Tag Archives: Securities Exchange Act

GSE Systems, Inc. to Present at Roth Capital Partners 25
^th Annual OC Growth Conference

SYKESVILLE, Md.–(BUSINESS WIRE)– GSE Systems, Inc. (“GSE“) (NYSE MKT: GVP), a global energy services solutions provider, today announced that Jim Eberle, GSE‘s Chief Executive Officer, is scheduled to present at the Roth Capital Partners 25th Annual ROTH Conference on Wednesday, March 20, 2013 at 10:00 am PT / 1:00 pm ET. The event will be held at The Ritz Carlton in Dana Point, CA. A live webcast of the presentation will be available at http://wsw.com/webcast/roth27/gvp/.

About GSE Systems, Inc.

GSE Systems, Inc. is a world leader in real-time high-fidelity simulation, providing a wide range of simulation, training and engineering solutions to the energy and process industries. Its comprehensive and modular solutions help customers achieve performance excellence in design, training and operations. GSE‘s products and services are tailored to meet specific client requirements such as scope, budget and timeline. The Company has over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. GSE Systems is headquartered in Sykesville (Baltimore), Maryland, with offices in St. Marys, Georgia; Madison, New Jersey; Cary, North Carolina; Chennai, India; Nyköping, Sweden; Stockton-on-Tees, UK; Glasgow, UK; and Beijing, China. Information about GSE Systems is available at www.gses.com.

FORWARD LOOKING STATEMENTS

We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the …read more
Source: FULL ARTICLE at DailyFinance

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RBCC: Tech Innovations Drive Big Growth in $60 Billion Drug Delivery Market

March 13, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

RBCC: Tech Innovations Drive Big Growth in $60 Billion Drug Delivery Market

NOKOMIS, Fla.–(BUSINESS WIRE)– The next generation of advanced pharmaceutical technologies could be poised to fuel remarkable growth in the $60 billion global drug delivery market, and Rainbow Biosciences—the biotech subsidiary of Rainbow Coral Corp. (OTCBB: RBCC)—plans to be right in the middle of the action.

New drug delivery methods are seen by some pharmaceutical giants as a crucial growth generator, and new innovations are spreading across the healthcare sector. Many experts believe that personalized medicine is the future of healthcare, and customized drug delivery has the potential to drastically change the way value is assessed and compensated in the U.S. healthcare system.

RBCC is working hard to capitalize on the changing drug-delivery paradigm by partnering with key players in the field. The company is now in talks with an emerging company that owns technology with the potential to enable selective, site-specific delivery, allowing for lower drug concentrations and greatly reducing the risk of drug toxicity. In addition to helping millions of patients struggling with chronic conditions, this bold new technology can also extend the patent life cycles of drugs, giving potential pharmaceutical partners a tremendous market advantage.

For more information on Rainbow BioSciences’ current projects, please visit www.rainbowbiosciences.com/investors.html.

Rainbow BioSciences will develop new medical and research technology innovations to compete alongside companies such as Bristol Myers Squibb Co. (NYS: BMY) , Biogen Idec Inc. (NAS: BIIB) , Abbott Laboratories (NYS: ABT) and Amgen Inc. (NAS: AMGN) .

About Rainbow BioSciences

Rainbow BioSciences, LLC, is a wholly owned subsidiary of Rainbow Coral Corp. (OTCBB: RBCC). The Company continually seeks out new partnerships with biotechnology developers to deliver profitable new medical technologies and innovations. For more information on our growth-oriented business initiatives, please visit www.RainbowBioSciences.com. For investment information and performance data on the Company, please visit www.RainbowBioSciences.com/investors.html.

Notice Regarding Forward-Looking Statements

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Kirby McInerney LLP Announces That a Class Action Lawsuit Has Been Filed on Behalf of Tangoe, Inc. I

March 12, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Kirby McInerney LLP Announces That a Class Action Lawsuit Has Been Filed on Behalf of Tangoe, Inc. Investors

NEW YORK–(BUSINESS WIRE)– Kirby McInerney LLP announced today that it has been retained by an investor in Tangoe, Inc. (“Tangoe” or the “Company”) (NAS: TNGO) to pursue claims in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased Tangoe securities between December 20, 2011 and September 5, 2012 (the “Class Period“). Other investors have already filed suit asserting claims against Tangoe and certain officers for violation of §10(b) of the Securities Exchange Act of 1934.

Tangoe develops and markets computer software to help companies manage and control their fixed and mobile communications assets and costs. The lawsuit as filed alleges that throughout the Class Period, Defendants issued materially false and misleading statements regarding the Company’s business, operational and compliance policies to inflate their share price. Particularly, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was overstating organic growth by underreporting the percentage of revenue derived from recent acquisitions; (ii) the Company was not growing customers organically as its deferred implementation fees failed to grow; and (iii) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times.

On August 28, 2012, a report was published that described the Company as having a “risky acquisition-driven growth strategy.” On this news, Tangoe shares declined $3.39 per share from $20.09 per share to $16.70 per share.

On September 6, 2012, another report was published that alleged that the Company had materially misrepresented its organic growth rate. On this news, Tangoe shares declined $1.03 per share, from $17.00 to $15.97 per share.

If you acquired Tangoe securities during the Class Period, you may, no later than April 29, 2013, request that the court appoint you lead plaintiff of the proposed class. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions that could affect the overall recovery for class members, including decisions concerning settlement. If you have any questions about this matter, and any rights you might have with respect to these claims, contact Tom Elrod at telrod@kmllp.com, or Wilona Karnadi at wkarnadi@kmllp.com, or by telephone at (212) 371-6600.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex …read more
Source: FULL ARTICLE at DailyFinance

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Ark Restaurants Enters Into Agreement with New Meadowlands Racetrack

March 12, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Ark Restaurants Enters Into Agreement with New Meadowlands Racetrack

NEW YORK–(BUSINESS WIRE)– Ark Restaurants Corp. (NAS: ARKR) announced today that it has entered into a long term agreement with New Meadowlands Racetrack LLC to provide food and beverage services for the new racing facilities being constructed at the Meadowlands Racetrack in northern New Jersey. New Meadowlands Racetrack LLC has a long term lease with the State of New Jersey and expects the new facility to be open in mid-November. Ark’s agreement extends to any future development at the race track site. In conjunction with this agreement, Ark will make an equity investment in New Meadowlands Racetrack LLC.

Ark also acknowledged receipt of a letter from Landry’s, Inc. dated March 7, 2013. As previously announced, the Ark board of directors had carefully reviewed with its independent financial and legal advisors Landry’s unsolicited proposal made in February—and unchanged in the March 7 letter—and determined that it is inadequate, not compelling and not in the best interests of Ark’s shareholders taking into account, among other things, the Company’s future prospects and the ability of the Company’s experienced management to operate and grow the Company’s business. In light of the foregoing, the board of directors has no intention of waiving the applicability of the New York takeover statute which is expressly intended to protect companies against inadequate and potentially coercive unsolicited proposals such as that from Landry’s.

Except for historical information, this news release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve unknown risks, and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that might cause such differences are discussed in the Company’s filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.

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Massive Dynamics Engages with Renowned 3D Technologist

March 12, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Massive Dynamics Engages with Renowned 3D Technologist

CUPERTINO, Calif.–(BUSINESS WIRE)– Massive Dynamics Inc. (OTCQB: MSSD) announced today that it has signed a consulting agreement with Mr. Jonathan J. Howard, a prestigious Silicon Valley Technologist. Howard has successfully developed product road maps for companies such as Intel, Compaq, Apple and Cisco through strategic planning and building a market driven mentality. It is this experience and innovation that will forge Massive Dynamics‘ future success.

Howard received his technical training in the United States Air Force and has over twenty years of marketing and management experience, leading to the development and commercialization of multiple high-tech products. He brings with him a talented team of engineers, designers and industry experts, all prepared to assist in the enhancement of Massive Dynamics 3D printing solutions.

“We made a commitment to break new ground in the 3D market and we are gearing up with an outstanding team of designers and engineers lead by JJ Howard,” said President Oscar Hines. “With a team of this pedigree we are excited about bringing our customers the very best innovations.”

As the current President of Real-View 3D and Quantum Medical Technology, Howard is currently developing 3D hyper-spectral medical cameras, robotics and medical imaging products as well as Real-View 3D consumer desktop 3D scanners.

To learn more about Massive Dynamics visit our website: http://www.massivedynamicsinc.com

Massive Dynamics Inc. would also like to announce that it has postponed release of its new 4.0 Tablet scheduled to be held in Cupertino, CA on March 15th due to unforeseen delays in the completion of the final production prototypes. More information will be released as it becomes available.

About Massive Dynamics, Inc. (OTCQB: MSSD)

Massive Dynamics, Inc. is a Nevada corporation listed on the OTCQB under the trading symbol MSSD. The Company is an acquirer, developer and seller of leading edge consumer oriented technologies and products ready for rapid commercialization.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and …read more
Source: FULL ARTICLE at DailyFinance

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Lithium Corporation Stakes Fish Lake Valley Claims

March 12, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Lithium Corporation Stakes Fish Lake Valley Claims

RENO, Nev.–(BUSINESS WIRE)– Lithium Corporation (OTCBB: LTUM) (the “Company”, or “Lithco”) is pleased to announce that it has staked strategically-located claims at its Fish Lake Valley property in Esmeralda County, Nevada.

The Company became aware several months ago that certain claims held by a third party in the area of Lithium Corporation‘s most recent exploration work at Fish Lake Valley had been allowed to lapse, and the Company immediately took steps to acquire a block of 320 acres through staking. These claims have long been considered critical to the Company’s efforts at Fish Lake Valley. This is confirmed by the late 2012 drill program, which outlined the open-ended subsurface lithium/boron/potassium anomaly that trends into this newly acquired ground.

The Company intends to drill more in Fish Lake Valley, once surface conditions improve later in 2013. In addition to the Fish Lake Valley prospect, Lithium Corporation is actively exploring its San Emidio property, and continues to generate and evaluate other exploration prospects.

The Company has decided to terminate its efforts with respect to becoming a reporting issuer in Canada, and will not seek a listing on any Canadian exchange, until such time as market conditions improve in Canada.

For further information please contact Andy Dewey at Lithium Corporation at (775) 410-2206 or via email at info@lithiumcorporation.com.

About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources within the Great Basin. The Company explores and develops potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.

Notice Regarding Forward-Looking Statements

This current report contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, exploration and development of our mineral properties, specifically in regards to any future drilling programs.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated …read more
Source: FULL ARTICLE at DailyFinance

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Commonwealth Bankshares, Inc. of Upco

March 11, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Commonwealth Bankshares, Inc. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

Do you, or did you, own shares of Commonwealth Bankshares, Inc. (OTC GREY: CWBS )?
Did you purchase your shares before May 9, 2008, or between May 9, 2008 and September 23, 2011?
Did you lose money in your investment in Commonwealth Bankshares, Inc.?
Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminders shareholders of Commonwealth Bankshares, Inc. (OTC GREY: CWBS) (“Commonwealth” or the “Company”) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities that purchased the common stock of Commonwealth between May 9, 2008 and September 23, 2011, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2013.

If you purchased shares of Commonwealth during the Class Period, or purchased shares prior to the Class Period and still hold Commonwealth, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/commonwealth-bankshares-inc-cwbs.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class …read more
Source: FULL ARTICLE at DailyFinance

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Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ITT

March 11, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ITT Educational Services, Inc.

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

Do you, or did you, own shares of ITT Educational Services, Inc. (NYSE: ESI )?
Did you purchase your shares before April 22, 2010, or between April 22, 2010 and February 25, 2013, inclusive?
Did you lose money in your investment in ITT Educational Services, Inc.?
Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of ITT Educational Services, Inc. (“ITT” or the “Company”) (NYSE: ESI) between April 22, 2010 and February 25, 2013, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of ITT during the Class Period, or purchased shares prior to the Class Period and still hold ITT, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/itt-educational-services-inc-esi.

ITT is a leading proprietary provider of postsecondary degree programs in the United States based on revenue and student enrollment. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that: (a) the Company failed to properly account for the 2009 loan risk-sharing agreement and its PEAKS Private Student Loan Program (“PEAKS Program”); and (b) the Company failed to maintain …read more
Source: FULL ARTICLE at DailyFinance

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CBRE Group, Inc. Announces Pricing of $800 Million of 5.00% Senior Unsecured Notes Due 2023

March 11, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

CBRE Group, Inc. Announces Pricing of $800 Million of 5.00% Senior Unsecured Notes Due 2023

LOS ANGELES–(BUSINESS WIRE)– CBRE Group, Inc. (NYS: CBG) today announced the pricing of its offering of $800 million in aggregate principal amount of 5.00% senior notes due 2023 (the “Notes”). The Notes will have an interest rate of 5.00% per annum and are being issued at a price equal to 100% of their face value. The Notes will be issued by the Company’s wholly-owned subsidiary, CBRE Services, Inc., and guaranteed by the Company and the subsidiaries that guarantee its senior secured credit facility, on a full and unconditional basis.

The Company estimates that the net proceeds from the offering will be approximately $785.2 million, after deducting the underwriters’ discounts and estimated offering expenses. The Company intends to use the net proceeds from such offering of the Notes to repay a portion of its outstanding indebtedness under its senior secured credit facilities.

BofA Merrill Lynch, J.P. Morgan, Credit Suisse, Wells Fargo Securities, HSBC, Scotiabank, Barclays Capital and RBS are acting as joint book-running managers for the offering of the Notes.

The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission (the “SEC“). The offering of the Notes will be made only by means of a prospectus supplement and accompanying base prospectus, which may be obtained for free by visiting EDGAR on the SEC‘s website at www.sec.gov. Alternatively, copies may be obtained from: BofA Merrill Lynch, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, or email: dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in CBRE Group, Inc.’s filings with the SEC. …read more
Source: FULL ARTICLE at DailyFinance

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dELiA*s, Inc. to Report Fourth Quarter and Full Year Fiscal 2012 Results on March 28, 2013

March 11, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

dELiA*s, Inc. to Report Fourth Quarter and Full Year Fiscal 2012 Results on March 28, 2013

NEW YORK–(BUSINESS WIRE)– dELiA*s, Inc. (NASDAQ:DLIA), a multi-channel retail company comprised of two lifestyle brands marketing to teenage girls and young women, intends to release fourth quarter and full year fiscal 2012 results before the market opens on March 28, 2013.

The Company will host a conference call on March 28, 2013 at 10:00 A.M. Eastern Time, which may be accessed live via audio webcast on the Investor Information section of the Company’s website, located at www.deliasinc.com. A replay of the call will be available through April 28, 2013 until 11:59 P.M. (EST) and can be accessed by dialing 877-870-5176 and providing the passcode 1253048. The webcast will also be archived on the Company’s website.

About dELiA*s, Inc.

dELiA*s, Inc. is a multi-channel company comprised of two lifestyle brands marketing to teenage girls and young women. Its brands – dELiA*s and Alloy – generate revenue by selling apparel, accessories and footwear to consumers through websites, direct mail catalogs and dELiA*s mall-based specialty retail stores.

Forward-Looking Statements

This announcement may contain forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our expectations and beliefs regarding our future results or performance. Because these statements apply to future events, they are subject to risks and uncertainties. When used in this announcement, the words “anticipate”, “believe”, “estimate”, “expect”, “expectation”, “should”, “would”, “project”, “plan”, “predict”, “intend” and similar expressions are intended to identify such forward-looking statements. Our actual results could differ materially from those projected in the forward-looking statements. Additionally, you should not consider past results to be an indication of our future performance. For a discussion of risk factors that may affect our results, see the “Risk Factors That May Affect Future Results” section of our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. We do not intend to update any of the forward-looking statements after the date of this announcement to conform these statements to actual results, to changes in management’s expectations or otherwise, except as may be required by law.

…read more
Source: FULL ARTICLE at DailyFinance

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Manning & Napier, Inc. Announces Quarterly Dividend

March 11, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Manning & Napier, Inc. Announces Quarterly Dividend

FAIRPORT, N.Y.–(BUSINESS WIRE)– Manning & Napier, Inc. (NYSE: MN), (“Manning & Napier” or “the Company”) today announced that its board of directors has declared a quarterly dividend of $0.16 per share of Class A common stock. The dividend will be paid on or about May 1, 2013 to shareholders of record as of the close of business on April 15, 2013.

The dividend marks the fifth quarterly dividend since the Company’s Initial Public Offering conducted in November 2011.

About Manning & Napier, Inc.

Manning & Napier (NYS: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 502 employees as of December 31, 2012.

Safe Harbor Statement

This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company’s current views with respect to, among other things, its operations and financial performance. Words like “believes,” “expects,” “may,” “estimates,” “will,” “should,” “intends,” “plans,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company’s actual results to differ from its expectations or beliefs include, without limitation: changes in securities or financial markets or general economic conditions; a decline in the performance of the Company’s products; client sales and redemption activity; changes …read more
Source: FULL ARTICLE at DailyFinance

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ArthroCare Announces Participation in Investor Conference

March 11, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

ArthroCare Announces Participation in Investor Conference

AUSTIN, Texas–(BUSINESS WIRE)– ArthroCare Corp. (NAS: ARTC) , a leader in developing state-of-the-art, minimally invasive surgical products, announced today participation in an upcoming investor conference, as detailed below.

On Tuesday, March 19, 2013 ArthroCare will present during the Canaccord Genuity Musculoskeletal Conference. David Fitzgerald, President and Chief Executive Officer, will deliver the business presentation. Please see the conference details below.

Canaccord Genuity Musculoskeletal Conference

Date: Tuesday, March 19, 2013
Time: 9:30 a.m. CT
Location: Chicago, IL

The presentation will be webcast live and can be accessed on ArthroCare’s website at www.arthrocare.com. The webcast will remain available for 30 days following the presentation.

ABOUT ARTHROCARE

ArthroCare develops and manufactures surgical devices, instruments, and implants that strive to enhance surgical techniques as well as improve patient outcomes. Its devices improve many existing surgical procedures and enable new minimally invasive procedures. Many of ArthroCare’s devices use its internationally patented Coblation^® technology. This technology precisely dissolves target tissue and limits damage to surrounding healthy tissue. ArthroCare also develops surgical devices utilizing other patented technology including its OPUS^® line of fixation products as well as re-usable surgical instruments. ArthroCare is leveraging these technologies in order to offer a comprehensive line of surgical devices to capitalize on a multi-billion dollar market opportunity across several surgical specialties, including its two core product areas consisting of Sports Medicine and Ear, Nose, and Throat as well as other areas such as spine, wound care, urology and gynecology.

FORWARD-LOOKING STATEMENTS

The information provided herein includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on beliefs and assumptions by management and on information currently available to management. Forward-looking statements speak only as of the date …read more
Source: FULL ARTICLE at DailyFinance

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CYS Investments, Inc. Board of Directors Declares First Quarter 2013 Common Stock Dividend of $0.32

March 8, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

CYS Investments, Inc. Board of Directors Declares First Quarter 2013 Common Stock Dividend of $0.32 Per Share, and Preferred Stock Dividend

NEW YORK–(BUSINESS WIRE)– The Board of Directors of CYS Investments, Inc. (NYS: CYS) (the “Company”) today declared a quarterly dividend of $0.32 per share of common stock for the first quarter of 2013. The common stock dividend will be paid on April 17, 2013 to common stock stockholders of record on March 25, 2013.

In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on January 15, 2013, and ends on April 14, 2013. This dividend is payable on April 15, 2013 to Series A Preferred Stock stockholders of record as of April 1, 2013.

About CYS Investments, Inc.

CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. The Company refers to these securities as Agency RMBS. The Company has elected to be taxed as a real estate investment trust for federal income tax purposes.

Forward-Looking Statements Disclaimer

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us, including those described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012, which has been filed with the Securities and Exchange Commission. If a change occurs, these forward-looking statements may vary materially from those expressed in this release. All forward-looking statements speak only as of the date on which they are made. Except as required by law, we are not obligated to, and do not intend to, …read more
Source: FULL ARTICLE at DailyFinance

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Enzo Biochem Schedules Teleconference to Discuss Second Quarter Results on March 13, 2013 at 8:30 AM

March 8, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Enzo Biochem Schedules Teleconference to Discuss Second Quarter Results on March 13, 2013 at 8:30 AM E.T.

NEW YORK–(BUSINESS WIRE)– Enzo Biochem, Inc. (NYS: ENZ) , will hold a conference call to discuss fiscal 2013 second quarter results on Wednesday, March 13, 2013, at 8:30 AM E.T.

To listen to the conference call dial 1-888-459-5609. International callers can dial 1-973-321-1024. When prompted, use PIN number 19695460. Dial in approximately ten minutes prior to the scheduled teleconference time. A rebroadcast of the call will be available starting approximately two hours after the conference call ends, through midnight (E.T.) Wednesday, March 27, 2013. The replay of the conference call can be accessed by dialing 1-800-585-8367 (International callers can dial 1-404-537-3406) and, when prompted, use the same PIN number 19695460.

Enzo’s conference call can also be accessed live over the Internet at http://phoenix.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=94391&eventID=4925179

To listen to the live call, individuals should go to the web site at least 15 minutes early to register, download and install any necessary audio software. Any pop up blocker installed on your PC should be disabled while accessing the webcast.

A press release announcing second quarter results will be distributed Tuesday, March 12, 2013 after the market close.

Enzo Biochem is engaged in the research, development and manufacture of innovative health care products based on molecular biology and genetic engineering techniques, and in providing diagnostic services to the medical community.

Except for historical information, the matters discussed in this news release may be considered “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management, including those related to cash flow, gross margins, revenues, and expenses are dependent on a number of factors outside of the control of the company including, inter alia, the markets for the Company’s products and services, costs of goods and services, other expenses, government regulations, litigations, and general business conditions. See Risk Factors in the Company’s Form 10-K for the fiscal year ended July 31, 2010. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this press release.

Business, Finance, Occupation & Industry

Solar America Looks toward Mexico and Central America as Next Hot Spot for Solar Projects

March 8, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Solar America Looks toward Mexico and Central America as Next Hot Spot for Solar Projects

GULFPORT, Miss.–(BUSINESS WIRE)– Solar America Corp. (OTCBB: SOLX) has identified Mexico and Central America as regions capable for tremendous growth in the solar market. Solar America is positioned to participate in this growth through the use of their comprehensive solutions, which can be easily implemented throughout Mexico and Central America.

“After exploring various regions, we are excited about the potential to establish a footprint in Mexico‘s rapidly growing solar energy sector,” said Robert Bludorn, CEO of Solar America.

Mexico has proven to be ideal for alternative energy solutions. Less than one percent of Mexico‘s land area would need to be developed to power the entire nation, according to the Secretaria de Energia de Mexico, Mexico‘s energy ministry. Solar America recently signed a Memorandum of Understanding with Valdez Cueva Constructores Asosiados to provide solar energy solutions for the Los Conejos housing project in Tonlola, a suburb of Guadalajara.

Claudia Hernandez, the ministry’s Director of Renewables, stated at a conference in Mexico City, “31.4 billion pesos ($2.46 billion) will be used for investing in renewable energy programs to be in place by 2020.”

According to a recent Bloomberg article, Mexico wants to increase solar solutions to reach the country’s renewable energy target of 35 percent of power generation from alternative sources. This type of government support, increased consumption and the region’s ample space and sunlight are just some of the reasons why Solar America Corp. is looking to engage in new solar projects in Mexico and Central America.

About Solar America Corporation

Solar America Corporation intends to commercialize and distribute innovative solar energy products and solutions. Solar America intends to capitalize on its position in the alternative energy sector to develop cutting-edge solar technologies. Solar America common stock is traded under the symbol SOLX. For more information please visit www.solaramericacorp.com.

Business, Finance, Occupation & Industry

Ark Restaurants Announces Declaration of Dividend

March 6, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Ark Restaurants Announces Declaration of Dividend

NEW YORK–(BUSINESS WIRE)– Ark Restaurants Corp. (NAS: ARKR) announced today that the Board of Directors declared its regular quarterly dividend of 25 cents per share on the Company’s common stock to be paid on April 4, 2013 to shareholders of record at the close of business on March 20, 2013.

Ark Restaurants owns and operates 19 restaurants and bars, 22 fast food concepts and catering operations in New York City, Washington, D.C. and Las Vegas, NV. Five restaurants are located in New York City, three are located in Washington, D.C., seven are located in Las Vegas, Nevada, two are located in Atlantic City, New Jersey, one is located at the Foxwoods Resort Casino in Ledyard, Connecticut and one is located in Boston, Massachusetts. The Las Vegas operations include five restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel’s room service, banquet facilities, employee dining room and six food court concepts; one bar within the Venetian Casino Resort, as well as three food court concepts and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino. The operations at the Foxwoods Resort Casino include one fast food concept and one restaurant. In Boston, Massachusetts, the Company operates a restaurant in the Faneuil Hall Marketplace. The Florida operations under management include five fast food facilities in Tampa, Florida and seven fast food facilities in Hollywood, Florida, each at a Hard Rock Hotel and Casino operated by the Seminole Indian Tribe at these locations.

Business, Finance, Occupation & Industry

Netflix Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary

March 6, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Netflix Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Netflix, Inc. (“Netflix” or “Company”) (NasdaqGS: NFLX). The firms are investigating additional legal claims against the officers and Board of Directors of Netflix during the period of July 3, 2012 to July 24, 2012 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Netflix and certain of its officers were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that among other things, defendants misrepresented and/or failed to disclose that: (a) reaching the Company’s projected target to achieve the 7 million new additions in domestic subscribers would be difficult and; (b) subscriber growth was significantly lower than analysts expected. According to the complaint, when these facts were finally disclosed, Netflix’s shares dropped substantially.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of Netflix’s business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Netflix’s officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Netflix stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Business, Finance, Occupation & Industry

IceWEB Webcast Reminder Regarding Acquisition of CTC

March 6, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

IceWEB Webcast Reminder Regarding Acquisition of CTC

–CEO, Rob Howe, To Address Shareholders on Thursday, March 7 ^th at 5pm-

STERLING, Va.–(BUSINESS WIRE)– IceWEB, Inc. (IWEB), an award-winning Unified Data Storage appliance provider for cloud and virtual environments that features highly secure, scalable IceBOX^TMPrivate and Hybrid Cloud solutions, is issuing a reminder regarding a webcast to be held tomorrow, Thursday, March 7^th, 2013 at 5pm Eastern Time. The webcast will focus on the acquisition of Computers & Telecomm, Inc.

To access the webcast: http://events.tvworldwide.com/events/iceweb/130307iceweb.aspx

For more information please call 800-465-4637 or visit www.IceWEB.com. To become part of the Company’s e-mail list for industry updates and press releases, please send an e-mail to ir@iceweb.com.

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called “forward looking statements” by words such as “may,” “will,” “should,” “expects,” “plans,” “targets,” “believes,” “anticipates,” “estimates,” “predicts,” “potential,” or “continue” or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934, as amended, or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

For IceWEB, Inc.
Cynthia DeMonte, 917-273-1717
ir@iceweb.com

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS:

The article IceWEB Webcast Reminder Regarding Acquisition of CTC originally appeared on Fool.com.

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Business, Finance, Occupation & Industry

OSI Systems Awarded $5 Million Contract for Patient Monitoring & Connectivity Solutions

March 6, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

OSI Systems Awarded $5 Million Contract for Patient Monitoring & Connectivity Solutions

HAWTHORNE, Calif.–(BUSINESS WIRE)– OSI Systems, Inc. (NAS: OSIS) today announced that its Healthcare division, Spacelabs Healthcare, has been awarded an approximate $5 million contract to provide patient monitoring and connectivity solutions to a prominent hospital group in the Southeast U.S. region. XPREZZON^TM patient monitors, as well as the company’s ICS G2 enterprise connectivity solutions are expected to be implemented throughout the hospitals’ critical care units.

“We are pleased that Spacelabs’ patient monitoring solutions which feature an open architecture allowing easy deployment and remote secure access to critical patient data were again selected by a major hospital group,” commented Deepak Chopra, OSI Systems CEO.

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic system and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 30 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems, Inc. or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company’s current expectations, beliefs, projections and similar expressions concerning matters that are not historical facts and are not guarantees of future performance. Forward-looking statements involve uncertainties, risks, assumptions and contingencies, many of which are outside the Company’s control, that may cause actual results to differ materially from those described in or implied by any forward-looking statement. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Global Ecology Corporation Explores Second Production Facility & Governmental Support from the State

March 6, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Global Ecology Corporation Explores Second Production Facility & Governmental Support from the State of Hawaii

MONTCLAIR, N.J.–(BUSINESS WIRE)– Global Ecology Corporation, (OTC QB: GLEC), through its subsidiary GEC Organics Corp.(“GECO“), has concluded its first visit to the State of Hawaii to discuss the development of a second soil amendment production facility. GECO has completed the infrastructure in Castleberry, Alabama for its first location and is now in the process of implementing the marketing plan for the production phase of its natural soil amendment products.

We have presented our technology to and proposed a strategic relationship with various state agencies in the State of Hawaii, which closely aligns itself with Governor Neil Abercrombie’s “New Day in Hawaii” initiative. Our team which consists of GECO management, investors, advisors and local representatives in Hawaii was well received in the initial meetings with Hawaiian governmental officials. Our group had meetings with state, county and local officials to understand their needs and present solutions through the use of our USDA certified, organic, high-grade soil amendment.

“One of the most important means for creating and retaining more investment in Hawaii, is the productive use of the land for agricultural purposes. We plan to provide the expertise to enrich existing farmland and develop acreage which has not been suitable for farming,” stated Peter Ubaldi, President & CEO. “Our goal is to expand in Hawaii and use the Alabama location as a template for the development of future sites throughout the United States,” added Ubaldi.

Forward-Looking Statements

This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to the development of second production facility for the Company’s soil amendment product; whether we will be able to reach an agreement with the State of Hawaii for the develop of such a facility; whether such a facility will be profitable and generate sufficient revenue to sustain such a facility and be beneficial to the financial growth of the Company; and whether such a facility would be economically beneficial to the State of Hawaii, the Company and its shareholders. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are …read more
Source: FULL ARTICLE at DailyFinance

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Ark Restaurants Announces Declaration of Dividend

Netflix Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary

IceWEB Webcast Reminder Regarding Acquisition of CTC

OSI Systems Awarded $5 Million Contract for Patient Monitoring & Connectivity Solutions

Global Ecology Corporation Explores Second Production Facility & Governmental Support from the State

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