latest news releases from the newsroom
Frequency Electronics, Inc.
Frequency Electronics, Inc. Announces Fiscal Year 2007 Results
MITCHEL FIELD, N.Y., July 12, 2007 (PRIME NEWSWIRE) -- Frequency Electronics, Inc. (Nasdaq:FEIM) reported revenues for the fourth quarter of fiscal year 2007, which ended April 30, 2007, of $15.5 million compared to $15.1 million for the same period of fiscal 2006, and up from $12.1 million in the preceding quarter. For fiscal year 2007, revenues were $56.2 million compared to $52.8 million for the previous fiscal year.
UCB Selects ZoBio for Fragment Based Drug Discovery Services
LEIDEN, The Netherlands, July 12, 2007 (PRIME NEWSWIRE) -- ZoBio announced today that the leading biopharmaceutical company UCB has selected ZoBio to provide ligand discovery services in the field of Fragment Based Drug Discovery. The agreement provides for initial ligand screening of UCB discovery targets. ZoBio will immobilize the targets and carry out ligand screening using its proprietary Target Immobilized NMR Screening (TINS) technology.
MetaPower International, Inc.
MetaPower International, Inc. Signs OEM Agreement With Actuate Corporation
LAS VEGAS, July 12, 2007 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) announced today that it has renewed its Original Equipment Manufacturer (OEM) License Agreement with Actuate Corporation. The agreement provides MetaPower International, Inc. with the rights to continue to offer Actuate's products as the embedded report writer for applications developed within MetaPower's UCoDA software.
Energy Vision International
Encore Energy Announces Merger With Peak Entertainment and Planned Name Change
OXFORD, Miss., July 12, 2007 (PRIME NEWSWIRE) -- Encore Energy (Pink Sheets:PKEH), a rapidly growing diversified energy company, is pleased to announce it has merged with Peak Entertainment. The merger will combine the two companies in their entirely with the surviving company being Peak Entertainment. The merger calls for Peak stockholders to own in aggregate 40% of the Common stock post-merger. This number of shares will be approximately 1,830,967. Encore Energy stockholders will represent 60% of the post-merger shares -- approximately 2,746,450 shares. The total number of post-merger shares issued and outstanding will be approximately 4,577,417. No reverse-split, forward-split or other type of recapitalization of the company's shares is planned or presently contemplated.