latest news releases from the newsroom
Olicom Reports First Quarter 2003 Results
COPENHAGEN, Denmark, April 23, 2003 (PRIMEZONE) -- Olicom A/S (Other OTC: OLCMF) today announced a net loss for the quarter of 2.5 million Danish kroner ("DKK"), or US $0.4 million. The loss per share was DKK 0.15, or US $0.02 per share.
Lindex Will Reduce its Costs by SEK 90-110M
STOCKHOLM, Sweden, April 23, 2003 (PRIMEZONE) -- Lindex is planning to extend the scope of initiated efficiency measures. Lindex anticipates that it will make cost savings amounting to an estimated SEK 90-110M per annum and that these will make a full impact during the 2003/2004 financial year. Structural costs of SEK 5-10M will be charged to the current quarter.
Pricer Annual General Meeting Notice
UPPSALA, Sweden, April 23, 2003 (PRIMEZONE) -- Notice is hereby given that your attendance is requested at the Annual General Meeting of Pricer AB (publ) (Other OTC:PCRBF) (Stockholm:PRICb) which will be held in the First Hotel Linne, Skolgatan 45, Uppsala, at 5 pm on Thursday, May 22, 2003.
Futuremedia Plc Takes Stake in Scandinavian eLearning Provider LUVIT
ARUNDEL, U.K., April 23, 2003 (PRIMEZONE) -- Arundel, England, April 23rd 2003-- E-learning solutions provider Futuremedia Plc (Nasdaq:FMDAY) today announced that the Board of Futuremedia and the Board of Swedish eLearning provider Luvit AB have agreed for Futuremedia to acquire 29.8% of Luvit, partly subject to approval by the shareholders of Luvit.
Millennium Chemicals to Sell $100 Million of Senior Notes Priced to Yield 7.13%
RED BANK, N.J., April 23, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today that its subsidiary, Millennium America, will sell $100 million additional principal amount of its 9.25% senior notes priced at a premium to yield 7.13% in a private placement offering announced earlier this week. The notes will mature June 15, 2008 and are guaranteed by Millennium. The net proceeds from the sale of the notes will be used to repay a portion of the outstanding borrowings under Millennium's credit facilities and for general corporate purposes. The sale of the notes is expected to close on April 25, 2003.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Reports First Quarter 2003 Results
BRIDGEVILLE, Pa., April 23, 2003 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today reported first quarter 2003 sales of $14.7 million and a net loss of $583,000, or $0.09 per diluted share. The net loss was less than the Company projected on March 19 due to a recalculation of its estimated annual effective income tax rate after taking into account its first quarter results and second quarter forecast. This had the effect of reducing the 2003 first quarter net loss by $411,000, or $0.07 per diluted share. In the first quarter of 2002, the Company recorded sales of $17.6 million and net income of $1.2 million, or $0.20 per diluted share.
Scandinavian Airlines: Mobile in Flight-Safe Mode May be Used During Flight
STOCKHOLM, Sweden, April 23, 2003 (PRIMEZONE) -- Scandinavian Airlines (Other OTC:SASDF) will be the first airline to allow the use of some mobile phone functions during flight. In the so-called flight-safe mode, the mobile phone is switched on without sending or receiving signals and won't therefore affect flight security.