latest news releases from the newsroom
Trelleborg Acquires Dunlop GRG Holdings of the U.K.
STOCKHOLM, Sweden, Nov. 8, 2005 (PRIMEZONE) -- Through its Trelleborg Engineered Systems business area, Trelleborg has acquired the operations of Dunlop GRG Holdings Ltd. in Manchester, in the U.K., a company with operations focusing on project-related products for protection and transport in demanding environments. The company is privately owned, has some 50 employees and annual sales of approximately SEK 70 M.
U.S. Starcom, Inc.
U.S. Starcom Announces Letter of Intent to Acquire Infinite Technology Group
PERTH AMBOY, N.J., Nov. 8, 2005 (PRIMEZONE) -- U.S. Starcom, Inc. (Pink Sheets:USTA), a leading provider of value-added prepaid services and solutions to the urban market, announced today that it signed a Letter of Intent to acquire Infinite Technology Group, Inc. (ITGI) of Bethpaige, New York. ITGI, established in 1991, is a broad-based supplier of information technology and other technical services to a variety of Fortune 1000 companies. Their clients include companies such as JP Morgan Chase, Citicorp, Time, Inc., and Hewlett-Packard. They have partnership agreements with Sun Microsystems and Apple Computer.
Casabyte Announces New Wireless Service Quality Management Solutions for Next Generation Networks
DALLAS, Nov. 8, 2005 (PRIMEZONE) -- TeleManagement World, Booth No. 219 -- Casabyte, IncCasabyte, Inc., a worldwide provider of wireless service quality monitoring solutions, today introduced six new Casabyte RCATS wireless service quality management solutions for next generation networks. These new solutions enable operators to actively test and monitor services from a subscriber perspective. Operators utilize the resulting real-time availability and performance information to increase service quality, increase revenue and reduce costs.
Casabyte Demonstrates Global Automated Quality of Service Testing at TeleManagement World
DALLAS, Nov. 8, 2005 (PRIMEZONE) -- TeleManagement World, Booth No. 219 -- Casabyte, Inc., a worldwide provider of wireless service quality monitoring solutions, will demonstrate the enhanced version of RoamerNet, an RCATS Managed Service offering that enables wireless operators to verify services offered by their roaming partners without the need to deploy their own test equipment. The RoamerNet solution enables wireless operators to assess the quality and performance experienced by end users for voice, messaging and data services.
Toll Brothers, Inc.
Toll Brothers' Record FY 2005 4th Qtr Home Bldg Revenues Rise 39 Percent to $2.01 Billion
HORSHAM, Pa., Nov. 8, 2005 (PRIMEZONE) -- Toll Brothers, Inc., (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today reported record fourth-quarter and full fiscal year results for home building revenues, backlog and contracts for the periods ended October 31, 2005. The Company's revenues were the highest for any quarter in its history and its backlog was a fiscal year-end record.
Eagle Environmental Technologies Ltd
Eagle Environmental Technologies Ltd. Re-Starts Its Oil Wells
RENO, Nev., Nov. 8, 2005 (PRIMEZONE) -- Brian Wilmot, Eagle Environmental Technologies' (Pink Sheets:EGVR) CEO, announced that the wells in its Siler lease have received the necessary clearance from the RailRoad Commission, Oil and Gas Division in Texas, to begin production and sales. The production had been held up as the company completed several well tests to assure integrity of the wells and safety of the equipment. "It was a normal requirement of the State to test non-operating wells, but with the number of non-operating wells received as part of our original purchase, it took much longer than anticipated," stated Wilmot. There are more wells to test, but they will be done in succession as we continue to develop the field. Early field reports indicate that additional oil zones may be available for development using the same well hole as the current zone in production. This would greatly enhance overall production without a significant additional cost. Additional zone development could push average oil recovery to over 10 barrels per day per well.
Autoliv Signs $1.1 Billion 7 Year Revolving Credit Facility
STOCKHOLM, Sweden, Nov. 8, 2005 (PRIMEZONE) -- Autoliv Inc. -- the worldwide leader in automotive safety -- has signed a new $1.1 billion seven year multi-currency revolving credit facility agreement with a group of 15 banks. The loan is for general corporate purposes including the refinancing of existing syndicated facilities amounting to $850 million. The loan margin of the facility has been significantly reduced to 0.175% p.a. over LIBOR from 0.425% given Standard and Poor's rating of A-. The margin reduction is due to both general market conditions and Autoliv's strong cash flow and balance sheet development. The loan margin will be stepped up to 0.20% during the last two years of the facility.
Saab Ericsson Space Computer Heading for Venus
LINKOPING, Sweden, Nov. 8, 2005 (PRIMEZONE) -- When ESA's Venus Express satellite starts its five months travel to Venus from Baikonur in Kazakhstan November 9, a Saab Ericsson Space computer and antenna will be used to control the spacecraft.
Interim Report Industrivarden January 1 -- September 30, 2005
STOCKHOLM, Sweden, Nov. 8, 2005 (PRIMEZONE) -- Industrivarden's net asset value was SEK 45,635 M on November 4, 2005, compared with SEK 36,563 M at the start of the year, entailing an increase of SEK 9,072 M for the year to date. Net asset value on September 30, 2005, was SEK 45,744 M (34,740).