Latest Corporations Stories

2009-08-05 11:08:00

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,...

2009-07-22 07:31:00

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...

2009-07-22 07:00:00

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...

2009-07-20 15:23:00

AUSTIN, Texas, July 20 /PRNewswire/ -- Founders Roy and Bertrand Sosa and other former executives of NetSpend Corporation today announced they have reached a settlement resolving all pending legal disputes with NetSpend. The terms of the settlement were not disclosed. Former executives involved in the disputes include Richard Child, Futeh Kao and John Mitchell. Founders Roy and Bertrand Sosa remain shareholders of the company. SOURCE MPOWER Ventures

2009-07-07 18:27:00

Signs Standby Purchase Agreement for $8 million Company Announces VP, Finance LAVAL, QC, July 7 /PRNewswire-FirstCall/ - BELLUS Health Inc. (TSX: BLU) today announced that it is filing a preliminary short form prospectus in each of the provinces of Canada for a $12,080,018 million rights offering to holders of its common shares. All currency figures reported in this press release are reported in Canadian dollars. Under the terms of the rights...

2009-06-24 07:00:00

MARKHAM, ON, June 24 /PRNewswire-FirstCall/ - AlphaRx Inc. (OTCBB: ALRX) releases letter to their shareholders: Dear Shareholders, We wanted to take a few minutes to update the current views on AlphaRx. For the first time in our corporate history, we ended our last quarter with a small profit. Aside from the fact that it was a small amount, it was significant on more than one front. The events that occurred over the past few weeks, have woke up investors around the world. Our revenue is...

2009-06-17 07:00:00

Company also announces the election of Brian R. Kahn as Chairman of the Board of Directors following the retirement of Edward A. White PHOENIX, June 17 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation (Nasdaq: WEDC) today announced the completion of its previously announced exploration of strategic alternatives, the retirement of its founder and Chairman Edward A. White, and the election of Brian R. Kahn as Chairman of the Board of Directors. As previously announced, the...

2009-06-10 12:44:00

DAYTONA BEACH, Fla., June 10 /PRNewswire-FirstCall/ -- Consolidated-Tomoka Land Co. (NYSE AMEX: CTO) today announced that at the organizational meeting of the Board of Directors held today William J. Voges, President and Chief Executive Officer of The Root Organization, a private investment company located in Ormond Beach, Florida, was elected Chairman of the Board. The election of an independent chairman recognizes the vote of shareholders at the 2009 Annual Meeting. The following officers...

2009-06-09 14:31:00

DENVER, June 9 /PRNewswire-FirstCall/ -- Petroleum Development Corporation (Nasdaq: PETD) today reported results of its annual meeting of shareholders held in Denver, Colorado on Friday, June 5, 2009. Shareholders re-elected two directors for three year terms and ratified the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm. Anthony J. Crisafio and Kimberly Luff Wakim were elected to terms ending at the shareholder's meeting in 2012. Continuing...

2009-05-29 18:02:00

NEW YORK, May 29 /PRNewswire-FirstCall/ -- TransTech Services Partners Inc. (OTC Bulletin Board: TTSP, TTSPW and TTSPU; "TransTech"), has been ordered by the Delaware Chancery Court to hold an annual meeting of stockholders no later than June 8, 2009. To comply with the Court's order, TransTech has mailed to each of its stockholders of record as of May 12, 2009 the notice attached to this release to hold a meeting on June 8, 2009. Because of this short time-frame, TransTech will not be able...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.