Press Releases

LOS ANGELES--(BUSINESS WIRE)-- Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class consisting of all persons or entities who purchased the securities of Kohlberg Capital Corporation ("Kohlberg" or the "Company") (Nasdaq: KCAP) between March 16, 2009 and December 24, 2009, inclusive (the "Class Period").

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

The Complaint charges Kohlberg and certain of the Company's executive officers and/or directors with violations of federal securities laws. Kohlberg is an investment company which originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Kohlberg's operations and financial performance were materially false and misleading. Specifically, plaintiff alleges the Company reported inflated earnings that violated Generally Accepted Accounting Principles ("GAAP") by failing to properly account for the fair value of its investment portfolio under FASB Statement of Financial Accounting Standards No. 157 - Fair Value Measurements.

On November 9, 2009, Kohlberg announced its auditor, Deloitte & Touche LLP ("Deloitte"), raised questions concerning the Company's methodology and process in valuing its loan portfolio under GAAP. As a result of these questions, the Company stated it would not be able to timely file with the SEC its third quarter results for the period ended September 30, 2009. As a result, the Company's stock price fell $0.56 per share, or more than 10%, to close at $4.96.

On December 15, 2009 Kohlberg announced that its financial statements for the fiscal year ended December 31, 2008 and the first two quarters of 2009 should no longer be relied upon, due to issues regarding valuation of the Company's loan portfolio.

On December 24, 2009, Kohlberg filed with the Securities and Exchange Commission a letter it received from Deloitte, in which Deloitte disagreed with many of Kohlberg's contentions in its recent disclosures. Deloitte stated, among other things: (a) that management essentially ceased providing substantive information about the Company's valuation of its loan portfolio to Deloitte on December 14, 2009; (b) that significant unanswered and unfulfilled information requests remain outstanding; (c) that Kohlberg had previously provided Deloitte a revised valuation of the Company's loan portfolio as of December 31, 2008, which reflected a material reduction in the fair value of the Company's loan portfolio investments as of that date, but that those revisions had not been shown to certain Kohlberg board members as of December 15, 2009; and (d) that Deloitte now believes the information supporting the fair values reflected in the Company's previously issued 2008 and interim financial statements was and continues to be incomplete and inaccurate.

In response to this news, over the next two trading days, shares of Kohlberg declined $0.44 per share or 8.5% per share, to close at $4.72 on December 29, 2009.

Plaintiff seeks to recover damages on behalf of class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

If you are a member of the class described above, you may move the Court, no later than March 1, 2010, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

    Source: Glancy Binkow & Goldberg LLP

WASHINGTON--(BUSINESS WIRE)-- Gary Johnson, former Governor of New Mexico and Honorary Chairman of the OUR America Initiative, today issued his "Three Point Plan for Economic Prosperity" during a special press event in Washington, D.C., hosted by the Reason Foundation. Governor Johnson worked with top national economists from around the country to develop the plan, detailed below:

GARY JOHNSON'S THREE POINT PLAN FOR ECONOMIC PROSPERITY

Free markets and limited government are the foundation of prosperity. Economic policy should foster entrepreneurship, innovation, and individual choice, not direct economic activity to satisfy political interests in Washington. Americans should be free to make their own economic decisions because individuals, not government, know what is best for themselves and their families. This freedom unleashes the creativity and enterprising spirit that fuels economic opportunity and an equal playing field for all Americans.

To achieve these goals, the U.S. must adopt three approaches:

1) SLASH EXPENDITURE: Excess spending is rampant in the U.S. budget, producing an unsustainable path for federal debt. The U.S. must restrain spending across the board:

    --  Scale back entitlement programs such as Medicare, Medicaid, and Social
        Security, which threaten to bankrupt the nation's future.
    --  Eliminate the costly and ineffective military interventions in Iraq and
        Afghanistan; target defense spending to actions that truly protect the
        United States.
    --  Stop spending on the fiscal stimulus.
    --  Reduce subsidies for agriculture, transportation, energy, housing, and
        all other special interests.

2) CUT TAXES: The U.S. tax system imposes an enormous toll on productivity through high marginal rates, absurd complexity, loopholes for the well-connected, and incentives for wasteful decisions. The government must lower the tax burden to stimulate the economy. This means:

    --  Eliminate punitive taxation of savings and investment.
    --  Simplify the tax code; stop using it to reward special interests and
        control behavior.
    --  Adopt a flat tax on income or consumption.

3) SHRINK FEDERAL INVOLVEMENT IN THE ECONOMY: Much federal intervention is a payout to special interests or counterproductive meddling that stifles competition, innovation, and growth. We should:

    --  Reject auto and banking bailouts, state bailouts, corporate welfare,
        cap-and-trade, card check, and the mountain of regulation that protects
        special interest rather than benefiting consumers or the economy.
    --  Restrict Federal Reserve policy to maintaining price stability, not
        bailing out financial firms or propping up the housing sector.
    --  Eliminate government support of Fannie and Freddie.
    --  Reduce or eliminate federal involvement in education; let states expand
        successful reforms such as vouchers and charter schools.
    --  Legalize, tax, and regulate marijuana; emphasize harm reduction for
        other drugs.
    --  Expand free trade and legal immigration.

The OUR America Initiative is a national issue-based advocacy committee. Key issues include: Solving the Economic Crisis and Creating Jobs; Lowering the Federal Deficit; Civil Liberties; Fighting the War on Drugs; Immigration Policy; and Taxes. Additional information regarding the committee's position on these issues can be found at www.ouramericainitiative.com.

For information regarding OUR America, or to schedule an interview with Gary Johnson, please contact Sue Winchester at 801-303-7924 or via email at media@ouramericainitiative.com.

    Source: OUR America Initiative

ALBUQUERQUE, NM -- (MARKET WIRE) -- 02/09/10 -- AutoStar® Dealer Network® is extremely pleased to announce the opening of its first AutoStar® Superstore® in Canada. Newmarket AutoStar® SuperStore®, formerly Colonial Chevrolet, was one of the most successful GM dealerships serving York Region, located north of Toronto. The Canadian dealer group has plans to eventually establish additional AutoStar® Superstores® in its market area stretching from London to Cornwall and Lake Ontario to Sudbury.

"Our initial plans were to establish a Canadian presence in 2011," remarks George Lovato Jr., Chairman of AutoStar® Dealer Network®. "However we were so impressed by the motivation and proven success of the management and staff at Colonial that we agreed to their proposal for establishing multiple 'AutoStar® Superstores®.'"

"We'll eventually be opening five dealerships in total," states Chief Operation Officer Eric Bint. "In each of them, we'll be establishing the same level of service that has won so many awards for this dealership in the past."

Newmarket AutoStar® SuperStore® is located at 18100 Yonge Street, Newmarket, ON L3Y 8V1. www.newmarketautostar.com

Local press coverage (www.yorkregion.com/News/Newmarket/article/101737) of the launch was provided by Roy Green of the York Region Newspaper Group.

About AutoStar® Dealer Network®

The AutoStar® Dealer Network was founded by automotive dealers and industry professionals to provide used car auto dealerships with the financing, management systems, marketing, products and services, to successfully operate their businesses. Each AutoStar® Superstore® carries a tremendous selection of AutoStar® Certified Pre-Owned Vehicles with EverStar® Warranties, representing exceptional quality, at affordable prices and unbeatable value. www.autostarsuperstore.com

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Media contact:
Ken Zangara
1-877-265-5123
www.autostarsuperstore.com

LOS ANGELES, Feb. 9, 2010 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all persons or entities who purchased the securities of Rentech, Inc. ("Rentech" or the "Company") (AMEX: RTK) between February 8, 2008 and December 15, 2009, inclusive (the "Class Period"), have only 20 days until the March 1, 2010, deadline to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit. The case filed by Glancy Binkow & Goldberg LLP, Ben-Ami v. Rentech, Inc., et al., No. 09‑cv‑09555-GHK, has been assigned to the Honorable George H. King, United States District Judge for the Central District of California.

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201‑9150 or Toll Free at (888) 773‑9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

The Complaint charges Rentech and certain of the Company's current and former executive officers with violations of federal securities laws. Rentech provides clean energy solutions to produce ultra‑clean synthetic fuels and chemicals. The Company owns and licenses a proprietary technology which converts carbon-bearing gases derived from various biomass, waste and fossil resources into hydrocarbons, which can be processed and upgraded into ultra‑clean synthetic fuels, such as military and commercial jet fuels, and ultra low sulfur diesel fuel, as well as specialty waxes, feedstocks and chemicals. The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Rentech's business, prospects and financial performance were materially false and misleading. Specifically, defendants made false and/or misleading statements and/or failed to disclose: (1) that during the Class Period the Company improperly classified cash deposits required by forward gas purchase contracts as inventory; (2) that, as a result, the Company's financial results were overstated during the Class Period; (3) that the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"); (4) that the Company lacked adequate internal and financial controls; and (5), as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

On December 14, 2009, Rentech shocked investors when it announced that the Company would restate its previously reported annual and quarterly results for fiscal year 2008 and for the first three quarters of fiscal year 2009, to correct "a prior incorrect classification of cash deposits required by forward gas purchase contracts as inventory, and reclassifies them as deposits on gas purchase contracts within current assets on the balance sheet."

As a result of this news, Rentech stock fell approximately 11%, on unusually heavy trading volume, from its December 14, 2009 closing price of $1.64 per share, to close on December 16, 2009 at $1.47 per share. Since the Company's December 14, 2009 disclosure, the price of Rentech stock has declined $0.50 per share, or approximately 30%, as of February 8, 2010.

The Private Securities Litigation Reform Act of 1995 ("PSLRA") requires the Court to appoint a "Lead Plaintiff" in this case. Any person or group who suffered a loss as a result of purchasing Rentech securities between February 8, 2008 and December 15, 2009, may ask the Court to be appointed as Lead Plaintiff, but must file a motion no later than the March 1, 2010 deadline.

Glancy Binkow & Goldberg LLP is a law firm with significant experience in prosecuting class actions, substantial expertise in actions involving corporate fraud, and is representing shareholders of Rentech in this litigation.

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201‑9150, Toll Free at (888) 773‑9224, by e‑mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

CONTACT:  Glancy Binkow & Goldberg LLP, Los Angeles, CA
          Lionel Z. Glancy
          Michael Goldberg
          (310) 201-9150
          (888) 773-9224
          shareholders@glancylaw.com
          www.glancylaw.com