latest news releases from the newsroom
CALAMOS Asset Management, Inc.
CALAMOS Convertible Opportunities and Income Fund (CHI) Announces Regular Dividend
NAPERVILLE, Ill., July 1, 2004 (PRIMEZONE) -- CALAMOS Convertible Opportunities and Income Fund (NYSE:CHI) (Cusip No.: 128117108) announced today the declaration of a dividend distribution of $0.15 per share, payable on July 30, 2004, to shareholders of record on July 15, 2004. Assuming the foregoing, the ex-dividend date should be July 13, 2004. The dividend equates to a current annualized yield of 9.14% (see note) based on the $19.69 market price as of June 30, 2004. Past performance is no guarantee of future results.
CALAMOS Asset Management, Inc.
CALAMOS Strategic Total Return Fund (CSQ) Announces Initial Dividend
NAPERVILLE, Ill., July 1, 2004 (PRIMEZONE) -- CALAMOS Strategic Total Return Fund (NYSE:CSQ) (Cusip No.: 128125 10 1) announced today the declaration of a dividend distribution of $0.075 per share, payable on July 30, 2004, to shareholders of record on July 15, 2004. Assuming the foregoing, the ex-dividend date should be July 13, 2004. The dividend equates to a current annualized yield of 6.81% (see Note) based on the $13.22 market price as of June 30, 2004. Past performance is no guarantee of future results.
Healthcare Business Services Groups, Inc.
Winfield Financial Group, Inc. Announces New Website Designed to Share Information with Clients and Shareholders
UPLAND, Calif., July 1, 2004 (PRIMEZONE) -- Winfield Financial Group, Inc. (OTCBB:WFLD), through its wholly-owned subsidiary Healthcare Business Services Groups, Inc. ("HBSGI"), one of the fastest growing full service medical billing agencies in the country, announced today that it has launched its new website at http://www.thenewhbsgi.com.
Airvana President and CEO Randy Battat Named Winner Of Ernst & Young Entrepreneur Of The Year(r) Award
CHELMSFORD, Mass., July 1, 2004 (PRIMEZONE) -- Airvana, Inc. (www.airvananet.com), a provider of All-IP, third-generation (3G) CDMA2000 1xEV-DO infrastructure, was named a winner by professional services firm Ernst & Young LLP for the Ernst & Young Entrepreneur Of The Year(r) 2004 Award in New England in the Networking and Communications category. Randy Battat, president and CEO of Airvana, was selected from more than 14 finalists in the Technology Category for New England by an independent panel of judges comprised of local community and business leaders and announced at an award banquet on June 24 at the Boston Park Plaza Hotel.
M-Wave, Inc. Completes A Revised $4.5 Million Revolving Credit Facility With Silicon Valley Bank
WEST CHICAGO, Ill., July 1, 2004 (PRIMEZONE) -- M-Wave Inc.
(Nasdaq:MWAV) today announced that it has closed on a revolving line of credit with its present lender, Silicon Valley Bank, that improves significantly upon present terms and cost over a current receivables purchase facility. The original receivables-only financing was $3.1 million and had an effective rate of interest, including fees of 13.55%. The replacement, a $4.5 million revolving credit facility collateralized by accounts receivable and inventory, has an effective rate of interest approximating 8%, a 41% improvement over the first facility.
SageTrade Identifies Large Cap Bargains
NEW YORK, July 1, 2004 (PRIMEZONE) -- SageTrade (http://www.sagetrade.com), an innovative investment service that delivered a 250+% tracked return in 2003, announced today that it has released a report that highlights three large cap bargain stocks. The report details the future growth of these companies and their relative valuation when compared with competitors and key indexes.
Electronic Control Security Inc.
Electronic Control Security Inc. Closes $2 million Private Placement
CLIFTON, N.J., July 1, 2004 (PRIMEZONE) -- Electronic Control Security, Inc. (OTCBB:EKCS), a leading provider of security solutions to governments and corporations worldwide, today announced it has raised $2,000,000 in gross proceeds in a private placement of its 10% Series B Convertible Preferred Stock. The preferred shares are convertible at a price of $1.00 a share into 2,000,000 shares of common stock. The private placement also included warrants to purchase up to 2 million shares of common stock at an exercise price of $1.00 per share for four years. The company has agreed to register for resale the common stock issuable upon conversion of the preferred stock and exercise of the warrants.
Bure repurchases subordinated debenture
GOTHENBURG, Sweden, July 1, 2004 (PRIMEZONE) -- Bure has repurchased 1,482,000 subordinated debentures for a combined value of SEK 7.7M, at a price corresponding to 77 per cent of the principal amount. During 2004 Bure intends to purchase additional subordinated debentures. Following the purchase, the number of outstanding subordinated debentures amounts to 106,618,000.