latest news releases from the newsroom
Ivivi Technologies, Inc.
Ivivi Technologies Repurchased 650,000 Shares of Common Stock in a Negotiated Transaction
MONTVALE, N.J., Oct. 16, 2008 (GLOBE NEWSWIRE) -- Ivivi Technologies, Inc. (Nasdaq:IVVI), a leader in non-invasive, electrotherapy systems, today announced that it has repurchased 650,000 shares of its common stock for a purchase price of $0.15 per share, or $97,500. The shares represented 6% of the Company's outstanding common stock. The seller was The Pinnacle Fund, L.P., a Texas limited partnership and, as a result of the repurchase, Pinnacle no longer holds any of the 1,000,000 shares of common stock previously purchased from Ivivi. After the repurchase, which was funded from working capital, the Company has 10,116,930 shares of common stock outstanding as of October 15, 2008.
Javo Beverage Company Inc.
Javo Beverage Secures Asset and Receivable Facility
SAN DIEGO, Oct. 16, 2008 (GLOBE NEWSWIRE) -- Javo(r) Beverage Company, Inc. (OTCBB:JAVO), a leading provider of premium dispensable coffee and tea-based beverages to the food service industry, announced that is has secured and funded asset and receivable-based financing that will provide additional liquidity as it continues to grow its beverage dispenser-based business.
Axcelis Technologies, Inc.
Axcelis Announces Timing of Third Quarter 2008 Results
BEVERLY, Mass., Oct. 16, 2008 (GLOBE NEWSWIRE) -- Axcelis Technologies, Inc. (Nasdaq:ACLS), a leading supplier of ion implantation and cleaning systems, today announced that it plans to release third quarter 2008 financial results on Tuesday, November 4, 2008.
Builders FirstSource, Inc.
Builders FirstSource Exiting New Jersey Market
DALLAS, Oct. 16, 2008 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq:BLDR), a leading supplier and manufacturer of structural and related building products, announced its decision to exit the New Jersey market. The Company operated a distribution center, a manufacturing facility and three showrooms. We expect to have facility closure costs and possibly further asset impairments related to these facilities in the fourth quarter of 2008. The estimated cash savings over the next two years is $5 to $7 million.