latest news releases from the newsroom
Intrepid Technology and Resources, Inc.
Natural Gas Prices Benefiting Intrepid Technology
IDAHO FALLS, Idaho, April 6, 2005 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB:IESV), a renewable energy company, announces that the average daily price of gas was up 27% for March 2005 compared to one year ago when it began construction of its Whitesides Biogas plant, and with the closing price on April 1st at $7.74 per thousand cubic feet (mcf), ITR is seeing a substantial increase in its planned revenue projections for its Methane-to-Market business.
Notice to attend the Annual General Meeting of Vitrolife AB
STOCKHOLM, Sweden, April 6, 2005 (PRIMEZONE) -- The shareholders of Vitrolife AB (publ) are hereby invited to the Annual General Meeting of shareholders on Tuesday May 10, 2005 at 5 pm on the premises of SE Banken in Gothenburg, Sodra Hamngatan 11, 411 14 Gothenburg, Sweden (the Chalmers suite).
ViroPharma Announces Exercise of Option to Purchase Additional Senior Convertible Notes
EXTON, Pa., April 6, 2005 (PRIMEZONE) -- ViroPharma Incorporated (Nasdaq:VPHM) today announced that the initial investors in its 6% Senior Convertible Subordinated Notes, due October 18, 2009, have exercised in full their option to purchase $12.5 million aggregate principal amount of the Company's Senior Convertible Notes pursuant to the terms of the Securities Purchase Agreement dated October 18, 2004. With the exercise of the option, the private placement results in the issuance of $75 million aggregate principal amount of Senior Convertible Notes. The notes are convertible into shares of ViroPharma common stock at the option of the holder at any time prior to maturity at an initial conversion rate of $2.50 per share, and by ViroPharma at a price of $3.75 per share if certain conditions are met.
The Plasencia Group
The Plasencia Group Advises Intercontinental Hotels Group on the Sale of the Americas Hotel Portfolio
TAMPA, Fla., April 6, 2005 (PRIMEZONE) -- The Plasencia Group, Inc., and its affiliate, Regent Street, have completed the largest portfolio transaction in North America thus far this year on behalf of InterContinental Hotels Group, PLC with the sale of thirteen hotels valued at $425M to Hospitality Properties Trust (NYSE:HPT) and two hotels valued at $303.5M to Strategic Hotel Capital, Inc. (NYSE:SLH). The fifteen assets in the Americas portfolio include InterContinentals, Crowne Plazas, Holiday Inns and Staybridge Suites.
StockGuru.com Issues Profile Report on Bridgetech Holdings International, Inc.
DALLAS, April 6, 2005 (PRIMEZONE) -- StockGuru.com has issued a Profile Report on Bridgetech Holdings International, Inc. (Pink Sheets:BGTH). In the report authored by Shailesh Dhuri, CFA, Financial Analyst for StockGuru.com, Mr. Dhuri reports, "China's growth story is unfolding fast. For new, young businesses in the western world it would be ill-advised to ignore Chinese demand and/or the Chinese production base. However, China is difficult to maneuver. This creates opportunities to companies such as Bridgetech to offer unique solutions to new American businesses for a rewarding entry in the Chinese markets."
Vestin Group, Inc.
Vestin Chairman Initiates Tender Offer for The Company
LAS VEGAS, April 6, 2005 (PRIMEZONE) -- Vestin Group, Inc. (Pink Sheets:VSTN) announced that Michael V. Shustek, its majority shareholder, has commenced an all cash tender offer to purchase any and all of the outstanding shares of the company he does not presently own for $2.85 per share. Mr. Shustek has filed with the SEC a Tender Offer Statement on Schedule TO with respect to the offer and Vestin has filed with the SEC a Schedule 14D-9 and Schedule 13E-3. The full text of Mr. Shustek's Offer to Purchase and the related letter of transmittal and other documents have been filed with the Schedule TO. These filings contain important information; investors and shareholders are strongly advised to read them carefully before making any decision with respect to the offer.