latest news releases from the newsroom
Foundry Networks, Inc.
Photo Release -- Weta Digital Brings Groundbreaking Visual Effects to Life With Foundry's Milestone 2500th BigIron RX Series Backbone Switch
SANTA CLARA, Calif. and WELLINGTON, New Zealand, March 5, 2008 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced Weta Digital, a multiple Academy Award-winning world-leader in visual effects creation, installed Foundry's(tm) 2500th BigIron(r) RX Series Layer 2/3 backbone switch into its high-performance 10 gigabit Ethernet (10GbE) visual effects production network. Weta Digital continues to expand its almost decade-long relationship with Foundry with the addition of the BigIron RX-16 to their core production network.
OrthoLogic Announces Year End 2007 Operating Results and Stock Repurchase Program
TEMPE, Ariz., March 5, 2008 (PRIME NEWSWIRE) -- OrthoLogic Corp. (Nasdaq:OLGC) today announced operating results for the year ended December 31, 2007. The Company also announced that its Board of Directors has approved a stock repurchase program for up to five percent of its currently outstanding common shares. The shares may be repurchased from time to time in open market transactions or privately negotiated transactions at the Company's discretion, subject to market conditions and other factors. At February 29, 2008, there were approximately 41.8 million shares of common stock outstanding.
Ariel Way, Inc.
Ariel Way, Inc. Signs Letter of Intent to Acquire Mason Media Networks, LLC
VIENNA, Va., March 5, 2008 (PRIME NEWSWIRE) -- Ariel Way, Inc. (OTCBB:AWYI) announced today that it has signed a letter of intent to acquire Mason Media Networks, LLC, ("MMN"). Mason Media Networks is a Washington, D.C. based digital signage company that specializes in providing digital signage solutions. As part of the deal, Mason Media Group, LLC, MMN's parent company (www.masonmediagroup.com) will receive shares of Ariel Way common stock and will become a new equity participant in the company. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing within one month.