latest news releases from the newsroom
Gridline Communications Holdings
Gridline Set to Introduce Broadband over Power Lines (BPL) Technology to Wall Street at Upcoming Venture Forum in New York
SUGAR LAND, Texas, Oct. 21, 2005 (PRIMEZONE) -- Gridline Communications Holdings Inc., a publicly-held Delaware corporation, announced today that the company has been selected to present its Broadband over Power Lines (BPL) technology business at the prestigious, invitation-only Private Equity XIV: National Venture Forum on November 16, 2005, in New York, NY. This event will allow Gridline to introduce itself and its cutting edge technology to a large, receptive audience of some of the most influential decision-makers in the business and venture capital world as well as a significant group of large private investors.
Sagient Research Systems
Sagient Research Announces Approval of Reverse Stock Split and Going Private Transaction
San Diego, Oct. 21, 2005 (PRIMEZONE) -- Sagient Research Systems, Inc. (OTCBB:SRYS), a leading publisher of independent research for financial services companies and institutional investors, today announced that the Company's Board of Directors, and a majority of its stockholders, have approved a 1-for-101 reverse stock split. Under the terms of the reverse stock split, each 101 shares of the Company's common stock will be converted into one share of common stock and holders of less than 101 shares of common stock prior to the reverse stock split will receive $0.12 per share. Following the reverse stock split, the Company will effect a 101-for-1 forward stock split so that the number of shares held by each holder of at least one share of common stock after the reverse stock split will ultimately be unchanged.
VioQuest Pharmaceuticals to Present at PIPEs Conference 2005 in New York City
MONMOUTH JUNCTION, N.J., Oct. 21, 2005 (PRIMEZONE) -- VioQuest Pharmaceuticals, Inc. (OTCBB:VQPH) has accepted an invitation to present at the 3rd Annual PIPEs Conference 2005 on October 26 and 27 at the Waldorf-Astoria Hotel in New York City. Daniel Greenleaf, VioQuest's President and CEO, will be making presentations at 11:00 AM and 2:00 PM EDT on Wednesday, October 26 and at 10:00 AM EDT on Thursday, October 27.
AarhusKarlshamn AB Press Release
STOCKHOLM, Sweden, Oct. 21, 2005 (PRIMEZONE) -- AarhusKarlshamn AB's (publ) ("AAK") public offer to the shareholders of Karlshamns AB (publ) ("Karlshamns") has, after the expiration of the extended acceptance period on 6 October 2005, been accepted by shareholders representing in total approximately 98,2% of the shares and votes in Karlshamns, calculated after full dilution of the remaining convertibles. Pursuant to Chapter 14, Section 31 of the Swedish Companies Act, AAK has the right to redeem the outstanding shares from the other shareholders of Karlshamns. AAK has resolved to exercise this right.
Changes in Volvo's Group Executive Committee
GOTEBORG, Sweden, Oct. 21, 2005 (PRIMEZONE) -- In connection with the retirement of Karl-Erling Trogen on December 1, Volvo's Senior VP and Chief Financial Officer Stefan Johnsson will assume responsibility for a number of Volvo's central business units. Stefan Johnsson, who remains a member of the Group Executive Committee, will also assume responsibility for the Volvo Group's HR function from Jorma Halonen, who will be focusing on the Group's international expansion. Par Ostberg, who is currently Senior VP, Finance at Renault Trucks, has been appointed the new Senior VP and Chief Financial Officer and member of Volvo's Group Executive Committee.