latest news releases from the newsroom
Horizon Offshore Inc.
Horizon Offshore Provides Update Regarding Recapitalization and Refinancing of Indebtedness
HOUSTON, Feb. 10, 2005 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) announced that it has repaid all amounts outstanding under its domestic revolving credit facility and has amended its EXIM guaranteed facility, agented by Southwest Bank of Texas, N.A. (Southwest Bank), to further extend its maturity date to February 18, 2005. Future collections on foreign receivables will pay down the $12.1 million outstanding under the EXIM guaranteed facility. The Company had earlier extended the January 21, 2005 maturity date to February 11, 2005.
Euro RSCG Magnet
Heineken To Roll Out The Green Carpet At GRAMMYs 2005
WHITE PLAINS, N.Y., Feb. 10, 2005 (PRIMEZONE) -- As part of its sponsorship of the 2005 GRAMMY(r) Awards, Heineken will transform the traditional red carpet to green, showcasing its overall commitment to The GRAMMY Foundation's(r) programs and the What's the Download(r) (www.WhatsTheDownload.com) public education campaign. With this unique initiative, Heineken hopes to raise awareness of these important programs and will make a special donation -- on behalf of all who walk the Heineken Green Carpet that night -- to the GRAMMY Foundation(r).
Mobile Satellite Ventures
New Generation of Communications Services to Emerge with Today's FCC Action; MSV Moves Ahead on Vision for MSS
RESTON, Va., Feb. 10, 2005 (PRIMEZONE) -- Mobile Satellite Ventures (MSV) announced today that the Federal Communications Commission (FCC) finalized a comprehensive set of rules following a detailed multi-year process for the use of ancillary terrestrial component (ATC) with mobile satellite services (MSS). By today's decision, the FCC expanded the technical and operational flexibility of ATC services; specifically, the new FCC rules allow for greater capacity in both the uplink and downlink directions, thereby assuring robust high speed service.
Minera Andes, Inc.
Minera Andes' Construction Project Accelerates; Reveals More High-Grade Silver/Gold
SPOKANE, Wash., Feb. 10, 2005 (PRIMEZONE) -- Minera Andes Inc. (TSX Venture Exchange:MAI) (Pink Sheets:MNEAF) is pleased to announce that new high-grade silver/gold mineralization has been discovered at the Huevos Verdes advanced-stage construction project in southern Argentina. Newly exposed mineralization along 150 meters of the vein averages 1.76 meters of 11.03 g/t gold & 645 g/t silver (490 ft vein segment averaging 5.8 ft of 0.32 opt Au & 18.8 opt Ag). This high-grade vein segment remains open along strike and at depth. As with other vein segments exposed in the southern workings earlier in the underground program, this average is appreciably higher than indicated by surface core drilling.
Dobson Communications Corporation
Dobson Communications To Announce Fourth Quarter Earnings
OKLAHOMA CITY, Feb. 10, 2005 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) plans to publish its fourth quarter 2004 earnings results after the close of market trading on Thursday, February 17, 2005. The Company is scheduled to conduct its fourth quarter earnings conference call at 8 a.m. CT (9 a.m. ET) on Friday, February 18, 2005. Along with fourth quarter results, Dobson may review its outlook for 2005.
SimpleTech Announces Fourth Quarter and Full Year 2004 Results
SANTA ANA, Calif., Feb. 10, 2005 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, manufacturer and marketer of custom and open-standard memory solutions based on Flash memory and DRAM technologies, today announced its financial results for the fourth quarter and for the year ended December 31, 2004.
Occidental Petroleum Corp.
Occidental Appoints Casey Olson Executive Vice President
LOS ANGELES, Feb. 10, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that its board of directors has elected Casey Olson an Executive Vice President of the corporation. Mr. Olson, 51, also holds the position of President, Oxy Oil and Gas -- Eastern Hemisphere with responsibility for managing Occidental's operations in the Middle East, North Africa, Russia and Pakistan. In addition, he has management responsibility for Occidental's worldwide exploration and international business development efforts.