latest news releases from the newsroom
biOasis Technologies Inc.
biOasis Announces Closing of Private Placement
VANCOUVER, B.C., June 1, 2009 (GLOBE NEWSWIRE) -- biOasis Technologies Inc. (TSX-V:BTI) is pleased to announce that it has closed the private placement announced April 16, 2009. The Company has issued a total of 1,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $500,000. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share for a period of one year at a price of $0.60 per share. All securities issued are subject to a hold period expiring September 30, 2009. The proceeds of the financing will be used to fund further research projects and provide working capital.
Meade Instruments Corporation
Meade Instruments Announces Annual Meeting of Stockholders
IRVINE, Calif., June 1, 2009 (GLOBE NEWSWIRE) -- Meade Instruments Corp. (Nasdaq:MEAD) today announced that it has elected to change the date of its Annual Meeting of Stockholders, originally scheduled for July 9, 2009. The new date of the Annual Meeting is August 6, 2009, and the record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting, and at any adjournment or postponement thereof, is June 21, 2009. The Annual Meeting will be held at 10:00 A.M., local time, at the offices of the Company, 27 Hubble, Irvine, California 92618.
Alico Adds Two New Directors Increasing Its Number of Directors to Ten
LA BELLE, Fla., June 1, 2009 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO), a leading landholder and land management company located in south Florida announced today that its Board of Directors, at a meeting held on May 27, 2009, voted to increase the number of directors serving on the Board to ten and appointed Ambassador John Darrell Rood (Ret.) and Ramon A Rodriguez, CPA, to its Board of Directors.
Penwest Pharmaceuticals Co.
Leading Proxy Advisory Firms RiskMetrics Group and Glass Lewis Recommend Penwest Shareholders Vote Against All Three Dissident Proxy Proposals
DANBURY, Conn., June 1, 2009 (GLOBE NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) today issued the following statement addressing recently issued proxy advisory firm reports regarding the contested election at the Company's 2009 Annual Meeting of Shareholders that takes place on June 10. Penwest urges shareholders to vote FOR the Company's director nominees - W. James O'Shea and Joseph Edelman - and to reject the proposals put forth by Tang Capital Management and Perceptive Life Sciences by voting the WHITE proxy card today.
Altra Industrial Motion Corp.
Altra Expands Manufacturing Presence in China
BRAINTREE, Mass., June 1, 2009 (GLOBE NEWSWIRE) -- Altra Holdings Inc., (Nasdaq:AIMC), a leading global supplier of clutch brakes, couplings, gearing, belted drives and power transmission components, announced today that it will relocate its Asia Pacific manufacturing operations to a new location in Shenzhen, China. This facility will serve as the company's principle manufacturing site in China and will primarily support Altra customers in the local Asia Pacific market. Carl Christenson, Altra's President and CEO, stated, "In spite of the global economic downturn, we are committed to investing in areas that support Altra's overall growth strategy. Our new location in China virtually doubles our manufacturing capacity, significantly improves lean product flow on the shop floor, and offers our associates a much improved modern and safe working environment." The relocation is anticipated to be complete by the end of the third quarter 2009.
ATMI Augments Existing Semiconductor Facility to Manufacture Ultraclean, Single-Use Bioprocess Products for Life Science Customers in the United States
LA JOLLA, Calif., June 1, 2009 (GLOBE NEWSWIRE) -- ATMI, Inc. (Nasdaq:ATMI) today announced plans to double its global production capacity of ultraclean, disposable bioprocess vessels for life sciences applications through upgrades and modifications to its North American manufacturing facility in Bloomington, Minn. The site, which supplies products for the integrated circuit (IC) and flat panel display (FPD) markets, adds a Grade B clean room for fabricating complex three-dimensional storage, mixing and bioreactor vessels for life sciences customers. In addition to maintaining its current IC and FPD operations, the plant upgrade will entail creation of an on-site quality testing laboratory.
Levin, Papantonio, Thomas, Mitchell
Levin Papantonio Client Obtains Jury Award in Tobacco Case
PENSACOLA, Fla., June 1, 2009 (GLOBE NEWSWIRE) -- A Florida jury has awarded $5 Million in compensation and $25 Million in punitive damages against a tobacco company. In ruling against R.J. Reynolds Tobacco Company, the jury found that the company's conspiracy to conceal information about cigarettes was a legal cause of the death of Benny Martin. The Martin case is one of the first to be tried after the 2006 ruling of the Florida Supreme Court in Engle v. Liggett Group, Inc. that de-certified a class action against the tobacco companies. Robert Loehr, attorney for the estate of Benny Martin, said in opening statement to the jury that R.J. Reynolds and other tobacco companies conspired to make their products more addictive to customers and withheld information about the dangers of smoking. Loehr, along with attorney Matt Schultz, members of the law firm Levin, Papantonio, Thomas, Mitchell, Echsner & Proctor, P.A., are handling about 45 such cases throughout the state.