latest news releases from the newsroom
Aftersoft Group, Inc.
Aftersoft Group Completes Revolving Credit and Term Loan Agreement
NEW YORK and LONDON, Dec. 31, 2007 (PRIME NEWSWIRE) -- Aftersoft Group Inc. (OTCBB:ASFG), a leading supplier of software and services to the automotive aftermarket in the U.S., U.K. and Canada, today announced that it has successfully completed a Revolving Credit and Term Loan Agreement with ComVest Capital LLC, raising $6,000,000 in new funds for working capital and other general corporate purposes.
Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Definitive Agreement For Sale of Company
HOUSTON, Dec. 31, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that the Company and Trans Meridian International, Inc., a British Virgin Islands company formed by the Company's Chairman and Chief Executive Officer Lorrie T. Olivier ("TMI"), have entered into a definitive merger agreement pursuant to which TMI, through a wholly owned subsidiary, will commence a tender offer to purchase all of the Company's outstanding shares of common stock for a price of $3.00 per share, payable net to the seller in cash. The purpose of the tender offer is to acquire for cash as many outstanding shares as possible of the Company's common stock as a first step in a "going private" transaction resulting in TMI acquiring the entire equity interest in the Company. If the transaction is completed, TMI contemplates that the shares of the Company's common stock would be delisted from trading on the AMEX and deregistered with the Securities and Exchange Commission.
QLogic Executives to Present At Needham & Company Growth Stock Conference
ALISO VIEJO, Calif., Dec. 31, 2007 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that H.K. Desai, chief executive officer, and Tony Massetti, senior vice president and chief financial officer, will present at the 10th Annual Needham & Company Growth Stock Conference on Wednesday, January 9, 2008 at 8 a.m. Eastern Time in New York City. The conference will be held at The New York Palace Hotel.