latest news releases from the newsroom
Wolverine Tube Inc.
Wolverine Tube Announces Recapitalization Plan
HUNTSVILLE, Ala., Feb. 1, 2007 (PRIME NEWSWIRE) -- Wolverine Tube, Inc. (Pink Sheets:WLVT) today announced a recapitalization plan as a result of its efforts to strengthen its balance sheet, reduce its financing costs and enhance its overall capital structure. An investor group comprised of Plainfield Special Situations Master Fund Limited, a fund managed by Plainfield Asset Management LLC ("Plainfield"), and The Alpine Group, Inc. ("Alpine") will invest up to $75 million in the Company through purchasing new convertible preferred equity and providing a standby commitment to a common stock rights offering, which will be available to all Wolverine shareholders. This recapitalization plan will provide a minimum of $75 million and could reach as much as approximately $135 million of equity proceeds to the Company. The Company also announced that it will initiate an exchange offer to exchange and modify the terms of its existing debt.
JetBlue Airways Corporation
No Passport? No Problem! JetBlue Airways Offers Customers Free Passport Photos At JFK's Terminal Six
NEW YORK, Feb. 1, 2007 (PRIME NEWSWIRE) -- JetBlue Airways Corporation (Nasdaq:JBLU), in partnership with the Aruba Tourism Authority, the Bermuda Department of Tourism and the Nassau Paradise Island Promotion Board, today announce that customers traveling to or from JetBlue's Terminal 6 at New York's John F. Kennedy International Airport (JFK) during the month of February will have an opportunity to receive a free passport photo and application, as well as brochures and information on these beautiful destinations, to prepare for their future travel experiences on JetBlue. The low-fare airline now offers service to five exciting destinations that require a valid passport for visitors traveling by air: Aruba; Cancun, Mexico; Nassau, The Bahamas; Bermuda; and Santiago, in the Dominican Republic.
Englander Knabe & Allen
Veteran Public Relations Executive Joins Englander & Associates as Partner
LOS ANGELES, Feb. 1, 2007 (PRIME NEWSWIRE) -- Eric Rose, former Senior Vice President at Weber Shandwick, today announced that The Rose Group, a communications consulting firm specializing in public affairs, corporate communications, employee and media relations, crisis and issue management, and media training, has joined forces with Englander & Associates.
ClassicWines.com Now Serves the Internet's Largest Wine Directory
CHESTER, Pa., Feb. 1, 2007 (PRIME NEWSWIRE) -- ClassicWines.com, the online guide to classic wine will celebrate the launch of its vastly expanded web portal with a celebration at its Delaware County Pennsylvania Headquarters on February 9, 2007. The event will feature a live filming of "The Classic Wines Minute," a wine tasting that will be led by ClassicWines.com editor Brian Freedman, and detail the company's progress which includes the release of the Internet's largest wine directory.