latest news releases from the newsroom
Montana Oil & Gas, Inc.
Montana Oil and Gas, Inc. Announces Project Description and Discussion
VANCOUVER, British Columbia, Feb. 2, 2005 (PRIMEZONE) -- Montana Oil and Gas Inc. (Pink Sheets:MOGI) would like to present the following project description with regards to our Sylvan lake oil and gas lease. Peter Sanders, Montana Oil and Gas President noted, "After overwhelming curiosity from shareholders and potential shareholders concerning the Sylvan Lake area, and how the company's partners came to acquire such coveted land, I am happy to be able to present this project description in great detail."
CyBio and CLONDIAG Sign Outline Agreement for Delivery
JENA, Germany, Feb. 2, 2005 (PRIMEZONE) -- At the beginning of this year CyBio and CLONDIAG chip technologies GmbH signed a long term contract for the production and marketing of automatic pipetting and analyzing instruments (CLONDIAG ArrayStripProcessor -- ASP) for routine diagnostics.
DSM completes acquisition of NeoResins from Avecia
HEERLEN, The Netherlands, Feb. 2, 2005 (PRIMEZONE) -- Today Royal DSM N.V. completed the acquisition of NeoResins, the coating resins business of Avecia. The intention of this acquisition was announced on 14 December 2004. Necessary approvals have been obtained from the relevant authorities. The acquisition fits perfectly in DSM's strategy and means a substantial strengthening of DSM's coating resins business, part of the company's Performance Materials cluster.DSM has paid Avecia a transaction price of EUR 515 million in cash. The transaction comprises the entire NeoResins business on a cash and debt free basis. NeoResins' sales in 2004 were around EUR 270 million with an EBITDA of approximately EUR 52 million. The company employs 635 people. The acquisition will be earnings per share enhancing as of year one.
Enercorp Management Wins Proxy Fight
FARMINGTON HILLS, Mich., Feb. 1, 2005 (PRIMEZONE) -- "Shareholders of Enercorp, Inc. (Pink Sheets:ENCP) today endured a six-hour, sometimes contentious, 2004 Annual Meeting of Shareholders at its corporate headquarters in Farmington Hills, Michigan before Management prevailed over a Dissident Stockholder from Florida," reported James C. Sargent, Chairman of the Board of Directors.
Yantai Dahua Holdings Company Limited
Yantai Dahua Holdings Approves Debt Financing for Plant Expansion
EAST OF MUPONG, YANTAI, SHANDONG, People's Republic of China, Feb. 1, 2005 (PRIMEZONE) -- Yantai Dahua Holdings Company Limited (OTCBB:YDHCF) announced today that the board of directors has approved a private placement offering to accredited investors to raise up to $8 million in the form of secured convertible debentures. The proceeds from the debenture offering will be used to finance a new plant facility and production equipment for specialty thin paper products. The new plant and equipment is expected to increase overall annual production capacity from 28,000 tons to 36,000 tons of paper. The specialty thin paper products will allow Yantai to offer a premium, high-end product to its customers.