latest news releases from the newsroom
Flint Telecom Group, Inc.
Semotus Reports First Quarter Financial Results
LOS GATOS, Calif., Aug. 9, 2004 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), an innovative provider of real-time professional market data and intelligent wireless communications software, reported its financial results for the three months ended June 30, 2004. The Company's focus on marketing and sales was reflected in a 25% increase in revenues to $440,574 in the quarter ended June 30, 2004 versus $353,662, in the quarter ending June 30th 2003. The revenue increase is the result of a recovering technology economy with increased IT purchases and the result of the Company having increased its sales force. Semotus also reduced its cash burn from operations by 76%. Gross profit margin increased to 84% for the three months ended June 30, 2004.
Horizon Offshore Inc.
Horizon Offshore Reports Second Quarter Results
HOUSTON, Aug. 9, 2004 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) reported a net loss for the quarter ended June 30, 2004 of $(16.2) million, or $(0.60) per share-diluted. This compares with a net loss of $(4.1) million, or $(0.15) per share-diluted, for the second quarter of 2003.
Hexagon Acquires Italian Wheel Manufacturer
NACKA STRAND, Sweden, Aug. 9, 2004 (PRIMEZONE) -- Hexagon has acquired all operating assets, including the order back log, from the Italian wheels manufacturer GPD Sprl. The acquired sales turn over amounts to approx. 2 MEUR.
Gunnebo installs security at Nordic ports for MEUR 3.3
STOCKHOLM, Sweden, Aug. 9, 2004 (PRIMEZONE) -- Following a radical tightening of the security requirements for commercial ports, and within the framework of ISPS (International Standards of Port Security) and national parliamentary decisions, Gunnebo Perimeter Protection has so far this year signed orders for outdoor perimeter protection and access control systems for no fewer than 40 ports in Sweden, Norway, Denmark and Finland.
Finnveden wins new business
VARNAMO, Sweden, Aug. 9, 2004 (PRIMEZONE) -- Finnveden's successes in the automotive industry continue. Several new contracts have been signed and combined with orders received earlier this year sales are projected within a three-year period to rise by SEK 1 billion. The sales increases will occur successively as of 2005.
Skanska Completes Sale of Shares in Gammon
STOCKHOLM, Sweden, Aug. 9, 2004 (PRIMEZONE) -- Skanska and UK construction company Balfour Beatty have signed a binding agreement on the sale and acquisition of Skanska's shareholding in Hong Kong-based construction company Gammon Skanska, whose name is being changed to Gammon Construction Limited.