latest news releases from the newsroom
AuGRID Opens Dubai Office
CLEVELAND, May 26, 2005 (PRIMEZONE) -- AuGRID Corporation (Pink Sheets:AGRI) announces the opening of its offices in the United Arab Emirates (U.A.E.). As previously indicated in an earlier press release, AuGRID has successfully established the Dubai office and initiated the selection process of distributors and installers for its video and soon to be released audio products by Optipure (www.optipure.com).
Millicom International Cellular
Millicom Increases Ownership Of Celtel In Honduras
NEW YORK, STOCKHOLM and BERTRANGE, Luxembourg, May 26, 2005 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC) (Stockholmsborsen and Luxembourg Stock Exchange:MIC) today announces that it has acquired additional shares of its subsidiary Telefonica Celular S.A. ("Celtel") in Honduras from Motorola, Inc., bringing Millicom's ownership to two thirds of the total outstanding shares. Motorola is selling its entire equity stake in Celtel. The remaining Motorola stake in Celtel will be acquired by local minority shareholders.
Northrop Grumman Corp.
Northrop Grumman Statement on Decision to No-Bid Los Alamos National Laboratory Management Contract
MCLEAN, Va., May 26, 2005 -- Based upon its evaluation of the Los Alamos National Laboratory request for proposal, Northrop Grumman Corporation (NOC) has decided not to pursue the contract. The company continues to be committed to helping the U.S. Department of Energy achieve its overall objectives, but has determined that it can best provide that support through other key programs. The company is currently evaluating other future opportunities with the Department of Energy and looks forward to applying its world-class capabilities to meet the agency's specialized requirements.
Quanex Building Products Corporation
Quanex Fiscal Second Quarter 2005 Results
HOUSTON, May 26, 2005 (PRIMEZONE) -- Quanex Corporation (NYSE:NX) today reported record net sales and income from continuing operations for its fiscal second quarter. Diluted earnings per share from continuing operations of $1.95 set a new quarterly record and increased fourfold from the year ago quarter of $0.43. Diluted earnings per share were $1.93. The Company's return on invested capital was 16.5% compared to 8.3% in the year ago period.
Billy Martin's USA, Inc.
Billy Martin's USA Engages Joel P. Gayner and Group G Associates
NEW YORK, May 26, 2005 (PRIMEZONE) -- Billy Martin's USA, Inc. (Pink Sheets:BLYM)--the "born-and-bred" American retail brand known for its upscale "western lifestyle" apparel and accessory products--has announced the engagement of Joel P. Gayner and Group G Associates, a full-service marketing, merchandising, licensing and distribution organization.