latest news releases from the newsroom
First Equity Group
StockMarketNewsAlert.com Issues Trade Alert for FreeHand Systems International Inc.
BOCA RATON, Fla., March 7, 2007 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for FreeHand Systems International Inc. (Pink Sheets:FSYI). According to Marco D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive: "The company has announced a licensing agreement with Sony/ATV Music Publishing, one of the world's leading music publishers with a catalog that spans over 400,000 songs. With this agreement, FreeHand customers will now be able to access digital sheet music from some of the most influential artists and songwriters in modern music, including The Beatles, Beck, David Crosby, Bob Dylan, Everly Brothers, Jimi Hendrix, Graham Nash, Willie Nelson, Roy Orbison, Richie Sambora, Stephen Stills and Hank Williams."
FuelCell Energy, Inc.
FuelCell Energy Completes Sale of 2.4 MW Power Plant to South Korea's Leading Independent Power Producer, POSCO Power
DANBURY, Conn., March 7, 2007 (PRIME NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of power plants using a variety of fuels, including renewable biogas, for commercial and industrial customers, today announced its Korean alliance partner, POSCO Power, has purchased a multi-megawatt power plant for installation at a site in South Korea to be announced later this month.
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.