latest news releases from the newsroom
Vertical Branding, Inc.
Vertical Branding, Inc. Announces $5 Million Asset-Based Line of Credit
LOS ANGELES, June 7, 2007 (PRIME NEWSWIRE) -- Vertical Branding, Inc. (OTCBB:VBDG) announced today that it has closed an asset-based financing arrangement with BFI Finance located in San Jose, California. The line of credit affords up to $5 million of borrowing capacity subject to the availability and value of eligible accounts receivable and inventory assets. The Company expects access to additional working capital through the line to enhance the growth in the Company's transactional marketing and retail distribution business segments.
Coronado Biosciences, Inc.
Raymond Tesi, M.D., F.A.C.S. Joins Coronado Biosciences as President and Chief Executive Officer
SAN DIEGO, June 7, 2007 (PRIME NEWSWIRE) -- Coronado Biosciences, Inc., a fast growing biopharmaceutical company developing next-generation therapies for cancer, today announced that Raymond Tesi, M.D., F.A.C.S. has joined Coronado Biosciences as its President and Chief Executive Officer.
Donegal Group Inc.
Sheboygan Falls Mutual Insurance Company and Donegal Mutual Insurance Company Complete Strategic Affiliation
SHEBOYGAN FALLS, Wis. and MARIETTA, Pa., June 7, 2007 (PRIME NEWSWIRE) -- Sheboygan Falls Mutual Insurance Company and Donegal Mutual Insurance Company announced today that they have completed an affiliation whereby Donegal Mutual purchased a $3,500,000 contribution note from Sheboygan Falls Mutual and Donegal Mutual entered into a services agreement with Sheboygan Falls Mutual for the purpose of reducing costs through economies of scale. In addition, certain designees of Donegal Mutual have joined the Board of Directors of Sheboygan Falls Mutual. The transaction was approved by the Commissioner of Insurance of the State of Wisconsin.
RedChip Companies Inc.
RedChip Launches Daily Podcast: Dave Gentry, CEO of RedChip Companies, Inc., Discusses Vertical Branding, Inc.
ORLANDO, Fla., June 7, 2007 (PRIME NEWSWIRE) -- RedChip Companies, Inc. announced today the launch of its daily podcast. The podcast features Dave Gentry, CEO of RedChip Companies, Inc., discussing general market news as well as RedChip client companies. The initial RedChip Podcast(tm) features Vertical Branding, Inc. (OTCBB:VBDG), a consumer products branding, marketing and distribution company. Topics covered during the initial RedChip Podcast(tm) includes a corporate overview of Vertical Branding, Inc., the Company's first quarter revenues, as well as short and long-term strategic objectives for the Company.
Guidance Software to Release EnCase eDiscovery Suite Version 2
PASADENA, Calif., June 7, 2007 (PRIME NEWSWIRE) -- Guidance Software Inc. (Nasdaq:GUID), The World Leader in Digital Investigations(tm), today announced the upcoming release of the eDiscovery solution, EnCase(r) eDiscovery Suite. eDiscovery Suite v2 leverages the power of Guidance Software's flagship product, EnCase Enterprise, so that organizations can efficiently address eDiscovery in-house. eDiscovery Suite users can search, identify, cull, collect and process electronically stored information (ESI) across the enterprise, addressing several core requirements of the eDiscovery process, reducing risk, and achieving a substantial return on investment (ROI) with cost savings of up to 90 percent.