latest news releases from the newsroom
Nalco and Keystone Nano Announce Joint Nanotechnology Development Venture
NAPERVILLE, Ill., July 25, 2007 (PRIME NEWSWIRE) -- Nalco Company (NYSE:NLC), the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications, and Keystone Nano, a nanotechnology development company in State College, Pennsylvania, announced the formation of a joint venture company, NanoSpecialties, LLC. The new company will create new products with nano-features for industrial markets.
Andrews Space, Inc.
Andrews Space Expands Facilities and Capabilities
SEATTLE, July 25, 2007 (PRIME NEWSWIRE) -- Andrews Space, Inc. recently expanded its Seattle corporate offices and development facilities to 26,300 square feet of office space to support new business and significant growth in the aerospace market. The expansion of the company's collaborative design, management, and corporate support facilities from the 505 Union Station building into the neighboring 605 Union Station building accommodates the company's staff of over 80 people, representing a two-fold increase since 2006.
First Place Financial Corp.
First Place Financial Corp. to Present at the Keefe, Bruyette & Woods, Inc. 8th Annual Community Bank Investor Conference
WARREN, Ohio, July 25, 2007 (PRIME NEWSWIRE) -- First Place Financial Corp. (Nasdaq:FPFC) President and Chief Executive Officer, Steven R. Lewis, and Chief Financial Officer, Paul S. Musgrove, will make an investor presentation at the Keefe, Bruyette & Woods (KBW) 8th Annual Community Bank Investor Conference to be held July 31, 2007 through August 1, 2007 in New York, New York. The presentation by First Place Financial Corp. is scheduled to begin at 8:00 AM Eastern Time on July 31, 2007 and is expected to last 25 minutes.
Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Release of Escrowed Funds
HOUSTON, July 25, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that $33.0 million of gross proceeds placed into escrow in connection with the recently completed private placement of 550,000 shares of its 20% Junior Redeemable Convertible Preferred Stock have been released. On June 26, 2007, in connection with the second closing of the private placement, 330,000 shares of the junior preferred stock and the gross proceeds of $33.0 million in respect of the sale of such shares were placed in escrow pending the company's satisfaction of the conditions set forth in the governing escrow agreement. The company has now received the requisite proxies evidencing stockholder approval of the issuance or potential issuance of shares of the Company's common stock under the terms of the junior preferred stock that, in the aggregate, equal or exceed 20% of the shares of the Company's common stock outstanding as of the first closing of the private placement on June 18, 2007 and has satisfied the other conditions set forth in the escrow agreement. Accordingly, the escrowed funds (net of transaction fees and expenses) have been released to the company and the escrowed shares of the junior preferred stock have been released to the investors in the private placement. The company will use the net proceeds of approximately $31.2 million for working capital and general corporate purposes, including funding ongoing development costs.