latest news releases from the newsroom
Enbridge Energy Management, L.L.C.
Enbridge Energy Management, L.L.C. Corrects Distribution Date Information
HOUSTON, Jan. 31, 2006 (PRIMEZONE) -- In a news release issued on January 30, 2006, Enbridge Energy Management, L.L.C. (NYSE:EEQ) declared a distribution of $0.925 per share payable February 14, 2006 to shareholders of record on February 7, 2006. EEQ erroneously reported that its next ex-dividend date is February 2, 2006. The correct ex-dividend date is February 3, 2006.
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Secures Bridge Funding
PALATINE, Ill., Jan. 31, 2006 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced it has secured gross proceeds of $750,000 under a term loan agreement (the "Loan") with Essex Woodlands Health Ventures V, L.P., Care Capital Investments II, L.P., Care Capital Offshore Investments II, L.P., Galen Partners III, L.P., Galen Partners International III, L.P. and Galen Employee Fund III, L.P (collectively the "Bridge Lenders"). The Loan matures on June 1, 2006, bears an annual interest rate of 10%, is secured by a lien on all assets of the Company and its subsidiary, and is senior to all other Company debt. The Company will use utilize the net proceeds from the Loan to continue funding product development and licensing activities relating to OxyADF tablets and other product candidates utilizing its Aversion Technology. The Loan permits the funding of additional cash amounts subject to agreement by the Company and the Bridge Lenders. No assurance can be given, however, that any additional funding will be advanced to the Company under the terms of the Loan.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Awarded Contract for Work on USS Toledo (SSN 769)
NEWPORT NEWS, Va., Jan. 31, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has been awarded a contract from the U.S. Navy for maintenance work, known as a depot modernization period, on the nuclear-powered submarine USS Toledo (SSN 769). The initial planning contract is valued at approximately $34.7 million. The total estimated value, including the actual execution, is valued at approximately $175 million.
Pinstripe Establishes Talent Acquisition and Recruitment Process Outsourcing Practice to Help Healthcare Clients Resolve Staffing Challenges
BROOKFIELD, Wis., Jan. 31, 2006 (PRIMEZONE) -- Pinstripe, a leading recruitment process outsourcing and recruitment services firm, announced today the establishment of a specialized healthcare group. Under the direction of newly appointed Executive Vice President Jill Schwieters, the Healthcare Group will assist healthcare providers, clinical laboratories, medical equipment manufacturers, pharmaceutical companies, biotechnology firms and other medical and healthcare organizations in addressing the ongoing challenges of recruitment, utilization and retention of highly qualified healthcare staff.
Carolina Bank Holdings, Inc.
Carolina Bank Holdings, Inc. to Present at Southeast 2006 Super-Community Bank Investor Conference
GREENSBORO, N.C., Jan. 31, 2006 (PRIMEZONE) -- Carolina Bank Holdings, Inc. (Nasdaq:CLBH) will be presenting at the Southeast 2006 Super-Community Bank Conference in Atlanta, GA. Robert T. Braswell, President and CEO, is scheduled to present on Monday, February 6th at approximately 2:00 p.m. ET.