latest news releases from the newsroom
Roy Jacobs & Associates
Roy Jacobs & Associates Investigating RemoteMDx Inc. for Possible Securities Law Violations
NEW YORK, March 10, 2008 (PRIME NEWSWIRE) -- Roy Jacobs & Associates announces that it is investigating possible securities violations relating to recent revelations by RemoteMDx Inc. (OTCBB:RMDX), which revealed ballooning operational and research and development expenses. Questions were also raised as about the sales of its products to at least one of its largest customers. As a result, the Company's shares dropped over 50 percent on greatly increased trading volume. Thereafter, the Company revealed problems with its key product, and disclosed that it had been forced to replace a large number of its GPS tracking units with updated units, apparently for free, adding to its expense burden.
GulfMark Offshore, Inc.
GulfMark to Present At the Lehman Brothers' 2008 High Yield Bond and Syndicated Loan Conference
HOUSTON, March 10, 2008 (PRIME NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF) announced today that Bruce A. Streeter, the Company's President and CEO, and Edward A. Guthrie, the Company's Executive V.P. - Finance and CFO will present at the Lehman Brothers' 2008 High Yield Bond and Syndicated Loan Conference in Lake Buena Vista, Florida, on Thursday, March 13th at 10:50 am (EDT).
Wolverine Tube Inc.
Wolverine Announces $48.3 Million in Debt and Equity Commitments From Plainfield and Alpine Group
HUNTSVILLE, Ala., March 10, 2008 (PRIME NEWSWIRE) -- Wolverine Tube, Inc. (OTCBB:WLVT) ("Wolverine") announced that it has entered into $48.3 million of capital commitments with Plainfield Special Situations Master Fund Limited ("Plainfield") and The Alpine Group, Inc. ("Alpine"). Plainfield and Alpine currently own 54,494 shares of 8 1/2% Convertible Preferred Stock of Wolverine, convertible into approximately 55% of Wolverine on a fully diluted basis.