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(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (NASDAQ: AMSF) AMERISAFE, Inc., (NASDAQ: ECOL) American Ecology Corp., (NASDAQ: HYGS) Hydrogenics Corp, (NASDAQ: DVAX) Dynavax Technologies Corp., (NASDAQ: ACTG) Acacia Research Corp., (NASDAQ: SNIC) Sonic Solutions
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(NASDAQ: AMSF - AMERISAFE, Inc.)
LATEST NEWS!!
AMERISAFE Completes Redemption of All Outstanding Convertible Preferred Stock
DERIDDER, La., Jan 04, 2010 -- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty writer of high hazard workers' compensation insurance, has announced that on December 31, 2009 it completed the previously announced redemption of all 250,000 outstanding shares of its Series C and Series D Convertible Preferred Stock. AMERISAFE used available cash to fund the $25.9 million redemption expense. The redemption terminates rights held by the owners of the Series C and Series D Convertible Preferred Stock that included rights to block payment of dividends on and repurchases of AMERISAFE's common stock. Please refer to the Company's press release dated November 30, 2009 for additional information.
About AMERISAFE AMERISAFE, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, agriculture, logging, oil and gas and maritime. AMERISAFE actively markets workers' compensation insurance in 30 states and the District of Columbia. The Company's financial strength rating is "A-" (Excellent) by A.M. Best.
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(NASDAQ: ECOL - American Ecology Corp.)
LATEST NEWS!!
merican Ecology Declares Quarterly Dividend of $0.18 per Share
BOISE, ID, Jan 04, 2010 -- American Ecology Corporation (NASDAQ: ECOL) today declared that stockholders of record on January 15, 2010 will receive a quarterly cash dividend of $0.18 per common share, payable on January 22, 2010.
At September 30, 2009, the Company reported 18.1 million shares outstanding and $20.1 million in cash on hand. The Company estimates that approximately $3.3 million in cash will be paid out for the declared quarterly dividend.
About American Ecology Corporation American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States, such as steel mills, medical and academic institutions, petro-chemical facilities and the nuclear power industry. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services company in the United States.
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(NASDAQ: HYGS - Hydrogenics Corp)
LATEST NEWS!!
Hydrogenics and Rosetti Marino to Jointly Commercialize Utility-Scale Hydrogen Power Plants
Companies Announce Strategic Development Agreement
MISSISSAUGA, Ontario, Jan 4, 2010 -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, and Rosetti Marino S.p.A., an established provider of engineering and construction services and technology for the oil and gas industry, today announced an agreement to jointly design, develop and commercialize utility-scale hydrogen power plants for peak shaving and energy management.
The plants will incorporate Hydrogenics' electrolyzer and fuel cell systems for turnkey applications that produce hydrogen for energy storage and electricity generation. Rosetti Marino will provide expertise in large-scale gas compression, storage, and facility design; the complete systems are planned to provide for renewable energy, peak shaving, grid optimization and ancillary services. Other potential applications include large-scale fueling and hydrogen production for industrial uses.
"We firmly believe that hydrogen can provide energy storage solutions with greater versatility and economic benefit than compressed air storage and pumped hydro systems," said Daryl Wilson, Hydrogenics President and CEO. "While already focused on the market for hydrogen-based energy coupled with renewable power, Hydrogenics will accelerate its presence in the field by partnering with a large, well-respected company such as Rosetti Marino. Hydrogen remains the key to sustainable energy storage going forward -- particularly in regions with grids stressed by unreliable, intermittent power." "Rosetti Marino believes that the combination of Hydrogenics' technology and product platform with our experience in large scale gas plants and storage facilities creates a clear path towards the commercialization of hydrogen energy storage systems in the gigawatt-hour range," said Gianfranco Magnani, President of Rosetti Marino Group. "These systems will help expand the market for renewable energy and serve to catalyze the transformation and optimization of the next generation of electrical infrastructure." ABOUT HYDROGENICS Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.
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(NASDAQ: DVAX - Dynavax Technologies Corp.)
LATEST NEWS!!
Dynavax Completes Symphony Dynamo Acquisition
$20 Million Cash Proceeds to Support HEPLISAV Registration Trials
BERKELEY, CA, Jan 04, 2010 -- Dynavax Technologies Corporation (NASDAQ: DVAX) announced today that stockholders approved the acquisition of Symphony Dynamo, Inc. (SDI), including approximately $20 million in cash and all rights to Dynavax's hepatitis C and cancer therapy programs.
Dynavax expects the proceeds from this transaction to contribute significantly toward the completion of its registration trials for HEPLISAV(TM), the Company's investigational adult hepatitis B vaccine.
In November 2009, Dynavax and Symphony Capital Partners, LP (Symphony) announced new terms to satisfy the exercise price for Dynavax's option to acquire SDI. Under this agreement, Dynavax: -- Acquired approximately $20 million in cash held by SDI, and issued to Symphony 13 million shares of Dynavax Common Stock -- Issued 5-year warrants to Symphony for 2 million shares of Dynavax Common Stock at an exercise price of $1.94 per share and cancelled Symphony's currently outstanding warrants for 2 million shares -- Reacquired the rights to Dynavax's proprietary technology for its hepatitis C and cancer therapies. If Dynavax partners these programs, Symphony will receive 50% of the first $50 million from any potential upfront and development milestones received.
-- Deferred a $15 million obligation due to Symphony by 20 months (until December 31, 2012) and converted the obligation previously payable solely in cash, to payable in stock and/or cash at Dynavax's election
Following this transaction, Symphony and its co-investors own approximately 24% of total Dynavax Common Stock outstanding. Dynavax has expanded its Board of Directors to include Mark Kessel, Partner, Symphony Capital LLC. As part of the agreement, one independent Director acceptable to both Symphony and Dynavax will be appointed, as long as Symphony's ownership exceeds more than 10% of the total Dynavax Common Stock outstanding.
Wedbush PacGrow Life Sciences acted as advisor to Dynavax in this transaction.
About Symphony Dynamo, Inc. (SDI) SDI was capitalized with $50 million in April 2006 by Symphony Capital Partners, LP and its co-investors to advance certain of Dynavax's programs for hepatitis B, hepatitis C, and cancer therapies. In April 2007, Dynavax exercised its option to purchase the hepatitis B therapy program.
About Symphony Capital LLC Symphony Capital LLC is a private equity firm dedicated to collaborating with leading innovative biopharmaceutical companies, helping them capture more of the value in their most important clinical development programs. Symphony's unique investment strategy brings a combination of dedicated capital, deep industry expertise and tailored investment structures to biopharmaceutical companies with compelling pipelines of products in all stages of clinical development. Additional information about Symphony is available at www.symphonycapital.com.
About Dynavax Dynavax Technologies Corporation, a clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases. The Company's lead product candidate is HEPLISAV, an investigational adult hepatitis B vaccine designed to provide more rapid and increased protection with fewer doses than current licensed vaccines. For more information, visit www.dynavax.com.
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(NASDAQ: ACTG - Acacia Research Corp.)
LATEST NEWS!!
Acacia Subsidiary Enters into Settlement Agreement Regarding Credit Card Fraud Protection Technology with Lone Star Steakhouse
NEWPORT BEACH, Calif., Jan 04, 2010 -- Acacia Research Corporation (Nasdaq: ACTG) announced today that its Financial Systems Innovation LLC subsidiary has entered into a settlement agreement covering a patent that applies to credit card fraud protection technology with Lone Star Steakhouse, Inc. This resolves a dispute that was pending before the United States District Court for the District of Kansas concerning Lone Star Steak House, Inc.
The expired patent asserted in this litigation generally relates to a computerized system for protecting retailers and consumers engaged in credit card, check card, and debit transactions. The system includes an electronic card reader, and the generation and use of a transaction number, which specifically identifies each transaction processed within the system.
ABOUT ACACIA RESEARCH CORPORATION Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control over 125 patent portfolios, covering technologies used in a wide variety of industries.
Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com
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(NASDAQ: SNIC - Sonic Solutions)
LATEST NEWS!!
Sonic Showcases Next Generation Digital Movie Delivery Platform at CES
--Roxio CinemaNow 2.0 Brings Enhanced Interactivity, HD and 3D to an Expanding Universe of Connected Devices
LAS VEGAS, Jan 04, 2010 --Sonic Solutions(R) (Nasdaq: SNIC) today announced they will be demonstrating a broad array of next-generation technologies for the enhancement of over-the-top video services to home and mobile devices. Building on the robust digital content delivery platform that powers services from Blockbuster and Best Buy, Roxio CinemaNow(TM) 2.0 will include capabilities designed to further enhance consumers' digital entertainment experience with high definition entertainment, 3D content, and interactive services. The new CinemaNow 2.0 platform is being demonstrated by invitation at the Renaissance Hotel, Chairman Room, as part of the Consumer Electronics Show, January 7-10, 2010.
"Our goal over the last year was to establish our digital delivery platform on leading consumer electronic devices and with major retailers," said Mark Ely, executive vice president of strategy, Sonic Solutions. "Having achieved that goal, our plan for 2010 is to further advance the Roxio CinemaNow entertainment platform and enable our partners to deliver an exceptional user experience through rich interactivity, and amazing high definition video and audio quality." The Roxio CinemaNow 2.0 Platform enables consumer electronics companies to easily establish digital storefronts on their connected devices, branded by leading retailers. Included within the new 2.0 platform will be capabilities that greatly enhance the user experience: -- Enhanced Storefront: The CinemaNow storefront service has been expanded to include contextual links from each movie to additional content by that movie's studio, director, writers and actors. Also included are instant movie previews and trailers as well as recommendations.
-- HD Content: The CinemaNow 2.0 platform supports both download and streamed HD content in resolutions up to 1080p at high-bit rates for maximum quality.
-- 3D Ready: The CinemaNow 2.0 platform includes support for the forthcoming digital delivery of 3D content on both PC and CE platforms.
-- Interactive Content: The CinemaNow 2.0 makes it possible for content owners to deliver movies with the kinds of interactivity currently available on Blu-ray disc, including: multiple chapter points with pop-up menus, multiple audio streams, subtitles, and special features.
"Digital media consumers have never been more demanding of their entertainment choices than now," said Richard Doherty, Research Director for The Envisioneering Group. "Sonic has crafted the Roxio CinemaNow 2.0 release to deliver the finest of current and future interactive features enriching HD, 3D and interactive content. That exceeds consumers' expectations and better ensures that content owners can maximize the audience potential and profits." The Roxio CinemaNow 2.0 Platform is compatible with a broad range of connected TVs, Blu-ray players, and set top boxes and will also be featured on PC and mobile devices. The PC client for Roxio CinemaNow offers a full-screen user interface, touch functionality and Windows 7 compatibility. For mobile devices, the CinemaNow 2.0 platform will be available on the Android and Win Mobile platforms. The Roxio CinemaNow entertainment platform serves a broad range of premium content to a growing, multi-manufacturer ecosystem of home and mobile electronics including PCs, connected TVs, set-top DVRs, Blu-ray Disc players, smart phones and mobile media devices. The platform enables retailers and consumer electronics companies to participate in the entertainment supply chain, add value to product offerings and form ongoing relationships with customers. Roxio CinemaNow-powered stores enable consumers to instantly rent and purchase high-quality entertainment on their favorite device and, through CinemaNow online movie storage, the flexibility to playback content ordered on additional consumer electronics devices. As well as being available on a range of consumer electronics, Roxio CinemaNow powers digital entertainment delivery for Best Buy and Blockbuster.
About Sonic Solutions Sonic Solutions(R) (NASDAQ: SNIC) is powering the digital media ecosystem through its complete range of Hollywood to Home(TM) applications, services, and technologies. Sonic's Roxio(R) products enable consumers to easily manage and enjoy personal digital media content and, through Roxio CinemaNow(TM), access premium Hollywood entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms. Sonic Solutions is headquartered in Marin County, California.
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