Latest Corporations Stories

SAO PAULO, Oct. 19 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (BMF&BOVESPA: GOLL4; and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, hereby announces the conclusion of its global share offering, which increased its cash position by R$627.1 million. With an improved cash position that now represents more than 20% of its net revenues recorded during the last twelve months, and with its other competitive advantages: (i) the flight...

HONG KONG, Sept. 25 /PRNewswire-Asia-FirstCall/ -- Inspur International Limited ("Inspur International")(SEHK: 596) announces today that it entered into the supplemental deed with Microsoft, the strategic shareholder, to vary the terms of preferred shares. Pursuant to the subscription deed that entered into between Inspur International and Microsoft dated 26 August 2005, Inspur International issued to Microsoft an aggregate of 234,279,559 preferred shares at an aggregate principal...

OKOTOKS, AB, Sept. 11 /PRNewswire-FirstCall/ - (TSX - MTL) Mullen Group Ltd. ("Mullen Group" and/or the "Corporation") announced today that it has established a dividend policy whereby the Corporation, subject to Board approval, intends to pay dividends to its shareholders on a quarterly basis. The Board has declared a dividend of $0.125 per Common Share payable to the holders of Common Shares of record at the close of business on September 30, 2009. The dividend will be paid on October 15,...

EMERYVILLE, Calif., Aug. 31 /PRNewswire-FirstCall/ -- Neurobiological Technologies, Inc. (NTI(R)) (Nasdaq: NTII) (the "Company") today announced that its board of directors has determined, after consideration of potential strategic alternatives, that it is in the best interests of the Company and all its stockholders to liquidate the Company's assets and to dissolve the Company. In connection with the liquidation, the Company intends to distribute the majority of its available cash to its...

FORT WAYNE, Ind., Aug. 28 /PRNewswire-FirstCall/ -- Consumers Financial Corporation, Inc. (OTC: CNSF) is pleased to announce that the Company has approved plans that will alter the previous business model of the Corporation and broaden its revenue opportunities. The Company will now focus on developing and acquiring new technologies, while continuing to assess its Electronic Personal Vault (EPV) products and services. To grow more quickly, the Company has started the process of targeting...

SHENZHEN, China, Aug. 11 /PRNewswire-Asia/ -- Intermost Corporation (OTC Bulletin Board: IMOT)("IMOT" or "the Company") today provided a business update following an assessment period designed to review the Company's business structure and items in the best interests of its shareholders. Steps agreed upon by the Company include spinning-off the ChinaE Group to interested parties, resolving all outstanding legal cases and arguments with associated companies, and writing off all of the...

WILMINGTON, Delaware, Aug. 11 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corp. (Pink Sheets: BCND) today addressed shareholders concerns regarding the Company's share structure. Upon initiating Beacon's business plan, the Company has been steadfast regarding its policy of unnecessary dilution. In recent days, the Company has received several calls from shareholders questioning the Company's share structure. The Company is very open and transparent regarding its share...

NEW JERSEY, Aug. 5 /PRNewswire-FirstCall/ - MaxLife Fund Corp. (OTC:MXFD), have announced that some of its founding shareholders have agreed to cancel a total of 14,050,000 shares of the Company's common stock in order to increase overall shareholder value for the Company. Bennett Kurtz, Chief Executive Officer of the Company says: "We believe this is a very important step for our Company to increase shareholder value and support future growth. This comes at an exciting opportunistic time,...

FORT WAYNE, Ind., July 22 /PRNewswire-FirstCall/ -- Consumers Financial Corporation, Inc. (Pink Sheets: CNSF) is pleased to announce the appointment of Mr. David A. Dalton as its Chairman, President and CEO. Mr. Dalton will utilize his nearly 30 years of corporate management experience to direct Consumers Financial Corporation's business and marketing plans. Jack Ehrenhaus, the former President and CEO will continue to serve as a Director of the Corporation.Mr. Dalton has served as Vice...

BEIJING, July 22 /PRNewswire-Asia/ -- ChinaCache, a leading content delivery network (CDN) service provider in China, today announced that Mozilla Online Ltd, the provider of Firefox in the Chinese mainland, has chosen ChinaCache to deliver downloads in the region. The Firefox browser and related Mozilla downloads will be cached and distributed in China utilizing ChinaCache's edge servers in more than 80 cities across the nation. Now with content delivered much closer to their...