latest news releases from the newsroom
Telelogic Signs 573,000 EUR Agreement with Leading Defense Manufacturer
MALMO, Sweden, Oct. 03, 2005 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), leading provider of software solutions that align advanced systems and software development with business objectives, today announced plans to extend its Enterprise Agreement with one of the largest manufacturing exporters of advanced defense and aerospace products.
Roberts Realty Investors, Inc.
Roberts Realty Investors, Inc. Acquires Two Retail Centers
ATLANTA, Oct. 3, 2005 (PRIMEZONE) -- Roberts Realty Investors, Inc. (AMEX:RPI) announces that it purchased two retail centers in two separate transactions totaling 82,272 square feet for prices totaling $15.7 million. On September 29, 2005, Roberts Realty purchased Grand Pavilion, a 62,323 square foot retail center in Alpharetta, Georgia, for $10.9 million. The center is located at the intersection of State Bridge Road and Kimball Bridge Road, just one mile south of the newly constructed Addison Place Shops, another Roberts Realty retail center. Grand Pavilion was 88% leased at the time of purchase. Roberts Realty assumed $7 million in debt and financed the balance with proceeds from the May 2005 sale of the company's Ballantyne Place residential community, located in Charlotte, North Carolina.
Turnaround Partners, Inc.
Tobin Smith Joins Emerge Capital as Chief Investment Officer and Board Member
HOUSTON, Oct. 3, 2005 (PRIMEZONE) -- Emerge Capital Corp. (OTCBB:NUWV) (previously known as NuWave Technologies, Inc.) announced today that Tobin Smith, chairman of ChangeWave Research, has joined the company as chief investment officer and a member of the Board of Directors. He has also received options to acquire fifteen percent of the common stock of Emerge Capital. Tobin Smith said, "Emerge Capital is a unique opportunity to capitalize on the concept we pioneered at ChangeWave Research. We believe that by organizing a network of experienced professionals to help us take advantage of the research inefficiencies of the 5,000-plus companies within the micro-cap world, we can create an opportunity for both income and capital gain rewards for our shareholders."
Dune Energy, Inc.
Dune Energy, Inc. Completes $6 Million Private Equity Offering; Extends Termination Date For Purchase of Barnett Shale Properties
HOUSTON, Oct. 3, 2005 (PRIMEZONE) -- Dune Energy, Inc. ("Dune" or the "Company") (AMEX:DNE) today announced that it has closed a $6 million private equity offering. A total of 3,243,243 shares of common stock were sold at a price of $1.85 per share. Houston based investment bankers Sanders Morris Harris Inc. acted as Placement Agent in the offering and received (i) a cash fee equal to 5% of the gross proceeds and (ii) a warrant exercisable for up to 324,324 shares of the Company's Common Stock at an exercise price of $1.85 per share. The Company has agreed to register both the shares issued to investors and the shares underlying the warrant for resale upon the earlier of (i) six months or (ii) the next registration statement filed by the Company (other than on Form S-8 or S-4).