latest news releases from the newsroom
Hexagon Metrology, Inc.
ROMER and FARO Announce Settlement of All Outstanding Lawsuits
NORTH KINGSTOWN, R.I. and LAKE MARY, Fla., March 26, 2007 (PRIME NEWSWIRE) -- ROMER, Inc., a Hexagon Metrology company, and Faro Technologies, Inc. (Nasdaq:FARO) have announced today that they have reached agreement to settle all outstanding disputes between them. Under the terms of the settlement, patent suits pending in California and Florida, and a lawsuit involving claims of false advertising will be dismissed. Terms of the agreement will not be disclosed, and will be treated as "Company Confidential" material going forward by both Hexagon and Faro. The settlement also covers ROMER-affiliated companies CimCore Corporation, Hexagon Metrology AB and Hexagon Metrology, Inc.
Vision-Sciences Closes Transaction With Medtronic
ORANGEBURG, N.Y., March 26, 2007 (PRIME NEWSWIRE) -- Vision-Sciences, Inc. (Nasdaq:VSCI) ("Vision-Sciences" or the "Company") announced today that it has closed its previously announced transaction with Medtronic Xomed, Inc. ("Medtronic"), a wholly-owned subsidiary of Medtronic, Inc. (NYSE:MDT). The closing took place after the transaction was approved by a majority vote of Vision-Sciences' shareholders during a special shareholders meeting convened on March 20, 2007.
Sonesta International Hotels Corporation
Sonesta International Hotels Corporation Announces 4th Quarter Results
BOSTON, March 26, 2007 (PRIME NEWSWIRE) -- Sonesta International Hotels Corporation (Nasdaq:SNSTA) today reported a net loss for the quarter ended December 31, 2006 of $1,104,000, or ($0.30) per share, compared to a net loss of $1,898,000, or ($0.51) per share, for the quarter ended December 31, 2005. Revenues, excluding other revenues from managed and affiliated properties, were $15,200,000 in the fourth quarter of 2006, compared to $20,872,000 in the same period in 2005.
Izard Nobel LLP
Schatz Nobel Izard, P.C. Announces Investigation of U.S. Auto Parts Network, Inc.
HARTFORD, Conn., March 26, 2007 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that it is investigating potential claims on behalf of all persons who purchased or otherwise acquired the publicly traded securities of U.S. Auto Parts Network, Inc. ("U.S. Auto Parts") (Nasdaq:PRTS) between February 9, 2007 and March 21, 2007, inclusive.