latest news releases from the newsroom
Biotage AB Acquires Separtis Holding AG for 1.4M Euros (13M SEK) and Completes EU Distribution Consolidation
STOCKHOLM, Sweden, Oct. 6, 2005 (PRIMEZONE) -- Biotage has acquired Separtis Holding AG, the Swiss, German and Austrian distributor for many Biotage products, formerly the Argonaut Technologies consumable product range. Under the terms of the agreement, Biotage will retain all current Separtis employees, assume the leased facilities in Grenzach-Wyhlen, and own all assets of Separtis, which is based in Grellingen, Switzerland with operating legal entities within Switzerland and Germany. The turnover of the company in 2004 was 1.6M (14.6M SEK) Euros and all revenues were comprised of Biotage-produced products. It is expected the acquisition should result in an annual revenue increase of 7.5M SEK.
Volvo Aero will Increase its Stake in the LM2500 Gas Turbine
GOTEBORG, Sweden, Oct. 6, 2005 (PRIMEZONE) -- Volvo Aero and General Electric Company (GE) have signed an agreement whereby Volvo Aero will increase its stake in the LM2500(r) industrial gas turbine. The total turnover for the additional agreement is estimated to about 1 billion SEK for Volvo Aero.
New DSM Strategy Towards 2010: Accelerate Growth, Innovation, Portfolio Quality
HEERLEN, Netherlands, Oct. 6, 2005 (PRIMEZONE) -- Today, at 11.00 hrs, DSM will hold a press conference on its new strategy Vision 2010 -- Building on Strengths at the company's head office in Heerlen (Netherlands), Het Overloon 1. Those who are unable to attend the conference in person can follow the presentation via a live webcast at www.dsm.com and/or dial-in live at +31 20 531 5851 from 10.50 hrs.
Multiple Sclerosis Linked to HHV-6A Virus
SAN DIEGO, Oct. 5, 2005 (PRIMEZONE) -- Dr. Claude Genain of the University of California San Francisco Medical Center presented evidence at the American Neurology Association Annual Meeting this week that shows a direct link between human herpes virus 6 variant A (HHV-6A) and a multiple sclerosis-like illness.
Apria Healthcare Group Inc.
Apria Healthcare Comments On Office Of Inspector General (OIG) Report On Services Provided by Inhalation Drug Suppliers
LAKE FOREST, Calif., Oct. 5, 2005 (PRIMEZONE) -- Apria Healthcare Group Inc. (NYSE:AHG) commented today on a report issued on Thursday, September 29, 2005 by the Department of Health and Human Services Office of Inspector General (OIG). The report, entitled "Review of Services Provided by Inhalation Drug Suppliers," summarizes survey work performed at the request of the Centers for Medicare and Medicaid Services (CMS) in an effort to better understand the nature and extent of dispensing services provided to Medicare Part B beneficiaries in conjunction with their inhalation drug therapies.
Cinema Internet Networks Inc.
Fillet Capital Corporation to Lead CinemaWorks M&A Activities
VANCOUVER, British Columbia, Oct. 5, 2005 (PRIMEZONE) -- Cinema Internet Networks Inc. (d.b.a. "CinemaWorks") (TSX-V:CWK), a Canadian provider of Internet equipment and services, has signed a consulting agreement with Robert Fillet of Fillet Capital Corporation to develop and lead the Company's merger and acquisition strategy. Under this agreement, Mr. Fillet will develop a plan and strategy to merge or acquire private Internet service providers serving the hospitality and multi-dwelling (MDU) markets. Small private Internet service providers serving primarily business customers will also be candidates for merger or acquisition. The Company's goal of this effort will be to build its stock equity to meet the qualifications of NASDAQ.