latest news releases from the newsroom
NexHorizon Communications, Inc.
NexHorizon Takes Advantage of Government Broadband Stimulus
WESTMINSTER, Colo., June 30, 2009 (GLOBE NEWSWIRE) -- NexHorizon Communications, Inc. (Pink Sheets:NXHZ) today announced that management is applying for a rural broadband stimulus package, available from the federal and various state governments, in order to hasten its deployment of high-speed digital video, Voice over Internet Protocol, data transfer and other broadband applications to rural communities both in the U.S., and in Mexico. "The grants and loans will bring new jobs, for which we will offer training, and increased revenue, which will have a trickle-down effect throughout our rural communities," said Calvin D. Smiley, NexHorizon Communications CEO.
Levi & Korsinsky, LLP
Levi & Korsinsky LLP Investigates Board of Cell Genesys, Inc.
NEW YORK, June 30, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating the Board of Directors of Cell Genesys, Inc. ("Cell Genesys" or the "Company") (Nasdaq:CEGE) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to BioSante Pharmaceuticals, Inc. (Nasdaq:BPAX) ("BioSante"). Under the terms of the agreement, Cell Genesys stockholders will receive 0.1615 shares of BioSante common stock in exchange for each common share of Cell Genesys. Based on the closing price of BioSante common stock on June 29, 2009, the transaction is valued at approximately $0.347 per share or a total consideration of approximately $38 million.
Northrop Grumman Corp.
Northrop Grumman Completes First Flight of Land-Based MQ-8B Fire Scout
SAN DIEGO, June 30, 2009 (GLOBE NEWSWIRE) -- A Northrop Grumman Corporation (NYSE:NOC) MQ-8B Fire Scout Vertical Unmanned Aircraft System (VUAS), designated P7, has successfully completed first flight operations at Yuma Proving Ground, Ariz. Unlike current Navy configured Fire Scouts, P7 was built in an operational land-based configuration. It is the first MQ-8B to fly without flight test instrumentation normally installed for developmental flights, a clear indication of MQ-8B's system maturity. P7 continues Northrop Grumman's commitment to customers around the globe by building upon the rigorous developmental testing being supported by P6, the first company owned Fire Scout.
New Patent Issued to ImmuDyne by the U.S. Patent Office
FLORENCE, Ky., June 30, 2009 (GLOBE NEWSWIRE) -- ImmuDyne (Pink Sheets:IMMD), continuing to build its intellectual property and leadership role in Beta Glucan technology, today announced that the Company recently received an issue notice from the U.S. Patent Office. ImmuDyne's patent application entitled, Methods of Purifying Beta Glucans (Amended), has now been issued as U.S. Patent 7,750,584.