latest news releases from the newsroom
Clean Power Technologies, Inc.
Clean Power Technologies, Inc. Retains Gersten Savage LLP
CALGARY, Alberta, Feb. 5, 2007 (PRIME NEWSWIRE) -- Clean Power Technologies Inc. (OTCBB:CPWE) (Frankfurt, XETRA:C1L) (http://www.cleanpowertech.co.uk), a developer of a unique and environmentally friendly alternative hybrid fuel technology, is pleased to announce that we have retained the services of the law firm of Gersten Savage LLP located in New York, NY.
EYI Industries Inc
EYI Enters Into Website Design Agreement
BURNABY, British Columbia, Feb. 5, 2007 (PRIME NEWSWIRE) -- EYI Industries Inc. ("EYI") (OTCBB:EYII) (http://www.eyicom.com) is pleased to announce that on January 29, 2007 we entered into a Web Site Design and Development Agreement with Colossal Head Communications for the consolidation and re-design of our www.eyicom.com website. The new website will provide greater customization for our Independent Business Associates ("IBA'S") and is expected to be completed in 16 weeks.
Merit Medical Systems, Inc.
Merit Medical Introduces New Safety Product
SOUTH JORDAN, Utah, Feb. 5, 2007 (PRIME NEWSWIRE) -- Merit Medical Systems, Inc. (Nasdaq:MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology procedures, announced today the introduction of a new, patented safety product called the ShortStop Advantage(tm).
Claymont Steel Holdings, Inc.
Claymont Steel Holdings, Inc. Announces Proposed Refinancing; Update On Status of DNREC Secretary's Order
CLAYMONT, Del., Feb. 5, 2007 (PRIME NEWSWIRE) -- Claymont Steel Holdings, Inc. (Nasdaq:PLTE) announced today that it intends to refinance its existing debt. The refinancing is designed to further reduce the Company's cost of debt following the redemption of its 15% PIK Notes on February 1, 2007. Claymont Steel Holdings' wholly owned subsidiary, Claymont Steel, Inc., expects to issue $105 million aggregate principal amount of Senior Notes due 2015 (the "Notes") and enter into a new $80 million senior secured revolving credit facility (the "Credit Facility"). The proceeds from the Notes and borrowings under the new Credit Facility would be used to redeem Claymont Steel's outstanding Senior Secured Floating Rate Notes due 2010, which are redeemable at 103% of the outstanding principal amount thereof, plus payment of accrued and unpaid interest. The aggregate redemption price of the notes on February 28, 2007 would be approximately $186.2 million.
Suntron Corporation Announces Sale of Garner, Iowa Operation
PHOENIX, Feb. 5, 2007 (PRIME NEWSWIRE) -- Suntron Corporation (Nasdaq:SUNN), a leading provider of integrated electronics manufacturing solutions, today announced that it has agreed to sell its Midwest operation located in Garner, Iowa to Nortech Systems Inc. (Nasdaq:NSYS). Nortech will purchase the assets, intellectual property and customers associated with this operation. The acquisition is subject to customary closing conditions. Suntron's Iowa management team will remain in place to lead this new Nortech business and its employee workforce of approximately 100 people. Terms of the asset purchase were not disclosed.