latest news releases from the newsroom
ADVA Optical Networking
ADVA Optical Networking Enters TecDAX Index
MUNICH, Germany, Sept. 5, 2006 (PRIMEZONE) -- ADVA Optical Networking today announced that Deutsche Boerse, the operator of the Frankfurt Stock Exchange, on September 5, 2006 had decided to include ADVA Optical Networking in Germany's "Top 30" technology stock index, TecDAX. On September 18, 2006, the TecDAX index will be calculated the first time taking into account the ADVA Optical Networking stock. Major inclusion criteria were ADVA Optical Networking's free float market capitalization and on-exchange order book turnover.
Emulex Corporation Announces Leadership Succession
COSTA MESA, Calif., Sept. 5, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX) announced today that its Board of Directors has unanimously approved a succession plan that will ensure strong leadership at Emulex in the years to come. James M. McCluney, President and Chief Operating Officer of Emulex, today becomes President and Chief Executive Officer of Emulex and a member of the Board of Directors. Jim joined Emulex in 2003 as President and Chief Operating Officer after Emulex acquired Vixel Corporation where Jim served as Vixel's President and Chief Executive Officer. Paul F. Folino, who has been Emulex's Chief Executive Officer since 1993, now becomes Executive Chairman of the Board. Paul and Jim have been working towards this succession plan since the acquisition of Vixel and a very smooth transition is anticipated.
Lantronix Appoints Brian Campbell Senior Vice President of Operations
IRVINE, Calif., Sept. 5, 2006 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX), a leader in device networking and data center management technologies, today announced its appointment of Brian Campbell as Senior Vice President of Operations. Campbell will be responsible for product availability, warehouse operations, procurement, contract manufacturing, new product introduction, test engineering and quality.
Infinite Group, Inc.
Infinite Group, Inc. (IGI) Awarded ITS Technical Services Contract by the State of North Carolina
ROCHESTER, N.Y., Sept. 5, 2006 (PRIMEZONE) -- Infinite Group, Inc. (OTCBB:IMCI) has been awarded a multiple award contract under the State of North Carolina's Information Technology Services (ITS) program. The intent of the State's ITS multiple award contract is to develop formal relationships with pre-qualified vendors in order to facilitate the State's procurement of information technology services. Anticipated beneficiaries of the contract include state agencies, community colleges, public institutions, counties, municipalities, public schools, and other state and local government entities.
Evergreen International Aviation, Inc.
Evergreen International Aviation, Inc. Announces Extension of Its Tender Offer for Its 12 Percent Senior Second Secured Notes Due 2010
MCMINNVILLE, Ore., Sept. 5, 2006 (PRIMEZONE) -- Evergreen International Aviation, Inc., an Oregon corporation ("Evergreen"), announced today that its pending offer to purchase any and all of its outstanding 12% Senior Second Secured Notes Due 2010 (CUSIP No. 30024DAF7) (the "Notes") previously scheduled to expire at 5:00 p.m., New York City time, on September 5, 2006, has been extended until 5:00 p.m., New York City time, on September 25, 2006, unless otherwise extended or earlier terminated. Except for the above change, all terms and conditions of the tender offer are unchanged and remain in full force and effect.
British Airways PLC
Traffic and Capacity Statistics -- August 2006
NEW YORK, Sept. 5, 2006 (PRIMEZONE) -- In August 2006, passenger capacity, measured in Available Seat Kilometers, was 5.1 per cent above August 2005. Traffic, measured in Revenue Passenger Kilometers, was higher by 5.0 per cent. This resulted in a passenger load factor down 0.1 points versus last year, to 77.8 per cent. The increase in traffic comprised a 9.5 per cent increase in premium traffic and a 4.4 per cent increase in non-premium traffic. Cargo, measured in Cargo Ton Kilometers, rose by 3.5 per cent. Overall load factor increased by 2.2 points to 71.7 per cent.
SoftNet Technology Corp.
SoftNet Technology Enters Into a Definitive Agreement to Merge Pickering & Associates, Inc., of Seattle, Washington, Into SoftNet
CRANFORD, N.J., Sept. 5, 2006 (PRIMEZONE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:A0B7RZ) is pleased to announce that it has entered into a definitive agreement to merge Pickering & Associates, Inc., located in Seattle, Washington, into SoftNet. SoftNet will pay $50,000 in cash, and assume approximately $106,000 in specific liabilities, which are to be paid on the Merger Date. In addition, SoftNet will issue restricted Class A Common Stock valued at $575,000 to the Shareholders of Pickering.