NEW YORK--(BUSINESS WIRE)-- Wynnefield Capital, Inc. announced today that it sent a letter to the Board of Directors of API Group Plc, in support of the Steel Partners Holdings February 8, 2012 letter regarding the exploration of a sale of the Company in order to fully realize the value of API Group. Wynnefield Capital is the second largest stockholder of API Group.
The full text of the letter follows:
| February 10, 2012 |
| Mr. Andrew Turner |
| API Group Plc |
| Second Avenue |
| Poynton Industrial Estate |
| Cheshire, SK12 1ND |
| United Kingdom |
| FOR DISTRIBUTION TO THE BOARD OF DIRECTORS |
| Dear Andrew, |
| Wynnefield Capital, Inc. noted with interest the letter you received from Steel Partners, dated February 8, 2012, and your response. We agree with Steel’s assessment that “the market price of API does not reflect intrinsic value and this value will only be realized through a sale of the Company.” |
| Given the extraordinary progress that you and your management team have made in stabilizing and growing API’s businesses, we believe this is an appropriate time to determine if there exists a buyer for the Company willing to purchase it for a price that represents the Company’s true value. |
| If you would like to discuss this further, I can be reached at 212-760-0134. |
| Sincerely, |
| Nelson Obus |
| Wynnefield Capital, Inc. |
ABOUT WYNNEFIELD CAPITAL
Wynnefield Capital, Inc., with its affiliates, is the second largest stockholder of API Group, Plc. Established in 1992, Wynnefield Capital is a value investor specializing in U.S. small cap situations that have company- or industry-specific catalysts.
Wynnefield Capital, Inc.Eric Berman or Donald C. Cutler, 212-521-4800
Source: Wynnefield Capital, Inc.
In honor of Yves St. Laurent Exhibit at Denver Art Museum, 16Mix Cocktail Lounge at Sheraton Denver Downtown Hotel To Serve Festive French Cocktail
DENVER--(BUSINESS WIRE)-- In honor of the upcoming Yves St. Laurent exhibit at the Denver Art Museum, 16Mix Cocktail Lounge will offer a special “Absinthe Green Fairy” cocktail. Absinthe, a distilled, highly alcoholic, anice flavored spirit made from flowers, leaves and other herbs, was made popular by the bohemians in late 19th and early 20th century Paris. The spirit, which has a natural green color, is often referred to as the “green fairy” for the pale green mist that rises when cold water is poured through a special spoon over a sugar cube into the absinthe.
The Sheraton Denver Downtown Hotel, home to 16Mix Cocktail Lounge, is a sponsor for the YSL Exhibit at the Denver Art Museum, and offers overnight packages that include VIP tickets to the exhibit; guests do not have to wait line to see the exhibit anytime the museum is open.
Yves Saint Laurent: The Retrospective, a sweeping exhibit of the designer’s 40 years of creativity, features a stunning selection of 200 haute couture garments along with numerous photographs, drawings and films that illustrate the development of Saint Laurent's style and the historical foundations of his work. Organized thematically, the presentation melds design and art to explore the full arc of Saint Laurent’s career, from his first days at Dior in 1958 through the splendor of his evening dresses from 2002. The YSL Exhibit runs March 25 through July 8 at the Denver Art Museum, the only North American venue scheduled to present the exhibit.
The Sheraton Denver Downtown is managed by Starwood Hotels & Resorts. The Sheraton, Colorado’s largest hotel, is located in downtown Denver on the famous 16th Street Pedestrian Mall, just blocks from the Denver Art Museum, Coors Field (home of the Colorado Rockies), the Denver Center for the Performing Arts, the Pepsi Center (home of the Colorado Avalanche and the Denver Nuggets) and the Colorado State Capitol.
The Sheraton’s YSL Couture Package rates begin at $139 and include two tickets to the exhibit and a weekend night stay. For reservations, see www.sheratondenverdowntown.com and click on the special offers page.
Sheraton Denver DowntownSusan Stiff, 303-598-0104Susan.stiff@starwooodhotels.com
Source: Sheraton Denver Downtown
OAK BROOK, Ill., Feb. 10, 2012 /PRNewswire/ -- A panel of celebrity DJ judges last night crowned San Francisco-based DJ Risk One as the 2012 Flavor Battle Champion. The 2012 McDonald's Flavor Battle DJ competition finale event took place at the Miami Beach nightclub Cameo, where three DJs each representing a McDonald's burger took to the turntables in a battle of burgers and beats to win the $10,000 grand prize and championship. DJ Risk One represented the Big Mac and beat out first runner-up DJ E-V from Cleveland, Ohio, and DJ Alizay from Washington, D.C., to claim the McDonald's 2012 Flavor Battle championship title.
(Photo: http://photos.prnewswire.com/prnh/20120210/CG51441-a)
(Photo: http://photos.prnewswire.com/prnh/20120210/CG51441-b)
Judged on crowd appeal, mixing skills, technique and performance flow, each finalist demonstrated their mix-master skills in a free-style battle to prove who had the most musical flavor and talent. McDonald's and Complex Media kicked off the 2012 Flavor Battle competition last November with a total of 24 DJs representing three regions of the U.S. and three of McDonald's burgers — the Angus Third Pounder, Double Quarter Pounder with Cheese and Big Mac.
Hosted by the legendary "human beat boxer" Doug E. Fresh, this year's Flavor Battle finale was judged by veteran celebrity DJs Spinderella, Miami's own DJ Irie, DJ Skribble and the reigning 2011 Flavor Battle Champion, DJ JayCeeOh. Rapper/singer/actress Teyana Taylor was on hand providing live Twitter updates and interviews with celebrity guests.
"Once again, McDonald's is proving that we can deliver tasty burgers and hot beats to our customers," said Rob Jackson, director of U.S. marketing, McDonald's USA. "Flavor Battle gets more exciting each year as we recognize the most talented of mix masters throughout the country."
Flavor Battle was conducted with Complex Media, the men's style and lifestyle network dedicated to young men 18-34.
To learn more about McDonald's Flavor Battle, please visit http://www.flavorbattle.com.
McDonald's launched Flavor Battle in 2009 as an extension of McDonald's 365Black initiative. McDonald's 365Black platform was created to celebrate the pride, heritage and achievements of African Americans year round.
About Complex Media Complex Media is the leading provider of style, entertainment, lifestyle and product content dedicated to young male tastemakers. The company launched in 2002 with Complex magazine, a men's style guide and lifestyle publication with a current circulation of 345,000. Complex Media expanded to include flagship web site Complex.com (http://www.complex.com), which attracts more than 2.2 million unique monthly visitors; as well as the Complex Media Network (http://www.complexmedianetwork.com), a network of 70+, 100% exclusive Web sites targeting men 18-34 which generates more than 420 million page views and attracts 37 million unique visitors per month.
About McDonald'sMcDonald's USA, LLC, is the leading foodservice provider in the United States serving a variety of wholesome foods made from quality ingredients to more than 26 million customers every day. Nearly 90 percent of McDonald's 14,000 U.S. restaurants are independently owned and operated by local business men and women. Customers can now log online for free at any of the 11,500 participating Wi-Fi enabled McDonald's U.S. restaurants. For more information, visit http://www.mcdonalds.com, or follow us on Twitter (@McDonalds) and Facebook (Facebook.com/McDonalds) for updates on our business, promotions and products.
© 2012 McDonald's
SOURCE McDonald's
Devices could be dangerous due to unnecessary radiation exposure
SILVER SPRING, Md., Feb. 10, 2012 /PRNewswire-USNewswire/ -- The U.S Food and Drug Administration is warning dental and veterinary professionals to not purchase or use certain potentially unsafe hand-held dental X-ray units. The FDA is concerned that these devices may not be safe or effective and could expose the user and the patient to unnecessary and potentially harmful X-rays. The units, sold online by manufacturers outside the United States and directly shipped to U.S. customers, have not been reviewed by the FDA and do not meet FDA radiation safety requirements.
(Logo: http://photos.prnewswire.com/prnh/20090824/FDALOGO )
The Washington State Department of Health alerted the FDA after tests on a device purchased online revealed it did not comply with X-ray performance standards.
As a result, FDA is investigating the extent of the problem and notifying state regulatory authorities, dental professional organizations and other health organizations about the safety risks. To date, no adverse events have been reported.
A hand-held dental X-ray unit is a small, portable device that is intended for dental X-ray examinations. All units that have been cleared by the FDA bear a permanent certification label/tag, a warning label, and an identification (ID) label/tag on the unit. Use of these devices requires a prescription from a licensed practitioner.
"Health care professionals using these devices should verify they are purchasing and using those that have been reviewed and tested to meet FDA's standards," said Steve Silverman, director of the Office of Compliance in the FDA's Center for Devices and Radiological Health.
To ensure this, users should:
- Verify the presence of required labels on the device.
- Ask vendors whether the device has been reviewed and cleared by the FDA.
- Access the FDA Medical Device Approvals and Clearances searchable database to verify that the X-ray unit has been cleared by the FDA.
- Contact their state regulatory agency if they become aware of a device that may be hazardous or does not meet the FDA's requirements.
The FDA will continue to monitor this problem and keep the public informed as new information becomes available.
Questions about this alert can be directed to the Division of Small Manufacturers, International and Consumer Assistance (DSMICA) at DSMICA@FDA.HHS.GOV, 800-638-2041 or 301-796-7100.
For more information:
How FDA Regulates Veterinary Devices
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
Media Inquiries: Michelle Bolek, 301-796-2973, Michelle.Bolek@fda.hhs.govConsumer Inquiries: 888-INFO-FDA
SOURCE U.S. Food and Drug Administration
-- Crowdsourced video design series produces stroller that makes dads proud --
WALTHAM, Mass.--(BUSINESS WIRE)-- Let’s Go Design Project 3 from Dassault Systèmes SolidWorks Corp. is a wrap! Over the past several months, the Let’s Go Design team has worked with the SolidWorks community to design and prototype a “Hot Rod Baby Buggy” from the ground up. The buggy is now a reality with every element -- except the bolts -- designed using SolidWorks® software. The final episode, which went live in mid January, recaps the successes and challenges of the project and demonstrates the buggy in motion.
The buggy is a vehicle built for dads, incorporating tank treads, a windshield and an innovative steering solution. The product had to fit on the sidewalk, be all-terrain, motorized, cool and—of course—safe for babies. The verdict in the series’ final episode: mission accomplished!
“Crowdsourcing is growing as a design philosophy, and the ‘Hot Rod Baby Buggy’ is a great example of how to succeed with collaborative design,” says Jeremy Luchini, SolidWorks Certification Manager and Let’s Go Design team leader. “We got a lot of great ideas from our viewers, and tackled some big challenges together, such as adhering the tank treads to the buggy. We’ll be discussing crowdsourcing at this year’s SolidWorks World in February, and would love to hear opinions on the outcome of this project, as well as viewers’ plans for crowdsourcing projects, at the show.”
All episodes of Project 3, along with previous projects in the Let’s Go Design series, including the Ultimate CAD Chair and a Multisport Practice Cage, can be viewed online at http://letsgodesign.tv/. Project design files are also available for each project. The “Hot Rod Baby Buggy” will be on display at SolidWorks World 2012, February 12-15 in San Diego.
About Dassault Systèmes SolidWorks Corp.
Dassault Systèmes SolidWorks Corp., a Dassault Systèmes S.A. subsidiary, is a world leader in 3D solutions that help millions of engineers and designers succeed through innovation. Our products deliver an intuitive experience in product design, simulation, data management, and environmental impact assessment. For the latest news, information, or an online demonstration, visit our Web site (www.solidworks.com) or call 1-800-693-9000 (outside of North America, call +1-781-810-5011).
SolidWorks is a registered trademark of Dassault Systèmes SolidWorks Corporation is a trademark of Dassault Systèmes in the US and other countries. Other brand and product names are trademarks of their respective owners. © 2012 Dassault Systèmes SolidWorks Corp.
Dassault Systèmes SolidWorks Corp.Kristen Wilson, +1 781-810-5245Kristen.Wilson@3DS.comwww.solidworks.comorSHIFT CommunicationsMike Fearon,+1 617-779-1807SolidWorks@shiftcomm.com
Source: Dassault Systèmes SolidWorks Corp.
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