latest news releases from the newsroom
Allpoint Network Welcomes Chevron Federal Credit Union and Technology Credit Union
BETHESDA, Md., June 4, 2008 (PRIME NEWSWIRE) -- Chevron Federal Credit Union (CFCU) and Technology Credit Union have a combined total of more than $2 billion dollars in assets and over 130,000 members. Joining Allpoint Network will allow them to provide increased surcharge-free ATM access for their members and manage their exposure to rising ATM surcharges. These top credit unions will now offer more than 8,500 surcharge-free ATMs in California and over 50,000 nationwide, surpassing Bank of America by more than 4,500 and 30,000 ATMs respectively. The Allpoint card model will enable both credit unions to secure a fixed cost structure for unlimited use at Allpoint ATMs that limits both credit union and member exposure to rising surcharge rates. The national average surcharge surpassed inflation by more than 300% in 2007 and Bank of America recently announced that their surcharge rates would rise from $2.00 to $3.00, a 50% increase.
RedChip Companies Inc.
RedChip Independent Initiates Research Coverage on CytRx Corp.
ORLANDO, Fla., June 4, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., has initiated coverage on CytRx Corporation (Nasdaq:CYTR), a biopharmaceutical research and development company engaged in developing human therapeutic products primarily based on small molecule Molecular Chaperone co-induction technology.
ANSYS Acquisition of Ansoft Expected to Close in the Third Quarter of 2008
SOUTHPOINTE, Pa., June 4, 2008 (PRIME NEWSWIRE) -- ANSYS, Inc. (Nasdaq:ANSS) today announced that, as a result of the Securities and Exchange Commission's continuing review of the Registration Statement on Form S-4, it currently expects to close the acquisition of Ansoft Corporation in the third quarter of 2008. ANSYS had previously announced that it had expected to close the acquisition in the second quarter of 2008.