latest news releases from the newsroom
Power Medical Interventions, Inc.
Power Medical Interventions, Inc. Receives Accelerated $5M Milestone Payment From Intuitive Surgical, Inc.
LANGHORNE, Pa., June 2, 2009 (GLOBE NEWSWIRE) -- Power Medical Interventions(r), Inc. (OTCBB:PMII), a leader in developing and commercializing Intelligent Surgical Instruments(tm), announced today that Intuitive Surgical, Inc. has elected to exercise its right to receive an irrevocable license to certain Power Medical Intervention (PMI) intellectual property in exchange for an accelerated aggregate milestone payment of $5 million. The payment to PMI was made in connection with the License and Development Agreement signed with Intuitive in September 2008. As provided under terms of the agreement, Intuitive has the right to receive an irrevocable license by accelerating payment of remaining milestones. With this latest payment, PMI has received a total of $20 million under its agreement with Intuitive.
Polypore International, Inc.
Polypore to Present At William Blair 29th Growth Stock Conference
CHARLOTTE, N.C., June 2, 2009 (GLOBE NEWSWIRE) -- Polypore International, Inc. (NYSE:PPO) today announced it will be making a presentation to the investment community at 10:00 a.m. CDT on Wednesday, June 10, 2009, at the William Blair 29th Growth Stock Conference at The Four Seasons Hotel, 120 E. Delaware Place, Chicago, Illinois. A link to the webcast can be found at http://www.wsw.com/webcast/blair17/ppo/ and will be available for replay for 30 days.
Colliers International Group Inc.
FirstService Declares Dividend On Preferred Shares
TORONTO, June 2, 2009 (GLOBE NEWSWIRE) -- FirstService Corporation (Nasdaq:FSRV) (TSX:FSV) (TSX:FSV.PR.U) ("FirstService") announced today that its board of directors has declared a dividend on the outstanding 7% Cumulative Preference Shares, Series 1 (the "Preferred Shares") of FirstService of US$0.4375 per Preferred Share for the period of March 31, 2009 to but excluding June 30, 2009. The dividend is payable on June 30, 2009 to holders of Preferred Shares of record at the close of business on June 19, 2009.