latest news releases from the newsroom
Alfa Laval Receives Record Order For Heat Exchangers to a Petrochemical Plant
STOCKHOLM, Sweden, Nov. 1, 2005 (PRIMEZONE) -- Alfa Laval -- a world leader in heat transfer, centrifugal separation and fluid handling -- has received an order for plate heat exchangers from Saudi Basic Industries Corporation (SABIC). The equipment is for the Yanbu National Petrochemical Company (YANSAB) in Saudi Arabia. SABIC's appointed Program Management Contractor, Foster Wheeler Energy Ltd, England, is administering the order, which has a total value of about SEK 230 million.
Tele2: 5.87 Percent of the Shares in Versatel Tendered During Post-Acceptance Period
STOCKHOLM, Sweden, Nov. 1, 2005 (PRIMEZONE) -- Further to the earlier press releases of Tele2 Finance B.V. ("Tele2"), issued together with Versatel Telecom International N.V. ("Versatel") and funds advised by Apax Partners, dated 18 July 2005, 17 August 2005, 8 September 2005, 13 September 2005, 10 October 2005 and 14 October 2005, and its sole press release dated 27 October 2005, Tele2 announces that 30,732,106 shares in the capital of Versatel (``Shares") have been tendered during the post-acceptance period, representing 5.87 per cent. of the issued and outstanding share capital of Versatel.
Antisoma Presents AS1404 Data at ECCO -- the European Cancer Conference
LONDON and PARIS, Nov. 1, 2005 (PRIMEZONE) -- Cancer drug developer Antisoma (LSE:ASM) will today present data on its most advanced drug, AS1404, at ECCO -- the European Cancer Conference. AS1404 works by damaging the blood vessels that sustain tumours. New tests have examined this effect by measuring the leakage of a dye from the bloodstream into tissues. Treatment with AS1404 increased leakage into tumour tissue but not into normal skin. This finding provides new and direct evidence that AS1404 selectively disrupts tumour blood vessels whilst leaving those in healthy tissues unharmed.
Aurora Oil & Gas Corporation
Cadence Resources Announces Completion of Merger with Aurora Energy
TRAVERSE CITY, Mich., Oct. 31, 2005 (PRIMEZONE) -- Cadence Resources Corporation (OTCBB:CDNR) announced today that its merger with Aurora Energy, Ltd. of Traverse City, Michigan was completed yesterday. Under the terms of the merger, Cadence acquired 100% of the outstanding stock of Aurora Energy in exchange for the issuance to Aurora shareholders of 37,512,366 shares of Cadence common stock. In addition, Cadence has reserved up to 10,497,328 share of its common stock for issuance upon the exercise of outstanding Aurora stock options.
United Online, Inc.
Calling All Werewolves, Goblins and Ghouls!
WOODLAND HILLS, Calif., Oct. 31, 2005 (PRIMEZONE) -- Calling all werewolves, goblins and ghouls! Do you have a digital camera and an Internet connection? If so, PhotoSite wants a photo of you and your spooky friends for the first annual PhotoSite Halloween Costume Party!
Horizon Offshore Inc.
CORRECTING and REPLACING -- Horizon Offshore Provides Financial Guidance for 2005
HOUSTON, Oct. 31, 2005 (PRIMEZONE) -- In the news release, "Horizon Offshore Provides Financial Guidance for 2005," issued Friday, September 16, 2005, by Horizon Offshore, Inc. (Pink Sheets:HOFF), the Company advises that the statements regarding actions taken following the Company's annual meeting and the related financial impact contained in the release have been corrected. The complete corrected text follows:
The Rosen Law Firm PA PC
The Rosen Law Firm, Representing Investors Who Purchased Barrier Therapeutics, Inc. Stock, Announces Class Action Lawsuit and Seeks to Recover Losses
NEW YORK, Oct. 31, 2005 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) announced today that it has filed a class action in the United States District Court for the District of New Jersey on behalf of purchasers of Barrier Therapeutics, Inc. ("Barrier") (Nasdaq:BTRX) common stock during the period between April 29, 2004 and June 29, 2005 (the "Class Period"). Shareholders who purchased Barrier stock in the Initial Public Offering ("IPO") on April 29, 2004 and/or in its Secondary Offering on February 9, 2005 are also included in this class action.
CoSine Communications, Inc.
CoSine Communications Announces Financial Results for the Quarter Ended September 30, 2005
SAN JOSE, Calif., Oct. 31, 2005 (PRIMEZONE) -- CoSine Communications, Inc. (Pink Sheets:COSN), a provider of customer support services for managed, network-based IP and broadband service providers, today announced revenues of $785,000 and a net loss of $31,000, or $0.00 per share for the three months ended September 30, 2005, as compared to revenues of $1,088,000 and a net loss of $14.6 million or $1.47 loss per share for the three months ended September 30, 2004. For the nine months ended September 30, 2005, CoSine reported revenues of $2.4 million and a net loss of $1.5 million or $0.15 loss per share as compared to revenues of $8.l million and a net loss of $31.7 million or $3.17 loss per share in the nine months ended September 30, 2004.
Empire Global Corp.
Empire Global Corp. to Acquire 501 Canada Inc.
THORNHILL, Ontario, Oct. 31, 2005 (PRIMEZONE) -- Empire Global Corp. (OTCBB:EMGL) (the "Company") announced today that it has entered into a Plan of Merger and Reorganization Agreement with 501 Canada Inc., an Ontario Corporation ("501") whereby Empire Global Corp., through its wholly-owned subsidiary Empire Global Acquisition Corp., an Ontario Corporation ("EGAC") will acquire 100% of the capital stock of 501 through the issuance of exchangeable shares of EGAC, which are exchangeable for 6,240,000 Shares of Common Stock of Empire Global Corp.