latest news releases from the newsroom
Randgold Resources Limited
Randgold Resources Consolidating in Tanzania
LONDON, July 7, 2004 (PRIMEZONE) -- London and Nasdaq listed gold miner Randgold Resources (LSE:RRS) (Nasdaq:GOLD) announced today that it had consolidated and extended its exploration presence in the Lake Victoria goldfields of Tanzania through a joint venture agreement with Barrick.
Landshypotek: The district heating group credits
STOCKHOLM, Sweden, July 7, 2004 (PRIMEZONE) -- The process of exiting the lending exposure of Lantbrukskredit, a subsidiary of Landshypotek, to the district heating group has today moved forward as Lantbrukskredit has entered into an agreement with the owners of the group.
Telelogic Signs 735,000 Agreement with European Bookmaking Organization
MALMO, Sweden, July 7, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a contract worth 735,000 with a major European bookmaking organization for Telelogic's change and configuration management solution SYNERGY. The contract includes licensing fees and three year maintenance to a value of 515,000 and professional services to a value of 220,000.
Xenova Group PLC
TransMID -- First Patient Treated in Pivotal Phase III GBM Trial
SLOUGH, U.K., July 7, 2004 (PRIMEZONE) -- Xenova Group plc (LSE:XEN) (Nasdaq:XNVA) announced today that patient dosing has begun in the Phase III clinical trial of TransMID(TM) for the treatment of progressive or recurrent non-operable Glioblastoma Multiforme (GBM). The first patient was enrolled at University of Utah Huntsman Cancer Institute in the US. On 11 May 2004, Xenova and the FDA reached agreement under the Special Protocol Assessment procedure for the revised Phase III clinical trial programme for TransMID(TM).
DigiLava Expands to New Facility Due To Double-Digit Growth
SAN FRANCISCO, July 6, 2004 (PRIMEZONE) -- DigiLava, Inc. (Pink Sheets:DGLV), a recognized pioneer in Application Service Provider of rich-media direct response marketing for businesses and enterprises, announced today that they have established their headquarters in the heart of the Financial District of San Francisco and their facility resources to a NACIO data center in San Rafael, Marin County in California, to facilitate their rapidly growing work force and infrastructure needs. The facilities will host DigiLava's executive offices as well as its advanced research and development team, quality assurance team, and sales and marketing organization.
Horizon Offshore Inc.
Horizon Offshore Updates Guidance For 2004
HOUSTON, July 6, 2004 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) today announced updated guidance to the previous projected earnings before interest, taxes, depreciation and amortization (EBITDA) for 2004. The Company expects to report EBITDA of between $25 million and $35 million for the year ended December 31, 2004. Previous guidance was for an EBITDA of between $40 million and $50 million for 2004. The decrease in the projected EBITDA is due to a number of factors. The Company experienced unusually adverse weather in the U.S. Gulf of Mexico during the first half of 2004 and a fire on the Gulf Horizon on May 18, 2004 while in tow from the Gulf of Mexico to Israel. This required Horizon to substitute a comparable vessel to perform the Israel Electric Corporation contract. The Sea Horizon was strategically selected to replace the Gulf Horizon, allowing the contract to stay on schedule. The diversion of the Sea Horizon from its scheduled work in Southeast Asia to substitute for the Gulf Horizon will result in the loss of some revenues in Southeast Asia for the second half of 2004 and has adversely impacted projected EBITDA. The Sea Horizon will relocate to Southeast Asia after completion of the Israel Electric Corporation project.
Consolidated Travel Systems Inc.
Consolidated Travel Systems, Inc. Enters into Merger Agreement with Knobias Holdings, Inc.
SALT LAKE CITY, July 6, 2004 (PRIMEZONE) -- Consolidated Travel Systems, Inc. (OTCBB:COVSA) announced today that it has entered into an Agreement and Plan of Reorganization with Knobias Holdings, Inc., an innovative provider of complete financial market intelligence and applications to industry professionals, financial portals, and individual investors, providing for the reverse acquisition of Consolidated by Knobias. As a result of the acquisition, the directors and officers of Knobias will become directors and officers of Consolidated, Consolidated will change its name to "Knobias, Inc.," and it is expected that the Consolidated trading symbol will be changed to better reflect the new name.