latest news releases from the newsroom
Intelligent Systems Corporation
Intelligent Systems Announces AMEX Listing Compliance
NORCROSS, Ga., May 24, 2007 (PRIME NEWSWIRE) -- Intelligent Systems Corporation (AMEX:INS), www.intelsys.com, announced today that it has received confirmation from the American Stock Exchange (AMEX) that the Company has resolved the continued listing deficiency cited in a letter from the AMEX on April 27, 2006. As previously disclosed, the Company submitted a plan, which was accepted by AMEX on July 27, 2006, outlining its plan to achieve compliance with the continued listing standards of the AMEX by October 26, 2007.
The Topps Co. Inc.
The Topps Company, Inc. Receives Unsolicited Indication of Interest from Upper Deck
NEW YORK, May 24, 2007 -- The Topps Company, Inc. (Nasdaq:TOPP) announced today that it has received an unsolicited indication of interest from The Upper Deck Company to acquire Topps for a price of $10.75 per share. Topps had previously received an indication of interest for the same amount from Upper Deck as part of the Company's "go shop" process under its existing merger agreement with The Tornante Company LLC and Madison Dearborn Partners, LLC. The previous indication of interest was not pursued by the Topps Board of Directors for a substantial number of reasons, including the absence of any information as to whether Upper Deck would be capable of financing its proposed acquisition, the risk that the transaction would not be consummated due to the failure to obtain the necessary regulatory approvals, Upper Deck's unwillingness to assume sufficient risk as to the occurrence of such a failure, Upper Deck's insistence on limiting its liability in the event of its breach of a definitive agreement and certain other issues identified in its indication of interest.
First Capital, Inc.
First Capital, Inc. Announces Quarterly Dividend
CORYDON, Ind., May 24, 2007 (PRIME NEWSWIRE) -- The Board of Directors of First Capital, Inc. (Nasdaq:FCAP) has declared a quarterly cash dividend of $0.17 (seventeen cents) per share of common stock, according to William W. Harrod, President and Chief Executive Officer. The dividend will be paid on June 29, 2007 to shareholders of record as of June 15, 2007.
Metso Invests in New ERP Solution
HELSINKI, Finland, May 24, 2007 (PRIME NEWSWIRE) -- Metso Automation invests in a new global ERP solution, which will cover the whole supply chain. The investment totals approximately EUR 17 million and it will be completed by turn of 2009-2010. The new solution will be delivered by Lawson Software.
The Korea Fund, Inc.
The Korea Fund, Inc. Announces Revised Vote Totals for Its 2006 Annual Meeting of Stockholders
NEW YORK, May 24, 2007 (PRIME NEWSWIRE) -- The Korea Fund, Inc. (the "Fund") announced revised vote totals for its Annual Meeting of Stockholders held on October 25, 2006. The Fund stated that the vote totals previously reported in its Semi-Annual Report to Stockholders for the period ended December 31, 2006 failed to reflect votes cast in person at the meeting by stockholders of the Fund who had not submitted proxies prior to the meeting. The Fund noted that this mistake, which reflected a clerical error made by the Fund's previous manager, did not affect the outcome of the stockholder vote. The Fund stated that the correct number of votes cast at the meeting in the election of Class III directors of the Fund were as follows:
SmallCap Sentinel: Patenting Proof of Concept
IRVINE, Calif., May 24, 2007 (PRIME NEWSWIRE) -- "Often, a patent signals that a company or inventor is optimistic that they might someday have a commercially viable product," stated SmallCap Sentinel analyst D.R. Clark. "Other times it's a confirmation."