latest news releases from the newsroom
Avigen to Present At Upcoming Healthcare Conferences
ALAMEDA, Calif., Nov. 1, 2006 (PRIMEZONE) -- Avigen, Inc. (Nasdaq:AVGN), a biopharmaceutical company developing innovative therapies for the treatment of neurological conditions, announced today that Kenneth Chahine, Ph.D., J.D., Avigen's President and CEO, will present at three upcoming healthcare conferences:
Wolverine Tube Inc.
Wolverine Tube Provides Update On Restructuring and Rationalization Program
HUNTSVILLE, Ala., Nov. 1, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today provided an update regarding its restructuring and rationalization program, which is designed to strengthen the Company's balance sheet, reduce debt and enhance its overall capital structure while continuing to serve and support customers globally. As previously disclosed, the Company and its advisors have been evaluating refinancing and restructuring alternatives in anticipation of the upcoming maturities of the Company's Secured Revolving Credit Facility and Receivables Sale Facility in 2008 and its outstanding 7.375% Senior Notes and 10.5% Senior Notes (collectively, the "Senior Notes") in 2008 and 2009, as well as its future projected short-term liquidity needs. As part of that process, Wolverine continues to be engaged in discussions with representatives of its bondholders and other groups as to the most appropriate transaction, if any, to reduce debt and maintain value for its shareholders.
Zecotek Photonics Inc.
Zecotek Announces New-Generation Solid-State Photon Counters
VANCOUVER, British Columbia, Nov. 1, 2006 (PRIMEZONE) -- Zecotek Medical Systems Inc. (TSX-V:ZMS) (Frankfurt:W1I) today announced it has successfully developed a new generation of Silicon based Photon Counters, designated the New Generation of surface Micro-pixel Avalanche Photo Diodes (N-MAPD). The counting property is a further refinement of its acquired photo-detector technology. The N-MAPD is aimed at replacing existing photo-detection devices, known as Photo-Multiplier Tubes (PMT's) used in Positron Emission Tomography (PET) for medical imaging, as well as in wide industrial and research applications. The development of this N-MAPD and its manufacturing process was achieved in a joint collaboration with Dubna-Detectors Ltd, an R&D company based within the Institute of Nuclear Research in Dubna, Russia. The development of the N-MAPD is wholly financed by Zecotek and, under the Agreement, Zecotek retains joint patent ownership and sole rights to commercialization, subject to the payment of an agreed participation incentive to Dubna Detectors Ltd.
Infortrend and TimeSpring Certify Continuous Data Protection Software For RAID Storage
SANTA CLARA, Calif. and NEWPORT BEACH, Calif., Nov. 1, 2006 (PRIMEZONE) -- RAID storage expert Infortrend(r) and TimeSpring(r) Software Corp. have certified interoperability between Infortrend's networked storage subsystems and TimeSpring's Continuous Data Protection (CDP) software. The combination of these products gives enterprise managers a robust and affordable way to protect data across their entire Microsoft Windows infrastructure, including Exchange, SQL Server, SharePoint, and NTFS.
BlueLinx Announces CFO Departure
ATLANTA, Nov. 1, 2006 (PRIMEZONE) -- BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America, today announced that David J. Morris, chief financial officer and treasurer, has decided to leave the company. Current plans call for Mr. Morris to continue to serve as CFO until his departure, which currently is anticipated at year end or until a successor can be found. Additionally, Mr. Morris and BlueLinx currently intend to enter into a consulting agreement that would become effective upon his departure.