latest news releases from the newsroom
GulfMark Offshore, Inc.
GulfMark Offshore, Inc. to Offer $155 Million of Senior Notes
HOUSTON, July 8, 2004 (PRIMEZONE) -- GulfMark Offshore, Inc. (NASDAQ:GMRK) today announced that it intends, subject to market and other conditions to offer $155 million in aggregate principal amount of senior notes due 2014 (the "Notes"). GulfMark anticipates that the Notes will be unsecured and will not initially be guaranteed by any of its subsidiaries. GulfMark anticipates using the proceeds of the Notes to fund a tender offer and consent solicitation for any and all of its $130 million aggregate principal amount of 83/4% Senior Notes due 2008, as previously announced, to pay down other credit facility debt and for general corporate purposes.
Discovery Laboratories, Inc.
Discovery Laboratories Secures $75 Million Committed Equity Financing Facility
DOYLESTOWN, Pa., July 8, 2004 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) has entered into a Committed Equity Financing Facility Agreement (CEFF) with Kingsbridge Capital Limited in which Kingsbridge has committed to finance up to $75 million of capital to support Discovery's future growth. The Agreement requires Kingsbridge to purchase newly issued shares of Discovery common stock. Discovery will ultimately determine the exact timing, amount and price of any CEFF financings, subject to certain conditions. Kingsbridge is a private investment group, which operates as a closed fund, managing substantial assets for its principal. The CEFF allows Discovery to raise capital as required, at the time, price and in amounts deemed suitable to the Company, during a three-year period once the registration statement is filed by Discovery and declared effective by the Securities and Exchange Commission.
Pressure Profile Systems, Inc.
New Scalable Pressure Analysis Solution from Pressure Profile Systems, Inc. is Configurable, Fast and Meets Any Tactile Data Collection Essentials
LOS ANGELES, July 8, 2004 (PRIMEZONE) -- Pressure Profile Systems, Inc. (PPS) today introduced its most advanced tactile pressure measurement system, the T3000. The new data acquisition system is a complete turnkey solution designed to support up to 10,240 sensors (individually or in multiple sensor arrays) at acquisition rates of up to 128 kHz, enabling real-time tactile pressure analysis of objects in direct physical contact. In addition to the hardware package, the software converts raw sensor data into a color-coded, highly-realistic, 3D representation of pressures on irregularly shaped objects making the T3000 ideal for use in product design, mechanical assembly evaluation, ergonomic evaluation, impact analysis, and other diverse applications.
Oakley to Present at the CIBC Fourth Annual Consumer Growth Conference
FOOTHILL RANCH, Calif., July 8, 2004 (PRIMEZONE) -- Oakley, Inc. (NYSE:OO) said it will present at the CIBC Fourth Annual Consumer Growth Conference in Boston on Wednesday, July 14, 2004, at 2:20 pm eastern time. Chief Operating Officer Link Newcomb and Chief Financial Officer Tom George will highlight Oakley's successful product diversification strategy and ongoing new product introductions that are driving the company's growth.
Moreland Photography Captures Honors in International Photo Competition
ATLANTA, July 8, 2004 (PRIMEZONE) -- Moreland Photography of Atlanta, Georgia, today announced that photographer Mike Moreland has placed third in the International Wedding & Portrait Photography Competition held in Santa Monica, California in June, 2004. Moreland Photography specializes in unique photographs that combine photo-journalism with fine art, artistic photography, and creative photography.