latest news releases from the newsroom
Norske Skog: New Long-term Revolving Credit Facility
OXENOEN, Norway, Oct. 21, 2002 (PRIMEZONE) -- Today, Norske Skog signed a EUR 400 million long-term revolving credit facility agreement. The agreement is with a syndicate of respected domestic and foreign banks, and it replaces an existing credit facility that expires January 2004. The facility becomes part of the company's liquidity reserve, and is undrawn at signing.
Occidental Petroleum Corp.
Occidental Petroleum Announces Third Quarter 2002 Results
LOS ANGELES, Oct 21, 2002 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced net income for the third quarter 2002 of $402 million ($1.07 per share), compared with $444 million ($1.19 per share) for the third quarter 2001. Earnings before special items and discontinued operations were $329 million ($0.87 per share) for the third quarter 2002, compared with $316 million ($0.85 per share) for the third quarter 2001. The third quarter 2002 included special items and discontinued operations of a net $73 million gain related to asset sales, primarily the sale of the investment in Equistar, partially offset by the impairment of various chemical assets. The third quarter 2001 special items and discontinued operations included a net $128 million gain related to the sale of non-strategic assets.
Deloitte & Touche Recognizes Virage as One of North America's Fastest-Growing Technology Companies
SAN MATEO, Calif., Oct. 21, 2002 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE), a leading provider of video and rich media communication software, today announced that it has been ranked as one of the fastest-growing companies in the United States and Canada by Deloitte & Touche. This is the second time that the company has made the Deloitte & Touche's Technology Fast 500 list, after becoming public in June 2000. The ranking was based on a five-year percentage increase in revenues from years 1997 to 2001.
Nacio Launches Newly Designed Website
NOVATO, Calif., Oct. 21, 2002 (PRIMEZONE) -- eSynch Corp. (OTCBB:ESYN), which has entered into an escrow and proxy agreement granting it control of the voting and ownership rights of Nacio Systems, announced that Nacio Systems has launched a newly redesigned website (www.nacio.com) to provide clients with a more user-friendly and comprehensive guide to the Company's line of products and services. It is now faster and simpler for visitors to the find the information they need about Nacio services and about Nacio itself. The website was redesigned as part of Nacio's ongoing drive to improve communications with its existing and potential clients and to commence providing key benefits to these clients in allowing them direct access to data relevant to the services they are receiving. Towards this effort, Nacio will be adding a continuous stream of new features in the coming months, including a customer portal that will allow users to submit and view the status of support tickets, view Internet traffic usage in real-time and much more.
Shana Corporation Announces General Availability of Informed Quadra
EDMONTON, Alberta, Oct. 21, 2002 (PRIMEZONE) -- Shana Corporation, a leading provider of XML-based eForms management solutions, today announced the General Availability of Informed Quadra(tm), its next-generation eForms solution. Informed Quadra is an enterprise level solution that offers both desktop eForms and HTML eForms in rich XML with the ability to design the form once and deploy to different platforms. Informed Quadra is also the first eForms management solution built to take advantage of the strengths of the .NET platform, delivering superior scalability, maintainability and performance.