latest news releases from the newsroom
CORRECTION: Volvo Consolidated Cash-Flow Statement, Q1 2005
GOTEBORG, Sweden, April 29, 2005 (PRIMEZONE) -- In the Volvo Group's interim report for the first quarter of 2005, an adjustment for the new IFRS reporting standards related to cash flow was classified incorrectly as financial instead of operative. The incorrect classification had no effect on Volvo's consolidated income statement or balance sheet, nor did it affect Volvo's financial position.
Scania's Innovations Get to Customers More Quickly
SODERTALJE, Sweden, April 29, 2005 (PRIMEZONE) -- The era of major product launches is over. Instead, the way ahead is rolling introductions. This means that continuous changes and improvements are made during ongoing production so that each new Scania is a little better than the one before.
Wolverine Tube Inc.
Wolverine Tube Reports First Quarter Results
HUNTSVILLE, Ala., April 29, 2005 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) today reported results for the first quarter ended April 3, 2005. Net loss for the first quarter of 2005 was $2.5 million or $0.17 per share, versus net income of $1.4 million, or $0.11 per diluted share ($1.8 million or $0.14 per diluted share excluding restructuring charges) in the first quarter of 2004. Included in this net loss was a $521 thousand tax charge related to the repatriation of $10.2 million from China. Excluding this charge, the net loss would have been $2.0 million or $0.13 per share. Net sales for the first quarter of 2005 were $213.5 million, a 3.7 percent increase over the first quarter of 2004. The increase in net sales is primarily attributable to the rise in COMEX copper prices, partly offset by reduced volumes. COMEX copper prices averaged $1.47 per pound in the first quarter of 2005 compared to $1.23 per pound in the first quarter of 2004. Total pounds of product shipped were 83.8 million pounds, a decrease of 10.3 percent from last year's first quarter. Gross profit for the first quarter of 2005 was to $10.1 million as compared to $17.5 million in the first quarter of 2004.
Capital Research Group, Inc
TheSUBWAY.com Announces its Stock Market Standouts List for Friday, April 29, 2005: KNGS, DELL, JNPR, GOOG
WESTON, Fla., April 29, 2005 (PRIMEZONE) -- TheSUBWAY.com announces the following stocks to its Stock Market Standouts List: Kingsley Coach, Inc. (OTCBB:KNGS), Dell Inc. (Nasdaq:DELL), Juniper Networks Inc. (Nasdaq:JNPR), Google Inc. (Nasdaq:GOOG).
AngelCiti Entertainment, Inc.
AngelCiti's Software Obtains Certification
PEMBROKE PINES, Fla., April 29, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software company, announced today that Technical Systems Testing (TST), an internationally recognized accredited testing facility, whose esteemed client roster includes International Game Technology (IGT), Aristocrat, Mikohn and the Michigan, Massachusetts, D.C., and Ontario Lotteries--to name a few--has certified that the Random Number Generator (RNG) used in the AngelCiti-licensed software is deemed to be fair and random.
Capital Research Group, Inc
Early Stock Market Alerts for Friday, April 29, 2005: KNGS, QCOM, CSCO, KLAC
WESTON, Fla., April 29, 2005 (PRIMEZONE) -- TheSUBWAY.com names the following stocks to its Stock Alerts List: Kingsley Coach, Inc. (OTCBB:KNGS), QUALCOMM Incorporated (Nasdaq:QCOM), Cisco Systems Inc. (Nasdaq:CSCO), KLA-Tencor Corporation (Nasdaq:KLAC).