latest news releases from the newsroom
Flamemaster Reports Earnings For Fiscal Year and 4th Quarter Ended September 30, 2004
SUN VALLEY, Calif., Dec. 17, 2004 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) reported net income of $504,452 on revenues of $5,035,797 for the year ended September 30, 2004. In the previous year earnings were $538,519 on revenues of $5,097,852. Per share results were $.30 fully diluted in 2004 vs. $.31 fully diluted in 2003.
ASTRAZENECA -- Video Interviews with Senior Directors
LONDON, Dec. 17, 2004 (PRIMEZONE) -- ASTRAZENECA -- Iressa update. Indepth interviews available now on www.cantos.com with Sir Tom McKillop, CEO, AstraZeneca (LSE:AZN); Dr Alan Barge, Medical Director for Iressa and Dr John Patterson, Executive Director for Development.
UTi Worldwide Announces Pricing of Public Offering of Shares for Uniserv's Monetization Transactions
RANCHO DOMINGUEZ, Calif., Dec. 17, 2004 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) ("UTi Worldwide"), an international, non-asset based global integrated logistics company, announced today the pricing at $65.00 per ordinary share of the previously announced underwritten offering of 5,743,000 UTi Worldwide ordinary shares in connection with monetization transactions being conducted by United Service Technologies Limited ("Uniserv"), UTi Worldwide's largest shareholder. The underwriters have been granted an option to purchase up to 861,000 additional shares to cover over-allotments.
Telelogic Signs $1.2 Million License Contract with Leading American Defense/Aerospace Company
MALMO, Sweden, Dec. 17, 2004 (PRIMEZONE) -- Telelogic, (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a $1.2 Million license and maintenance agreement with a leading American producer of jet engines for commercial and military aircraft. The company is a world leader in the provision of aircraft engines.
Autoliv to Fully Own Leading China Airbag Company
STOCKHOLM, Sweden, Dec. 17, 2004 (PRIMEZONE) -- Autoliv Inc. (NYSE:ALV), the worldwide leader in automotive safety systems, has completed an agreement to purchase the outstanding 40% shareholding in its Chinese airbag company, Autoliv (Shanghai) Vehicle Safety Systems, which will now become a wholly owned Autoliv subsidiary. The deal to purchase the remaining shares from the partner Shanghai Shengsheng is subject to approval by local authorities and anticipated to be complete in January 2005.
Volvo Aero Signs its Largest Commercial Aircraft Engine Contract Ever
GOTEBORG, Sweden, Dec. 17, 2004 (PRIMEZONE) -- Volvo Aero and General Electric Company have signed an agreement whereby Volvo Aero will be responsible for the design and manufacture of three major components for the new GEnx engine. Volvo Aero will make its largest investment ever in a new commercial aircraft engine program. Volvo Aero anticipates revenue in the range of SEK 20 billion if projected sales estimates are achieved. The GEnx Engine will power the new Boeing 7E7 Dreamliner and the new Airbus A350 aircraft.
Sales success for Scania's Euro 4 engines
SODERTALJE, Sweden, Dec. 17, 2004 (PRIMEZONE) -- Scania is the first heavy truck maker to deliver trucks fitted with engines with lower environmental impact, meeting the emission standard valid from 1 October 2005 (Euro 4). Since the start of production in September, Scania has received orders for more than 1,000 trucks. Trucks with Euro 4 engines are favoured by lower road fees in countries like Germany, Austria and Switzerland.
Carnegie and Max Matthiessen enter Cooperation
STOCKHOLM, Sweden, Dec. 17, 2004 (PRIMEZONE) -- Carnegie and Max Matthiessen have entered an exclusive co-operation agreement regarding pension and insurance advice. Carnegie's pension and insurance advice service through Carnegie Pension Consulting AB will be taken over by Max Matthiessen and Carnegie's fund management products -- own as well as externally supplied -- will be offered to Max Matthiessen's 135,000 clients.