latest news releases from the newsroom
Telenor Sells its Inmarsat Shares
FORNEBU, Norway, March 14, 2006 (PRIMEZONE) -- Telenor has today sold 21,165,518 shares in Inmarsat PLC at Pounds 3.78 per share.The transaction will provide Telenor with total sales proceeds of Pounds 79.5 million and a financial gain of approximately NOK 906.1 million. The sale represents 4.6 percent of the share capital in Inmarsat. After the transaction Telenor owns 0 percent of Inmarsat.
Quest Oil's Bid a Success in Purchase of Acadia Land
HOUSTON, March 14, 2006 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) is pleased to announce that subsidiary Quest Canada Corp. was successful in acquiring two sections of land and all PNG rights at the Alberta Crown Land sale held on March 08, 2006.
USN Corporation Approved to Begin Trading on the OTC Bulletin Board
LOS ANGELES, March 14, 2006 (PRIMEZONE) -- USN Corporation (OTCBB:USNR) ("USN"), owner of the "Ultimate Shopping Network," which sells upscale consumer products direct to the customer at value prices on DIRECTV Channel 345, Dish Network channel 223, and various cable and broadcast outlets, announced today that it has received notice of approval for its shares of common stock to begin trading on the OTC Bulletin Board(r). The trading ticker will remain as "USNR." The Company has been informed that market makers are submitting price quotes and it expects shares to be fully quoted on or around Wednesday, March 15, 2006.
Credit Acceptance Corporation
Credit Acceptance Corporation Announces Preliminary Results of Its Modified Dutch Auction Tender Offer
SOUTHFIELD, Mich., March 14, 2006 (PRIMEZONE) -- Credit Acceptance Corporation (Pink Sheets:CACC) (the "Company") announced the preliminary results of its modified Dutch auction tender offer, which expired at 5:00 p.m. on March 13, 2006. The Company commenced the tender offer on February 10, 2006 to purchase up to 5,000,000 shares of its common stock at a price between $21.00 and $25.00 per share, net to the seller in cash, without interest. Georgeson Shareholder Communications, Inc. acted as information agent for the offer and Computershare Trust Company of New York acted as the depositary.
YIT Enters into Nordic Agreement with Telenor and Elisa
FORNEBU, Norway, March 14, 2006 (PRIMEZONE) -- Together with Finnish partner Elisa, Telenor has entered into an agreement with construction services group YIT for supply of Nordic communications solutions. For Telenor, the contract is worth an estimated NOK 100 million.
China PRnews Limited
Tixa Presented at the Third Annual Piper Jaffray China Internet and Technology Conference
BEIJING, March 14, 2006 (PRIMEZONE) -- Tixa Tech Group, China's leader in online contextual advertising, presented at the Third Annual Piper Jaffray China Internet and Technology Conference. The conference was held from February 28 to March 2, 2006 at the St. Regis Hotel in Beijing, China. Forrest Zhang, CEO and Chairman of Tixa, spoke on the panel of "The Advertising Market in China: From Billboards to Internet" on the second day of the conference.
Learning to Live in the Violent Society -- New Book by Former Member of Parliament Examines Terrorism in Today's World
LONDON, March 13, 2006 (PRIMEZONE) -- Daily news headlines offer proof that terrorism is a collective force to be reckoned with around the world. No longer are incidents viewed as singular coincidences; the post-September 11 environment is now largely engulfed by this web of hostility. Professor Eric Moonman, former member of British Parliament and a leading counterterrorism expert, presents his thoughts on this timely topic in his new book, Learning to Live in the Violent Society (now available through AuthorHouse).
The Pomerantz Firm Charges Micron Technologies Inc. With Securities Fraud -- MU
NEW YORK, March 13, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit in the United States District Court for the District of Idaho, against Micron Technology Inc. (NYSE:MU) and certain of its officers, on behalf of purchasers of the common stock of the Company during the period from February 24, 2001 to February 13, 2003, inclusive (the "Class Period"). The complaint alleges violations of Section 20(a) and Section 10(b) of The Exchange Act and Rule 10b-5.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Bausch & Lomb, Inc.
HARTFORD, Conn, March 13, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the publicly traded securities of Bausch & Lomb, Inc. ("Bausch & Lomb") or (the "Company") (NYSE:BOL) between January 27, 2005 and December 22, 2005, inclusive, (the "Class Period").