latest news releases from the newsroom
Transmeridian Exploration, Inc.
Transmeridian Exploration Updates Status of Strategic Sales Process
HOUSTON, June 18, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that it is continuing with its previously announced plan to obtain proposals for the acquisition of the Company or its South Alibek field. The Company has received multiple expressions of interest from potential acquirors and entered into confidentiality agreements with selected parties. The Company has completed its technical evaluation, including a detailed reservoir simulation model undertaken by Computer Modeling Group Limited, and this confidential data, along with other information about the Company, will be provided to these selected parties in late June. In connection with this process, the Company's Board of Directors has formed a Special Committee composed of Messrs. Carter, Haasbeek and Rupf to review acquisition proposals with the Company's financial advisor and ultimately, if appropriate, make a recommendation with respect to a transaction to the full Board. However, the Company cannot predict whether this effort will lead to completion of a transaction or if so, the approximate time it would take for an acquisition to be closed. The Company does not currently intend to disclose further developments with respect to the strategic sales process unless and until its Board of Directors has made a decision regarding a specific course of action.
Delta Air Lines, Inc.
Delta's Green Efforts Grow With Carbon Offset Program Launch and Expanded On-Board Recycling
ATLANTA, June 18, 2007 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL) today announced expanded "green efforts" with this month's launch of its carbon offset program and expanded onboard recycling. Customers can now contribute toward the offset of carbon emissions associated with air travel through a donation to The Conservation Fund, a leading environmental nonprofit organization dedicated to protecting land and water resources. Customers who purchase a ticket at delta.com can choose to contribute $5.50 for domestic roundtrip flights and $11 for international roundtrip flights to be used by The Conservation Fund to plant trees throughout the U.S. and abroad. A small portion of the donation also supports the organization's education and outreach efforts.
PricewaterhouseCoopers Study Reveals Companies Need to Address Widening Economic Impact of Unlicensed Technology
NEW YORK, June 18, 2007 (PRIME NEWSWIRE) -- PricewaterhouseCoopers LLP (PwC) today released the third annual survey of its kind focusing on technology licensing trends. The 2007 Technology Licensing Marketplace Study found that as technology has moved to the heart of most business processes, an increasing number of industries are suffering the effects of licensing non-compliance. This growth puts even more companies at risk of losing millions in earnings and potentially billions in market capitalization to unlicensed technology.