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(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (NASDAQ: FSYS) Fuel Systems Solutions, Inc., (NASDAQ: NLST) Netlist, Inc., (NASDAQ: EMKR) EMCORE Corp., (NASDAQ: CAKE) Cheesecake Factory Incorporated (THE), (NASDAQ: NTWK) NetSol Technologies, Inc., (NASDAQ: SBLK) Star Bulk Carriers Corp.
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(NASDAQ: FSYS - Fuel Systems Solutions, Inc.)
LATEST NEWS!!
Fuel Systems Solutions to Present at the Sidoti & Co. Fourteenth Annual New York Emerging Growth Institutional Investor Forum on March 23rd
SANTA ANA, Calif., Mar 19, 2010 -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) is scheduled to participate in the Sidoti & Company Fourteenth Annual New York Emerging Growth Institutional Investor Forum being held at The Grand Hyatt Hotel in New York City. Matthew Beale, president and chief financial officer, will present on Tuesday, March 23, 2010 at 10:40 a.m. ET.
About Fuel Systems Solutions Fuel Systems Solutions (Nasdaq:FSYS) is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems' components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines. These components and systems feature the company's advanced fuel system technologies, which improve efficiency, enhance power output and reduce emissions by electronically sensing and regulating the proper proportion of fuel and air required by the internal combustion engine. In addition to the components and systems, the company provides engineering and systems integration services to address unique customer requirements for performance, durability and configuration. The company is composed of two operating subsidiaries: IMPCO Technologies and BRC. IMPCO Technologies is a leader in the heavy duty, industrial, power generation and stationary engines sectors. BRC is a leader in the light duty and automobile alternative fuel sectors and has established alliances with several major automobile manufacturers for OEM projects. Additional information is available at www.fuelsystemssolutions.com.
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(NASDAQ: NLST - Netlist, Inc.)
LATEST NEWS!!
Netlist, Inc. Announces Pricing of Common Stock Offering, an Increase of 33% Over the Previously Announced Offering Size
IRVINE, Calif., March 19, 2010 -- Netlist, Inc. (Nasdaq: NLST) today announced the pricing of an underwritten public offering of 3,995,000 shares of its common stock at a price to the public of $3.85 per share for gross proceeds of approximately $15.38 million. This represents an increase of approximately 33%, or an additional 995,000 shares, from the previously announced offering size of 3,000,000 shares of common stock.
After underwriting discounts and commissions and estimated offering expenses payable by Netlist, the Company expects to receive net proceeds of approximately $14.12 million. Netlist has also granted the underwriters a 30-day option to purchase up to 599,250 additional shares at the public offering price to cover over-allotments, if any, which would result in additional net proceeds of approximately $2.17 million if exercised in full. The offering is expected to close on or about March 24, 2010, subject to satisfaction of customary closing conditions.
Needham & Company, LLC is acting as the sole book-running manager for the offering and Roth Capital Partners LLC is acting as co-manager.
Netlist intends to use the net proceeds from the offering for its operations, including marketing, research and development, working capital, and for other general corporate purposes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Netlist, Inc., nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Netlist, Inc.
Netlist designs and manufactures high-performance memory subsystems for the server and high- performance computing and communications markets. Netlist's memory subsystems are developed for applications in which high-speed, high-capacity memory, functionality, small form factor, and heat dissipation are key requirements. These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment. Netlist maintains its headquarters in Irvine, California with manufacturing facilities in Suzhou, China.
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(NASDAQ: EMKR - EMCORE Corp.)
LATEST NEWS!!
EMCORE Corporation Announces Expansion of ClearLight(TM) Tunable Laser Technology Platform With New micro-ITLA
ALBUQUERQUE, NM, Mar 19, 2010 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, today announced the expansion of its Telecom DWDM product portfolio empowered by the ClearLight(TM) proprietary tunable external-cavity laser (ECL) technology platform, with the introduction of the new micro-ITLA (Integrable Tunable Laser Assembly).
EMCORE's micro-ITLA is specifically designed to meet the needs of 40 and 100 Gb/s (gigabits per second) line-cards and transponders. Its features include narrow linewidth, low noise, frequency fine tune and high output power, while providing the full functionality of the ITLA multi-source agreement (MSA) in a quarter-size form factor and with half the power consumption. This next step in product density is made possible by EMCORE's ClearLight(TM) technology which builds upon several generations of EMCORE's industry-leading tunable products, having over 500 million total field hours. Heino Bukkems, Product Line Manager for the micro-ITLA, stated, "The EMCORE ECL laser has always been the device of choice for next-generation 40 and 100 Gb/s systems. The size-reduced micro-ITLA enables the emergence of smaller 40 and 100 Gb/s transponders. Our experienced engineering team and a deep understanding of our core technology have made this highly differentiated product possible." The new micro-ITLA is the third product empowered by EMCORE's ClearLight(TM) technology, joining the tunable TOSA and tunable XFP products announced last year. Rob Stone, Marketing Director of EMCORE's Fiber Optics Division, stated, "The modularity and flexibility of our technology platform enables a wide array of product variants and next generation enhancements simply through the substitution of a few standard components. We can then integrate our ClearLight(TM) optical engines at different levels, all the way from TOSA and laser assemblies, to transceivers and transponders to meet the specific needs of our customers." EMCORE will be conducting demonstrations of the new micro-ITLA at the Optical Fiber Communication Conference and Exposition (OFC) in San Diego on March 23-25 2010.
For more information, visit EMCORE at www.emcore.com.
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(NASDAQ: CAKE - Cheesecake Factory Incorporated (THE))
LATEST NEWS!!
The Cheesecake Factory Opens in Newark, Delaware
CALABASAS HILLS, Calif., Mar 19, 2010 -- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced the opening of its newest Cheesecake Factory restaurant at the Christiana Mall in Newark, Delaware. The restaurant opened on March 18, 2010 and contains approximately 8,600 square feet and 250 seats.
About The Cheesecake Factory Incorporated The Cheesecake Factory Incorporated created the upscale casual dining segment in 1978 with the introduction of its namesake concept. The Company operates 162 full-service, casual dining restaurants throughout the U.S., including 148 restaurants under The Cheesecake Factory(R) mark; 13 restaurants under the Grand Lux Cafe(R) mark; and one restaurant under the RockSugar Pan Asian Kitchen(R) mark. The Company also operates two bakery production facilities in Calabasas Hills, CA and Rocky Mount, NC that produce over 70 varieties of quality cheesecakes and other baked products. For more information, please visit www.thecheesecakefactory.com.
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(NASDAQ: NTWK - NetSol Technologies, Inc.)
LATEST NEWS!!
NetSol Technologies Announces Formal Launch of smartOCI(TM), an SAP-Compatible Multiple-Catalog Search Engine
smartOCI(TM) Strengthens NetSol's Presence in the Global Market for SAP Services NetSol to Present and Demonstrate smartOCI(TM) at the Upcoming SAP SAPPHIRE Conference in Orlando
CALABASAS, CA, Mar 19, 2010 -- NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced the formal launch of the smartOCI(TM), a SAP-compatible multiple-catalog search engine solution. smartOCI(TM) offers SAP customers a new path to streamlining purchasing processes and driving cost efficiencies within procurement organizations. NetSol's smartOCI(TM) is targeted for launch on May 17, 2010 at the SAP SAPPHIRE Conference in Orlando, Florida, targeting approximately 1,000 SAP SRM platform customers. smartOCI(TM) will be sold on subscription basis with the software delivered as a Software as a Service (SaaS) model.
smartOCI(TM) is a new search engine technology developed by NetSol Technologies providing corporate buyers and shoppers a simple and intuitive user interface to search multiple supplier catalogs simultaneously within the SAP Supplier Relationship Management (SRM) procurement application. smartOCI(TM) is completely web-based with no software to download and no hardware to install. As a SAP Services Partner, NetSol Technologies has built a highly specialized team of SAP professionals who provide SAP consulting expertise across industries and business processes including financials, supply chain, procurement, and business intelligence.
Najeeb Ghauri, NetSol Technologies Chairman and CEO, commented, "The formal launch of our new smartOCI(TM) solution represents a major milestone for our SAP practice and opens up tremendous new opportunities within the vast global market for SAP solutions. smartOCI(TM) greatly simplifies SAP eProcurement systems, increasing productivity for purchasing organizations and creating the opportunity for material cost savings through more efficient eProcurement capabilities. For organizations with an SAP SRM system, and more than one OCI-compliant catalog, smartOCI(TM) is a perfect fit. We look forward to demonstrating our smartOCI(TM) solution at the upcoming SAP SAPPHIRE NOW Conference and see this live launch as a critical factor in driving the growth of our SAP business." smartOCI(TM) was designed to meet the everyday challenges of searching, locating, and ordering products from multiple web-based supplier catalogs. It was designed to integrate with the SAP Supplier Relationship Management procurement application consolidating search results from multiple OCI (Open Catalog Interface) compliant supplier catalogs into one simple user interface.
Mr. Shaz Khan, NetSol Senior Vice President, will be speaking and demonstrating NetSol's smartOCI(TM) solution at the SAP SAPPHIRE NOW Conference to be held at the Orange County Convention Center in Orlando, Florida from May 16 to May 19, 2010.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Healthcare, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.
To learn more about NetSol Technologies, Inc., visit www.netsoltech.com
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(NASDAQ: SBLK - Star Bulk Carriers Corp.)
LATEST NEWS!!
Star Bulk Announces Three Year Time Charter to Rio Tinto for the Capesize Star Aurora and Arranges Financing
ATHENS, GREECE, Mar 19, 2010 -- Star Bulk Carriers Corp. (NASDAQ: SBLK), today announced that it has entered into a time charter agreement with Rio Tinto for the Star Aurora, a capsize vessel of 171,199 dwt, built in 2000 in Japan, for a period of about 3 years at a gross daily rate of $27,500. The vessel was recently purchased for USD 42.5 million and is expected to be delivered to its new charterers in the fourth quarter 2010. Star Bulk will finance the acquisition with a mix of own cash and bank debt, has received offers for debt financing of up to 60% of the vessel's price at favorable financing cost and terms and expects to have agreed such financing within the second quarter of 2010. Akis Tsirigakis, President and CEO of Star Bulk, commented: "We continue our steady steps to renew and grow our fleet in conjunction with our strategy of stable employment with quality counterparties. We are also pleased to see senior debt lenders demonstrably support our acquisition plans via offers of favourable financing terms. The desirable elements are now in place, that is, competitive acquisition price, quality vessel, good contracted employment, quality counterparty and competitive financing. Currently, our fleet is contracted for 92% of 2010 and 57% of 2011 operating days, amongst the highest contract coverage, giving future earnings visibility. We continue to focus on enhancing shareholder value supported by our strong balance sheet and liquidity." About Star Bulk Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Market under the symbol "SBLK". Currently, Star Bulk has an operating fleet of eleven dry bulk carriers with definitive agreements to buy one and sell one capesize vessel. The total fleet consists of four Capesize, and eight Supramax dry bulk vessels with an average age of approximately 10.2 years and a combined cargo carrying capacity of 1,102,377 deadweight tons.
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StockMarketingInc.com is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by StockMarketingInc.com. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed.
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