latest news releases from the newsroom
Proposal for the Composition of Boliden's Board of Directors
STOCKHOLM, Sweden, Nov. 27, 2003 (PRIMEZONE) -- In view of the transaction between Boliden and Outokumpu, Boliden shareholders representing approximately 30 percent of the total number of shares and votes in the company have informed Boliden that at the extraordinary shareholders' meeting to be held on December 18, 2003 they will jointly propose that:
Gambro Won Tax Ruling
STOCKHOLM, Sweden, Nov. 27, 2003 (PRIMEZONE) -- Gambro AB (Stockholmsborsen:GAMBaST) (Stockholmsborsen:GAMBbST), a leading international medical technology and healthcare company, today announced that the Lower Tax Court (Lansratten) has confirmed the advance ruling by the Supreme Administrative Court regarding the fiscal acquisition value of previously divested ABB shares. The ruling means that Gambro has been given access to approximately MSEK 2,182 of carry-forward losses with a tax effect of MSEK 611. Together with an earlier ruling this corresponds to a tax saving of MSEK 894, which will be recognized as income in the fourth quarter 2003. There will not be any cash flow effect in 2003, but tax payments will be reduced in the coming years. The ruling might be appealed.
Sapa Invests 195 MSEK in New Technology
STOCKHOLM, Sweden, Nov. 27, 2003 (PRIMEZONE) -- Sapa rationalises by investing 195 MSEK in a new vertical anodising plant at Sapa Profiler in Vetlanda, Sweden. The investment in new and modern surface treatment technology will lead to increased efficiency and improved working conditions through automated production. The new plant is estimated to be in production during the first half of 2006. At the same time the production at existing plants will be moved to the new one and the old ones will be closed down.
Gasel Transportation Lines, Inc.
Gasel Transportation Lines, Inc. Reports Third Quarter 2003 Results and Redevelopment Status
MARIETTA, Ohio, Nov. 26, 2003 (PRIMEZONE) -- Gasel Transportations Lines, Inc., (OTCBB:GSEL) currently operating as a debtor in possession under Chapter 11 Reorganization, today announced results for fiscal third quarter 2003. For the three months ended September 30, 2003, freight income revenue totaled $3,303,539 and training school revenue was $109, 750 for combined revenue of $3,413,289, representing a 3.09% decline from prior year combined revenue of $3,522,063. Combined revenue for the nine month period ended Sept. 30, 2003 of $10,453,844 was 7% lower than the $11,257,485 recorded for the same period one year prior. The revenue decline is largely a result of the Company's downward fleet size that was adjusted to meet depressed freight demand commensurate with the sluggish domestic economy over the past year, particularly in manufacturing and "dry freight" sectors.
Penn's Landing Corporation
There's More to Do at the Blue Cross RiverRink than Just Skate!
PHILADELPHIA, Nov. 26, 2003 (PRIMEZONE) -- Everyone knows that the Blue Cross RiverRink at Festival Pier is THE place for outdoor ice skating in the Delaware Valley, but it's also the place to be for a variety of activities all winter long. From December through February, the Blue Cross RiverRink will host one special event every month that appeals to the young and the young at heart. All special events except New Year's Eve Party on Ice are free.
iMedia International, Inc.
iMedia Releases Fall Edition of Digital Magazine
SANTA MONICA, Calif., Nov. 26, 2003 -- (PRIMEZONE) iMedia International, Inc. (Pink Sheets:IMNL) today announced the distribution of its holiday edition of Hollywood Previews(tm) Entertainment Magazine. The company's showcase publication was distributed via poly-bag, placing the disc magazine on the front cover of four major Sunday newspapers in the top three national markets: Los Angeles, Chicago and New York.
QLogic Executives to Present at Credit Suisse First Boston Annual Technology Conference
ALISO VIEJO, Calif., Nov. 26, 2003 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that H.K. Desai, president, chairman and CEO, and Frank Calderoni, senior vice president and CFO, will be presenting at the Credit Suisse First Boston Annual Technology Conference held at The Phoenician in Scottsdale, Arizona on Tuesday, December 2. The presentation is expected to begin at 11:00 a.m. Mountain Time.
Penn's Landing Corporation
Penn's Landing Welcomes Army / Navy to Philadelphia's Waterfront
PHILADELPHIA, Nov. 26, 2003 (PRIMEZONE) -- This year's Army/Navy game marks the 104th edition of the interservice rivalry, and the 77th game to be played in Philadelphia. The sold-out game will be surrounded with several days of free activities for fans and Philadelphians, allowing everyone to share in the excitement of this tradition. Penn's Landing Waterfront business and partners have joined together to offer special discounts and events, culminating in a Fireworks extravaganza on Saturday December 6, 2003 at 9:30 p.m.