latest news releases from the newsroom
About Communications Selects Natural Convergence for Hosted Voice Services
OTTAWA, Sept. 11, 2008 (GLOBE NEWSWIRE) -- Natural Convergence Inc. (NCI), a leading supplier of hosted VoIP (Voice over Internet Protocol) software applications, announces that their flagship product silhouette has been selected by About Communications to deliver highly differentiated hosted voice services to small and medium sized businesses.
Merit Medical Systems, Inc.
Merit Medical to Present At CL King's Best Ideas Conference
SOUTH JORDAN, Utah, Sept. 11, 2008 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (Nasdaq:MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology procedures, today announced that it will participate in CL King's Best Ideas Conference being held September 17-18, 2008 at the Omni Berkshire Place Hotel in New York City.
Gateway Financial Holdings, Inc.
Gateway Financial Holdings' Investment in Preferred Stock of Fannie Mae and Freddie Mac
VIRGINIA BEACH, Va., Sept. 11, 2008 (GLOBE NEWSWIRE) -- As a result of the announcement this past weekend by the US Treasury and the Federal Housing Finance Agency that the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) were placed into conservatorship, Gateway Financial Holdings, Inc. (the "Company" - Nasdaq:GBTS ) will evaluate the amount it must recognize as an "other than temporary impairment" non-cash charge with respect to its investments in Freddie Mac and Fannie Mae preferred stock. The precise amount of the impairment that will be recognized on these securities for the third quarter will be difficult to determine, given the uncertainties and significant volatility being experienced in the market. An "other than temporary impairment" charge will reduce earnings accordingly. The Company does not hold any common or any other equity securities issued by Fannie Mae or Freddie Mac.
Zecotek Photonics Inc.
Zecotek Receives Initial Purchase Orders Having Set Pricing and Performance Specifications for its High-Performance RFO Vanadate Crystals
VANCOUVER, British Columbia, Sept. 11, 2008 (GLOBE NEWSWIRE) -- Zecotek Photonics Inc. (TSX-V:ZMS) (Frankfurt:W1I) today announced that Zecotek Laser Systems Singapore Pte. Ltd., a wholly-owned subsidiary, has received purchase orders for its proprietary high-performance Rare-Earth Fine Oxide (RFO) Vanadate Crystals for laser applications. The announcement follows the initial sales and qualification of its neodymium doped yttrium vanadate laser cavity crystals by major U.S and European based laser manufacturers. Zecotek has been working closely with industry leading laser manufacturers to align quality testing procedures and standards and reached mutual agreement on final specifications and pricing levels. The vanadate crystals are expected to be used in a new series of high-performance industrial lasers. For competitive reasons terms of the purchase orders remain confidential.