latest news releases from the newsroom
Thinkpath Appoints Patrick Power to Board
TORONTO, June 22, 2004 (PRIMEZONE) -- Thinkpath Inc. (OTCBB:THTHF), a global provider of technological solutions and services in engineering knowledge management, including design, build, drafting, technical publishing, and consulting, today announced the appointment of Mr. Patrick Power to its board. Mr. Power will serve on the board's Compensation and Audit committees. Currently, Mr. Power is Vice President of Netlan Technology Centers in New York. In 1997, Mr. Power opened the New York office of Thinkpath's staffing division where he served as Business Development Manager from 1997 until 2001. In 2001, Mr. Power moved to Thinkpath's training division which was sold in 2002 to a private corporation. Mr. Power has a National Diploma in Civil Engineering (NDEA) from The Waterford Institute of Technology in Ireland.
Telia Launching New Mobile Subscriptions
STOCKHOLM, Sweden, June 22, 2004 (PRIMEZONE) -- Telia is launching two new mobile subscriptions today for private customers: Telia Mobile 50 and Telia Mobile 100. Just like their predecessor, Telia Mobile 25, these subscriptions include free calling minutes. 50 and 100 free call minutes a month are now on offer to 10 million Telia customers.
Sandvik Initiates Negotiations with Accenture Regarding HR Outsourcing
SANDVIKEN, Sweden, June 22, 2004 (PRIMEZONE) -- Sandvik has initiated negotiations with Accenture regarding the outsourcing of administrative HR services in nine countries, including Sweden. The outsourcing decision forms part of the ongoing restructuring of the Sandvik Group's human resources function. The purpose of the change is to bring about a global standard and transform the HR function into a partner that supports business operations.
M-Wave Inc. Board Approves $3.0 Million Private Placement With Mercator Advisory Group LLC and Its Designated Funds
WEST CHICAGO, Ill., June 21, 2004 (PRIMEZONE) -- M-Wave Inc. (Nasdaq:MWAV) announced that its Board of Directors had approved the issuance of 30,000 shares of the company's newly designated Series A Preferred Stock to Mercator Momentum Fund LP; Mercator Momentum Fund III LP and Monarch Pointe Ltd. through Mercator Advisory Group LLC ("Mercator") for $100 per share, or an aggregate of $3 million. The Preferred Stock is non-voting, bears no dividend and is convertible up to 3,061,000 shares of Common Stock. The company will also issue three-year warrants to the Mercator entities to purchase an aggregate of 1,530,000 shares of Common Stock at $1.27 a share (the Common Stock closed at $1.18 a share on Friday).
Powerwave Mails Notice and Proxy Statement for Annual Meeting of Shareholders
SANTA ANA, Calif., June 21, 2004 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that it has commenced mailing to shareholders a Notice of Annual Meeting and Proxy Statement in connection with its July 21, 2004 Annual Meeting of Shareholders. The agenda items for the Annual Meeting of Shareholders include the election of nine directors and the ratification of the appointment of Deloitte & Touche as independent auditors for fiscal 2004. A copy of the Notice and Proxy Statement is available on Powerwave's website at www.powerwave.com