latest news releases from the newsroom
OrthoLogic Establishes Scientific Advisory Board
TEMPE, Ariz., Aug. 2, 2007 (PRIME NEWSWIRE) -- OrthoLogic Corp. (Nasdaq:OLGC) today announced the formation of a Scientific Advisory Board (SAB) with the appointments of Michael E. Mendelsohn, M.D. of Tufts-New England Medical Center and Charles A. Dinarello, M.D. of University of Colorado School of Medicine. The SAB will provide independent scientific advice and counsel to OrthoLogic Management and Board of Directors regarding key development decisions for the Company's novel synthetic peptides Chrysalin(r) (TP508) and AZX100. Dr. Mendelsohn will serve as Chairman of the SAB.
Cree, Inc. to Webcast Upcoming Conference Presentations
DURHAM, N.C., Aug. 2, 2007 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market-leading innovator of semiconductors that enhance the value of solid-state lighting, power and communications products, today announced it will webcast its presentation at two upcoming conferences. Chuck Swoboda, chairman and CEO, will provide a company overview at the Canaccord Adams Summer Conference on Thursday, August 9, at 10:00 a.m. EDT. John Kurtzweil, executive vice president and chief financial officer, will provide a company overview at the Morgan Keegan 2007 Equity Conference on Friday, September 7, at 8:25 a.m. EDT.
Purple Communications, Inc.
GoAmerica(R) Announces Agreement to Acquire Verizon's Telecommunications Relay Services Division
HACKENSACK, N.J., Aug 02, 2007 -- GoAmerica, Inc. (Nasdaq:GOAM) today announced the execution of a definitive agreement under which it will acquire the assets of Verizon's Telecommunications Relay Services (TRS) division for $50 million in cash and up to an additional $8 million in contingent cash consideration. This acquisition will be financed by the issuances of new GoAmerica preferred stock and debt totaling $65 million to Clearlake Capital Group, pursuant to agreements and a commitment letter executed concurrently with the Verizon agreement.