CINCINNATI, July 16, 2010 - Chiquita Brands International, Inc. (NYSE: CQB) will release second quarter 2010 financial results on July 29, 2010, after the market closes and will host a conference call at 4:30 p.m. EDT that day.
CLEVELAND, July 16, 2010 - The Museum of Contemporary Art Cleveland (MOCA) today unveiled the design for its new facility. The US$26.3 million project will be the first major building in the United States-and the first museum-for the internationally acclaimed firm Foreign Office Architects (FOA), London. MOCA anticipates breaking ground in fall/winter 2010.
Combined company has the use of over 30 patents or patents pending NETANYA, Israel and WEST PALM BEACH, Florida, July 16, 2010 - VocalTec Communications Ltd. (Nasdaq: VOCL), the inventor of VOIP including the softphone, and YMAX Corp., the creator of magicJack and other products and services have successfully merged and will be traded on the Nasdaq under the symbol (NasdaqGM (Global Markets): CALL). VocalTec stock will seize to be trading using the symbol (NasdaqCM:VOCL) after close of business today July, 16th 2010. It will commence trading using the symbol (Nasdaq: CALL) on Monday, July 19th, 2010. The parties believe that the combined company has an enterprise value of US$245 million and a per share value of at least US$17.50 on Monday, July 19th, 2010 on a stock split adjusted basis. The previous holders of VocalTec will have 1,173,294 shares of common stock following the merger. VocalTec expects to have revenues ranging from US$110 million to US$125 million this year. With over US$40 million cash/securities on hand and no debt, VocalTec expects to show a profit in the current quarter. For additional information on this announcement we recommend that investors read the entire press release and the VocalTec (Nasdaq: VOCL) press release describing the stock split and review the form 6-K filing with the Securities and Exchange Commission that we expect to be filed on or before Monday, July 19th, 2010, described below.
NETANYA, Israel, July 16, 2010 - VocalTec Communications Ltd. (Nasdaq: VOCL), the inventor of VOIP and the softphone, today announced a 1-for-5 reverse split of its share capital.
HALIFAX, Canada, July 16, 2010 - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): Gammon is pleased to announce that it has completed the non-brokered private placement with Corex Gold Corporation ("Corex") (TSXV:CGE) announced on July 8, 2010. Pursuant to the private placement, Gammon has acquired 4,706,000 units of Corex at a subscription price of CAD $0.68 per unit for an aggregate purchase price of CAD $3,200,080, representing approximately 12% of the issued and outstanding shares of Corex (approximately 14% on a fully diluted basis). Each unit consists of one common share and one half of one share purchase warrant exercisable at CAD $0.90 for a period of 24 months from the closing date of the transaction.
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