latest news releases from the newsroom
Sandvik Product Areas Titex and Prototyp will be combined
SANDVIKEN, Sweden, March 21, 2005 (PRIMEZONE) -- Titex and Prototyp, both leading cutting-tool product areas within the business area Sandvik Tooling, will be combined into one organization. Titex and Prototyp will continue to exist as brands within the new product area.
Metro Goes National in Italy
BERTRANGE, Luxembourg, March 21, 2005 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that it has launched five new editions in Italy to cover the additional cities of Bologna, Florence, Genoa, Turin, Verona and Padua. With the new editions the number of printed copies in Italy increases to 850,000 each day, establishing Metro as the highest-circulation daily newspaper in Italy.
Trelleborg Group Reduces Financing Costs and Extends Loan Maturity Profile
STOCKHOLM, Sweden, March 21, 2005 (PRIMEZONE) -- The Trelleborg Group has strengthened its long-term financing by raising a new syndicated loan with a counter value of EUR 1,200 M (approximately SEK 10.9 billion) stretching over a five-year period with possibility to extend a further two years. The financing was significantly oversubscribed and the loan was increased from the original EUR 1,100 M to EUR 1,200 M. The new facility shall refinance Trelleborg's existing USD 600 million facility of June 2002 and EUR 540 million facility of October 2003. The Facility is divided into two tranches of EUR 750 million and USD 600 million. The Facility margin at present gearing is 0,275% and the commitment fee 0.09%.
Wolseley -- Video Interviews with CEO and FD
WORCESTERSHIRE, U.K., March 21, 2005 (PRIMEZONE) -- Wolseley - interim results. Indepth interviews available now on www.cantos.com with Charles Banks, Group CEO and Steve Webster, Group FD (LSE:WOS).
Trintech Group Plc
Trintech Offers ReconNET Product and Consulting Services to Facilitate Sarbanes-Oxley Documentation of Reconciliation
DALLAS and DUBLIN, Ireland, March 21, 2005 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the availability of a new User Access Report to support ongoing Sarbanes-Oxley Section 404 documentation requirements for internal controls. The new ReconNET User Access Report enables companies to proactively analyze their user access controls and facilitate their efforts to document financial processes to comply with recurring Sarbanes-Oxley audit requirements.
Murray, Frank & Sailer LLP
Investor Notice: Murray, Frank & Sailer LLP Has Filed a Shareholder Class Action Against Sierra Wireless, Inc. -- SWIR
NEW YORK, March 18, 2005 (PRIMEZONE) -- Murray, Frank & Sailer LLP has filed a class action lawsuit on behalf of shareholders who purchased or otherwise acquired the securities of Sierra Wireless, Inc. ("Sierra Wireless" or the "Company") (Nasdaq:SWIR) between January 28, 2004 and January 26, 2005, inclusive (the "Class Period").
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP, Representing Shareholders of Pharmos Corporation, Announces Update to Shareholder Lawsuit -- PARS
LOS ANGELES, March 18, 2005 (PRIMEZONE) -- Glancy Binkow & Goldberg LLP -- representing shareholders of Pharmos Corporation -- announces 7 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who acquired securities of Pharmos Corporation ("Pharmos" or the "Company") (Nasdaq:PARS) between August 23, 2004 and December 20, 2004, inclusive (the "Class Period"), may move the Court not later than March 25, 2005, to serve as lead plaintiff, however, you must meet certain legal requirements.