latest news releases from the newsroom
Aastrom Biosciences, Inc.
Aastrom Biosciences Intends to Seek Shareholder Approval to Grant Board Authority to Amend Restated Articles of Incorporation
ANN ARBOR, Mich., Feb. 22, 2008 (PRIME NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today announced that the Company intends to seek shareholder approval to authorize the Board of Directors to amend Aastrom's Restated Articles of Incorporation to execute a reverse split of the Company's issued and outstanding common stock if they determine it is in the best interests of Aastrom and its shareholders. The Board would be authorized to execute the reverse split at any time within four weeks after the date of shareholder approval, at any whole number ratio between one for five and one for fourteen, with the exact exchange ratio and timing of the reverse stock split (if at all) to be determined at the discretion of the Board.
The National Research Fund for Tick-Borne Diseases, Inc.
Research Foundation for Tick-Borne Diseases to Fund Studies of Neurological and Immunological Mechanisms in Lyme Disease
WILTON, Conn., Feb. 22, 2008 (PRIME NEWSWIRE) -- The National Research Fund for Tick-Borne Diseases, Inc. (NRFTD), the nation's only non-profit organization dedicated primarily to funding scientific research in the rapidly expanding field of tick-borne infections, has announced the award of four grants totaling $344,000 for basic and translational research in Lyme disease. The two largest projects will focus on the pathogenesis of the illness. "Our goal this year was to fund research with maximum translational value to patients," said Carl Brenner of the NRFTD's Research Board. "Special emphasis was placed on proposals that showed particular promise for accelerating the transfer of findings to clinical application."
The First of Long Island Corporation
The First of Long Island Corporation Announces Additional Stock Repurchase Plan
GLEN HEAD, N.Y., Feb. 22, 2008 (PRIME NEWSWIRE) -- The Board of Directors of The First of Long Island Corporation (Nasdaq:FLIC) approved an additional stock repurchase plan which authorizes the Corporation to purchase from time to time in market or private transactions up to 200,000 shares of the Corporation's common stock. The stock purchases will be financed through available corporate cash. This is a continuation of the Corporation's stock repurchase program which began in 1988.
SYSCO Declares 153rd Consecutive Quarterly Dividend
HOUSTON, Feb. 22, 2008 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.22 per share, payable on April 25, 2008, to common shareholders of record at the close of business on April 4, 2008.
Freedom Wireless Corporation
Freedom Wireless Corporation Announces Change in Directors
WINTER PARK, Fla., Feb. 22, 2008 (PRIME NEWSWIRE) -- Freedom Wireless Corporation today announced that on February 21, 2008, a Special Shareholders Meeting was held and Michael A. DePrado was appointed as director to the Board of Freedom Wireless Corporation and Manny Vierra and Chris van der Merwe were removed as directors of Freedom Wireless Corporation. TMT Capital Corporation (OTCBB:TMTP) is the 51% owner of Freedom Wireless Corporation.