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Telestone Technologies Corp. (Nasdaq:TSTC) a leading supplier of local access network solutions for communications networks in China, announced that it has priced its public offering of 1,675,000 shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 251,250 shares of common stock to cover over-allotments, if any. The shares were offered to the public at $12.00 per share. The offering is expected to settle and close on November 30, 2010, subject to customary closing conditions. The Company intends to use net proceeds from the offering, which are expected to be approximately $18.9 million, after deducting the underwriting discount but without giving effect to any exercise of the underwriters' over-allotment option, for the construction of a new manufacturing and research and development center and for general working capital purposes. The Company may also use a portion of the net proceeds to acquire or invest in businesses and products that are complementary to its own. At the present time, the Company has no plans, commitments or agreements with respect to any acquisitions.
Telestone Technologies Corporation provides access network solutions primarily in the People?s Republic of China. Its access network solutions include the research and development, and application of access network technology. The company designs and sells electronic equipments, such as WFDS products.
Cogent Communications Group Inc. (Nasdaq:CCOI) one of the largest Internet service providers in the world, announced that Dave Schaeffer, Cogent's chief executive officer, will present at the UBS 38th Annual Global Media and Communications Conference at 10:30 a.m. ET, December 6th. The conference is being held at the Grand Hyatt New York in New York City. Investors and other interested parties may access a live audio webcast of the presentation by going to the Investor Relations section of Cogent's website (http://www.cogentco.com/us/ir_events.php) to access the link to the live audio webcast. A replay of the webcast will be available on Cogent's IR website for 90 days following the presentation.
Cogent Communications Group, Inc., together with subsidiaries, provides high-speed Internet access and Internet Protocol, or communications services to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations.
MusclePharm Corporation (MSLP.OB)
MusclePharm Corporation, one of the fastest growing nutritional supplement companies in the United States, is pleased to announced a multi-year partnership with the World Bodybuilding and Fitness Federation (WBFF) that will place the company as the title sponsor of the World Famous WBFF through 2014.
The partnership begins in 2011 and MSLP will work closely with the WBFF and its President and CEO, Paul Dillett, who is widely considered one of the greatest bodybuilders in the sport's history. Dillett, recognized as Canada's greatest bodybuilder, won numerous bodybuilding titles throughout his illustrious career, and is often regarded as having one of the sport's most recognizable physiques.
In four short years, the WBFF has grown to become a popular destination for aspiring professional bodybuilders and fitness competitors. In 2010 alone, participants from more than 25 different countries competed in the WBFF World Championships, which featured many of the world's top fitness athletes.
MSLP ’s top management has extensive experience in the sports world and has harnessed this drive and focus into building a business to benefit its customers and help Fuel The Athlete Inside. MSLP is a fast-growing developer and manufacturer of safe, scientifically approved, nutritional supplements that are free of banned substances and tested by athletes. They are designed to help athletes, bodybuilders, weightlifters and fitness enthusiasts improve their performance. Each and every MSLP product is the end result of an advanced six-stage research and testing protocol involving the expertise of top nutrition scientists.
To learn more about MSLP visit: http://www.musclepharm.com
Corporate Universe Inc. (COUV.PK)
Corporate Universe Inc. is pleased to announce the following corporate and operational matters to its shareholders and followers.
COUV is opening its new corporate office at 3771 Nesconset Highway, South Setauket, NY, effective October 4, 2010. The new office will allow COUV to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
To learn more about COUV visit: http://www.corp-universe.com
Bitauto Holdings Limited Americ (NYSE:BITA) a leading provider of Internet content and marketing services for China's fast-growing automotive industry, today announced that its initial public offering of 10,600,000 American Depositary Shares ("ADSs"), each representing one ordinary share of the Company, was priced at $12.00 per ADS. The ADSs will begin trading on the New York Stock Exchange today, November 17, 2010, under the symbol "BITA. "Of the 10,600,000 ADSs being offered, 9,000,000 ADSs are offered by Bitauto, and 1,600,000 ADSs are offered by the selling shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 1,590,000 ADSs from Bitauto. Citigroup Global Markets Inc. and UBS AG are serving as joint bookrunners for the offering. The co-managers of the offering are Oppenheimer & Co. and Lazard Capital Markets LLC.
Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry in the People?s Republic of China. The company provides subscription services to new automobile dealers that enable them to list targeted pricing and promotional information on its bitauto.
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