latest news releases from the newsroom
Sun New Media Inc.
Sun New Media to Acquire Leading China Mobile Media Services Provider
DIAMOND BAR, Calif., Dec. 8, 2005 (PRIMEZONE) -- Sun New Media Inc. (OTCBB:SNMD) ("SNMI") today announced that it has finalized an agreement to acquire Telefaith Holdings Limited ("Telefaith"), the parent company of Shengji Information Technology Ltd ("Shengji"), one of China's leading providers of mobile media services. The acquisition will fortify SNMI's growing presence in China's booming mobile media services market, giving SNMI's content providers, marketers, and business clients another critical channel for communicating with key Chinese consumers and businesses.
Captain D's Seafood
Captain D's Seafood Restaurants to Open First International Unit in Trinidad; up to 17 Planned
NASHVILLE, Tenn., Dec. 8, 2005 (PRIMEZONE) -- Captain D's Seafood, the 35-year-old pioneer in the seafood restaurant fast-casual category, will open its first international operation in Trinidad in Latin America in December. The restaurant marks the first of a three-unit commitment planned for Trinidad by Pizza Boys Group of Companies, (PBGC) based in San Juan, Trinidad, a 20-year food service operator in Trinidad and Tobago, located near Venezuela. PBGC has options for a total of 17 Captain D's restaurants in the area.
Industrivarden to Play a Part in Skanska's Long-term Share Incentive Program
STOCKHOLM, Sweden, Dec. 08, 2005 (PRIMEZONE) -- Industrivarden plans to subscribe for shares in a directed new issue by Skanska and thereafter to re-sell the subscribed shares to Skanska and thereby contribute to the implementation of Skanska's share incentive program for senior executives. This involvement is a natural part of Industrivarden's work as an active owner in supporting its portfolio companies in strategic matters.
Issue and Repurchase of Shares for Skanska Share Incentive Program
STOCKHOLM, Sweden, Dec. 08, 2005 (PRIMEZONE) -- A three-year Share Incentive Program was decided at Skanska's Annual Shareholders' Meeting on April 7, 2005. On the condition that certain financial and qualitative goals are achieved, employees covered by the program can receive Series B shares in the Company. Any allotment of B shares in accordance with the program will be made not earlier than in 2009, 2010 and 2011.