latest news releases from the newsroom
RedChip Companies Inc.
RedChip Visibility Issues Third Quarter 2007 Research Update On H2Diesel Holdings
ORLANDO, Fla., Feb. 15, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., today announced that it has issued a research update for the third quarter 2007 on H2Diesel Holdings, Inc. (OTCBB:HTWO), a development stage company working to commercialize the manufacture of an alternative biofuel made from domestically produced, renewable vegetable oil.
Port of Houston Authority
PHA Commission Considers Bayport, Security Matters
HOUSTON, Feb. 15, 2008 (PRIME NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) will consider the extension of a Bayport Terminal Complex management agreement and authorization for sealed proposals on security monitoring devices on Tuesday, February 19, beginning at 9 a.m. in the board room of the PHA Executive Building, 111 East Loop North (Exit 29 off Loop 610) in Houston. Chairman Jim Edmonds will preside over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
Vision-Sciences, Inc. Reaches an Amended Supply Agreement With Pentax and Announces Delay in Release of Third Quarter Results
ORANGEBURG, N.Y., Feb. 15, 2008 (PRIME NEWSWIRE) -- Vision-Sciences, Inc., (Nasdaq:VSCI) ("Vision-Sciences" or the "Company"), reached a satisfactory arrangement for the transition of its supply relationship with Pentax Corporation, a long-time supplier of certain components used in the Company's fiberoptic-based endoscopes, including in our ENT (ear, nose & throat), Cystoscopes and TNE (transnasal esophagoscopy) scopes sold in the medical segment, and boroscopes sold in the industrial segment. Under the terms of the agreement entered into with Pentax on February 12, 2008, the Company and Pentax resolved their pending disputes and agreed to dismiss all related legal proceedings, over pricing, volumes and delivery schedules for the components supplied by Pentax. The agreement modified the terms of the Supply Agreement between the Company and Pentax, dated March 16, 1992, as amended, by, among other things (1) moving forward the termination date of the supply relationship to February 28, 2009 from March 15, 2009, and (2) providing an agreed upon purchase order and delivery schedule of components from Pentax through February 28, 2009.