latest news releases from the newsroom
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Second Quarter 2003 Results
WEST PALM BEACH, Fla., August 7, 2003 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income in the second quarter of 2003 of $4.1 million or $0.06 per share compared to a net loss of $(50.2) million or $(0.75) per share in the second quarter of 2002. For the six months ended June 30, 2003 the Company reported a net loss of $(4.3) million or $(0.06) per share compared to a net loss of $(54.7) million or $(0.81) per share in 2002.
NetSol Technologies Inc.
Akhter Group, a United Kingdom Company, Acquires 49.9 Percent of NetSolConnect, a Subsidiary of NetSol Technologies, Inc.; Acquisition to Bring Potentially $20 Million in Investment for First Nationwide Broadband Infrastructure in Pakistan
CALABASAS, Calif., August 7, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWKC), a developer of proprietary software applications, today announced that it has entered into an agreement with United Kingdom-based Akhter Group PLC. Under the terms of the agreement, Akhter Group acquired 49.9 percent of NetSol Technologies' wholly owned subsidiary, Pakistan-based NetSolConnect (Pvt) Ltd., an Internet Services Provider in Pakistan. Akhter, one of the longest established computer companies in the UK, is well recognized as a provider of managed Internet services, integrated networks both local area networks and wide area networks as well as metropolitan area networks within the UK.
Vertex Interactive, Inc.
Vertex Interactive Announces $600,000 of New Orders from Advanced Distribution Systems; Record 5 Day Installation Achieved
PARAMUS, N.J., Aug. 7, 2003 (PRIMEZONE) -- Vertex Interactive, Inc. (Pink Sheets:VETX), ("Vertex or the Company"), a leading provider of Internet enabling business-to-business fulfillment solutions, today announced that it's enterprise level software division, XeQute Solutions, has received the latest in a series of orders from Advanced Distribution Systems ("ADS"), one of the nation's largest third party logistics providers, to install wireless, software-based pick-to-light systems.
Millicom International Cellular
MIC Announces Closure of Mandatory Exchangeable Bond Offering
BERTRANGE, Luxembourg, Aug. 7, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom" or "MIC") (Nasdaq:MICC), the global telecommunications investor, today announces that on August 7, 2003 the offering by its subsidiary Millicom Telecommunications S.A. of approximately SEK 2,556 million (US$310 million) of secured Notes mandatorily exchangeable into Series B shares of Tele2 AB, has closed.