latest news releases from the newsroom
Renegade Venture Corporation
Renegade's Hamilton Aerospace Subsidiary Announces Maintenance Contract for Another Jetran Boeing 737 Aircraft
TUCSON, Ariz., March 30, 2004 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation (OTCBB:RDVN) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, signed a new contract with major customer, Jetran International. This latest project involves a heavy maintenance check, paint, and other return-to-service work on another former US Airways Boeing 737 aircraft owned by Jetran. The estimated value of this maintenance contract is $600,000, which Hamilton Aerospace expects to complete and book in the 2nd quarter. This contract is the latest in a series of aircraft maintenance projects that Hamilton Aerospace has performed for Jetran, an aircraft leasing company that purchased 91 commercial jet aircraft from US Air in April of 2002.
Scribona restructures operations in Denmark
SOLNA, Sweden, March 30, 2004 (PRIMEZONE) -- In response to heavy losses in Scribona's Danish operations in recent years, a number of energetic action and downsizing programs were implemented during 2003. These measures generated a significant improvement in earnings in the fourth quarter and the Danish organization will now be restructured in order to further strengthen profitability.
Sciax Technology, Inc.
Sciax Completes Plans to Broaden Supplier Base
BAY CITY, Mich. and TORONTO, March 30, 2004 (PRIMEZONE) -- UgoMedia Interactive Corp -- (Pink Sheets:UGMI) (name change to Sciax Corporation pending) -- announced today that it has now qualified multiple suppliers for the manufacture of most components used in the Company's Wolf Pack system. "It has been an important priority for us to complete this process. Shareholders and customers can be confident that we are making every effort to ensure that a failure of supply from one subcontractor will have minimal effect on our ability to manufacture adequate product inventory," stated Ralph Manore, Vice President of Operations for the Company.
Skanska sells property in Budapest for SEK 380 M, with a gain of SEK 128 M
STOCKHOLM, Sweden, March 30, 2004 (PRIMEZONE) -- Skanska is selling the East-West Business Center in Budapest for SEK 380 M, which is well in line with the estimated market value at year-end. The gain on the sale is SEK 128 M, which is included in the first quarter of 2004. The Buyer is Polonia Property Fund LP, managed by Allied Irish Bank.
CTT to launch new brand dedicated for Airlines and passengers -- Cair
STOCKHOLM, Sweden, March 30, 2004 (PRIMEZONE) -- CTT Systems announced, during the ongoing Hamburg Aircraft Interiors Expo, their new brand - Cair(TM) -- dedicated for the well-being and the health of the passengers and crew.Furthermore it brings a competitive advantage for today's Airlines in their struggle to attract the premium paying passengers and in particular on long haul flights.
Maxim Pharmaceuticals Presents Preclinical Results For Its Novel Vascular Targeting Agent MX116407
STOCKHOLM, Sweden, and SAN DIEGO, March 30, 2004 (PRIMEZONE) -- Maxim Pharmaceuticals (Nasdaq:MAXM) (SSE:MAXM) today announced research results demonstrating the anti-cancer activity of the Company's MX116407 compounds at the 2004 American Association of Cancer Research (AACR) meeting in Orlando, Florida. Maxim scientists presented key results demonstrating that treatment with MX116407 as a single agent produced tumor regression in lung cancer animal models. MX116407 also produced a statistically significant enhancement of anti-tumor activity when combined with existing cytotoxics that was superior to the activity of other vascular targeting agents currently in clinical development under the auspices of other companies. MX116407 has been shown to induce apoptosis in cancer cells and in several animal efficacy xenograph models, including models of breast cancer, lung cancer and colorectal cancer. MX116407 is being prepared for studies designed to support the initiation of human clinical trials.
OMHEX Selected as Strategic Partner for the National Stock Exchange and Central Securities Depository of Lithuania
STOCKHOLM, Sweden, March 30, 2004 (PRIMEZONE) -- The Lithuanian State Property Fund has decided to select OMHEX as the buyer of 54.5 per cent of the National Stock Exchange of Lithuania (NSEL) and 32 per cent of the Central Securities Depository of Lithuania (CSDL) and invited OMHEX to start negotiations for the conclusion of the share purchase agreement. Together with previously acquired shares, OMHEX will own approximately 85 per cent of NSEL upon completion of the agreement, expected during Q2 2004.