latest news releases from the newsroom
Kratos Defense & Security Solutions, Inc.
WFI Announces Agreement to Sell U.S. Wireless Engineering Business to LCC International for $46 Million
SAN DIEGO, Calif., May 29, 2007 (PRIME NEWSWIRE) -- WFI (Nasdaq:WFII), a leader in the design, deployment, and management of wireless communication networks, information technology solutions and security systems, announced today that it has signed a definitive agreement with LCC International (Nasdaq:LCCI) to sell WFI's U.S. Wireless Engineering business for $46 million in total consideration, with $17 million in cash paid at closing, approximately $7 million in retained accounts receivable to be collected over the next few months, and the balance of approximately $22 million to be paid with a subordinated promissory note with a 36 month maturity. The note includes an interest rate escalation feature to encourage early payment by LCC, which both LCC and WFI believe could occur by the end of the year. The transaction is expected to close within a week, subject to meeting certain closing conditions. The assets being sold to LCC include all of WFI's domestic wireless engineering business. WFI will maintain its wireless network deployment business, which is deploying 3G, 4G, WiMAX and other wireless networks throughout the United States for major national wireless carriers, providing FCC-mandated E911 security network support services, and providing spectrum clearing services related to government agencies.
Izard Nobel LLP
Schatz Nobel Izard, P.C. Announces Settlement of PolyMedica Securities Litigation -- PLMD
HARTFORD, Conn., May 29, 2007 (PRIME NEWSWIRE) -- Schatz Nobel Izard, P.C. and Shapiro Haber & Urmy LLP announce that a settlement in the amount of $5,500,000 has been submitted for approval to the United States District Court for the District of Massachusetts in a class action lawsuit alleging violations of section 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. All persons who purchased or otherwise acquired the common stock of PolyMedica Corp. ("PolyMedica") during the period between October 26, 1998, and December 31, 2000, may be eligible to participate in the settlement.
VistaPrint to Present at the 2007 Stephens Spring Investment Conference
HAMILTON, Bermuda, May 29, 2007 (PRIME NEWSWIRE) -- VistaPrint Limited (Nasdaq:VPRT), the leading online supplier of high-quality graphic design services and customized printed products to small businesses and consumers, today announced that Harpreet Grewal, executive vice president and chief financial officer of VistaPrint, will present at the 2007 Stephens, Inc. Spring Investment Conference on June 6th, 2007 in New York City.
CanAm Uranium Corp.
CanAm Uranium Completes Property Option Agreement to Expand in the Athabasca Basin
LAS VEGAS, May 29, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTCBB:CAUI), is pleased to announce that on May 28th, 2007, the Company agreed to proceed with the acquisition of a 100% interest in the Don McCarthy Claim, (the "Claim"), located in the Athabasca Basin from Geomode Mineral Exploration Ltd. ("Geomode"), expanding CanAm Uranium Corp's property holdings to 146,925 acres of claims collectively.
Msnbc.com Science Editor Wins Highest Honor in State Journalism
REDMOND, Wash., May 29, 2007 (PRIME NEWSWIRE) -- Msnbc.com's Science Editor, Alan Boyle, has been selected as the recipient of the 2007 June Anderson Almquist Award for Distinguished Service to Journalism. The distinction is the highest honor in Washington State Journalism given by the Society of Professional Journalists (SPJ). Boyle will accept this award at the society's annual banquet on June 2, 2007, at the Meydenbauer Center in Bellevue, Wash.
Texans For Lawsuit Reform
Texans for Lawsuit Reform Commends 80th Legislature for a Constructive Lawsuit Reform Session
AUSTIN, Texas, May 29, 2007 (PRIME NEWSWIRE) -- Texans for Lawsuit Reform commended state lawmakers for their continued commitment to ending lawsuit abuse in Texas. In a constructive session for lawsuit reform, lawmakers closed a dangerous loophole in state venue law and rejected dozens of proposals to roll back groundbreaking lawsuit reforms enacted over the past decade that have boosted our economy and helped to create hundreds of thousands of new jobs for Texans.
GulfMark Offshore, Inc.
GulfMark to Present At the 2007 RBC Capital Markets Energy Conference
HOUSTON, May 29, 2007 (PRIME NEWSWIRE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) announced today that Bruce Streeter, President and Chief Executive Officer, and Edward Guthrie, Executive Vice President and Chief Financial Officer, will present at the 2007 RBC Capital Markets Energy Conference held in New York, New York, on Wednesday, June 6, 2007 at 9:40 a.m. EDT.