latest news releases from the newsroom
Legacy Reserves LP
Legacy Reserves LP Prices Initial Public Offering
MIDLAND, Texas, Jan. 11, 2007 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced the pricing of its initial public offering of 6,000,000 units representing limited partner interests at $19.00 per unit. The partnership's units have been approved for listing on the NASDAQ Global Market under the symbol "LGCY." The offering is expected to close on January 18, 2007. Net proceeds to the partnership after underwriting discount and estimated offering expenses are expected to be approximately $104 million, all of which will be used to repay indebtedness outstanding under Legacy Reserves' credit facility. Legacy Reserves LP has granted the underwriters a 30-day option to purchase up to an additional 900,000 units at the same price per unit. If the underwriters exercise their option to purchase additional units, Legacy Reserves intends to use the net proceeds to repay indebtedness and for general partnership purposes.
Solomon Technologies, Inc.
Solomon Announces International Trade Commission Decision Delay
TARPON SPRINGS, Fla., Jan. 11, 2007 (PRIME NEWSWIRE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has been notified by the Administrative Law Judge at the U.S. International Trade Commission (ITC) that the deadline for the initial determination in Solomon's patent infringement case against Toyota Motor Corporation and some of it's affiliates has been extended. In an order issued by Judge Luckern on January 10, 2007 Judge Luckern cited the reasons for the extension as a time constraint created by the commencement of an evidentiary hearing in an other case on January 17th, a final determination in an unrelated matter issued on December 20th and the Christmas Holidays. The order noted that "any final initial determination on violation should be filed no later than February 13, 2007."
Sichenzia Ross Friedman Ference LLP
Richard Friedman to Moderate Panel on Regulatory Issues Relating to PIPE Financing Transactions
NEW YORK, Jan. 11, 2007 (PRIME NEWSWIRE) -- Richard Friedman, founding member of Sichenzia Ross Friedman Ference LLP (SRFF), will present and moderate a panel discussion on "Registration Statements: Regulatory Landmines in PIPE Transactions" on January 26 at the 6th Annual Summit on PIPEs in New York. This panel will assess the latest developments in the SEC's application and interpretation of regulations when reviewing registration statements covering the proposed resale on a secondary basis of PIPE financings in connection with Rule 415, and will discuss the impact of the SEC's evolving position on this rule.
Vales Consulting Group LLC
Business Process Outsourcing: Joe Vales and Gil Parker Recognized as 2007 Superstars by Editors of HRO Today
NEW YORK, Jan. 11, 2007 (PRIME NEWSWIRE) -- Joseph Vales and Gil Parker, the market leaders in providing marketing and business development services to the global information technology outsourcing (ITO) and business process outsourcing (BPO) industries, have been selected as 2007 HRO Superstars by the editors of HRO Today, the HR outsourcing industry's preeminent trade publication. The annual list recognizes the most influential and respected corporate buyers, service providers, strategy consultants and thought leaders for their achievements and contributions to the global HR outsourcing industry.