latest news releases from the newsroom
XOMA Announces Automatic Conversion of All Remaining Outstanding Convertible Notes
BERKELEY, Calif., March 7, 2007 (PRIME NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) announced today that it has elected to automatically convert all of its remaining outstanding Convertible SNAPs(sm) due 2012 (approximately $2.5 million) into common shares pursuant to the terms of the indenture governing the notes. In the automatic conversion, the Company will issue approximately 1.4 million common shares, including approximately 100 thousand shares to be issued in payment of a portion of the additional interest provided for in the indenture, and will pay holders of the notes a total of approximately $300 thousand in cash in payment of the remaining portion of the additional interest. The automatic conversion will take effect on or about March 27, 2007. All other outstanding Convertible SNAPs(sm) due 2012 have been voluntarily converted by the holders prior to March 7, 2007. After giving effect to the automatic conversion, the Company expects to have approximately 131.5 million common shares outstanding.
Sweet Success Enterprises, Inc.
Sweet Success Adds Specialty Stores to Its Growing List of Retailers
SAN ANTONIO, March 7, 2007 (PRIME NEWSWIRE) -- Sweet Success Enterprises Inc.(OTCBB:SWTS), the maker of innovative and delicious all-natural healthy-lifestyle beverages, announced today it has received purchase orders from two of the nation's premier health food stores: Rice Epicurean Markets in Houston, Texas and Hi Health stores in Arizona. Sweet Success(r) Fuel for Health(tm) products are currently available for purchase in the upscale supermarkets and specialty health foods stores.
SimpleTech Completes Corporate Name Change to STEC
SANTA ANA, Calif., March 7, 2007 (PRIME NEWSWIRE) -- SimpleTech, Inc. (Nasdaq:STEC) announced it has legally changed its corporate name to "STEC, Inc." effective today. The ticker symbol for the Company's common stock will remain the same. The name change resulted from the February 9, 2007 sale of assets of the Company's Consumer Division, which included the brand name "SimpleTech." As part of the name change, STEC has released a new company logo and launched a new company website at www.stec-inc.com.