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Friday August 28, 2009
Ladd Seaberg has announced his retirement as a member and chairman of the Board of Directors of MGP Ingredients, Inc., (Nasdaq:MGPI) effective at the close of business yesterday. However, he will remain available in a consulting capacity to the board and company management for a period of approximately two years. Seaberg, 63, a director for 30 years and chairman since October 2006, said his decision to step down from board service was based on his desire “to focus additional time on other non-business-related activities and priorities” and was “partially influenced by health-related reasons.”
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national defense, IT and security solutions provider, announced today the pricing of the sale of approximately 26 million shares of its common stock to institutional investors at a purchase price of $.72 in a registered direct offering. Kratos expects to receive net proceeds of approximately $17.6 million after deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from this transaction to repay existing indebtedness. To the extent that the net proceeds are not applied to repay existing indebtedness, the Company intends to use them for general corporate purposes, including the funding of potential strategic acquisitions and other general corporate expenses. The transaction is expected to close on September 2, 2009, subject to satisfaction of customary closing conditions. The shares of common stock sold in this transaction will participate in the 1-for-10 reverse split of the C! ompany&# 8217;s common stock which is scheduled to occur on September 10, 2009.
Alliant Techsystems (NYSE: ATK) demonstrated its innovative firepower capabilities at the U.S. Army’s Ft. Benning Red Cloud Range, on August 27, 2009. During the live-fire event, ATK demonstrated advancements to its battle-proven Bushmaster Chain Gun systems, on a variety of platforms, with enhanced precision, lethality, reliability, and range to address current and future operational needs. ATK is a leader in integrated weapon systems capabilities that include remote-operation, electronics and fire control, and compatibility with a full-suite of ATK ammunition, including a compatible Programmable Airburst Munition (PABM) that extends operational effectiveness.
China Sky One Medical, Inc. (Nasdaq: CSKI), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People’s Republic of China (”PRC”), today announced that the Company’s 2009 Annual Meeting of Shareholders will be held on Thursday, September 24, 2009 at Harbin Shen Te Hotel which is in close proximity to the Company’s headquarters in Harbin, China. The proxy materials and annual report on Form 10-K are available on the Company’s website http://www.cski.com.cn .
China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH) announced that the Company, along with China Mining United Fund and the City of Xining TV, is going to hold 2009 China Small & Medium Enterprises (Qinghai) Venture Capital Summit in Sep, 18th.
China XD Plastics Company Ltd., (OTC Bulletin Board: CXDC), is engaged in the development, manufacture, and distribution of modified plastics primarily for use in automotive applications in China, today announced that the Company’s management team will atten! d the u pcoming Rodman & Renshaw Annual Global Investment Conference and the Susquehanna International Group of Companies (”SIG”) 3rd Annual Beijing Management Summit.
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