latest news releases from the newsroom
Port of Houston Authority
PHA Commission Considers Access Control, Bayport Matters
HOUSTON, Oct. 20, 2006 (PRIMEZONE) -- The Port Commission of The Port of Houston Authority will consider access control enhancements for several of its facilities, among other items, during its public meeting on Monday, October 23, beginning at 1 p.m. in the board room of the PHA Executive Building, 111 East Loop North (Exit 29 off Loop 610) in Houston. Chairman Jim Edmonds will preside over the meeting with Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Kase Lawal, Commissioner Jimmy Burke, Commissioner Janiece Longoria and Commissioner Elyse Lanier.
Value Line, Inc.
Value Line, Inc. Announces 20 Percent Increase in Dividend
NEW YORK, Oct. 20, 2006 (PRIMEZONE) -- Value Line, Inc. (Nasdaq:VALU) announced that at its Board of Directors Meeting held on October 19, 2006, the Company's Directors declared a 20% increase in its quarterly cash dividend, raising the amount to $0.30 per share on its common stock. The dividend is to be paid on November 15, 2006, to shareholders of record October 30, 2006.
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Secures Bridge Funding
PALATINE, Ill., Oct. 20, 2006 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced it has secured gross proceeds of $620,000 under a term loan agreement (the "Loan") with Essex Woodlands Health Ventures V, L.P., Care Capital Investments II, L.P., Care Capital Offshore Investments II, L.P., Galen Partners III, L.P., Galen Partners International III, L.P. and Galen Employee Fund III, L.P (collectively the "Bridge Lenders"). Coincident with this Loan, the Bridge Lenders have agreed to change the maturity date on all previous bridge loans to December 1, 2006 from November 1, 2006. The Loan bears an annual interest rate of 10%, is secured by a lien on all assets of the Company and its subsidiary, matures on December 1, 2006 and is senior to all other Company debt. The Loan permits the funding of additional cash amounts subject to agreement by the Company and the Bridge Lenders. No assurance can be given, however, that any additional funding will be advanced to the Company under the terms of the Loan. In addition, the Bridge Lenders have agreed to accept in satisfaction of the next interest payment due under the bridge loans a number of shares of Common Stock of the Company based on the average of the closing bid and asked prices of the Common Stock for the five trading days immediately preceding the interest payment date.
Wolverine Tube Inc.
Wolverine Tube Third Quarter 2006 Earnings Conference Call
HUNTSVILLE, Ala., Oct. 20, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today announced that it now plans to report earnings for the third quarter ended October 1, 2006 on Wednesday, November 1, 2006. This is a change from the original date of October 26, 2006. A news release and supporting financial data will be released to the news wire services and the New York Stock Exchange before the market opens, and a conference call will be held at 9:30 a.m. Central (10:30 a.m. Eastern), November 1, 2006. The full text of the earnings news release and supporting financial data will be available prior to the start of this call on the Company's website, http://www.wlv.com, in the Investor Relations section under the "Press Releases" link.