latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Wins $118 Million Contract From IRS For SCRIPS Program
HERNDON, Va., Feb. 18, 2003 (PRIMEZONE) -- The Internal Revenue Service (IRS) will continue to benefit from Northrop Grumman Corporation's (NYSE:NOC) efficient processing of tax forms through a contract for the Service Center Recognition Image Processing System (SCRIPS). Under the terms of this indefinite delivery/indefinite quantity (ID/IQ) contract from the IRS, Northrop Grumman's Information Technology (IT) sector will provide IT maintenance support for SCRIPS.
Alera Technologies DVD/CD Shredder Now Only $39.99
VAN NUYS, Calif., Feb. 18, 2003 (PRIMEZONE) -- Alera Technologies, developer and manufacturer of Advanced DVD and CD recording solutions, announced today a significant 33% price reduction for its popular DVD/CD Shredder(tm), a unique data security tool that permanently destroys the data layers on DVDs and CDs securely preventing unauthorized use.
Stockgroup Information Systems Inc.
Stockgroup's Leading Financial Portals Surpass 6 Million Message Forum Posts
VANCOUVER, B.C., Feb. 18, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc. (TSX Venture Exchange:SWB) (OTCBB:SWEB) is pleased to announce that its popular StockHouse financial web portals, StockHouse.com and StockHouse.ca, have recorded over 6 million postings within their BullBoards(TM) message forums. Individual investors have come to depend on StockHouse BullBoards, one of the most popular on-line financial forums in North America, to share their opinions and gain insights into financial markets and individual stocks. In addition to topics such as Today's Top Forums, other BullBoards of interest include After Hours Trading, The Day Trader's Corner, IPOs, Technical Analysis and Investor Awareness, to name a few.
Sveaskog Year-end report 2002
STOCKHOLM, Feb. 18, 2003 (PRIMEZONE) -- Sveaskog (Other OTC:ASDOF) conducts forestry and timber sales based on its holdings of approximately 3.5 million ha of productive forest land. The forestry operations also include property management as well as commercial activities relating to hunting, fishing and natural experiences. The forestry operations are conducted under the Sveaskog name. The Group also includes a sawmill business and cartonboard manufacture. The industrial operations are conducted under the names AssiDoman Timber and AssiDoman Cartonboard.
Metro International: Extraordinary general meeting of shareholders
BERTRANGE, Luxembourg, Feb. 18, 2003 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced the appointment of four new non-Executive Directors. Following an extraordinary general meeting of shareholders in Luxembourg today, Lance Primis, Patrick Byng, Cristina Stenbeck and Anders Fallman have been elected to the Board of Directors. Vigo Carlund, Hans-Holger Albrecht and HC Ejemyr continue as the other non-Executive Board members. There are now seven Board Directors in total. Lance Primis and Patrick Byng were elected as independent non-Executive Directors.
ManageSource Research, RIA
ManageSource Research Continues Coverage of GTC Telecom Corp. and reiterates a Buy Rating and Twelve-Month Price Target of $1.01 to $1.20
LOS ANGELES, Feb. 18, 2003 (PRIMEZONE) -- ManageSource Research announced today that it has released updated coverage of GTC Telecom Corp. (OTCBB:GTCC) with a Buy rating and a twelve-month target of $1.01 - $1.20. GTC has reported its third consecutive quarterly profit of $203,045, or $0.01/share. Gross margins have increased to 49% and SG&A has dropped 55% Y-Y, while liquidity has increased from 0.20 to 0.32 despite increased costs associated with the development of Perfexa Solutions. The Company is effectively in its final stages of development and rollout for Perfexa, its wholly-owned Business Process Outsourcing (BPO) division located in New Delhi, India. The BPO market is expected to reach approximately $170B by 2005 and the Company anticipates strong cost savings and exponential revenue growth as Perfexa begins operations during Q1, 2003.