latest news releases from the newsroom
Virgin Express Holdings PLC
VIRGIN EXPRESS : Date Set for Approval of Deal Terms
LONDON, Sept. 29, 2004 (PRIMEZONE) -- The negotiators of Virgin Express Holdings PLC (Euronext:VIRE) (OTCBB:VIRGY), the majority shareholder of Virgin Express NV/SA, and the negotiators of SN Airholding II, the majority shareholder of SN Brussels Airlines, have held meetings in Brussels this week to finalise the terms pursuant to which Virgin Express NV/SA and SN Brussels Airlines will be placed under the common ownership of SN Airholding II. The documentation is due to be submitted for formal approval by the Boards of Virgin Express Holdings PLC and its majority shareholder, Virgin Sky Investments Limited, on Tuesday 5th October 2004. If approved by these boards, the agreement is expected to be signed on 5th October 2004 by all parties.
Effnet -- New DMB Orders from South Korea to Factum Electronics
STOCKHOLM, Sweden, Sept. 29, 2004 (PRIMEZONE) -- Factum Electronics AB, a subsidiary of Effnet Holding AB (publ), has in the last three months been awarded contracts from KBS, Korean Broadcasting Systems, EBS, Educational Broadcasting Systems, and MBC, Munhwa Broadcasting CO. Ltd. to supply DMB systems. The systems are based on Factum Electronics' modular architecture, including audio encoders, data inserters, service and ensemble multiplexers and management systems. Factum Electronics has previously supplied digital radio solutions to customers in Australia, Canada, Denmark, Hungary, Italy, Korea, Norway and Sweden. South Korea is the leading country regarding DMB, i.e. advanced applications with video, audio and text by use of digital broadcasting.
Saab -- 27 Companies Agree to Form NCO Industry Consortium
LINKOPING, Sweden and WASHINGTON, Sept. 29, 2004 (PRIMEZONE) -- The Network Centric Operations Industry Consortium, (NCOIC), a major international, industry-wide consortium, was announced today, combining the technology and expertise of 27 major companies to recommend a unified approach to creating a global network-centric environment.
Tele2 -- Disclosure Notice
STOCKHOLM, Sweden and NEW YORK, Sept. 29, 2004 (PRIMEZONE) -- Tele2 AB (Reg. No. 556410-8917) (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholm:TEL2A) (Stockholm:TEL2B) yesterday acquired 4,160,000 shares in Song Networks Holding AB. Tele2 AB thus, directly and indirectly, holds in total 9,460,000 shares in Song Networks Holding AB, corresponding to 18.0% of the votes and 17.0% of the capital in the company. The Tele2 group's holding after conversion of all convertible debentures amounts to 17.2% of the votes and 16.2% of the capital.
Scottish Power PLC
ScottishPower - Trading Update
Glasgow, UK, Sept. 29, 2004 (PRIMEZONE) -- ScottishPower will shortly be meeting with analysts ahead of entering our close period for the half-year ending 30 September 2004. At these meetings we will confirm that we continue to make good progress with our strategy of improving operational performance and investing for organic growth. The outlook for the full year to 31 March 2005 remains in line with our expectations.
Industri-Matematik Intl. Corp
Per Norling joins Industri-Matematik AB as Managing Director and Country Manager Nordic Region
STOCKHOLM, Sweden, Sept. 29, 2004 (PRIMEZONE) -- Industri-Matematik International Corp. (IMI) today announced the appointment of Per Norling as Managing Director of the Swedish Company as well as Country Manager Nordic Region. Based in Stockholm, Norling will be responsible for the company's Nordic region operations, including both customer focused software, services and support solutions as well as the company's internal operations. Per Norling has a strong track record of success in building an enterprise. His extensive background prepares him to successfully expand the firm's market opportunity and customer quality initiatives in the consumer and retail software markets where the company has a strong focus on supply chain and logistics software solutions. Norling was until May 2000 Chief Operating Officer of Baan Company in Europe, the Middle East and Africa. He joined Baan in 1994 as Managing Director of the Nordic region, established a network of offices, partners and resellers, and grew Baan Nordic at a rate of 100 per cent year-on-year -- creating one of the company's most successful regions. He managed the UK operations in parallel during 1996 as well with a 100% growth.
OurPet's Engages George S. May International Company
FAIRPORT HARBOR, Ohio, Sept. 28, 2004 (PRIMEZONE) -- OurPet's Company (OTCBB:OPCO) today announced the engagement of George S. May International Company, a nationally recognized firm of management consultants, to assist the Company review and improve its organizational structure and procedures such that the Company can successfully achieve its revenue and profitability objectives. Dr. Steven Tsengas, President and CEO, commented, "We are very pleased to have such an excellent resource as we grow from a small to medium size company."