latest news releases from the newsroom
Telenor's Annual General Meeting
OSLO, Norway, May 8, 2003 (PRIMEZONE) -- Telenor ASA's (Nasdaq:TELN) Annual General Meeting has today approved the annual report and accounts of Telenor ASA and the Group for 2002, and the Board of Directors' proposed dividend of NOK 0.45 per share. The dividend will be paid out on May 23, 2003 to shareholders registered as holding shares on the date of the Annual General Meeting. As of May 9, 2003, shares in Telenor will be traded exclusive of dividend.The Annual General Meeting has also, in line with the proposal of the nominating committee, elected the following members and deputies to the Corporate Assembly of Telenor ASA:
VentureNet Capital Group, Inc.
VentureNet Capital Group, Inc. Announces New Shipments of Buzzy's Coffee
TEMECULA, Calif., May 8, 2003 (PRIMEZONE) -- VentureNet Capital
Group, Inc. (Pink Sheets:VNTN) announced today that its coffee drink division, Buzzy's Coffee, shipped 3 container loads to ICS El Salvador, an import company located in San Salvador. Buzzy's Coffee will be shipping 3 container loads per month for the balance of 2003 generating approximately $475,000 in gross revenue.
SEB has Repurchased Own Shares
STOCKHOLM, Sweden, May 8, 2003 (PRIMEZONE) -- SEB (Other OTC:SVKEF) has today repurchased 6 200 000 A-shares at a price of SEK 79.50 in order to provide a hedge of the employee stock option programme 2003. The bank's current holding of SEB A-shares amounts to 13 200 000 after this purchase, since the bank in 2002 repurchased 7 000 000 A-shares to hedge the employee stock option programme for 2002.
United Online, Inc.
United Online to Present at U.S. Bancorp Piper Jaffray Technology Conference
WESTLAKE VILLAGE, Calif., May 8, 2003 (PRIMEZONE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of value-priced Internet services, today announced that it will present at The U.S. Bancorp Piper Jaffray Technology Conference on May 14, 2003 in New York City. Mark R. Goldston, chairman, CEO and president, and Charles S. Hilliard, executive vice president and CFO, will speak at the event. The company is scheduled to present at 2:20 p.m. EDT (11:20 a.m. PDT).
Biacore: Interim Report January -- March 2003
UPPSALA, Sweden, May 8, 2003 (PRIMEZONE) -- Biacore's (SSE:BCOR) (Nasdaq:BCOR) sales fell by 25% in the first quarter of 2003 to SEK 106.5 million (141.3). Excluding the impact of exchange rates, sales fell by 20%. The sales decline is considered to have been caused by the global political and economic uncertainties caused by the war in Iraq, as well as delays in funding to major research organizations, particularly in the United States.
Tripep's Bid for Isconova
HUDDINGE, Sweden, May 8, 2003 (PRIMEZONE) -- As previously announced, Tripep AB (publ) has made a bid for the vaccine development company Isconova AB in Uppsala. The Board of Directors and owners of 90% of the shares in Isconova have recommended that this bid be accepted. It is always difficult to value a listed company such as Tripep correctly in relation to an unlisted company such as Isconova, particularly given the prevailing stock market climate, and the following transaction has therefore been negotiated. Payment from Tripep to Isconova's owners will take the form of 2 million shares in Tripep AB. Isconova will then become a wholly owned subsidiary of Tripep. Isconova's owners will also be paid 75% of the subsidiary Isconova's net profit after the repayment of any shareholders' contributions made by the parent company. Tripep in turn has a time-limited option to acquire Isconova's right to 75% of the profit in exchange for a supplementary payment of SEK 50 million, made either in cash or in the form of Tripep shares valued at the share price applying on the relevant date.