latest news releases from the newsroom
SNPE, Saab and Patria Create a Leading European Propellants and Explosives Company -- EURENCO
LINKOPING, Sweden, July 10, 2003 (PRIMEZONE) -- The French GROUPE SNPE and its subsidiary SME (SNPE Energetic Materials) and the owners of NEXPLO Industries AB, the Swedish Saab AB and the Finnish Patria, have today signed a binding agreement in order to merge their activities in propellants and explosives within a new company named EURENCO, i.e. European Energetics Corporation. The ownership of the company will be 60.2 % for GROUPE SNPE and 19.9 % for both Patria and Saab.
Aussie Apparel Group Signs Letter-of-Intent to Acquire November Clothing Company and November Trademark from Krash Distribution Company
LOS ANGELES, July 10, 2003 (PRIMEZONE) -- Aussie Apparel Group Ltd. (OTCBB:AASI), an emerging growth apparel company focused on the extreme sports enthusiast, announced today that it signed a letter-of-intent with November Clothing Company to acquire the Santa Ana, CA-based company. Aussie Apparel simultaneously announced a letter-of-intent with Krash Distribution Company to acquire the November trademark in an asset purchase agreement. Initial numbers provided by November Clothing Company to Aussie Apparel show sales of $1.5 million in 2002. November Clothing Company, launched in 2000, caters to the core skateboard market with a strong fashion influence from alternative/punk music lifestyle. Outside of the United States, the November brand is also sold in Canada, England, New Zealand and Australia.
Worldwide Holdings Announces New Corporate Web Site and the Worldwide Advantage Affiliate Program
ADDISON, Ill., July 10, 2003 (PRIMEZONE) -- Worldwide Holdings, Inc. (OTCBB:WWDH) today announced the hiring of an interactive advertising agency, Intelective Communications, Inc., to design a formal corporate Web site which will be launched by the end of July 2003 and to provide ongoing strategic and tactical marketing services. Worldwide Holdings is also deploying an extensive national advertising campaign comprising print and interactive media to drive broad brand awareness in the real estate market and recognition with affiliates who may be interested in working with the company.
SAS: New De-icing Fluid Gentler on the Environment
STOCKHOLM, Sweden, July 10, 2003 (PRIMEZONE) -- This autumn, the SAS Group's (Other OTC:SASDF) five airlines will switch to a newly developed de-icing fluid. Together with the manufacturer Kilfrost, SAS has succeeded in producing a deicing liquid that does not contain Triasol, a substance that takes considerable time to be broken down and that accumulates in the food chain.
San Cristobal Land Development
SCLD: Do You know About Panama's Billion-Dollar Coastline?
PANAMA CITY, Panama , July 10, 2003 (PRIMEZONE) -- Can you imagine 180 miles of untouched Caribbean, white sandy-beach coastline within hours of 20 major North American cities? Are you looking for a beachfront retirement property at a 10th of the cost of most beachfront property that is available today? All this and more is waiting for smart investors in the Republic of Panama.
Peab to Build 10KM new Road in Jamtland
FOERSLOEV, Sweden, July 10, 2003 (PRIMEZONE) -- Peab has won the contract to build 9.7 kilometres new road between Doda Fallet and Bispgarden in Jamtland. The client is the Swedish National Road Association and the contract amounts SEK 144 million.
Spirent Plc -- Notice of Results
Crawley, U.K., July 10, 2003 (PRIMEZONE) -- Spirent plc (LSE:SPT) (NYSE:SPM), a leading international network technology company, announces that it intends to release its interim results for the six months to 30 June 2003 on Wednesday, 6 August 2003 before the opening of the UK market.
NCC to sell part of the Centralhuset property in Gothenburg for SEK 400 million
SOLNA, Sweden, July 10, 2003 (PRIMEZONE) -- NCC has signed a contract for the sale of a portion of the Centralhuset property in Gothenburg. The purchaser is Internationales Immobilien- Institut GmbH in Munich, Germany. The sale price will amount to about SEK 400 million. Any gain on the project will be recognized as income when the other parts of Centralhuset are sold.
AorTech International Plc
AorTech Signs License Agreement With Major US Medical Device Partner
LANARKSHIRE, U.K., July 10, 2003 (PRIMEZONE) -- AorTech International plc ("AorTech") announces the signing of a license and supply agreement for its proprietary silicone-polyurethane co-polymer technology with a major US supplier of medical devices. The specific financial terms are confidential, but the agreement is exclusive for the life of the corresponding patents and restricted to certain cardiovascular applications. AorTech expects income from up-front license fees, milestone payments, royalties and material supplies and anticipates that the partnership will lead to co-development work in the future.