latest news releases from the newsroom
First Equity Group
StockMarketNewsAlert.com Issues New Trade Alert for Micromet, Inc.
BOCA RATON, Fla., May 24, 2007 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for Micromet, Inc. (Nasdaq:MITI). According to Marco D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive. Micromet, Inc. and Nycomed announced an agreement under which the two companies will collaborate on the development of anti-GM-CSF antibodies that may be useful for the treatment of inflammatory and autoimmune diseases. The lead product candidate in the collaboration is Micromet's MT203, a human antibody which neutralizes granulocyte macrophage colony-stimulating factor (GM-CSF), a cytokine known to play a significant role in autoimmune and inflammatory disease. Preclinical studies performed by Micromet support the development and evaluation of MT203 for the treatment of rheumatoid arthritis, multiple sclerosis, psoriasis, asthma and chronic obstructive pulmonary disease. MT203 is expected to enter clinical trials in 2008.
Intelligent Systems Corporation
Intelligent Systems Announces AMEX Listing Compliance
NORCROSS, Ga., May 24, 2007 (PRIME NEWSWIRE) -- Intelligent Systems Corporation (AMEX:INS), www.intelsys.com, announced today that it has received confirmation from the American Stock Exchange (AMEX) that the Company has resolved the continued listing deficiency cited in a letter from the AMEX on April 27, 2006. As previously disclosed, the Company submitted a plan, which was accepted by AMEX on July 27, 2006, outlining its plan to achieve compliance with the continued listing standards of the AMEX by October 26, 2007.
The Topps Co. Inc.
The Topps Company, Inc. Receives Unsolicited Indication of Interest from Upper Deck
NEW YORK, May 24, 2007 -- The Topps Company, Inc. (Nasdaq:TOPP) announced today that it has received an unsolicited indication of interest from The Upper Deck Company to acquire Topps for a price of $10.75 per share. Topps had previously received an indication of interest for the same amount from Upper Deck as part of the Company's "go shop" process under its existing merger agreement with The Tornante Company LLC and Madison Dearborn Partners, LLC. The previous indication of interest was not pursued by the Topps Board of Directors for a substantial number of reasons, including the absence of any information as to whether Upper Deck would be capable of financing its proposed acquisition, the risk that the transaction would not be consummated due to the failure to obtain the necessary regulatory approvals, Upper Deck's unwillingness to assume sufficient risk as to the occurrence of such a failure, Upper Deck's insistence on limiting its liability in the event of its breach of a definitive agreement and certain other issues identified in its indication of interest.
First Capital, Inc.
First Capital, Inc. Announces Quarterly Dividend
CORYDON, Ind., May 24, 2007 (PRIME NEWSWIRE) -- The Board of Directors of First Capital, Inc. (Nasdaq:FCAP) has declared a quarterly cash dividend of $0.17 (seventeen cents) per share of common stock, according to William W. Harrod, President and Chief Executive Officer. The dividend will be paid on June 29, 2007 to shareholders of record as of June 15, 2007.