latest news releases from the newsroom
Telenor: Biased Mobile Price Regulations to Continue
OSLO, Norway, April 21, 2006 (PRIMEZONE) -- The Ministry for Transport and Communications has rejected Telenor's objections to the Norwegian Post and Telecommunications Authority's (PT) decision relating to regulations of call termination charges in the Norwegian mobile market. This decision increases the already discriminatory practice in the Norwegian mobile market.
Yara International ASA
Yara Achieves Strong Results in Turbulent Energy Market
OSLO, Norway, April 21, 2006 (PRIMEZONE) -- Yara International ASA reports strong results for the first quarter 2006. Despite energy costs increases of more than NOK 600 million for the quarter, Yara maintained 96 percent of its earnings per share. Joint venture earnings from low-cost gas regions grew significantly.
PracticeXpert Retains Midtown Partners; Completes Interim Funding
CALABASAS, Calif., April 20, 2006 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT), today announced that it has received financing in the amount of $250,000 in connection with the issuance and sale of one-year 12% Senior Secured Convertible Debentures and warrants. Midtown Partners & Co. LLC served as the placement agent in connection with the financing transaction.
Stolt-Nielsen S.A. Purchased 200,300 of its Common Shares
LONDON, April 20, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100%-owned subsidiary of SNSA, today purchased 200,300 of SNSA Common Shares on the Oslo Stock Exchange at an average price of NOK 178.04 per share (approximately $28.11 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Ethos Environmental, Inc.
Ethos Environmental, Inc. Executes Definitive Agreement With Victor Industries, Inc.
SAN DIEGO, Calif., April 20, 2006 (PRIMEZONE) -- Ethos Environmental, Inc. ("Ethos"), a manufacturer and distributor of a unique line of fuel reformulating products under the name Ethos Fuel Reformulators, or Ethos FR, today announced the execution of a Definitive Agreement (the "Agreement") with Victor Industries, Inc. ("VICI") (OTCBB:VICI). As part of the Agreement, it is expected that VICI will redomicile to Nevada, effectuate a reverse stock split of approximately 1:1000, and change its name to Ethos Environmental, Inc. Additionally, the shares presently held by stockholders in Ethos will be exchanged on a one-for-one basis in the resulting corporation.
Marsh Supermarkets Inc.
Marsh Supermarkets, Inc. Signs Letter of Intent for Proposed Acquisition
INDIANAPOLIS, April 20, 2006 (PRIMEZONE) -- Marsh Supermarkets, Inc. (Nasdaq:MARSA) (Nasdaq:MARSB) announced today that it signed a letter of intent with an affiliate of Sun Capital Partners ("Sun Capital") for the acquisition of all of the outstanding shares of both of its classes of common stock for an all cash price of $11.125 per share. Sun Capital is a leading private investment firm specializing in leveraged buyouts of market-leading companies.
Quanex Building Products Corporation
Quanex Corporation Quarterly Update -- Fiscal Second Quarter 2006
HOUSTON, April 20, 2006 (PRIMEZONE) -- Quanex Corporation (NYSE:NX), an industry-leading manufacturer of value-added engineered materials and components for the vehicular products and building products markets, announced today that it expects to report fiscal second quarter 2006 diluted earnings per share from continuing operations in a range of $1.02 to $1.06, up some 16% from its prior guidance of $0.87 to $0.93, when it reports results on June 1, 2006. The higher guidance is due to better than expected aluminum sheet shipments and improved material spreads at Nichols Aluminum, and higher volumes at MACSTEEL.