latest news releases from the newsroom
Alphatec Holdings, Inc.
Alphatec Holdings, Inc. Announces Exercise of Option to Purchase Additional Shares
CARLSBAD, Calif., Sept. 25, 2007 (PRIME NEWSWIRE) -- Alphatec Holdings, Inc. (Nasdaq:ATEC), a medical technology company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, announced that Canaccord Adams Inc., the sole underwriter of its previously announced 8,800,000 share public offering, has exercised in full its option to purchase an additional 1,200,000 shares of common stock. All of the shares are being offered by Alphatec. Alphatec expects the closing of the offering to occur on or about September 26, 2007.
Foundry Networks, Inc.
Garmin Navigates Enterprise Mobility With Wireless LAN Solutions From Foundry Networks
SANTA CLARA, Calif., Sept. 25, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that Garmin International, Inc., has selected Foundry's(tm) IronPoint(r) Mobility Controller MC3000 and IronPoint Mobility Access Point MA208s for an end-to-end wireless local area network (WLAN) campus deployment. Leveraging the IronPoint Mobility Series' advanced Quality of Service (QoS) features and next-generation Virtual Cell architecture, Garmin is able to improve business operations by providing highly scalable wireless capacity and seamless roaming to their mobile users across their network, all while maintaining the highest level of data privacy and access control.
Advanced Medical Isotope Corporation
Advanced Medical Isotope Corporation Secures Loan Facility
KENNEWICK, Wash., Sept. 25, 2007 (PRIME NEWSWIRE) -- Advanced Medical Isotope Corporation (AMIC) (Pink Sheets:ADMD) of Kennewick, Washington announced today that the Company has secured debt financing for $2,706,000 from Washington Trust Bank headquartered in Spokane, Washington. The loan is secured by equipment, receivables, and personal guarantees.
First Horizon National Corporation
First Horizon National Corp. Announces Sale of First Horizon Bank Branches
MEMPHIS, Tenn., Sept. 25, 2007 (PRIME NEWSWIRE) -- First Horizon National Corp.'s (NYSE:FHN) principal banking subsidiary, First Tennessee Bank National Association, has reached agreements for the sale of all 34 of its First Horizon Bank branches. Financial details of the agreements were not disclosed, and all of the sales are expected to close by first quarter 2008. In aggregate, these transactions are expected to result in a small gain for First Horizon. Each of the agreements is to purchase certain loans and fixed assets, including the branch locations, and to assume all of the deposit relationships of the First Horizon Bank branches being purchased.
CAST Signs an Important License Deal With Major European Telecom Provider
NEW YORK, Sept. 25, 2007 (PRIME NEWSWIRE) -- CAST Software signed a multi-million Euro license agreement with Deutsche Telekom AG to create a state-of-the-art software process in terms of transparency and quality of end product delivered by external providers. The license agreement is limited to Deutsche Telekom's fixed line telephony subsidiary operating under the brand T-Home.