latest news releases from the newsroom
Sunflower Electric Power Corporation
Sunflower Endorses National Renewables Initiative
HAYS, Kan., Sept. 12, 2007 (PRIME NEWSWIRE) -- Sunflower Electric Power Corporation recently joined a growing list of organizations across the United States that have endorsed the national initiative to produce 25 percent of the nation's energy from renewable resources by 2025. The Hays-based company became the first utility in Kansas to commit to the national plan.
Innospec Awarded Gold Medal From Royal Society for the Prevention of Accidents -- RoSPA
NEWARK, Del., Sept. 12, 2007 (PRIME NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that its Ellesmere Port, U.K., production facility was recently awarded a Gold Medal by the Royal Society for the Prevention of Accidents (RoSPA). This prestigious award recognizes the plant's outstanding safety, health and environmental performance. Innospec was one of only nine chemical companies in the U.K. to receive a Gold Medal from RoSPA.
Exosphere Aircraft Company, Inc.
Exosphere Aircraft Company Launches Diverse Dealer Network
SEATTLE, Sept. 12, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA) announces today the launch of its national dealer network. Exosphere Aircraft Company manufactures the BD-22 and BD-22S, two fresh designs by legendary aircraft designer Jim Bede. The dealer network will be comprised of a combination of current light-sport aircraft distributors, several existing dealers not presently offering light-sport aircraft, and service centers. The company is also in discussions with established dealer networks currently offering complimentary but non-aviation specific products to consumers. The criteria for potential dealers are currently and will be based on experience in the aviation industry, strategic geographic location, and innovative marketing that successfully reaches potential LSA pilots. Dealers interested in determining their eligibility for this network can contact Ron Henthorn at (206) 219-6854.
Capital Product Partners L.P.
Capital Product Partners L.P. Announces Intention to Acquire Product Tanker M/T Attikos
ATHENS, Greece, Sept. 12, 2007 (PRIME NEWSWIRE) -- Capital Product Partners L.P. (Nasdaq:CPLP) announced today that the company has signed a non-binding letter of intent to acquire the 12,000dwt double hull product tanker M/T Attikos, built in 2005, for an aggregate proposed purchase price of $23 million from Capital Maritime & Trading Corp., the owner of its general partner. M/T Attikos is chartered to Trafigura Beheer B.V., a large commodities trader based in The Netherlands with a remaining charter term of approximately 24 to 26 months at the gross rate of $13,850 per day (net rate $13,503). The operating expenses will be fixed for the next 5 years at a daily rate of $5,500, which includes the special survey/dry docking of the vessel due in 2010. Capital Product Partners expects the annual contribution associated with the acquisition of M/T Attikos to the distributable cash flow to be approximately 4 cents per unit. The acquisition of M/T Attikos is subject to the execution of definitive agreements, the satisfaction of customary conditions to closing and approval by the conflicts committee and the Board of Directors of Capital Product Partners. The company intends to fund the acquisition by borrowing $20.5 million under its existing revolving credit facility and the remaining $2.5 million from available cash.