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PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, November 25, 2009: DBRN, PTNR, GLGL, QTWW, SLP and GEOI
Nov 25, 2009 (M2 PRESSWIRE via COMTEX) --
Picksthatmove.com Alerts include The Dress Barn, Inc. (NASDAQ - DBRN); Partner Communications Company Ltd. (NASDAQ: PTNR); GLG Life Tech Corporation (NASDAQ: GLGL); Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW); Simulations Plus, Inc. (NASDAQ: SLP) and GeoResources, Inc., (NASDAQ: GEOI)
-- November 25, 2009 The Dress Barn, Inc. (NASDAQ - DBRN) trading at $22.28 on a volume of 858,429 shares
In a press release on November 25, Dress Barn Completes Merger with Tween Brands
SUFFERN, N.Y., Nov 25, 2009 The Dress Barn, Inc. (NASDAQ - DBRN) today announced that it has completed its merger with Tween Brands, Inc. Tween Brands stockholders will receive 0.47 shares of Dress Barn common stock for each share of Tween Brands. Tween Brands, Inc., which operates the Justice retail store brand, will operate as a separate subsidiary of The Dress Barn, Inc. and, as of the merger, will be free of bank debt. The combined company operates 2,492 locations and, on a trailing twelve month basis, generated $2.5 billion of pro forma net sales.
About Dress Barn, Inc.
The Dress Barn, Inc. (NASDAQ - DBRN), is a leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands. As of November 25, 2009, the Company operates 846 dressbarn stores in 47 states and 741 maurices stores in 44 states. For more information, please visit www.dressbarn.com and www.maurices.com.
-- November 25, 2009 Partner Communications Company Ltd. (NASDAQ: PTNR) trading at $28.74 on a volume of 72,355 shares
In a press release on November 25, Partner Communications Announces It Received a Lawsuit Requesting Certification as a Class Action
ROSH HA'AYIN, Israel, Nov 25, 2009 Partner Communications Company Ltd. ("Partner" or "the Company") (Nasdaq:PTNR)(TASE:PTNR), a leading Israeli mobile communications operator, announced today that it was served with a lawsuit requesting certification as a class action, filed against Partner, Pelephone Communications Ltd, Cellcom Israel Ltd. (all together: the "Cellular Operators") and the Minister of Communication in the District Court of Jerusalem.
The claim alleges that the Cellular Operators discriminate against the non-religious subscribers by not offering them certain tariffs and terms that are offered to the religious sector.
If the lawsuit is certified as a class action, the total amount claimed from the Defendants is estimated by the plaintiffs to be approximately NIS 900 million (for all Defendants together). Partner is reviewing and assessing the lawsuit and at this preliminary stage is unable to evaluate the probability of success of the lawsuit or the range of potential exposure, if any, with any degree of certainty.
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony and internet services) under the orange(TM) brand. The Company provides mobile communications services to over 3million subscribers in Israel (as of September 30, 2009). Partner's ADSs are quoted on the NASDAQ Global Select Market(TM) and its shares are traded on the Tel Aviv Stock Exchange (Nasdaq:PTNR)(TASE:PTNR).
-- November 25, 2009 GLG Life Tech Corporation (NASDAQ: GLGL) trading at $7.99 on a volume of 39,190 shares.
In a press release out on November 25, GLG Life Tech Corporation Completes US$27.5 Million Equity Offering
VANCOUVER, BRITISH COLUMBIA, Nov 25, 2009 GLG Life Tech Corporation (TSX: GLG)(NASDAQ: GLGL) ("GLG" or the "Company"), the vertically integrated leader in the agricultural and industrial development of high quality stevia extracts, announced today that it has completed its previously announced equity offering (the "Offering"). Under the terms of the Offering, GLG issued and sold 3,625,000 common shares at US$7.60 per share for aggregate gross proceeds of approximately US$27.5 million and net proceeds to the Company of approximately US$25.8 million, before deducting the expenses of the Offering. The underwriters of the Offering have been granted an over-allotment option to purchase up to an additional 543,750 common shares.
About GLG Life Tech Corporation
GLG Life Tech Corporation is a global leader in the supply of high purity stevia, an all natural, zero-calorie sweetener used in food and beverages. The Company's operations cover each step in the stevia supply chain including non-GMO stevia seed breeding, natural propagation, stevia leaf growth and harvest, proprietary extraction and refining, marketing and distribution of finished product.
-- November 25, 2009 Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) last at $1.29 a volume of 2.11M shares
In a press release out on November 25, Quantum Announces Letter of Intent for $20 Million
Investment for Solar Manufacturing Facility
IRVINE, Calif., Nov 25, 2009 Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), today announced that it and its subsidiary, Quantum Solar Energy, Inc. ("Quantum Solar"), has entered into a non-binding letter of intent with New Energy Systems, LLC ("NES"), which sets forth the terms by which NES would invest $20 million in Quantum Solar in exchange for a 34% ownership interest in Quantum Solar. Quantum Solar will use the investment proceeds to establish a state of the art solar photovoltaic module manufacturing facility in Irvine, California, with an expected annual capacity of 45 MW.
About Quantum
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel vehicle technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast- to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, natural gas, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, aerospace industry, military and other government entities, and other strategic alliance partners. More information can be found about Quantum's products and services at www.qtww.com.
-- November 25, 2009 Simulations Plus, Inc. (NASDAQ: SLP) last at $1.44 on a volume of . 2,783 shares
In a press release out on November 25, Simulations Plus Releases GastroPlus(TM) Version 6.1
Flagship Product Features New Routes of Administration & Numerous User Conveniences
LANCASTER, Calif., Nov 25, 2009 Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, announces the release of GastroPlus Version 6.1, the latest version of its state-of-the-art software used by pharmaceutical research scientists for simulation of oral absorption, intravenous dosing, pharmacokinetics, and pharmacodynamics.
About Simulations Plus, Inc.
Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development software, which is licensed to and used in the conduct of drug research by pharmaceutical, biotechnology, and drug delivery companies worldwide. The Company's Words+ subsidiary, which provides assistive technology for persons with disabilities, as well as two retail products, Abbreviate! and FutureLab(TM), comprise the remainder of the business. Simulations Plus, Inc., is headquartered in Southern California and trades on the NASDAQ under the symbol "SLP." For more information, visit our Web site at www.simulations-plus.com.
-- November 25, 2009 GeoResources, Inc., (NASDAQ: GEOI) trading at $10.60 on a volume of 865,091 shares
In a press release out on November 25, GeoResources, Inc. Prices Public Offering of Common Stock
HOUSTON, Nov 25, 2009 GeoResources, Inc., (NASDAQ: GEOI), today announced that it has priced its public offering of 3.0 million shares of its common stock at a public offering price of $10.20 per share (before underwriting discounts and commissions). GeoResources has granted the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock to cover any over-allotments. Closing of the offering is expected to occur on or about December 1, 2009, subject to customary closing conditions. GeoResources intends to use substantially all of the net proceeds from the offering to reduce outstanding indebtedness under its credit agreement.
About GeoResources, Inc.
GeoResources, Inc. is an independent oil and gas company engaged in the acquisition and development of oil and gas reserves through an active and diversified program which includes purchases of reserves, re-engineering, and development and exploration activities, currently focused in the Southwest, Gulf Coast and the Williston Basin.
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