latest news releases from the newsroom
Boliden Establishes a Commercial Paper Program
STOCKHOLM, Sweden, April 5, 2005 (PRIMEZONE) -- Boliden has established a commercial paper program. Through the CP-program Boliden can issue up to SEK 1.5 billion. The maximum tenor of the commercial papers is 12 months.
TalkingStocks.com Issues a Profile Report on DirectView, Inc.
DALLAS, April 5, 2005 (PRIMEZONE) -- TalkingStocks.com has issued a Profile Report on DirectView, Inc. (OTCBB:DRVW). The report, authored by TalkingStocks.com Investment Analyst Shailesh Dhuri, CFA, discusses the company and the market. There is also discussion of the recent increases in oil prices. Specifically discussed is how oil prices may prove to be a strong growth driver for the videoconferencing industry. Mr. Dhuri suggests, "Wall Street analysts recently predicted that crude oil may go as high $100, from current levels of $57-58. If these startling predictions come true, the cost of travel by any mode will be affected, forcing more companies to adopt videoconferencing as an alternative to travel."
Volvo Aero Services and Republic Financial Corporation Develop Strategic Alliance
GOTEBORG, Sweden, April 5, 2005 (PRIMEZONE) -- Volvo Aero Services and Republic Financial Corporation and have announced the purchase of a 737-300 airplane and spare engine from BTM Capital Corporation. The deal is the beginning of a strategic relationship between Republic and Volvo Aero Services in the quest for similar transactions. Volvo Aero Leasing is providing the funding for the purchase. The airplane and engine are currently on lease to Delta Air Lines for the next one and a half years.
Tacit Networks Announces Expansion of European Operations
SOUTH PLAINFIELD, N.J., April 5, 2005 (PRIMEZONE) -- Tacit Networks, the leader in enterprise-wide remote office IT solutions, today announced the appointment of Nick Smyth as General Manager of European Operations. In this role, Mr. Smyth will manage Tacit Networks' European headquarters located in the UK and will be responsible for driving expanded market penetration of the company's industry-leading Wide Area File Services (WAFS) and remote IT services infrastructure solutions. Mr. Smyth will leverage the company's established European install base which currently includes numerous Global 2000 users in countries such as Germany, Denmark, France, and the United Kingdom. As such, Mr. Smyth will be responsible for expanding the company's network of channels and alliances throughout Europe. Mr. Smyth comes to Tacit Networks with over 30 years in the storage and information technology marketplace, most recently as Director, Strategic Alliances for CNT International.
Thailand Futures Exchange Selects OMX for New Trading and Clearing Platform
STOCKHOLM, Sweden, April 5, 2005 (PRIMEZONE) -- The Thailand Futures Exchange (TFEX) and OMX Technology (OMX) today signed an agreement for the use of CLICK Trade -- the order entry system, CLICK XT(tm) and SECUR(tm) as a new integrated trading and clearing platform for its derivatives products. The agreement includes license, project implementation and support of the system for five years. The project implementation was scheduled to commence already in March.
Skanska to Construct Laboratory in Michigan for SEK 308 M (USD 43.3 M)
STOCKHOLM, Sweden, April 5, 2005 (PRIMEZONE) -- Skanska has been selected to provide construction management services for a large pharmaceutical building program in Michigan, U.S., for one of its repeat customers within the pharmaceutical sector. The contract value is SEK 308 M (USD 43.3 M) and is included in order bookings for the first quarter of 2005.
MTG: Management Change at Strix Television
STOCKHOLM, Sweden, April 5, 2005 (PRIMEZONE) -- Modern Times Group MTG AB, the international entertainment-broadcasting group, today announced that Anna Carrfors Brakenhielm will step down from her role as Managing Director of Strix Television and join the Board of Directors of the Company as Chairman with effect from 1 July 2005. Robert Aschberg, one of the founders of Strix and currently a working member of the Board, will take over as the acting Managing Director of the business until a replacement for Anna is appointed.
MTG Increases Shareholding in BET24 Holding Company to 51%
STOCKHOLM, Sweden, April 5, 2005 (PRIMEZONE) -- Modern Times Group MTG AB, the international entertainment-broadcasting group, today announced that it has increased its shareholding in the company that operates the BET24 online betting and gaming businesses to 51%, for an undisclosed consideration. MTG will therefore consolidate the results of Nordic Betting Limited as an operating subsidiary with effect from the second quarter of 2005. MTG previously owned a 19.9% equity stake in the Company, and retains further options to increase its ownership in Nordic Betting Limited in the future. The Company's founders and management own the remaining 49% of the equity.