latest news releases from the newsroom
BILIA SELLING REAL ESTATE IN COPENHAGEN
Bilia has signed an agreement involving the sale of a car dealership in
Vanlöse, Copenhagen. Bilia no longer runs any operations in this property.
The facility, which has an area of approximately 4,400 m2, will be sold without
Bilia's capital gain on the sale is around SEK 11 million before tax. The sales
price is higher than the valuation made in December 2004.
The buyer will have access to the property from 15 September 2005.
Including this disposal three properties hav
Proxilliant Systems Corp.
Proxilliant Systems Opens Asia Pacific Sales Office in Australia
NACKA STRAND, Sweden, MELBOURNE, Australia, BALA CYNWYD, Pa., and STOCKHOLM, Sweden, July 29, 2005 (PRIMEZONE) -- Proxilliant Systems Corp., a leading supplier of systems and technologies to improve scalability, capacity, service quality and profitability of broadband cable networks, today announced the opening of its Asia Pacific sales office in Melbourne, Australia to strengthen its global position in the broadband market.
Straumann Holding AG
Straumann Opens Australian Subsidiary
MELBOURNE, Australia and BASEL, Switzerland, July 28, 2005 (PRIMEZONE) -- At an official ceremony attended by local dignitaries, key opinion leaders and academics, Straumann, a global leader in implant dentistry and oral tissue regeneration, today inaugurated its own fully fledged subsidiary in Melbourne, Australia -- the company's first subsidiary in the Asia/Pacific region. Straumann Australia Pty Ltd will supply Straumann products and services to the Australian continent, in addition to providing a comprehensive education and training program for dental professionals in the fields of implantology and tissue regeneration.
SouthCrest Financial Group, Inc.
SouthCrest Financial Group, Inc. Announces Second Quarter Earnings
FAYETTEVILLE, Ga., July 28, 2005 (PRIMEZONE) -- SouthCrest Financial Group, Inc. (OTCBB:SCSG) reported net income of $1,358,000 for the quarter ended June 30, 2005 compared to $875,000 for the same quarter a year ago. For the six month period ended June 30, 2005, net income was $2,177,000 compared to $1,797,000 for the same period in 2004. Most of the increase in net income for both the quarter and year to date compared to the prior year was the result of the Company's merger with First Polk Bankshares, Inc. on September 30, 2004. Assets and liabilities, and results of operations for First Polk are only included in the balance sheets and income statements of the Company from the date of merger going forward. On a per share basis, results were $0.38 per share for the current quarter compared to $0.40 for the same period a year ago, and $0.61 per share for the current year-to-date period compared to $0.82 for the same period in 2004. Reductions in earnings per share are mostly due to dilution resulting from increased number of shares resulting from the merger with First Polk. Also, in the first quarter of 2005, the Company recorded an impairment charge on its investment in perpetual preferred stock that amounted to $600,000, or $375,000 net of deferred taxes, which represented $0.105 per share.
Return to Truth -- New Book Helps Readers Establish Link with God
PORTLAND, Ore., July 28, 2005 (PRIMEZONE) -- The search for truth often leads the seeker away from organized religion and into the grand expanse of spirituality. The result can be something like that found in Return to Truth (Awaken to the Truth of the Holy Bible: God and Christ from a New Perspective) (now available through AuthorHouse), written by God "in Communion with" Lawrence Hall Dawson.
Chelsea Therapeutics Announces New Ticker Symbol
CHARLOTTE, N.C., July 28, 2005 (PRIMEZONE) -- Chelsea Therapeutics International, Ltd. (OTCBB:IVRC) announced its shares will now be traded under the symbol (OTCBB:CHTP) effective at the opening of trading on July 29, 2005. The change in trading symbol follows the Company's annual shareholders meeting on July 27, 2005, during which Chelsea's shareholders approved a reorganization and name change. The Company's shares were previously traded as Ivory Capital Corporation under the trading symbol IVRC.