latest news releases from the newsroom
PurchasePro Announces Contract with Haworth, Inc.
LAS VEGAS, April 24, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that Haworth, Inc., the world's second largest designer and manufacturer of contract office furniture, has signed a software license agreement for PurchasePro e-Source, the industry's leading strategic sourcing solution and procurement process. While terms of the agreement were not disclosed, PurchasePro said that a typical license agreement comprises a termed or up-front license fee and monthly maintenance and hosting fees.
Ableauctions.com Announces Fiscal 2001 Financial Results
SCOTTSDALE, Ariz., April 24, 2002 (PRIMEZONE) -- Ableauctions.com(TM), Inc. (AMEX:AAC) ("Ableauctions" or the "Company"), announced on Tuesday, April 23, 2002, that it has filed its annual report and audited financial statements for the year ended December 31, 2001.
Chino Commercial Bank
Chino Commercial Bank, N.A. Reports First Quarterly Net Income
CHINO, Calif., April 24, 2002 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations for the first quarter of 2002 with net income for the quarter of $12,830 or $.02 per share. Dann H. Bowman, President and Chief Executive Officer, stated, "After only nineteen months of operations, it is extremely exciting to report the Bank's first quarterly net profit. The Bank continues to grow very rapidly as assets increased by 19.8% during the first quarter to $31.3 million." Loans also increased to $12.5 million at March 31, 2002 as compared to $11.0 million at December 31, 2001. The Bank also continues to enjoy very good loan quality with no delinquencies or non-accrual loans. Total Deposits increased to $25.3 million at March 31, 2002 as compared to $20.0 million at December 31, 2001. Non-interest bearing deposits continue to exceed 65% of total deposits at March 31, 2002.
CEO Subscribes to 1 Million Shares in NeoNet
STOCKHOLM, Sweden, April 24, 2002 (PRIMEZONE) -- NeoNet's Chief Executive Officer Torvald Bohlin has today subscribed to 1 million shares in NeoNet AB (publ) by exercising his rights in accordance with warrants held. Torvald Bohlin's shareholdings (including family) in NeoNet totals 1,020,000 shares.
Proposal for Re-election of Pricer's Board of Directors
UPPSALA, Sweden, April 24, 2002 (PRIMEZONE) -- Prior to the Annual General Meeting of Pricer AB on April 25, 2002, a large group of shareholders, representing more than 25 per cent of the votes, have agreed on a proposal for re-election of the Board of Directors.