latest news releases from the newsroom
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Secures Bridge Funding
PALATINE, Ill., Oct. 20, 2006 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced it has secured gross proceeds of $620,000 under a term loan agreement (the "Loan") with Essex Woodlands Health Ventures V, L.P., Care Capital Investments II, L.P., Care Capital Offshore Investments II, L.P., Galen Partners III, L.P., Galen Partners International III, L.P. and Galen Employee Fund III, L.P (collectively the "Bridge Lenders"). Coincident with this Loan, the Bridge Lenders have agreed to change the maturity date on all previous bridge loans to December 1, 2006 from November 1, 2006. The Loan bears an annual interest rate of 10%, is secured by a lien on all assets of the Company and its subsidiary, matures on December 1, 2006 and is senior to all other Company debt. The Loan permits the funding of additional cash amounts subject to agreement by the Company and the Bridge Lenders. No assurance can be given, however, that any additional funding will be advanced to the Company under the terms of the Loan. In addition, the Bridge Lenders have agreed to accept in satisfaction of the next interest payment due under the bridge loans a number of shares of Common Stock of the Company based on the average of the closing bid and asked prices of the Common Stock for the five trading days immediately preceding the interest payment date.
Wolverine Tube Inc.
Wolverine Tube Third Quarter 2006 Earnings Conference Call
HUNTSVILLE, Ala., Oct. 20, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced that it now plans to report earnings for the third quarter ended October 1, 2006 on Wednesday, November 1, 2006. This is a change from the original date of October 26, 2006. A news release and supporting financial data will be released to the news wire services and the New York Stock Exchange before the market opens, and a conference call will be held at 9:30 a.m. Central (10:30 a.m. Eastern), November 1, 2006. The full text of the earnings news release and supporting financial data will be available prior to the start of this call on the Company's website, http://www.wlv.com, in the Investor Relations section under the "Press Releases" link.
Pacific Sunwear of California, Inc.
Pacific Sunwear to Webcast Conference Call Discussing Third Quarter 2006 Financial Results
ANAHEIM, Calif., Oct. 20, 2006 (PRIMEZONE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) plans to announce on Thursday, November 16, its financial results for the third quarter 2006, which ends October 28, 2006. The Company plans to issue a news release that day at approximately 4:00 p.m. Eastern time, immediately following the closing of regular stock market trading hours. Following the news release, Pacific Sunwear management will host a conference call beginning at 4:15 p.m. Eastern time to review the results.
NetManage Appoints Dr. Harry J. Saal to the Board of Directors
CUPERTINO, Calif., Oct. 20, 2006 (PRIMEZONE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, today announced the appointment of Dr. Harry J. Saal to the company's Board of Directors. Dr. Saal brings over 35 years of leadership to NetManage's seasoned executive team and is well-recognized for his illustrious career growing successful high-technology companies into powerful brands while building global strategic alliances.
Dr. Jonathan C. Javitt, International Healthcare Expert, Joins flexSCAN Board of Directors
MISSION VIEJO, Calif., Oct. 20, 2006 (PRIMEZONE) -- flexSCAN, Inc. (OTCBB:FXSCE) announced today the addition of Jonathan C. Javitt, MD, MPH to its board of directors and as Chief Science Advisor. Dr. Javitt is a world-renowned expert in information technology, health economics, and public health.