latest news releases from the newsroom
Hemispherx Biopharma, Inc.
Hemispherx Announces Executive Bonuses
PHILADELPHIA, Dec. 31, 2007 (PRIME NEWSWIRE) -- The Board of Directors of Hemispherx Biopharma, Inc. (AMEX:HEB) announces that, on December 26, 2007, certain executives were awarded bonuses of 25% of base salaries for performance in relation to 2007 corporate goals and objectives. Bonuses were awarded to W.A. Carter, M.D., CEO and Chairman of the Board ($166,156), Anthony Bonelli, COO ($87,500), Robert Peterson, CFO ($64,791), Dr. David Strayer, Chief Medical Officer ($50,347) and Wayne Springate, V.P. of Manufacturing ($37,500).
EvergreenBancorp Reports Impact of Visa Litigation
SEATTLE, Dec. 31, 2007 (PRIME NEWSWIRE) -- EvergreenBancorp, Inc. (OTCBB:EVGG), the holding company for EvergreenBank, today announced that it will record a fourth quarter 2007 pretax charge of approximately $1.4 million, reducing earnings after tax by $940,000 or $0.39 per diluted share, representing its proportionate share of certain litigation involving Visa, Inc. and a number of Visa member banks, including EvergreenBank.
Izard Nobel LLP
Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against Basin Water, Inc.
HARTFORD, Conn., Dec. 31, 2007 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Central District of California on behalf of all persons who purchased the common stock of Basin Water, Inc. ("Basin" or the "Company") (Nasdaq:BWTR) between May 14, 2007 and November 13, 2007, inclusive (the "Class Period"). Also included are those who received Basin shares as a result of the acquisition of Mobile Process Technology Co.
Double Eagle Holdings, Inc.
Double Eagle Holdings Acquires Majority Stake in UltimateCollegeModel.com From Adam Adler
TULSA, Okla., Dec. 31, 2007 (PRIME NEWSWIRE) -- Double Eagle Holdings, Inc. (OTCBB:DEGH) announces today that it has acquired a 60% interest in Ultimate Social Network, Inc. (USNI) and its wholly-owned contestant website, The Ultimate College Model (www.ultimatecollegemodel.com). The Company issued 6,400,000 shares of its common stock to Adam Adler and his associates for the 60% ownership interest in USNI and committed to invest an additional $125,000 to enhance the website and its contest.
The NASDAQ OMX Group, Inc.
NASDAQ Obtains Clearance From the Committee On Foreign Investment in the United States
NEW YORK, Dec. 31, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced that it has obtained clearance from The Committee on Foreign Investment in the United States (CFIUS) concerning Borse Dubai's investment in NASDAQ, which will allow NASDAQ to proceed with its plans to combine with Stockholm-based OMX AB (publ) (OMX). NASDAQ and Borse Dubai Limited (Borse Dubai) had previously voluntarily submitted their agreement to CFIUS for review.