LaserCard Corporation (NASDAQ:LCRD) announced an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of LaserCard Corporation (referred to as "LaserCard" or the “Company”) by ASSA ABLOY AB (“ASSA ABLOY”) in an all cash tender offer valued at approximately $80 million. Under the terms of the agreement, a subsidiary of ASSA ABLOY will commence a cash tender offer to acquire LaserCard’s outstanding shares of common stock at $6.25 per share, net to each holder in cash.
LaserCard Corporation, together with its subsidiaries, provides secure identity (ID) solutions and associated professional services to governments and commercial clients worldwide.
GreenHouse Holdings, Inc. (OTCQB:GRHU), has entered into a strategic partnership with ImageWare Systems, Inc. to provide sustainability and security products and services to government, military and law enforcement agencies, domestically and internationally.
GreenHouse's 1-Link™ service will now be part of the ImageWare Law Enforcement solution package that is being offered to over 20,000 law enforcement agencies in the United States. In turn, GreenHouse agreed to provide opportunities for IWS within the military and government markets for ImageWare biometric identity management solutions which will be included in the 1-Link platform along with other GreenHouse-offered products and services.
1-Link™, in use today at the Center for Disease Control and Prevention (CDC) and the Commonwealth of Puerto Rico, integrates existing systems and provides enterprise-wide real-time access to data, voice, video, maps, incidents, management reports and resource information using existing infrastructure such as personal computers and mobile devices over TCP/IP, cellular and radio networks. 1-Link™ can integrate a single agency from the director to the field and can integrate multiple agencies. Each agency selects the information that agency will share securely within and across partner agencies. 1-Link™is a scalable, modular, multi-lingual integrated platform for multiple agencies including healthcare systems, harbors, airports, police, fire, emergency medical services, emergency management agencies, education and other public and private agencies. For more information on 1-Link™, please visit http://government.greenhouseintl.com/government/slider/1-link.
ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, the Company's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in Portland, OR, Washington DC and Canada. For more information visit www.iwsinc.com.
GreenHouse Holdings, Inc. is a leading provider of energy efficiency solutions and sustainable infrastructure products. The Company designs, engineers and installs disparate products and technologies that produce persistent technical and financial results, by enabling their clients to monitor and control their energy costs in the most efficient manner possible. Their target markets for energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, the Company develops, designs and constructs rapidly deployable, sustainable infrastructure primarily for use in disaster relief and security in austere regions.
For more information about this company please visit http://www.greenhouseintl.com/
Clarus Corp. (NASDAQ:BDE) filed a Form S-3 registration announced that with the Securities and Exchange Commission, commonly known as a “shelf registration statement”. Under the shelf registration statement, Clarus may offer, issue and sell, from time to time, in one or more offerings and series, together or separately, shares of its common stock, shares of its preferred stock, debt securities or guarantees of debt securities up to an aggregate amount of $250,000,000. Additionally, the shelf registration statement includes the registration of up to 4,159,686 shares of Clarus common stock for resale by certain selling stockholders of Clarus (the “Selling Stockholders”) of which 3,675,919 shares are subject to a lock-up agreement expiring May 28, 2012.
Clarus Corporation engages in the development, manufacture, and distribution of outdoor recreation equipment and lifestyle products for rock and ice climbers, alpinists, hikers, freeride skiers.
Douglas Lake Minerals Inc. (DLKM.OB) reported that it has filed a Canadian National Instrument 43-101 Standards for Disclosure of Mineral Projects ("NI 43-101) Technical Report (the "Technical Report") for its Handeni Project. Douglas Lake's 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 square kilometers in the newly developing goldfields of Eastern Tanzania. Douglas Lake filed the Technical Report with the British Columbia Securities Commission via the System for Electronic Document Analysis and Retrieval (SEDAR).
The Technical Report was prepared by Dr. Reyno Scheepers, Ph.D., Pr.Sci.Nat., a South African based consulting geologist and a director of the Company who fulfills the requirements to be a 'Qualified Person' for the purposes of NI 43-101.
The Technical Report details the results of exploration activities conducted by IPP Resources, the previous holding company of the area. Extensive geophysical and geologic work was conducted over several field seasons from 2008. The work included prospecting, rock and soil sampling, and a ground magnetic survey. All geochemical analytical work was conducted by internationally accredited labs, SGS Laboratories and/or Humac Laboratories in Mwanza, Tanzania.
The exploration also included a fixed-wing aeromagnetic and radiometric survey. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa. The Technical Report identified and selected a total of 12 priority gold targets which are recommended for follow up work.
Douglas Lake is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania.
For more information about this company please visit http://www.douglaslakeminerals.com/.
Parkvale Financial Corp. (NASDAQ:PVSA) previously reported that at its meeting held on December 30, 2010, the Board of Directors declared a quarterly cash dividend of $0.02 per common share. The dividend will be paid on January 26, 2011 to shareholders of record at the close of business on January 10, 2011. Parkvale Financial Corporation is the parent of Parkvale Bank, which has 47 offices in the Tri-State area around Pittsburgh and assets of $1.8 billion at September 30, 2010.
Parkvale Financial Corporation operates as a holding company for Parkvale Savings Bank that provides various consumer and commercial banking services to individuals, partnerships, and corporations in the Pittsburgh metropolitan area.
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