latest news releases from the newsroom
Edgewater Technology, Inc.
Edgewater Announces Strategic Alliance With ISO Insurance Technology Solutions
WAKEFIELD, Mass. and JERSEY CITY, N.J., Oct. 15, 2007 (PRIME NEWSWIRE) -- Edgewater Technology, Inc. (Nasdaq:EDGW) ("Edgewater"), a technology management consulting firm specializing in providing premium IT services, and ISO Insurance Technology Solutions ("ISO-ITS"), a premier provider of property/casualty policy and rating solutions, today jointly announced they have entered into a strategic alliance.
Appalachian Bancshares, Inc.
Appalachian Bancshares Inc. Appoints Danny F. Dukes as Chief Financial Officer
ELLIJAY, Ga., Oct. 15, 2007 (PRIME NEWSWIRE) -- Appalachian Bancshares Inc. (Nasdaq:APAB), effective October 15, 2007, has appointed Danny F. Dukes as Executive Vice President and Chief Financial Officer of both the Company and its wholly owned subsidiary, Appalachian Community Bank. Dukes will oversee all financial functions, including accounting, treasury, financial reporting and budgeting, among other duties.
FreeSeas Inc. Announces Proposed Public Offering of Common Stock
PIRAEUS, Greece, Oct. 15, 2007 (PRIME NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) Nasdaq:FREEW) (Nasdaq:FREEZ) ("FreeSeas" or "the Company"), a provider of seaborne transportation for drybulk cargoes, announced today that it is commencing a public offering of 10,000,000 shares of its common stock. Credit Suisse, Cantor Fitzgerald & Co., Oppenheimer & Co., and DVB Capital Markets are underwriting the offering. The Company expects to grant the underwriters an option to purchase an additional 1,500,000 shares of common stock to cover any over-allotments, exercisable within 30 days, and expects to price the offering within the next two weeks.
FreeSeas Inc. Reports Successful Refloating of Free Jupiter
PIRAEUS, Greece, Oct. 15, 2007 (PRIME NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEW) (Nasdaq:FREEZ) ("FreeSeas" or "the Company"), a provider of seaborne transportation for drybulk cargoes, announced today that the M/V Free Jupiter has been successfully refloated following its grounding incident on September 21, 2007. The vessel's inspection by its classification society has been completed, and it is expected that the vessel will be allowed to complete its current short time charter and then proceed to dry-docking. Arrangements for dry-docking have been made, and it is expected to last until approximately the end of November, although the repair period could be longer. The vessel's three-year time charter is anticipated to begin following completion of the dry-docking.
Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Awarded Prime Contract From U.S. Air Force Materiel Command Valued At Approximately $5.2 Million
SAN DIEGO, Oct. 15, 2007 (PRIME NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) (formerly Wireless Facilities, Inc.) (Nasdaq:WFII), a leading national defense and security solutions provider, announced today that its Huntsville office (formerly Madison Research Company) has been awarded a prime contract for the maintenance and sustainment of the Command Management System (CMS) by the U.S. Air Force, 554 Electronic System Group (ELSG). The ELSG is part of the Air Force Materiel Command (AFMC) at Wright-Patterson AFB, Ohio. The contract is valued at approximately $5.2 million over a one year base period and four option years.