latest news releases from the newsroom
UTi Worldwide Acquires the Span International Group of Companies
RANCHO DOMINGUEZ, Calif., Nov. 17, 2006 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced the acquisition of Span America Holding Company, Inc. and Span Manufacturing Limited (together, the "Span International Group of Companies" or "Span"), a value-added provider of integrated and customized supply chain management solutions, primarily in North America. The Span International Group of Companies, headquartered in Markham, near Toronto, Ontario, Canada, was previously privately held and will now become part of UTi's contract logistics team in the Americas. With annual gross and net revenues of approximately $39.1 million and $36.0 million, respectively, for the twelve-month period ended December 31, 2005, the Span International Group of Companies is expected to be accretive to UTi's net income during the first year. Terms of the transaction were not disclosed.
The Pomerantz Firm Charges Warner Chilcott Limited With Securities Fraud -- WCRX
NEW YORK, Nov. 17, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit in the United States District Court Southern District of New York, against Warner Chilcott Limited ("Warner Chilcott" or the "Company") (Nasdaq:WCRX) and certain officers, on behalf of purchasers of the common stock of the Company during the period from September 20, 2006 through September 26, 2006, inclusive (the "Class Period"). The complaint alleges violations of the Securities Act of 1933.
Power Integrations, Inc.
Power Integrations Receives Expected NASDAQ Notice Regarding Delayed Filing of Form 10-Q
SAN JOSE, Calif., Nov. 17, 2006 (PRIMEZONE) -- Power Integrations (Nasdaq:POWI) today announced that, as expected, it has received an additional Staff Determination notice from the Nasdaq Stock Market stating that the company is not in compliance with Marketplace Rule 4310(c)(14) because it has not filed Form 10-Q for the quarter ended September 30, 2006. Such notice is customarily issued to NASDAQ-listed companies when required periodic filings are not made on a timely basis.
Speedel Presents SPP200 Positive Safety and Efficacy Results
BASEL, Switzerland and BRIDGEWATER, N.J., Nov. 17, 2006 (PRIMEZONE) -- Speedel (SWX:SPPN) today announced that it is very pleased with the Phase II clinical data on SPP200 in the treatment of 127 patients on chronic haemodialysis presented today at the annual meeting of The American Society of Nephrology (ASN) in San Diego. The data(1) demonstrated the robust efficacy and the good safety profile of SPP200 (pegmusirudin) which is a long-acting direct thrombin inhibitor designed to prevent the formation of clots in vascular grafts.
Blackhawk Capital Group BDC, Inc.
Blackhawk Files Form 1-E with U.S. Securities and Exchange Commission to Raise $5 million in Equity
NEW YORK, Nov. 17, 2006 (PRIMEZONE) -- On November 16, 2006, Blackhawk Capital Group BDC, Inc. filed a Form 1-E containing a preliminary offering circular with the U.S. Securities and Exchange Commission to commence a $5 million private placement of common stock at a $1.00 per share offering price under Regulation E. Sanders Morris Harris, Inc. is the placement agent. A notification pursuant to Regulation E relating to these securities has been filed with the U.S. Securities and Exchange Commission. Information contained in the Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted prior to the time an offering circular which is not designated as a Preliminary Offering Circular is delivered. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of any such state.
The Veggie Grill
Photo Release -- The OC's Hottest New Restaurant Marks Its Debut in Irvine
IRVINE, Calif., Nov. 17, 2006 (PRIMEZONE) -- The owners of a new restaurant are betting that the public will embrace "the next step in the evolution of American dining" as The Veggie Grill marks its debut at the University Center in Irvine (4213 Campus Drive, near Trader Joe's). The brainchild of Internet entrepreneur T.K. Pillan, investment firm owner Kevin Boylan and veteran restaurateur Ray White, The Veggie Grill features a menu of classic American food with an exotic twist. The sandwiches, burgers, salads, decadent desserts and other casual fare contains ingredients rarely used in Western cooking that are flavorful, boast exquisite textures and do not contain any of the harmful elements found in so many of today's foods. White expects that The Veggie Grill will distinguish itself amongst others in the genre much like his previous endeavor, Native Foods, did when it earned USA Today's "best vegetarian restaurant in the nation" designation.