latest news releases from the newsroom
GulfMark Offshore, Inc.
GulfMark Offshore, Inc. Files $250 Million Shelf Registration
HOUSTON, Texas, Dec. 17, 2002 (PRIMEZONE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) today announced it has filed a $250 million shelf registration statement on Form S-3 with the Securities & Exchange Commission to register the offer and sale by the Company from time to time of up to $250 million of various securities, which may include common stock, warrants, debt securities, and or preferred stock.
RPM Technologies Inc.
RPM Technologies Penetrates the Growing World Plastic Pallet Market
PLAINFIELD, Ill., Dec. 17, 2002 (PRIMEZONE) -- According to RPM Technologies Inc. (OTCBB:RPMM), pallet sales worldwide approximate $20 billion a year. Currently, 90% of the market is wood pallets and 10% is plastic. The pallet market is shifting from wood to plastic at the rate of 3% to 5% per year and accelerating. Within five to seven years, the market will be about 50/50 wood to plastic. RPM's goal is a mere 1/4 of 1% market share of pallet sales within five years, or approximately $50 million in annual revenues.
Electrolux: Clarification Regarding Pending Asbestos Cases in the U.S.
STOCKHOLM, Sweden, Dec. 17, 2002 (PRIMEZONE) -- Electrolux (Nasdaq:ELUX) (LSE:ELXB) today announced that in reference to information sent out by Reuters news agency, the Group makes a clarification. As stated earlier, Electrolux together with numerous other corporations in the U.S. has pending litigation and claims against the Group related to asbestos.