Feature Article #1
The Wet Seal Store Sales Declined 13.9%
Ed Thomas, chief executive officer of The Wet Seal, Inc., commented: “While still early in the holiday selling season, November sales reflect a difficult beginning to this period. We note that November comparable store sales were negatively affected by a fiscal calendar shift, with only two post-Thanksgiving shopping days in the current year versus nine such days in the prior year. While it is too early to determine the effect this shift may have on sales for the remaining weeks before Christmas, we continue to manage our business prudently.”
Ben Largent | January 11th, 2009 | Continued
Feature Article #2
International Stem Cell Corporation Closes Financing
International Stem Cell Corporation (OTCBB:ISCO) announced today that it had received the first $1 million tranche of an anticipated private equity financing of up to $5 million to be funded over the next several months. The total amount of the financing is intended to allow the Company to retire its existing secured debt and fund operations of the Company as it moves forward with planned pre-clinical trials in the first quarter of 2009. “This is an important vote of confidence by a sophisticated investor group and we believe it is a major first step on the path to making our company financially independent,” said Kenneth Aldrich, CEO of the Company.
Ben Largent | December 30th, 2008 | Continued
Feature Article #3
Kraft Foods Invests in Innovation with the iFood Assistant Application for the Apple App Store
Kraft Foods (NYSE:KFT), today announced that iFood Assistant, a new application for iPhone and iPod touch that offers users access to food and meal planning ideas, is now available on the Apple App Store. Unlike similar Web Apps that only link to external Web sites designed to be viewed on an iPhone, iFood Assistant is a resident program that can be downloaded from the Apple App Store and installed on any iPhone and iPod touch. A first for any food or consumer packaged goods company, the launch of iFood Assistant represents the latest in Kraft’s commitment to providing innovative solutions for consumers’ busy and increasingly wireless lifestyles.
Ben Largent | December 23rd, 2008 | Continued
Feature Article #4
Pall Corporation Q1 Earnings up 19%
Pall’s market diversity and strength across the globe should help mitigate the impact of economic turmoil. We maintain a strong balance sheet, solid liquidity and are well positioned for the long term. Yet we are not immune to recessionary pressure. Our expectation is that revenue growth will not exceed 4% (in LC) for this fiscal year. Our established business improvement initiatives provide strong levers to achieve our goals. Coupled with additional measures to manage costs, we maintain our EPS guidance for the year.
Ben Largent | December 19th, 2008 | Continued
Feature Article #5
New M&A Survey Finds IP Assets Growing in Importance in Deal Transactions
mergermarket today announced the release of its first M&A Insights: Spotlight on Intellectual Property Rights survey, highlighting the crucial role of IP assets in the M&A process and their importance in driving additional value for transactions. The survey, which was conducted by mergermarket and sponsored by CRA International, Inc. (Nasdaq: CRAI) and global law firm K&L Gates LLP, reveals both corporate and private equity perspectives regarding IP assets, which despite recent turmoil in the financial markets, continue to be recognized as a critical source of value and risk in M&A transactions in today’s knowledge-based economy.
Ben Largent | December 17th, 2008 | Continued
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