latest news releases from the newsroom
Modern Times Group MTG AB: Conference Call Invitation
STOCKHOLM, Sweden, Feb. 12, 2002 (PRIMEZONE) -- MTG will host a conference call regarding their financial results for the period January-December 2001 on Tuesday, February 19, 2002; at 11 a.m. ET/4.00 PM London time/5.00 PM Stockholm time
Orbit E-Commerce, Inc.
Orbit E-Commerce's First U.S. Point-of-Presence Operational
TORONTO, Feb. 12, 2002 (PRIMEZONE) -- Orbit E-Commerce, Inc. ("Orbit" or "the Company") (OTCBB:OECI) today announced it has completed the deployment of its advanced Voice over IP ("VoIP") gateway system in Newark, New Jersey. This will enable the Company to provide its awarding winning Internet-based long-distance and Internet access service to consumers and businesses in New York City and surrounding communities. Built in partnership with IBM (NYSE:IBM), Orbit's first Point-of-Presence ("POP") in the United States allows Orbit's VoIP service to reach one of the most densely populated areas of North America.
Hoenig Group Inc. to Sell its Remaining Investment Management Businesses, Axe-Houghton Associates, Inc.
RYE BROOK, N.Y., Feb. 12, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) announced today that it has signed agreements to sell its remaining investment management businesses in two transactions. The Company has agreed to sell the Value and Balanced Equity investment management businesses of its wholly owned subsidiary, Axe-Houghton Associates, Inc. ("Axe-Houghton"), to Byram Capital Management LLC, a registered investment adviser formed by Seth M. Lynn, President of Axe-Houghton, and four other Axe-Houghton employees.