Senior Vice President and General Manager of Backhaul Solutions. Daly comes to Verso from AccessGate, which was acquired by Verso in December 2007 from NMS Communications (Nasdaq:NMSS). Daly joined NMS as Director of Specials Engineering in 1995, where he worked on custom development projects for significant customers. He advanced to become Vice President of Product Development for VoIP Products, then Vice President of Business Development for Access Backhaul. In 2005, he was named Vice President and General Manager responsible for the infrastructure business at NMS.
Newtek Business Services Inc.
Newtek Business Services to Announce Full Year 2007 Financial Results on Thursday, March 27, 2008
NEW YORK, Feb. 26, 2008 (PRIME NEWSWIRE) -- Newtek Business Services, Inc. (Nasdaq:NEWT) (www.newtekbusinessservices.com), a provider of business services and financial products to the small- and medium-sized business market, today announced it will report its full year 2007 financial results on Thursday, March 27, 2008. A conference call to discuss these results will be hosted by Barry Sloane, chairman and chief executive officer, and Seth Cohen, chief financial officer, on Thursday, March 27, 2008 at 4:15 p.m. ET. The live conference call can be accessed by dialing (877) 419-6597 (domestic) or (719) 325-4914 (international).
Rockwell Medical, Inc.
Rockwell Medical Technologies, Inc. Schedules Investor Conference Call
WIXOM, Mich., Feb. 26, 2008 (PRIME NEWSWIRE) -- Rockwell Medical Technologies, Inc. (Nasdaq:RMTI) announced today that it will hold an investor conference call on Thursday, March 6, 2008 at 11:00AM EST to discuss its fourth quarter and 2007 results and to provide investors with a business update. Robert Chioini, Chairman and CEO, and Thomas Klema, CFO, will be hosting the call to review Rockwell's results and answer questions from investors.
Solutia Gains Court Approval of Exit Financing; Will Emerge From Chapter 11 On February 28
ST. LOUIS, Feb. 26, 2008 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA-WI) today announced it has received bankruptcy court approval of its exit financing and related matters. Under this exit financing agreement, Citigroup Global Markets Inc., Goldman Sachs Credit Partners L.P., and Deutsche Bank Securities Inc. will fund Solutia's $2.05 billion exit financing package on February 28, 2008, at which time Solutia's plan of reorganization will become effective and the company will emerge from Chapter 11.