latest news releases from the newsroom
Irwin Resources Inc.
Irwin Resources Inc. Provide Corporate Update
VANCOUVER, British Columbia, Feb. 14, 2007 (PRIME NEWSWIRE) -- Irwin Resources Inc. (Pink Sheets:IWRS) Chairman, Werner Grieder announced today that as the Company moves on with its ongoing restructuring, George Stefanopoulos has stepped down from his position as interim President and a new management team has been appointed. Mr. John R Gaetz, a long time Director and past President of the Company has agreed to reassume the positions of President and CEO, Mr. Jason Ashdown has been reappointed Chief Operating Officer and Director, and Mr. Darrell Cho will remain as the Company's Secretary and Director.
WCI Communities, Inc.
WCI Communities Appoints James F. McDonald to its Board of Directors
BONITA SPRINGS, Fla., Feb. 14, 2007 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI), a leading builder of highly amenitized lifestyle communities, today announced that its Board of Directors appointed James F. McDonald as a director, effective immediately. Mr. McDonald will serve on the Board's Audit, Executive Compensation and Nominating/Corporate Governance Committees. With the appointment of Mr. McDonald, WCI's Board will expand back to 10 members, eight of whom are independent.
Tuxis Corporation Announces Intention to Voluntarily Delist Common Stock From American Stock Exchange and Terminate Registration as a Public Company
NEW YORK, Feb. 14, 2007 (PRIME NEWSWIRE) -- Tuxis Corporation (AMEX:TUX) (the "Company") today announced that it has submitted written notice to the American Stock Exchange ("AMEX") of its intention to voluntarily delist its common stock from the AMEX. On or about February 26, 2007, the Company intends to file a Form 25 with the Securities and Exchange Commission ("SEC") to complete the voluntary delisting of its common stock from the AMEX, which will become effective 10 days after the filing date. Subsequently, the Company intends to file a Form 15 with the SEC to terminate the registration of its common stock under the Securities Exchange Act of 1934, as amended ("Exchange Act"). The Company anticipates the termination of registration will become effective 90 days following the filing of the Form 15 with the SEC. Upon filing of the Form 15, the Company's obligation to file certain reports and forms, including Forms 10-KSB, 10-QSB and 8-K, with the SEC will immediately be suspended.
Credit Acceptance Corporation
Credit Acceptance Announces Renewal of Revolving Warehouse Facility of $325 Million
SOUTHFIELD, Mich., Feb. 14, 2007 (PRIME NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has renewed its $325 million revolving warehouse facility. The maturity date of this facility has been extended to February 13, 2008. Under this facility, as renewed, the Company may contribute dealer loans to a wholly owned special purpose entity and receive 80% of the net book value of the dealer loans in non-recourse financing. Borrowings under the facility bear interest at a floating rate equal to the commercial paper rate plus 65 basis points. As of February 13, 2007, the Company had $197.5 million outstanding on the facility.