latest news releases from the newsroom
Wihlborgs launches share buy-back
STOCKHOLM, Sweden, Aug. 18, 2003 (PRIMEZONE) -- Wihlborgs Fastigheter AB (publ) has started the share buy-back program approved by the annual general meeting on 2 April 2003. Acquisitions of Wihlborgs' own shares may take place of not more than the number of shares, which at any time are equivalent to 10 per cent of all the company's issued shares. Wihlborgs' acqusitions of its own shares is designed to improve the capital structure and thereby increase the company's return on shareholders' equity and its earnings per share.
International Broadcasting Corporation
IBC Radio Network Announces New Sponsor for `Stock Talk LIVE' Radio Show: Genius Products, Inc.
SANTA MARIA, Calif., Aug. 18, 2003 (PRIMEZONE) -- IBC Radio Network, a division of International Broadcasting Corporation (OTCBB:IBCS), announced today that it has signed on a new sponsor for its radio talk show "Stock Talk LIVE." Genius Products, Inc. (OTCBB:GNPI) is the latest sponsor for the show. "Stock Talk LIVE" (http://www.IBCradio.com) is a fully interactive business radio talk show focused exclusively on micro-cap stocks. The show is "on the air" each and every stock market day from 9 AM to 4 PM EST. Interactivity, interesting guests, and significant short-term trading opportunities are featured in each and every edition of "Stock Talk LIVE." Interviews, commercials, and news updates about Genius Products, Inc. will air on "Stock Talk LIVE." News releases from GNPI will also appear at the IBC News Network website (http://www.IBCNN.com).
Frontline: Refinance/OBOs in Dry Trade
HAMILTON, Bermuda, Aug. 18, 2003 (PRIMEZONE) -- Frontline (NYSE:FRO) has today entered into an agreement which includes a sale and lease back of two of the Company's VLCCs to German K/Gs promoted by Dr. Peters GmbH. The vessels, Front Tina and Front Commodore, both built in 2000 will be sold to the new owners for USD 75 million each. The vessels, which are expected to be delivered to the new owners during the next month, will after delivery be chartered back to Frontline for a period of 12.5 years.
Wall Street Audio Posts Management Interviews on Cantos
IRVINE, Calif. and LONDON, UK -- August 18, 2003 (PRIMEZONE) -- Wall Street Audio recently posted management interviews with LJ International (Nasdaq:JADE), Standard Management Corporation (Nasdaq:SMAN), Trump Hotels and Casino Resorts (NYSE:DJT) and International Absorbents (AMEX:IAX).
Penn's Landing Corporation
The 2003 African American Cultural Extravaganza at the Great Plaza at Penn's Landing, Part of the PECO Energy Multicultural Series
PHILADELPHIA, August 18, 2003 (PRIMEZONE) -- The rich traditions of Africa and the African Diaspora will be brought to the waterfront on Saturday, August 23 and Sunday, August 24 from noon to 8 p.m. at the African American Cultural Extravaganza presented by the African Cultural Center at the Great Plaza at Penn's Landing, Columbus Boulevard and Chestnut Street. PECO Energy sponsors this extravaganza as part of their multicultural series. This event will have entertainment throughout the day including: crafts, food, poetry, music and dancing. Independence Blue Cross is the presenting sponsor of the 2003 Summer Season at Penn's Landing.
Northrop Grumman Corp.
Northrop Grumman Team Wins Department of Defense Approval for Identification Credentialing Test
HERNDON and RESTON, Va., Aug. 18, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) and an industry team have received approval from the Department of Defense to test a prototype system for cross-credentialing, a system that recognizes and authenticates the identity of visitors to military and defense industry facilities. Northrop Grumman and its team members are administering this test with the Defense Department's Defense Manpower Data Center (DMDC).
Proha to Enter into Joint Discussions on Temporary Dismissals in Finland
HELSINKI, Finland, August 18, 2003 (PRIMEZONE) --Proha begins joint discussions on temporary dismissals with it's personnel in Finland. Temporary dismissals are scheduled to take place between September 2003 and March 2004. The joint discussions apply to the personnel of Artemis Finland Oy, which is the subsidiary of Proha's sub-group Artemis International Solutions Corporation, as well as the personnel of Proha Plc and its subsidiaries Intellisoft Oy and ProCountor International Oy. In all, the proposal includes 91 people.
Vertex Interactive, Inc.
Vertex Interactive Inc. Announces Agreement to Sell XeQute Solutions, Inc. in a Reverse Merger; Vertex to retain 54% control of new entity in a stock and cash transaction
NEW YORK, Aug. 18, 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 has entered into an asset purchase agreement pursuant to which it would sell all of the assets and certain liabilities of XeQute Solutions, Inc., its wholly-owned subsidiary, to JAG Media Holdings, Inc. (OTCBB:JGMHA). XeQute is Vertex's principal subsidiary and a provider of supply chain management technologies and services, including enterprise software systems and applications, software/hardware maintenance services and consulting services, which enable its customers to more effectively manage their order, inventory and warehouse management needs.