latest news releases from the newsroom
Seattle's Best Coffee
New Seattle's Best Coffee(r) Cafe Opens at PricewaterhouseCoopers Place in Vancouver, B.C.
SEATTLE, May 14, 2003 (PRIMEZONE) -- Seattle's Best Coffee(r) (SBC) announces the opening of its sixth SBC retail cafe in Vancouver, B.C. Now open and located at 250 Howe Street, in the base of prestigious PricewaterhouseCoopers Place, the new cafe is owned and operated by Snowbean Coffee Company, a licensed franchisee and wholesale distributor of Seattle's Best Coffee in Canada. Snowbean Coffee Company already owns five additional SBC cafes in Vancouver and plans to open its seventh cafe later this year.
Custos: Acando and Frontec Join Forces
STOCKHOLM, Sweden, May 14, 2003 (PRIMEZONE) -- Custos (Other OTC:CUSTF): today Frontec (publ.) (Other OTC:FRNRF) announced a bid on Acando AB with payment consisting of shares in Frontec. Acando's largest shareholder Custos, owning 49.9% of the company before dilution, supports the proposed deal. After the deal Custos will be the largest single owner in Frontec with 21.8% of capital and 15.2% of votes. Custos holding in Acando was valued at SEK 58.7 million on March 31, 2003. At Frontec's current share price the deal increases the value of Custos holding.
Preferred Vacation Rentals, Inc.
New Hampshire: Now is the Time to Rent a Lake Cottage
CENTER HARBOR, N.H., May 14, 2003 (PRIMEZONE) -- Looking to rent a charming lakefront cottage for your summer vacation? Last year at this time, you would have been out of luck. According to Mark Borrin of Preferred Vacation Rentals in Center Harbor the summer of 2002 saw an explosion in rentals of privately-owned lake cottages, condos, and vacation homes on New Hampshire's busy Lake Winnipesaukee.
Kinnevik: New Loan Agreements and Refinancing
STOCKHOLM, Sweden, May 14, 2003 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB) today announced that it had completed a major refinancing of its banking facilities. The majority of the funds are being used to refinance both short and medium term bank facilities.
Skandia's Financial Effects Through March 2003
STOCKHOLM, Sweden, May 14, 2003 (PRIMEZONE) -- Skandia's (Other OTC:SKNFF) (LSE:SDIAq) result is affected by external factors such as changes in the stock market and interest rates. Future revenues, which are based on fund values, increase or decrease as a result of these factors. When the value of funds decrease, the company's tax situation is also affected in certain cases. Altogether this entails a one-time effect on the operating result. During the first quarter of 2003 the aggregate negative financial effect on the operating result is estimated to be in the range of SEK 250 -- 350 million.