latest news releases from the newsroom
Top Image Systems Ltd.
Top Image Systems Updates Interest Rate On Its Series A Convertible Debentures
TEL AVIV, Israel, Dec. 15, 2008 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document recognition, announced today that the interest rate on Series A convertible debentures for the period beginning July 1, 2008 and ending December 31, 2008 is 1.011%.
Discovery Laboratories, Inc.
Discovery Labs Secures $25 Million Committed Equity Financing Facility
WARRINGTON, Pa., Dec. 15, 2008 (GLOBE NEWSWIRE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) has entered into a new Committed Equity Financing Facility (New CEFF) with Kingsbridge Capital Limited, a private investment group, in which Kingsbridge has committed to provide up to $25 million of capital over a two-year period through the purchase of newly-issued shares of Discovery Labs' common stock. This New CEFF is in addition to the April 2006 and May 2008 Committed Equity Financing Facilities with Kingsbridge (the Prior CEFFs). Under the terms of the New CEFF agreement, Discovery Labs will determine the exact timing and amount of any financings, subject to certain conditions. The New CEFF allows Discovery Labs to raise capital, at its discretion, to support the Company's business plans.
Warner Chilcott to Join the Nasdaq-100 Index(R)
ST. DAVID'S, Bermuda, Dec. 15, 2008 (GLOBE NEWSWIRE) -- Warner Chilcott Limited (Nasdaq:WCRX) today announced that the Company will be added to the Nasdaq-100 Index(r) effective as of the opening of trading on Monday, December 22, 2008.
Heidrick & Struggles International, Inc.
Heidrick & Struggles Announces the Appointment of Two Officers to New Leadership Roles
CHICAGO, Dec. 15, 2008 (GLOBE NEWSWIRE) -- Heidrick & Struggles International, Inc. (Nasdaq:HSII), the world's premier executive search and leadership consulting firm, today announced the addition of two leadership roles and the appointment of Charles G. "Gerry" Davis as Managing Partner, Global Practices, and Robert L. "Rob" Hines as Managing Partner, Global Operations. Davis, as Managing Partner, Global Practices, will focus on realizing the company's market opportunity through the industry and functional practices; and Hines, as Managing Partner, Global Operations, will ensure the company's productivity, integration and collaboration as one single firm including oversight of corporate development and acquisitions.