latest news releases from the newsroom
Scania foresees a bright future
SODERTALJE, Sweden, May 3, 2004 (PRIMEZONE) -- "Overall, 2003 turned out to be a rather good year, and this year has started better than expected. Our R-series has been very well received in our sales organisation," said Leif Ostling, President and CEO of Scania at today's Annual General Meeting in Sodertalje when he summarised 2003 and outlined prospects for the next few years.
Trimedyne's Laser And Re-Usable Optical Fibers Now Eligible For New, Higher Medicare Reimbursement
IRVINE, Calif., May 3, 2004 (PRIMEZONE) -- Trimedyne, Inc. (OTCBB:TMED) today announced its 80 Watt Holmium Laser and Re-usable Optical Fibers are eligible for Medicare's new reimbursement rate for laser procedures to treat Benign Prostatic Hyperplasia ("BPH"), commonly referred to as an enlarged prostate, a condition affecting approximately 50% of men over age 55. An estimated 2 million Americans require treatment for BPH annually, and almost 200,000 surgical procedures to treat BPH are performed each year in the United States.
BNP Paribas Arranges Financing for Pacific Hydro's Codelco Acquisition
NEW YORK, May 3, 2004 (PRIMEZONE) -- On April 19th, 2004, Pacific Hydro Limited (ASX:PHY) (www.pacifichydro.com.au), Australia's leading renewable energy company, successfully completed the acquisition of the Coya and Pangal hydro projects from the Chilean state-owned copper company, CODELCO, for a total cost of US$75.6 million. The acquisition was funded by USD 60 MM of debt arranged by BNP Paribas (Pink Sheets:BNPQF) and by Pacific Hydro's equity. The BNP Paribas-led Secured Credit Facilities consisted of a US$55 million 10-year Term Loan and a US$5 million 4-year Revolving Credit Loan.