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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Fat Grafting and Breast Augmentation Workshop in New York City Ahead of ASAPS 2013

Category : Stocks, World News

Dr. Stafford R. Broumand Will Participate in the First Composite Breast Workshop to Discuss the Combination of Natural Breast Enhancement Through Fat Grafting and Breast Implants

See the rest here: Fat Grafting and Breast Augmentation Workshop in New York City Ahead of ASAPS 2013

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Aldila, Inc. (ALDA: OTCQX U.S. Premier) | ALDILA Closes Merger Agreement with Mitsubishi Rayon America

Category : World News

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ALDILA Closes Merger Agreement with Mitsubishi Rayon America

PR Newswire

POWAY, Calif., March 28, 2013

POWAY, Calif., March 28, 2013 /PRNewswire/ — ALDILA, INC. (formerly OTCQX:ALDA) announced today that Aldila has closed the merger (the “Merger”) as contemplated by the merger agreement (the “Merger Agreement”) with Mitsubishi Rayon America, Inc. (“MRA”). The official effective time of the merger will be April 1, 2013.

Shareholders, upon delivery of their shares and a transmittal letter to the paying agent pursuant to the terms of the Merger Agreement, will receive cash consideration of $4.00 per share. Trading in Aldila’s shares on OTCQX was terminated at the close of trading on March 28, 2013.

Aldila, which merged with a wholly-owned subsidiary of MRA, will continue as the surviving corporation and has become a wholly-owned subsidiary of MRA. MRA is a wholly-owned subsidiary of Mitsubishi Rayon Co., Ltd. (“MRC”) and part of the Mitsubishi Chemical Holdings Corporation group.

Aldila’s Board of Directors (“Board”) unanimously approved the Merger, which was also approved by Aldila’s stockholders. Joining with MRC will better enable Aldila to capitalize on Aldila’s business opportunities offered by the growing demand for carbon fiber based materials in a number of industries. The sale will allow Aldila to leverage MRC’s resources to more effectively take advantage of the business opportunities open to Aldila.

“Aldila has joined a world class Advanced Composite Materials company that is fully integrated from the base raw material acrylonitrile, precursor, carbon fiber and prepreg materials. MRC also offers a leading global graphite golf shaft product line-up under the Mitsubishi Rayon brand. We see unique synergies and opportunities for growing our two business segments of Composite Products and Composite Materials by joining with Mitsubishi Rayon,” said Peter Mathewson, Aldila’s CEO.

About Aldila

Aldila, Inc. is one of the world’s largest manufacturers of carbon fiber shafts. Aldila, Inc. is a designer, manufacturer and marketer of carbon-based composite products and materials used in various end markets. Aldila’s competencies are the development of carbon-based composites and the implementation of manufacturing processes that support the commercialization of these composites. Aldila is a vertically-integrated supplier of composites across three primary end markets: carbon-based pre-impregnated composite fibers, graphite golf shafts and archery products.

You may find additional information about Aldila’s business, financial results and operations through the closing date of the Merger agreement in Aldila’s annual report and quarterly reports, on Aldila’s website at www.aldila.com and on the OTCQX.com website. Aldila’s annual report to stockholders for the fiscal year ended December 31, 2011, and quarterly reports through the quarter ended September 30, 2012, have been filed with the OTCQX and are available on Aldila’s website and on the OTCQX.com website. Aldila’s shares ceased trading on OTCQX on March 28, 2013, and Aldila will not be providing independent financial information after that date.

About MRA

Mitsubishi Rayon America Inc. is a wholly owned subsidiary of Mitsubishi Rayon Co., Ltd. MRA’s business is centered around MMA (methyl methacrylate) and AN (acrylonitrile) business complexes as basic raw materials and finished products. For more information, visit http://www.mrany.com.

About MRC

Mitsubishi Rayon Co., Ltd. is a wholly owned subsidiary of Mitsubishi Chemical Holdings Corporation. MRC’s business is centered around chemical and plastics, fibers, carbon fibers and composite materials, and aqua businesses. For more information, visit http://www.mrc.co.jp

This press release contains forward-looking statements based on Aldila’s expectations as of the date of this press release. These statements necessarily reflect assumptions that Aldila makes in evaluating its expectations as to the future. Forward-looking statements are necessarily subject to risks and uncertainties, including those relating to the closing of the proposed merger. Aldila’s actual future performance and results could differ from that contained in or suggested by these forward-looking statements as a result of a variety of factors. Aldila’s filings with the Securities and Exchange Commission (for filings prior to its move to OTCQX U.S. Premier) and OTC Disclosure and News Service present a detailed discussion of the principal risks and uncertainties related to Aldila’s future operations. In particular the Annual Report for the year ended December 31, 2011, and Quarterly Reports and Current Reports, discuss Aldila’s business, financial condition, and risk factors. All of these materials may be obtained on the OTCQX U.S. Premier website, which can be found at www. OTCQX.com, or at Aldila’s website, www.aldila.com.

SOURCE ALDILA, INC.

More: Aldila, Inc. (ALDA: OTCQX U.S. Premier) | ALDILA Closes Merger Agreement with Mitsubishi Rayon America

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Innovative Composites International, Inc. (ICIZF: OTC Link) | Innovative Composites International Reports Fiscal 2013 First Quarter Financial Results

Category : World News

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Innovative Composites International Reports Fiscal 2013 First Quarter Financial Results

Canada NewsWire

TORONTO, March 1, 2013

TORONTO, March 1, 2013 /CNW/ – Innovative Composites International Inc. (“ICI” or the “Company”), (TSXV: IC) (OTCQX: ICIZF, a producer of proprietary engineered composite products, reported its financial results for the fiscal 2013 first quarter ended
December 31, 2012. All figures are in U.S. dollars unless otherwise
stated.

“Our priority at this time is to address the demand payment notice that
we received from the holder of our convertible debenture.

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Innovative Composites International, Inc. (ICIZF: OTC Link) | Innovative Composites International Announces Changes to the Board of Directors

Category : World News

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Innovative Composites International Announces Changes to the Board of Directors

Canada NewsWire

TORONTO, Feb. 6, 2013

TORONTO, Feb. 6, 2013 /CNW/ – Innovative Composites International Inc. (“ICI” or the “Company”), (TSXV: IC) (OTCQX: ICIZF, a producer of proprietary engineered composite products, announced today changes to the board of directors of the Company.

Mr. Andrew McConnell has been appointed as a director of the Company.

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Innovative Composites International, Inc. (ICIZF: OTC Link) | Innovative Composites International Reports Fiscal 2012 Year-End Results

Category : Stocks, World News

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Innovative Composites International Reports Fiscal 2012 Year-End Results

Canada NewsWire

TORONTO, Jan. 28, 2013

TORONTO, Jan. 28, 2013 /CNW/ – Innovative Composites International Inc. (“ICI” or the “Company”), (TSXV: IC) (OTCQX: ICIZF, a producer of proprietary engineered composite products, reported today its financial results for the fiscal year ended
September 30, 2012. All figures are in U.S. dollars unless otherwise
stated.

“Fiscal 2012 was a challenging year for the Company as despite earning
record revenue of approximately $3 million, we underperformed against
expectations, primarily as a result of international housing contracts
that did not materialize,” said Terry Ball, CEO of ICI.

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Opinion: Beware the China stock rally

Category : Stocks

The Shanghai Composite has roared back 20% over the past month, but questions remain about the health of China’s banking system and whether consumers are ready to start spending in a meaningful way.

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China stocks back from the brink

Category : Business, Stocks

The Shanghai Composite has mounted a late-year rally to erase months of losses.

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China stocks stuck in massive rut

Category : Business, Stocks

Despite China’s rapid economic development, the Shanghai Composite Index has been in sharp decline for almost three years. Can it rebound?

Excerpt from: China stocks stuck in massive rut

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China bars stock index web search

Category : World News

China blocks access to the term “Shanghai Composite Index” on some of the country’s most popular microblogging sites.

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JPMorgan, Boeing: Dow Movers

Category : Business, Stocks

NEW YORK (TheStreet) — U.S. stocks finished lower Friday, dragged down by lingering concerns about the stability of the eurozone ahead of the long Memorial Day weekend.

The Dow Jones Industrial Average fell 75 points, or 0.6%, to 12,455. The S&P 500 lost 3 points to 1,317.82 and the Nasdaq Composite dropped 1.85 points to 2,837.53.

Breadth within the Dow was negative with 22 of the index’s 30 components posting losses. …

Click to view a price quote on ^DJI.

Continued here: JPMorgan, Boeing: Dow Movers

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