latest news releases from the newsroom
Capital Research Group, Inc
TheSUBWAY.com Announces Its Stock Market Standouts List for Thursday, December 23, 2004: DGTL, CPWR, ORCL, PMCS
WESTON, Fla., Dec. 23, 2004 (PRIMEZONE) -- TheSUBWAY.com announces the following stocks to its Stock Market Standouts List: Digital Learning Management Corporation (OTCBB:DGTL), Compuware Corporation (Nasdaq:CPWR), Oracle Corporation (Nasdaq:ORCL), PMC-Sierra Inc. (Nasdaq:PMCS).
Tele2 Will Appeal Local Tax Authority's Decision Regarding Tele2's Valuation of SEC
NEW YORK and STOCKHOLM, Sweden, Dec. 23, 2004 (PRIMEZONE) -- Tele2 AB, ("Tele2"), (Nasdaq:TLTOA) (Nasdaq:TLTOB) and (Stockholmsborsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that the local Swedish tax authority has repeated its decision to change Tele2's taxation for the fiscal year 2001. Tele2 is still convinced the requested deduction will be approved and intends to appeal the decision to the County Administrative Court.
ProtoKinetix Synthesized AFGPs Test Stable In Acidic Media
VANCOUVER, British Columbia, Dec. 23, 2004 (PRIMEZONE) -- ProtoKinetix, Inc. (OTCBB:PKTX) is pleased to announce that the first series of antifreeze glycoprotein (AFGP) compounds synthesized with the patented technology acquired from INSA-Rouen has shown great stability in acidic media. In naturally occurring AFGP, the sugar bond is very unstable in an acidic environment. The lack of stability and the prohibitive cost of extraction and purification of natural AFGPs have restricted its potential commercialization.
Brostrom's Major Owners In A New Structure
STOCKHOLM, Sweden, Dec. 23, 2004 (PRIMEZONE) -- Shipinvest Intressenter sells Brostrom shares to its shareholders. Shipinvest Intressenter AB has as its only assignment to own and administer shares in Brostrom AB. The company's holding represents 10.8 per cent of the capital and 28.1 per cent of the votes. The shareholders in Shipinvest Intressenter also have considerable direct holdings in Brostrom. An agreement has been reached that all Brostrom shares owned by Shipinvest Intressenter up to now will be transferred to the shareholders in Shipinvest Intressenter in proportion to their shareholding in this company. The acquisitions cover in total 1,158,461 A shares and 2,013,768 B shares in Brostrom.
Ahold agrees to sell BI-LO and Bruno's to Lone Star Funds
ZAANDAM, The Netherlands, Dec. 23, 2004 (PRIMEZONE) -- Ahold today announced it has entered into an agreement to sell its U.S. retail subsidiaries BI-LO and Bruno's to an affiliate of the Lone Star Funds for total cash proceeds of up to USD 660 million. BI-LO and Bruno's will retain all of their debt obligations and other liabilities including capitalized lease obligations, although Ahold may be contingently liable under existing guarantees in respect of a portion of such capitalized lease obligations.
Jukka Ruuska to Leave Role of Deputy CEO of OMX
STOCKHOLM, Sweden, Dec. 23, 2004 (PRIMEZONE) -- Jukka Ruuska, President of the OMX Exchanges division and as of January 1, 2005, also President of the Stockholm Stock Exchange, has decided to temporarily leave his position as Executive Vice President and deputy CEO of OMX. No new deputy CEO will be appointed.
AB Volvo announces repurchase of 400,000 B shares
GOTEBORG, Sweden, Dec. 23, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Wednesday, December 22, acquired 400,000 series B shares. The shares were traded between SEK 265.00 and 268.50 with an average price of SEK 266.51.
Power Technology Inc.
Power Technology Enters into Settlement Discussions in Patent Dispute with Alvin Snaper
HOUSTON, Dec. 22, 2004 (PRIMEZONE) -- Power Technology (OTCBB:PWTC) announced today that the Company is engaged in settlement negotiations with Alvin Snaper to resolve the patent ownership litigation. The Court has ordered that the trial of this lawsuit be commenced on January 31, 2005. The Company cannot assure shareholders that these settlement negotiations will result in a successful conclusion of the litigation. Bernard J. Walter, Chairman and CEO of Power Technology stated, "While we are confident of our legal position in the litigation against Alvin Snaper, the time and effort necessary to prepare for and try the case distracts us from our primary mission of commercializing the Company's battery technology. Regardless of the outcome of these negotiations, shareholders may be assured we will continue to act in their best interests in this matter."