latest news releases from the newsroom
Transocean Inc. Announces Contract for Deepwater Pathfinder
HOUSTON, July 8, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced that its deepwater drillship Deepwater Pathfinder, a single-activity rig capable of drilling in water depths up to 10,000 feet, has been awarded a five-year contract by a subsidiary of Eni for drilling operations primarily in the U.S. Gulf of Mexico. The contract is scheduled to commence in March 2010 following completion of the rig's existing contract commitments.
3D Eye Solutions, Inc.
AFA Music Group Offers Shareholders the Opportunity to Exchange Common Stock for Preferred
LONGWOOD, Fla., July 8, 2008 (PRIME NEWSWIRE) -- AFA Music Group, Ltd. (Pink Sheets:AFAO) is pleased to announce that the Company's Board of Directors has approved an offer to exchange Company Common Stock for shares of the Company's Series A Convertible Preferred Stock. For each one thousand shares of the Company's Common Stock tendered in the exchange, shareholders will receive one share of the Company's newly created Series A Preferred Stock, valued at $1.00 per share. The company will be completing the exchange based upon the common stock value of $0.001 per share.
Propalms' U.S. Distributor Connects With New England Primary Care Association to Increase TSE Licensee Portfolio
MALTON, England, July 8, 2008 (PRIME NEWSWIRE) -- Propalms, Inc. is pleased to announce that the Company has provided Terminal Services Edition (TSE) licenses to Bi-State Primary Care Association through their United States distribution partner, Tridex Systems. Propalms TSE technology is a complete management solution for the server-based computing environment. It provides a deployment, management, performance and security infrastructure, allowing on-demand access to applications at anytime from anywhere.
Leading Brands, Inc.
Leading Brands, Inc. Announces Results for Its Fiscal First Quarter Ended May 31, 2008
VANCOUVER, British Columbia, July 8, 2008 (PRIME NEWSWIRE) -- Leading Brands, Inc. (Nasdaq:LBIX), North America's only fully integrated healthy branded beverage company, announces results for its fiscal first quarter ended May 31, 2008. All financial amounts denominated in U.S. dollars.
VCG Holding Corp.
VCG Holding Corp. Receives License for the West Coast Acquisition
DENVER, July 8, 2008 (PRIME NEWSWIRE) -- VCG Holding Corp. (Nasdaq:VCGH), a growing and leading consolidator and operator of adult nightclubs, today announced that it has received its Business License for the previously disclosed acquisition of a nightclub located in the west coast region of the United States. The name and location of the nightclub will be kept confidential until the acquisition closes, which is expected to occur on July 28, 2008. As previously announced, the anticipated purchase price for the nightclub is $7.35 million based upon a multiple of 3.5 times the nightclub's expected EBITDA of $2.1 million for the trailing 12-month period ended immediately prior to the closing. The purchase price will be paid through a combination of seller financing and available cash.
GrafTech International Ltd
GrafTech to Announce Second Quarter 2008 Results
PARMA, Ohio, July 8, 2008 (PRIME NEWSWIRE) -- GrafTech International Ltd. (NYSE:GTI) will report earnings for the quarter ended June 30, 2008, on Tuesday, July 29, 2008.