latest news releases from the newsroom
Chang-On International, Inc.
Chang-On International Inc. Completes Fly Ash Market Feasibility Research
HARBIN, China, Sept. 9, 2008 (GLOBE NEWSWIRE) -- Chang-On International Inc. (OTCBB:CAON), a Chinese manufacturer of green architectural products made of its innovative SF brand of synthetic resin, today announced the completion of its initial investigation of fly ash utilization in support of its international marketing and licensing strategies. Focusing on countries with the highest proven coal reserves, the Company examined annual production and utilization of the by-products, collectively known as Coal Combustion Products (CCPs), of burning coal at electric utility power plants. Fly ash, which has minerals commonly found in the earth's crust, is the most prevalent CCP in a number of countries. The Company utilizes fly ash in its synthetic materials to lower the raw material cost and increase the physical characteristics of its products.
Westinghouse Solar, Inc.
Akeena Solar's Andalay Panels Now Light Years Ahead of Competition
LOS GATOS, Calif., Sept. 9, 2008 (GLOBE NEWSWIRE) -- Akeena Solar, Inc. (Nasdaq:AKNS), a leading designer and installer of solar power systems, today announced the first major enhancement to its revolutionary integrated Andalay Solar Power System since the system's debut in September 2007. Akeena's commitment to improving Andalay has led to enhancing the panel's roof mounting and wire management systems, bolstering its reliability and further distancing itself from conventional systems.
Tripos to Acquire Pharsight Corporation
ST. LOUIS and MOUNTAIN VIEW, Calif., Sept. 9, 2008 (GLOBE NEWSWIRE) -- Tripos, a leading provider of drug discovery informatics products and services, and Pharsight Corporation (Nasdaq:PHST), a leading provider of software, strategic, and regulatory services designed to optimize clinical drug development, today announced they have entered into a definitive agreement for Pharsight to be acquired by Tripos for approximately $57 million in cash. Tripos is wholly owned by Vector Capital, a San Francisco-based private equity firm specializing in buyouts, spinouts and recapitalizations of established technology businesses. Under the terms of the agreement, Pharsight stockholders will receive $5.50 in cash for each outstanding share of common stock. This price represents a premium of 29% over the average closing price of Pharsight's common stock over the thirty trading day period ending on September 8, 2008, the last trading day before the date of this announcement.
Virco Mfg. Corporation
Virco Announces Second Quarter Results
TORRANCE, Calif., Sept. 9, 2008 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq:VIRC) today announced second quarter results in the following letter to stockholders from Robert A. Virtue, President and CEO:
Idaho Independent Bank
Idaho Independent Bank Boasts Top Safety and Soundness Ranking
COEUR D'ALENE, Idaho, Sept. 9, 2008 (GLOBE NEWSWIRE) -- Idaho Independent Bank ("IIB") (OTCBB:IIBK), stands strong in this current economic environment while many financial institutions are faltering. Idaho Independent Bank has earned a 5-Star Superior rating from BauerFinancial, Inc. of Coral Gables, Florida, the nation's leading independent bank rating and research firm. The 5-Star rating is based on the overall financial strength of the bank and indicates that Idaho Independent Bank is one of the strongest banks in the nation. This represents the 40th consecutive quarter that Idaho Independent Bank has earned this highest honor giving it the added distinction of being an "Exceptional Performance Bank." Only institutions that have achieved this highest 5-Star rating for ten years or longer can claim this distinction.
SBA Communications Corporation
SBA Communications Corporation to Speak At the Goldman Sachs Communacopia Conference
BOCA RATON, Fla., Sept. 9, 2008 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq:SBAC) ("SBA") announced that Jeffrey A. Stoops, President and Chief Executive Officer, is scheduled to speak at the Goldman Sachs Communacopia Conference on September 17, 2008 at 3:25pm EDT at the Grand Hyatt New York. The audio presentation as well as the slide presentation presented by SBA at the conference can be accessed by visiting SBA's website www.sbasite.com on September 17, 2008.