Top Image Systems Ltd. (NASDAQ: TISA) (TELAVIV: TISA), the leading innovator of data capture solutions, announced today that it has signed a definitive agreement to acquire all of Capture Projects Ltd. ("CPL") shares, a leading provider of document management solutions in the UK, for a consideration of £1.8 Million, and potential performance-based consideration.

CPL is a long established independent consultancy, specializing in the provision of data capture solutions to the UK marketplace. With 2006 revenues of approximately £2.5 Millions (based on UK accounting standards), CPL is a market leader in the provision of electronic mailroom solutions. It has a customer base which includes many leading UK financial services and insur...

IMG, the world's leading sports, entertainment and media company, today announced it has acquired BSI Speedway, transferring the promoting rights of the FIM World Individual Speedway Grand Prix Series (SGP) and FIM Speedway World Cup (SWC) from BSI Speedway to IMG.

The existing BSI Speedway management team -- including current Chief Executive, John Postlethwaite, and Managing Director, Paul Bellamy -- will take up their new roles at IMG with immediate effect.

George Pyne, President IMG Sports & Entertainment, said: "We are very excited by this acquisition which adds to our existing motorsports involvement in events such as the Lexmark Indy 300, Clipsal 500 and Sandown 500 races in Australia. The FIM Speedway Grand Prix Series and FIM Speedway World Cup have come a long way in the last seven years under BSI's management. We feel confident we can add the significant resources that are required to take the two world championships to the next level using IMG's capabilities ...

Spectrum Signal Processing Inc. (TSX: SSY)(NASDAQ: SSPI) today announced at the CANSEC 2007 tradeshow the availability of its flexComm™ Sensor Data Link Modem System (SDLMS) designed for the protection and monitoring of littoral waters. The commercial-off-the-shelf SDLMS consists of two subsystems; a software defined radio (SDR) modem transceiver subsystem for the shipborne radio gateway and one or more remote sensor modem transceiver subsystems for the sensor radios. These radios are designed for rugged, low power, space-constrained deployments, such as in a buoy connected to a hydrophone array, in an unmanned underwater vehicle (UUV), an unmanned surface vehicle (USV) or an unmanned aerial vehicle (UAV).

The SDLMS is designed to provi...

Cypress Bioscience, Inc. (NASDAQ: CYPB) today announced that Sabrina Martucci Johnson, its Chief Business Officer and Chief Financial Officer, will present at CIBC World Markets Annual Biotechnology & Specialty Pharmaceuticals Conference on Thursday, April 12, 2007.

The CIBC conference is being held at the Millennium Broadway Hotel, New York, NY. Ms. Johnson is scheduled to present on Thursday, April 12th at 9:45 a.m. Eastern Time.

Investors, analysts and the general public are invited to listen to a live audio broadcast of this presentation over the Internet. The broadcast can be accessed at http://www.veracast.com/webcasts/cibcwm/biotech07/37204149.cfm.

A replay of the presentation will be available at the same web address as well as on Cypress' website, Reorganisation of General Management

Crédit Suisse Private investment of EUR 33M * Non audited figures. Europe Environnement consolidated since 1 October 2006.

2006 Annual Results:

As anticipated in our press release dated 20 November 2006, the net result for the financial year 2006 is substantially down compared to 2005 with an approximate EUR 4M loss for a slightly improved turnover figure (+7.2%). This operating loss can be explained by a postponement of most of the investment projects for the engineering activity and a lack of material to process on the Inertam-COFAL site. Because of this, line 3 was unable to operate to break-even point for profitability, which entailed productivity losses. The Europe Environnement Group -consolidated in the accounts of Europlasma since 01 October 2006- generated turnover of EUR 3,603K, a profit in the region of EUR 100K (Group share).

The "asbestos" a...

Sao Luis Mining, Inc. (PINKSHEETS: SAOL) (FRANKFURT: F5G) (www.saolmining.com), a "conflict free" diamond mining and precious metals exploration company, is pleased to announce that it has obtained a US$500,000 commitment from a Swiss investment group headed by Stephan Muller, a recently elected member of its Board of Directors.

The transaction involves the sale of 2,000,000 shares of restricted common stock at a fixed price of $0.25 per share. The shares carry trading restrictions and were therefore sold at a discount to the Company's recent, publicly traded market price. US$300,000 will be funded immediately upon completion of the documents and the additional US$200,000 within 30 days.

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CN said today management officers are ready to perform the work of striking United Transportation Union (UTU) employees in Canada who engage in rotating labour action against the company.

CN announced its contingency plan following UTU members' rejection of a tentative one-year settlement agreement with the company. The UTU leadership informed the company last week that it planned to launch renewed strike action against CN, including rotating strikes, if the membership failed to ratify the agreement.

UTU members in Canada have been on strike at CN since Feb. 10, 2007, but suspended strike action and returned to work during the ratification process for the tentative settlement, which was signed by the company and union on Feb. 24. The UTU represents 2,800 conductors and yard service employees at CN in Canada.

E. Hunter Harrison, president and chief executive officer, said: "CN is disappointed with the contract rejection announced today by the UTU. We believe the settlement w...

PhotoChannel Networks Inc. (TSX VENTURE: PN)(OTCBB: PNWIF) ("PhotoChannel" or "Company") has completed the second closing of its private placement units previously announced on March 28, 2007. This closing was for 165,000 units for proceeds of US$561,000. In total, 4,430,588 units were issued as part of the private placement for aggregate proceeds of US$15,064,000.

Each unit consisted of one common share of the Company and one common share purchase warrant. Each share purchase warrant (a "Warrant") entitles the holder to purchase one additional common share (a "Warrant Share") at a price of US$4.00 per share for a period of two years from the closing of the private placement. The Warrants include an acceleration provision pursuant to w...