latest news releases from the newsroom
Orascom Construction Industries, S.A.E.
Orascom Construction Industries, S.A.E. Announces OCI To Add New Capacity
CAIRO, Egypt, Nov. 29, 2004 (PRIMEZONE) -- Orascom Construction Industries (stock symbols: OCIC.CA / ORCI EY / OCICq.L / ORSD LI) announced that the Kurdistan Regional Government has awarded an OCI consortium a 12-year lease contract for the Tasluja cement plant located near Suleimaniyah City in the Kurdistan Region of Iraq. The OCI consortium includes the Farouk Rasool Group, a prominent Kurdish industrial group and the largest shareholder in Asia-Cell, a regional provider of mobile phone services in northern Iraq. The Office of the Prime Minister of the Kurdistan Regional Government chose the OCI consortium based on our "financial and technical capabilities and experience in implementing similar projects and due to the strategic importance of the plant for producing cement which is of vital importance for the reconstruction process of Kurdistan." Under the terms of the lease contract, the OCI consortium will be responsible for the rehabilitation, operation and maintenance of the Tasluja cement plant and will receive a right of first refusal on any potential privatization of the plant.
Atlantis Business Development Corporation, Inc.
Atlantis Business Development Corporation Announces Share Consolidation
RED BANK, N.J., Nov. 26, 2004 (PRIMEZONE) -- Atlantis Business Development Corporation (OTCBB:ATBD) announced today that it has effectuated a 1 for 100 Reverse Stock Split. Pursuant to this Reverse Stock Split shareholders will receive one share of common stock for every one hundred shares of common stock held of record. Any fractional shares resulting from this reverse split will be rounded off to the next whole share. Approved by Atlantis' Board of Directors on November 18, 2004, this share consolidation becomes effective today.
Administrative Decision Against Boliden's Spanish Subsidiary
STOCKHOLM, Sweden, Nov. 26, 2004 (PRIMEZONE) -- The administrative Supreme Court of Spain has rendered a final decision dismissing Apirsa's appeal against the administrative decision of the Spanish Ministry of Environment imposing a liability on Apirsa in the amount of EUR 45 million in connection with the 1998 tailings dam breach in Los Frailes, Spain.
Spirent plc Elimination of Deficit in Distributable Reserves
LONDON, Nov. 26, 2004 (PRIMEZONE) -- Spirent plc (LSE:SPT) (NYSE:SPM), a leading communications technology company, today announces that the Company has been granted an order of the High Court dated 24 November 2004 (the 'Order') confirming the cancellation of the share premium account and capital redemption reserve (the 'Cancellation').
Public Company Management Corporation
Public Company Management Corporation Establishes Advisory Board
LAS VEGAS, Nov. 26, 2004 (PRIMEZONE) -- Public Company Management Corporation (OTCBB:PUBC) today announced the establishment of an advisory board that will interject the expertise and intelligence of several professionals that collectively constitute decades of experience in the financial services and U.S. Capital Markets arena. The advisory board was formed to enlist the services of experienced, proven individuals to provide business guidance to PUBC, aid in corporate governance objectives, and supplement the corporate board of directors via a cost-effective channel.