latest news releases from the newsroom
G-III Apparel Group
G-III Apparel Group, Ltd. Announces Andrew Marc Shoe License
NEW YORK--G-III Apparel Group, Ltd. (NasdaqGSM: GIII) today announced that it has executed its first license for the Andrew Marc brand. G-III and Camuto Group, headed by Vince Camuto, have entered into a license agreement through January 31, 2013 for Camuto Group to design, market, and distribute womens footwear under the Andrew Marc and Marc New York brand names. It is expected that product will begin distribution for the Fall 2009 season. Terms of the license were not disclosed.
Fossil, Inc. Announces Adoption of Stock Repurchase Plan Under SEC Rule 10b5-1 and Fossil, Inc.'s Non-Executive Chairman Announces Stock Sales Plan Under SEC Rule 10b5-1
RICHARDSON, Texas, June 11, 2008 (PRIME NEWSWIRE) -- Fossil, Inc. (Nasdaq:FOSL) announced today that it has established a plan under Rules 10b5-1 and 10b-18 of the Securities and Exchange Commission to provide for pre-determined repurchases of the Company's common stock, subject to certain conditions and other contingencies established under the plan. The plan will allow the Company to repurchase up to 2,000,000 shares of common stock, which represents approximately three percent (3%) of the Company's outstanding shares. Purchases would be made from time to time in the open market and through privately negotiated transactions, subject to general market conditions. The shares are being repurchased to mitigate the dilutive impact of equity grants during the course of the year under the Company's long-term incentive plans. The repurchase plan will expire on December 1, 2008. On June 9, 2008, there were 68,263,953 shares of common stock issued and outstanding.
Team Financial, Inc.
Team Financial, Inc. Given Backing From Two Independent Proxy Advisory Firms
PAOLA, Kan., June 11, 2008 (PRIME NEWSWIRE) -- Institutional Shareholder Services (ISS), the world's leading provider of corporate governance and proxy voting services, has made a recommendation that shareholders vote for the slate of directors nominated by Team Financial, Inc., (the "Company"), (Nasdaq:TFIN) rather than those nominees presented by a dissident shareholder. Glass-Lewis & Co., another world-wide provider of independent research and recommendations to shareholders, has also made a similar recommendation.
Lime Energy Co. Acquires Applied Energy Management, Inc.
ELK GROVE VILLAGE, Ill., June 11, 2008 (PRIME NEWSWIRE) -- Lime Energy Co. (Nasdaq:LIME) announced today that it has acquired all of the capital stock of Applied Energy Management, Inc. (AEM), for $3.5 million in cash, 882,725 shares of Lime Energy common stock and the assumption of approximately $5.9 million in debt. Financing for the transaction was provided through an increase in the existing line of credit with Mr. Dick Kiphart, Lime Energy's Chairman.
Cree Announces Sample Release of 90W GaN HEMT With Record Wideband Amplifier Efficiency
DURHAM, N.C., June 11, 2008 (PRIME NEWSWIRE) -- Cree, Inc (Nasdaq:CREE) announces the sample release of a 90W, highly efficient GaN HEMT microwave transistor for general-purpose military and industrial applications such as electronic warfare, radar, tactical radios and EMC applications. This transistor provides superior performance over wide bandwidths compared to other technologies such as GaAs MESFET or Si LDMOSFET.
QIAGEN Files Appeal in Patent Case
GAITHERSBURG, Md., June 11, 2008 (PRIME NEWSWIRE) -- QIAGEN Gaithersburg, Inc. (formerly Digene Corporation), a wholly-owned subsidiary of QIAGEN N.V. (NASDAQ:QGEN) (Frankfurt:QIA), today announced that it has filed its initial brief with the United States Court of Appeals for the Federal Circuit in QIAGEN's appeal to reinstate its patent infringement lawsuit against Third Wave Technologies, Inc. The appeal moves the case originally heard before the District Court for the Western District of Wisconsin to the Federal Circuit.
Transmeridian Exploration, Inc.
United Energy Group Limited to Invest Approximately US$215 Million in Transmeridian Exploration Incorporated
HOUSTON, June 11, 2008 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) ("Transmeridian") and United Energy Group Limited (HK:467.HK) ("United Energy" or "UE) announced today that they have entered into an Investment Agreement (the "Investment Agreement") in connection with which UEG will acquire at least 90% of the outstanding shares of (i) 15% senior redeemable convertible preferred stock and (ii) 20% junior redeemable convertible preferred stock of Transmeridian (the "Preferred Stock") and pursuant to which UEG will make a cash infusion to fund Transmeridian's ongoing capital expenditure program and working capital requirements. UEG will receive shares of new preferred stock and warrants to purchase common stock, representing approximately 60% of the capital stock of Transmeridian on an as-converted, fully diluted basis in exchange for the Preferred Stock it acquires and the cash infusion. The transaction is subject to the approval of UEG's and Transmeridian's shareholders, regulatory approval and other terms and conditions contained in the Investment Agreement.
U-Haul International, Inc.
Photo Release -- The Treasure of Touro Park: An Ancient Tower Finds Its Way Onto a Modern U-Haul Machine
NEWPORT, R.I., June 11, 2008 (PRIME NEWSWIRE) -- U-Haul today announced the release of 1,800 new 14-foot and 17-foot moving vans highlighting the historic stone structure in Touro Park that has intrigued researchers and the public for centuries. This amazing link to the past is known by many names: The Old Stone Mill, Old Stone Tower, Touro Tower or the name that simply describes its location -- the Newport Tower, and now it will represent Rhode Island as the newest addition to the "Venture Across America" series of U-Haul SuperGraphics.
Charles H. Johnson & Associates
Charles H. Johnson & Associates Announces Filing of Securities Class Action Against NexCen Brands, Inc.
MINNEAPOLIS, June 11, 2008 (PRIME NEWSWIRE) -- Charles H. Johnson & Associates announces that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of NexCen Brands, Inc. ("NexCen" or the "Company") (Nasdaq:NEXC) publicly traded securities during the period May 10, 2007 through May 19, 2008 (the "Class Period").
U.S. Mine Makers, Inc.
U.S. Mine Makers, Inc. Announces Breakthrough of Gold Recovery in Joint Venture With Primary Gold, LLC
PALM DESERT, Calif., June 11, 2008 (PRIME NEWSWIRE) -- U.S. Mine Makers, Inc. (Pink Sheets:USMM) announced today that the USMM/Primary Gold JV has made a breakthrough in recovering gold from their ore concentrate. The concentrate was successfully leached and a high grade precipitate that contained 122.564 troy ounces of gold per ton of precipitate was assayed by Iseman Consultants. A ten pound random sample of ore was used for this test.