latest news releases from the newsroom
Volvo Buses has won an order for 100 Volvo B7R bus chassis for South Africa
GOTEBORG, Sweden, Nov. 13, 2003 (PRIMEZONE) -- Volvo Buses has won an order for 100 Volvo B7R bus chassis for South Africa. The order is a breakthrough for Volvo Buses on the South African market. The customer is Remant/Alton Land Transport (PTY) Ltd., and the buses will be used for public transport services in and around Durban on the east coast of South Africa.
Celltech Group plc
Celltech Group plc -- Update on CDP 870 Clinical Development Programme
SLOUGH, U.K., Nov. 13, 2003 (PRIMEZONE) -- Celltech Group plc (LSE:CCH) (NYSE:CLL) today announced an update on the clinical development programme for CDP 870, its PEGylated anti-TNF-alpha antibody fragment being developed in collaboration with Pfizer as a new treatment for Crohn's disease and rheumatoid arthritis (RA). In Crohn's disease, where Celltech is responsible for CDP 870 development activities, a large Phase III clinical trial programme will be initiated in the next two weeks. In RA, two large Phase III clinical studies are ongoing and Pfizer has notified Celltech that Pfizer plans to postpone the initiation of remaining Phase III clinical trials pending the results of these two ongoing studies. This will result in a consequent delay in the RA development programme. Pfizer also has notified Celltech of its desire to renegotiate the financial terms of its collaboration with Celltech, originally established with Pharmacia in March 2001.
Global Diversified Industries, Inc.
Global Diversified Industries, Inc Announces Profit, Increased Earnings with Momentum Into 2004
CHOWCHILLA, Calif., Nov. 13, 2003 (PRIMEZONE) -- Global Diversified Industries, Inc. (OTCBB:GDVI) is pleased to announce, as a result of the year to date successes of its wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc., the companies plan to end 2003 with a backlog of projects, therefore, positioned to enter 2004 with a busy work load. Generated approximately $1,500,000.00 in sales revenue during the second quarter ended October 31, 2003, a 63% increase compared to the previous quarter ending July 31, 2003. Wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc. combined, have realized a profit from its first quarter production and site work efforts.
Renegade Venture Corporation
Renegade Venture Announces Third Quarter 2003 Results and Continued Revenue Growth
TUCSON, Ariz., Nov. 13, 2003 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation (OTCBB:RDVN) today announced its consolidated operating results for Renegade and its wholly owned subsidiary, Hamilton Aerospace Technologies, Inc., for the third quarter of 2003, in advance of its quarterly report, which it expects to file today. All commercial operations are conducted in Hamilton Aerospace, whose revenues consist primarily of revenues received for maintenance, repair, overhaul and modification (MROM) services to large commercial jet aircraft and sales of materials consumed while providing services.
Tekron, Inc. Announces Partnering of the Technology of Biovirus to Advance the Genomic Computational Analysis Platform
FT. LAUDERDALE, Fla., Nov. 13, 2003 (PRIMEZONE) -- Tekron, Inc. (OTCBB:TKRN) is proceeding to partner and negotiate licensing for the products and technology platform of Biovirus. Biovirus is using its proprietary mathematical technology platform and immunologic expertise to build a library of novel, synthetic antigens because it believes that such antigens will be the key active component(s) of future preventative and therapeutic vaccine products. Biovirus is further committed to partnering with innovative developers and marketers of pharmaceutical and diagnostic products with the goal of making its products available to patients around the world. The Company's principal offices are located in Reno, Nevada.
Lansforsakringar continues to grow in banking and insurance
STOCKHOLM, Sweden, Nov. 13, 2003 (PRIMEZONE) -- Lansforsakringar: As shown in the quarterly statistics for the third quarter of 2003 released by the Association of Swedish Insurance Companies, Lansforsakringar's market share in non-life insurance rose by 1.3 percentage points to 30.3%. The market share in life assurance measured in new sales rose by 1.4 percentage points to 10.8%. Lansforsakringar's banking operations also continue to grow. The market share in deposits increased during the period September 2002 to September 2003 from 2.5% to 2.8%.
Horizon Offshore Inc.
Horizon Offshore Reports Third Quarter Results
HOUSTON, Nov. 13, 2003 (PRIMEZONE) -- Horizon Offshore, Inc. (NASDAQ:HOFF) today reported a net loss for the quarter ended September 30, 2003 of $(0.3) million, or $(0.01) per share-diluted. This compares with net income of $1.8 million, or $0.07 per share-diluted, for the third quarter of 2002. For the third quarter of 2003, gross profit was $7.5 million, or 9.4 percent, on contract revenues of $79.8 million, compared with gross profit of $11.6 million, or 17.9 percent, on contract revenues of $65.0 million for the third quarter of 2002.