latest news releases from the newsroom
Kinnevik: Administrative Court of Appeal Issues Ruling in Tax Cases
STOCKHOLM, Sweden, May 31, 2005 (PRIMEZONE) -- Investment AB Kinnevik ("Kinnevik") announced today that the Administrative Court of Appeal has issued a ruling on a number of tax disputes against the company. Of the two main disputes, The Administrative Court of Appeal ruled in Kinnevik's favour in one and against Kinnevik in the other. The net effect of the ruling is that the Group's earnings in the second quarter of 2005 will be charged with SEK 116 million in tax expenses.
Crucell NV Options Listed on Chicago Board Options Exchange
LEIDEN, Netherlands, May 31, 2005 (PRIMEZONE) -- Options for Dutch biotechnology company Crucell N.V. (Euronext:CRXL) (Nasdaq:CRXL) have been listed on the Chicago Board Options Exchange (CBOE), the world's largest options marketplace. Trading in the options on Crucell's American Depository Receipts (ADRs) started May 19, 2005.
Delhaize Groupe Completes Cash Fresh Acquisition
BRUSSELS, Belgium, May 31, 2005 (PRIMEZONE) -- Delhaize Group (Euronext Brussels:DELB) (NYSE:DEG), the Belgian international food retailer, announced today that it has completed the earlier announced acquisition of Cash Fresh in Belgium, after unconditional approval by the Belgian antitrust authorities. Cash Fresh is a profitable chain of 43 supermarkets mainly in northeastern Belgium.
Trintech Group Plc
Trintech's Annual ReconNET Customer Conference Expands Business Perspectives 'Beyond Reconciliation'
DUBLIN, Ireland and DALLAS, May 31, 2005 (PRIMEZONE) -- Trintech (Nasdaq:TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the successful conclusion of its ninth annual U.S.-based Trintech ReconNET Customer Conference, and the debut of its first customer conference in the U.K. More than 200 delegates attended, including accounting and treasury professionals in leading retail, utility, hospitality, dining, services, government and financial institutions gathered at the two events, held May 9-12 in Phoenix, Arizona and May 26 in London, the U.K.
AngelCiti Entertainment, Inc.
AngelCiti Surpasses $130 Million in Wagers
PEMBROKE PINES, Fla., May 31, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software company, announced today that it has reached another corporate milestone in surpassing $130 million wagered using the company's software since inception 3 years ago.
AB Lindex Wins Tax Case
STOCKHOLM, Sweden, May 30, 2005 (PRIMEZONE) -- AB Lindex has won a tax case in the County Administrative Court relating to the income tax assessments for the fiscal years 2003 and 2004 regarding tax deduction for losses in Lindex's German operation. The judgement means that Lindex is granted permission to make a deduction for Group contributions amounting to SEK 177M. The tax authority has the option to appeal the decision.
Atlantis Business Development Corporation, Inc.
Atlantis Business Development Corporation Subsidiary, 727 Communications, Generates Revenues
MIAMI, May 30, 2005 (PRIMEZONE) -- Atlantis Business Development Corporation, Inc. (OTCBB:ABDE) announced today that 727 Communications, a wholly-owned subsidiary, has generated over $150,000 in revenue during the first weeks of operation. This two-week revenue figure indicates that the initial projected revenue of $3,220,800 during the first year of operation is indeed a reality. CEO Chris Dubeau believes 727 will exceed those expectations easily.
Allied Irish Banks, p.l.c.
AIB Group Chief Executive Michael Buckley Announces Retirement Date
DUBLIN, Ireland, May 30, 2005 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB). Earlier this year Michael Buckley indicated that the length of the handover period between him and the new Chief Executive would depend on whether an internal or external candidate was selected.The appointment of Eugene Sheehy, who has over thirty years experience in a variety of roles with AIB, means that a lengthy transition is not necessary and Michael Buckley has, therefore, decided to retire as Chief Executive at the end of June this year. At the request of Mr Sheehy, Mr Buckley will continue as AIB's representative on the Board of M & T Bank until April 2006.