latest news releases from the newsroom
Converium Holding AG
Converium -- January Renewals 2006
ZUG, Switzerland, Jan. 10, 2006 (PRIMEZONE) -- Converium will hold a conference call for the investment community and is pleased to invite you to participate. This call will be webcast live on the Internet, via the Company's web site, at www.converium.com. Please dial in 10 to 15 minutes before and ensure that you have Real Media Player(tm) or Windows Media Player(tm).
Telenor Strengthens in Asia and Europe -- New Group Management Members Appointed
OSLO, Norway, Jan. 10, 2006 (PRIMEZONE) -- Telenor's mobile commitments in Asia and Europe are becoming increasingly important to the Group. Telenor is therefore appointing two of its most experienced executives -- Arve Johansen and Jan Edvard Thygesen -- to head its commitments in these regions. Coordination across the Group's operations is also strengthened as two new members are appointed to the Group Management. Telenor is now establishing Asia and Eastern/Central Europe as separate areas of responsibility, with dedicated Executive Vice Presidents, as Telenor has previously done with its Nordic operations. Arve Johansen will head Telenor's commitments in Asia, and Jan Edvard Thygesen will head the Group's commitments in Eastern/Central Europe. Both Johansen and Thygesen are experienced members of Telenor's Group Management.
MorphoSys and Chemicon International Enter into Worldwide Licensing Agreement for Research Antibodies
MARTINSRIED, Germany, Jan. 10, 2006 (PRIMEZONE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment:TecDAX) and Chemicon International, Inc., a subsidiary of Serologicals Corporation (Nasdaq:SERO) today announced that they have signed a three-year agreement for the distribution of HuCAL(r)-based recombinant research antibodies through Chemicon's worldwide sales network. MorphoSys's Antibodies by Design unit will develop antibodies from its proprietary HuCAL GOLD(r) antibody library against targets identified and supplied by Chemicon, a leading provider of research tools. Chemicon may market the licensed HuCAL(r)-based research antibodies for use in in vitro research as stand-alone products or as components of reagent kits. In addition, Chemicon may also market the antibodies for clinical diagnostic applications. The parties are aiming to complete 100 research antibody projects per year over the three year life time of the agreement. MorphoSys receives payment for antibody generation, optional additional fees, and royalties on all products. Further financial details were not disclosed.
IElement Corporation Closes $1.579 Million Private Placement
DALLAS, Jan. 9, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that it has completed a private placement in the amount of $1,579,375 with warrants that would bring in an additional $2,256,250 if all warrants are exercised. The placement was conducted as a "Unit Offering" with each $17,500 Unit consisting of 500,000 shares of common stock and warrants to purchase another 250,000 shares at ten cents per share.
Hot Topic, Inc.
Robin Elledge Joins Hot Topic as Senior Vice President, Human Resources
CITY of INDUSTRY, Calif., Jan. 9, 2006 (PRIMEZONE) -- Hot Topic, Inc. (Nasdaq:HOTT) announced today that Robin Elledge has joined the company as Senior Vice President, Human Resources. Robin will be responsible for recruiting, employee relations, training, compensation, culture and organizational development. Ms. Elledge reports to Betsy McLaughlin, Chief Executive Officer of Hot Topic, Inc.
Mr. Rooter of Seattle Offers ACE DuraFlo's ePIPE Technology for King and Snohomish Counties
SEATTLE, Jan. 9, 2006 (PRIMEZONE) -- Today Mr. Rooter of Seattle announces it has adopted ACE DuraFlo's ePIPE(tm) technology and will immediately offer this unique pipe restoration process to its customers in King and Snohomish Counties. ePIPE(tm) technology involves applying an epoxy barrier coating to an existing plumbing system and prevents pinhole leaks, increases water flow and prevents the leaching of heavy metals, such as lead, into the water supply. It can be applied to copper and galvanized pipes.