latest news releases from the newsroom
Innovation Holdings, Inc. Eliminates In Excess of $11,000,000 In Debt as It Bankrupts, Former Subsidiary Century Media, Inc.
SHERMAN OAKS, Calif., Nov. 21, 2005 (PRIMEZONE) -- Innovation Holdings (Pink Sheets:IVHN) has reported in its most recent Form 8-K filed with the Securities and Exchange Commission, that the Company's bottom line has been dramatically improved by the elimination of in excess of $11,000,000 in debt incurred by a former subsidiary, Century Media, Inc. which it had originally acquired on August 13, 2001.
SeaDrill Ltd. -- Additional Information Listing Prospectus for SeaDrill
HAMILTON, Bermuda, Nov. 21, 2005 (PRIMEZONE) -- Reference is made to the table in Section 5.5 Charter and contract overview. The employment of Ekha with Premier Indonesia, Sakhalinskaya with Shell and the five year contract for Crystal Sea are based on a signed Letter of Intent. These LOI's are currently in the process of being converted into full contracts. However, no final contract has been signed. The remaining employment of the rigs are based on signed contracts.
SeaDrill Ltd. -- Prospectus
HAMILTON, Bermuda, Nov. 21, 2005 (PRIMEZONE) -- Please find enclosed the SeaDrill Limited Prospectus for the listing on Oslo Stock Exchange on or about Tuesday 22. November.
Quest Oil Corporation: Adds More Acreage to Acadia North Gas Play
HOUSTON, Nov. 21, 2005 (PRIMEZONE) -- In a strategic move to shore up interests in the Acadia North Project area, Quest Oil Corporation's (OTCBB:QOIL) subsidiary, Quest Canada Corp. acquired two additional sections of land and all PNG rights from the Alberta Crown Land sale held on November 16, 2005. The acquired leases are located in the Acadia Valley and, based on prior technical evaluations, are believed to be an extension of the Arneson Viking gas pool that was encountered by test wells "15-34" and "10-22". The sections are approximately one mile northeast of section 34-25-2W4.
GlobeOp Financial Services
GlobeOp's GoMarkets to Offer Currenex's e-FX Trading Platform to Hedge Fund Clients
LONDON, Nov. 21, 2005 (PRIMEZONE) -- GlobeOp Financial Services (GFS(sm) or GlobeOp(r)), a provider of fund administration and related support services for hedge funds, fund of funds, and high net worth family wealth offices, announced today an agreement to offer connectivity to the Currenex(r) electronic foreign exchange trading platform via GoMarkets(sm), GlobeOp's new electronic trading connectivity platform for its hedge fund clients. Currenex, Inc. is a leading provider of foreign exchange and money market trading solutions to banks, funds, corporations and other market participants.
Petter Odhnoff Appointed Chairman of Pergo's Election Committee
STOCKHOLM, Sweden, Nov. 21, 2005 (PRIMEZONE) -- Petter Odhnoff, CIO of Andra AP-fonden, has been appointed Chairman of Pergo's Election committee. At the same time Peter Ekelund, President of Novestra, has replaced Theodor Dalenson as Novestra's representative in the committee. Pergo's new Election committee, which was announced in the Q3-report, further consists of David Marcus, M2 Capital Management LP; Peter Rudman, Nordea Fonder; Roger Buehler, Laxey Partners Ltd and Bertil Villard, Chairman of the Board of Pergo.
Saab: A Successful First Flight with FILUR
LINKOPING, Sweden, Nov. 21, 2005 (PRIMEZONE) -- Saab and FMV's technology demonstrator program FILUR has made its first flight. It was a successful flight and the test results are now being evaluated in order to be able to optimize flight performance for future flights.
Medivir: Advances in Chronic Obstructive Pulmonary Disease (COPD) Research Program
HUDDINGE, Sweden, Nov. 21, 2005 (PRIMEZONE) -- Medivir (Huddinge, Sweden) and one of China's largest pharmaceutical companies, Jiangsu Hengrui Medicine Company (Shanghai), instigated a two year research collaboration in December 2003 to develop protease inhibitors against chronic obstructive pulmonary disease (COPD). Pivotal advances have been made and important milestones achieved in the project. Medivir and Hengrui have therefore elected to extend their research collaboration for developing drugs against COPD.
Artimplant: Artelon Implant for Rotator Cuff Reinforcement Receives CE-mark
STOCKHOLM, Sweden, Nov. 21, 2005 (PRIMEZONE) -- Artimplant, the Swedish biomaterials company, has developed a product for rotator cuff reinforcement that has been cleared for marketing in Europe through CE-mark. The rotator cuff is located in the shoulder and is made up of four muscles and their tendons. The product will be launched by Arthrotek Inc., a Biomet company, under the name of Sportmesh(tm).