latest news releases from the newsroom
Foundry Networks, Inc.
Foundry Simplifies Business Operations With IBM Tivoli Integration Solution
SANTA CLARA, Calif., Aug. 12, 2008 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end routing and switching, today announced out-of-the-box integration with IBM Tivoli Netcool software for customers using Foundry(r) switching and routing products. This integration facilitates simplified operations for Foundry customers using IBM Tivoli Netcool, thereby helping improve business efficiency.
Pain Therapeutics, Inc.
FDA Accepts REMOXY New Drug Application and Grants Priority Review
SAN MATEO, Calif. and BRISTOL, Tenn., Aug. 12, 2008 (PRIME NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq:PTIE) and King Pharmaceuticals, Inc. (NYSE:KG) today announced that the New Drug Application (NDA) for REMOXY(r) was accepted and granted Priority Review by the U.S. Food and Drug Administration (FDA). The FDA typically grants Priority Review to drug candidates that have the potential to demonstrate significant improvements compared to marketed products. The FDA goal for completing review of a drug with Priority Review status is six months from the date the application was submitted. The REMOXY NDA was submitted to the FDA on June 10, 2008.
ZipForm Available to Members of New Castle County Board of REALTORS
FRASER, Mich., Aug. 12, 2008 (PRIME NEWSWIRE) -- RE FormsNet (REFN) today announced that members of the New Castle County Board of REALTORS(r) (NCCBR) in Wilmington, Delaware, will be able to purchase ZipForm(r), the real estate industry's leading brand of real estate forms software. Over 2,100 members now have their forms available in an electronic document solution that will help NCCBR's agents and brokers enhance the completion of real estate contracts.
PC Group, Inc.
Langer Reports Second Quarter 2008 Operating Results
DEER PARK, N.Y., Aug. 12, 2008 (PRIME NEWSWIRE) -- Langer, Inc. (Nasdaq:GAIT) ("Langer" or the "Company") reported a net loss from continuing operations for the three months ended June 30, 2008 of approximately $640,000 or $(.06) per share on a fully diluted basis, on revenues of approximately $14.8 million. For the comparable period in 2007, the Company experienced a net loss from continuing operations of approximately $780,000 or $(.07) per share on a fully diluted basis, on revenues of approximately $14.9 million. The principal reasons for the decrease in the net loss from continuing operations was a decrease of approximately $400,000 in operating expenses, offset by a decrease in gross profit of approximately $233,000.
Manhattan Bridge Capital, Inc.
Manhattan Bridge Capital, Inc. and GreenHills Ventures Wealth Management, LLC. to Form a Strategic Alliance
NEW YORK, Aug. 12, 2008 (PRIME NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq:LOAN) and GreenHills Ventures Wealth Management Holding, LLC., a subsidiary of GreenHills Ventures, LLC. ("GreenHills") announced today the entry into a letter of intent to form a strategic alliance. In the alliance the companies will share deal flow, create a "one stop shop" solution to potential customers and leverage the other's screening, evaluating and financing capabilities. Both companies shall also share information on customers and coordinate financing transactions. In addition, GreenHills will assist Manhattan Bridge Capital with obtaining a warehouse line of credit.