latest news releases from the newsroom
Kahn Swick & Foti, LLC
XM Satellite Radio Holdings, Inc. Class Action Lead Plaintiff Deadline Approaches, KGS Announces -- XMSR
NEW ORLEANS, May 24, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders have only until July 3, 2006, to move the Court to serve as Lead Plaintiff in the securities class action lawsuit commenced in the U.S. District Court for the District of Columbia, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of XM Satellite Radio Holdings, Inc. (Nasdaq:XMSR) between July 28, 2005 and February 15, 2006. No class has yet been certified in this action.
SmallCap Sentinel: Innovation and The Stent
IRVINE, Calif., May 24, 2006 (PRIMEZONE) -- "As expected, a group of public companies are moving forward in their research and development of drug eluting coated stents. Stents are expandable wire-mesh devices placed in clogged blood vessels to prop open the vessels to maintain healthy blood flow to the heart or elsewhere in the body," stated SmallCap Sentinel analyst D.R. Clark.
Beacon's `Fixed Annuity Premium Study' Reports First Quarter's Fixed Annuity Sales
EVANSTON, Ill., May 24, 2006 (PRIMEZONE) -- U.S. sales of fixed annuities reached $17.3 billion in first quarter, 2006, a 3% increase from the previous quarter. Improvement was steady throughout first quarter, with March showing the highest monthly sales. But results were 4% below the same period last year, according to new data from the "Beacon Research Fixed Annuity Premium Study" based on sales of 51 insurance companies. First quarter indexed annuity sales were $7.2 billion, up almost 8% from the prior quarter and 13.1% above first quarter, 2005.
Falcon Energy Inc.
Falcon Energy, Inc. Provides Update to Investors on Uranium Sector Outlook
VANCOUVER, British Columbia, May 24, 2006 (PRIMEZONE) -- As part of its commitment to keep investors informed of its status, activities and properties, Falcon Energy, Inc. (Pink Sheets:FCYI) is providing this investor update on the Uranium sector and its potential effect related to the Falcon Energy, Inc. Huld License Area mineral exploration property (license No. 9997X).
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Secures Bridge Funding
PALATINE, Ill., May 24, 2006 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced it has secured gross proceeds of $800,000 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 September 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 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.
BICO Signs Letter of Intent to Acquire MobiClear, LTD.
DOVE CANYON, Calif., May 24, 2006 (PRIMEZONE) -- BICO, Inc. (OTCBB:BIKO) has signed a non-binding letter of intent to acquire MobiClear, LTD. MobiClear specializes in electronic Personal Identification Verification (PIV) solutions in connection with credit/debit card transactions. MobiClear's multi-gateway solution (U.S. patent pending) offers proactive security in all forms of electronic business environments including internet shopping, business-to-business procurement transactions and retail shopping with credit/debit cards. "This business combination represents an opportunity to improve BICO shareholder value," observed Richard Greenwood, CEO of BICO.
Emerge Capital Corp.
Emerge Capital Turnaround Subsidiary Nexus Nano Electronics Achieves 250 Percent Record Production Increases
HOUSTON, May 24, 2006 (PRIMEZONE) -- Emerge Capital Corp. (OTCBB:EMGC) announced today that Nexus Nano, a turnaround client and custom electronics manufacturer in Vermont that Emerge acquired control of in November, 2005, has achieved 250% increases in daily output of custom circuit boards. Production levels at acquisition in November, 2005, were as low as $44,000 per day. Nexus Nano has now twice reached production levels in excess of $100,000 per day in March and April, 2006. Emerge Capital clients or portfolio companies include Power Technology (OTCBB:PWTC), Nexus Nano Electronics, TRAC Holdings (Pink Sheets:TCFG), Elite Flight Solutions (Pink Sheets:EFSL), and others.