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Businessnetwire.us: Afternoon Stock News You Can Use
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:04012008
New York, NY -- StockProfilers' "Stock News" For this Thursday:
Hospitality Properties Trust (NYSE: HPT); Alpharma Inc. (NYSE: ALO);
Trico Marine Services, Inc. (NASDAQ: TRMA); TICC Capital Corp. (NASDAQ:
TICC); ISCO International, Inc. (AMEX: ISO); Fortress Financial Group,
Inc. (PINKSHEETS: FFGO)
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Hospitality Properties Trust (NYSE: HPT)
Hospitality Properties Trust closed at $31.88 Thursday, trading
1,177,300 shares.
Company News- January 3, 2008: Hospitality Properties Trust Announces
Quarterly Dividends
Yesterday Hospitality Properties Trust (NYSE: HPT) announced the
following dividends:
Common Dividend
This regular quarterly dividend of $0.77 per common share will be paid
on or about February 15, 2008, with respect to the results of
operations for the quarter ended December 31, 2007, to holders of
record of common shares as of the close of business on January 14, 2008.
Series C Preferred Dividend
A distribution of $0.4375 per Series C Cumulative Redeemable Preferred
Share will be paid on or about February 15, 2008, to holders of record
of Series C Cumulative Redeemable Preferred Shares at the close of
business on February 1, 2008.
Hospitality Properties Trust is a real estate investment trust, or
REIT, which owns 292 hotels and 185 travel centers located in 44
states, Puerto Rico and Canada. HPT is headquartered in Newton,
Massachusetts.
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Alpharma Inc. (NYSE: ALO)
Alpharma Inc. closed at $19.70 Thursday, trading 490,700 shares.
Company News- January 4, 2008: Alpharma to Present at 26th Annual JP
Morgan Healthcare Conference
Alpharma Inc. (NYSE: ALO), a leading global specialty pharmaceutical
company, announced earlier today that senior management will provide an
overview of the company's business at the JP Morgan Healthcare
Conference on Wednesday, January 9, 2008 at 7:30 am Pacific Time. The
conference will be held at the Westin St. Francis Hotel in San
Francisco.
This presentation will be webcast live and can be accessed through
Alpharma's website, www.alpharma.com through its Investor Support and
Company Calendar tabs.
An archived version will be available for 90 days through April 7, 2008
after the live presentation and can be accessed at the same location.
Alpharma press releases are also available at our website:
http://www.alpharma.com.
About Alpharma
Alpharma Inc. (NYSE: ALO) is a global specialty pharmaceutical company
with leadership positions in products for humans and animals. Alpharma
is presently active in more than 60 countries. Alpharma has a growing
branded pharmaceutical franchise in the U.S. pain market with its
KADIAN (morphine sulfate extended-release) Capsules, and an innovative
pharmaceutical product pipeline that consists of several novel
approaches to treat pain, including the FLECTOR Patch (diclofenac
epolamine topical patch), which is expected to launch in early 2008. In
addition, Alpharma is among the world's leading producers of several
specialty pharmaceutical-grade bulk antibiotics and is internationally
recognized as a leading provider of pharmaceutical products for poultry
and livestock.
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Trico Marine Services, Inc. (NASDAQ: TRMA)
Trico Marine Services, Inc. closed at $36.85 Thursday, trading 175,300
shares.
Company News- January 4, 2008: Trico Marine Services, Inc. to Present
at Pritchard Capital Partners, LLC Energize 2008 Conference
Trico Marine Services, Inc. (NASDAQ: TRMA) announced earlier today that
Joseph S. Compofelice, Chairman and Chief Executive Officer, and Geoff
Jones, Vice President and Chief Financial Officer, will provide a
company update at the Pritchard Capital Partners, LLC Energize 2008
Conference in San Francisco, California, on Wednesday, January 9, 2008,
at 11:20 PST (2:20 P.M. EST). The Company will file the presentation on
Form 8-K with the SEC shortly afterwards.
About Trico
Trico provides a broad range of marine support services to the oil and
gas industry, primarily in the North Sea, Gulf of Mexico, West Africa
and Southeast Asia (through its joint venture). The services provided
by the Company's diversified fleet of vessels include the
transportation of drilling materials, supplies and crews to drilling
rigs and other offshore facilities; towing drilling rigs and equipment
from one location to another; and support for the construction,
installation, repair and maintenance of offshore facilities. Trico is
headquartered in Houston, Texas.
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TICC Capital Corp. (NASDAQ: TICC)
TICC Capital Corp. closed at $9.10 Thursday, trading 199,600 shares.
Company News- January 4, 2008: TICC Announces $10.5 Million Transaction
for Portfolio Company
TICC Capital Corp. (NASDAQ: TICC) announced earlier today that it
completed a $10.5 million investment in senior secured notes issued by
its current portfolio company, NetQuote Inc, ("NetQuote") on January 3,
2008. NetQuote is principally owned by Spectrum Equity Investors and
Stripes Group.
About NetQuote Inc
Based in Denver, Colorado, NetQuote operates a web-based business
through which local insurance agents and national insurance companies
acquire leads of consumers seeking to purchase competitively-priced
insurance policies. NetQuote's website and services enable consumers,
at no cost, to receive multiple insurance quotes from the Company's
network of independent local insurance agents and local representatives
from its national insurance partners. Please visit www.netquote.com for
more information.
About TICC Capital Corp.
We are a publicly traded business development company principally
engaged in providing capital to small to mid-size technology-related
companies. While the structures of our financings vary, we look to
invest primarily in the debt and equity of established
technology-related businesses. Companies interested in learning more
about financing opportunities should contact Barry Osherow at (203)
661-9572 or visit our website at www.ticc.com.
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ISCO International, Inc. (AMEX: ISO)
ISCO International, Inc. closed at $0.21 Thursday, trading 85,900
shares.
Company News- January 4, 2008: ISCO International and Clarity
Communication Systems Close Merger
ISCO International, Inc. (AMEX: ISO), a leading provider of
radio-frequency management and interference-control systems for the
wireless telecommunications industry, and Clarity Communication Systems
Inc. ("Clarity"), a private company based in Aurora, IL that sells
value-added applications for mobile networks and devices, announced
earlier today that the closing of the merger transaction in which ISCO
acquired all of the outstanding shares of Clarity.
"As we stated previously, this move is about product, market and
customer synergies that we believe will be greater than the sum of its
parts, help us accelerate the development of our complete digital
adaptive interference management ('AIM') platform, and begin to address
the OEM channels in both infrastructure and handsets," said Ralph Pini,
Interim CEO of ISCO. "We thank our shareholders for approving the
transaction in last week's special meeting, and look forward to rolling
up our sleeves and moving forward as a combined entity. First on the
agenda is a presentation of the combined entity to the marketplace,
something we've put some effort into during recent weeks, as well as a
variety of product and business updates."
"Now that this transaction is closed we can put 100% of the combined
company's energy behind launching the combined company's products and
services," said Jim Fuentes, Founder and CEO of Clarity and director of
ISCO. "Just from the planning stages I can see a clear and immediate
benefit to the combination of our sales, marketing and customer support
resources."
Aspects of Proposed Merger
ISCO will potentially issue up to an aggregate of 40 million shares of
ISCO common stock in exchange for all of Clarity's stock and
satisfaction of employee rights and interests. Of the total number of
shares, 20 million issued upon closing, 2.5 million would be issuable
on each of the first and second anniversary of closing (subject to
certain conditions), and 15 million would be performance-based shares,
the vesting of which would be subject to the market capitalization of
the combined entity reaching certain thresholds in the future. ISCO
issued $1.5 million in a new note to one of its lenders in order to
repay Clarity's $1.2 million credit line and the $375,000 in seller's
closing costs as required under the merger agreement.
Jim Fuentes, a member of ISCO's Board of Directors since 2003, is
President, CEO and Founder of Clarity. He entered into an employment
agreement with the combined entity in connection with the merger.
About ISCO International
ISCO International, Inc. is a leading global supplier of radio
frequency management and interference-control systems for the wireless
telecommunications industry. By integrating state-of-the-art filtering,
duplexing and low noise amplifier technology, ISCO's product portfolio
is able to improve the performance of new and existing cellular
deployments. ISCO now offers software-based, adaptive filtering
solutions targeted at increasing the performance of CDMA and WCDMA
wireless systems worldwide. For additional information on ISCO and
digital Adaptive Notch Filters, as well as white papers and
presentations, please visit www.iscointl.com
About Clarity Communication Systems
Clarity Communication Systems Inc. is a leading provider of value-added
applications for mobile networks and devices, including "inTouch"
Push-to-Talk ("PTT"), "Whereabouts" location based services ("LBS"),
and its "Where2Talk" solution, a combined PTT and LBS solution provided
to major OEMs and wireless operators globally. More information can be
found on Clarity's website: www.claritycsi.com.
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Fortress Financial Group, Inc. (PINKSHEETS: FFGO)
Fortress Financial Group, Inc. closed at $0.0002 Thursday, trading
145,377,050 shares.
Company News- January 4, 2008: Fortress Financial Group, Inc. - Update
on Hunt Gold Corporation
Earlier today Fortress Financial Group, Inc. (PINKSHEETS: FFGO)
confirmed that Hunt Gold Corporation, in which it holds an interest of
48% of the outstanding stock; has terminated the services of its
Transfer Agent, Action Stock Transfer Corp; and with immediate effect.
The Management of both Fortress Financial Group, Inc. and that of Hunt
Gold Corporation is of the opinion that this is in the best interests
of stockholders.
It was promised that the stock in Hunt Gold Corporation would be issued
immediately to Fortress Financial Group, Inc. stockholders; and made
available to all eligible stockholders.
Action Stock Transfer appears incapable of satisfying our request in a
reasonable period time.
We will honour our promises to our stockholders and ensure that this is
completed without any further delays.
A new Transfer Agent will be immediately appointed to Hunt Gold
Corporation and the details announced on Monday January 7, 2008.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a
gold mining exploration stage company, engaged in the acquisition and
exploration of mining properties in the United States. The Company
retained these Gold Mining Exploration interests as portfolio assets;
as it intended to extract value from these assets through a future
"spin off" or a sale. The Company has disposed of its interests in the
"Ambassador", "Golden Eagle" and "Mockingbird" Gold Mining Exploration
properties to Hunt Gold Corporation (PINKSHEETS: HGLC); and holds
approximately 48% of Hunt Gold Corporation shares of outstanding Common
Stock, as an investment.
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