latest news releases from the newsroom
Tele2 To Become the Leading Alternative Operator in Austria
NEW YORK and STOCKHOLM, Sweden, Oct. 14, 2004 (PRIMEZONE) -- Tele2 AB ("Tele2") (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholmsborsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that it has concluded an agreement to acquire UTA, the leading Austrian alternative telecommunications operator. This acquisition will propel Tele2 to the position of the principal competitor to the incumbent operator in Austria across key market segments, with the ability to offer fixed line, mobile, ADSL and unbundling services.
GB&T Bancshares, Inc.
GB&T Bancshares Reports 3rd Quarter 2004 Net Income of $2.4 Million, Up 62.4%
GAINESVILLE, Ga., Oct. 13, 2004 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a fast-growing multi-bank holding company operating five community banks based in Georgia, reported third quarter 2004 net income of $2.4 million, a 62.4 percent increase over the $1.5 million reported for the prior-year third quarter. Earnings reflect strong balance sheet growth achieved organically and through an active acquisition strategy. Diluted earnings per share for the third quarter of 2004 were $0.25, an increase of 31.6 percent over the $0.19 reported for the prior-year third quarter. The quarterly earnings per share comparison reflects a 27.1 percent increase in average diluted shares outstanding to 9,621,000 as a result of the 262,682 shares issued in connection with the acquisition of Lumpkin County Bank, a $66 million asset bank, which closed on August 19, 2004, the 1,141,628 shares issued in connection with the acquisition of Southern Heritage Bank, a $121 million asset bank, which closed on August 2, 2004, as well as the 1,397,584 shares issued in connection with the acquisition of First National Bank of the South, a $127 million asset bank, which closed on August 29, 2003.
Business Consulting Group Unlimited
Global Golf Holdings, Inc. Executes Definitive Agreement to Acquire the Assets of Healthy Lifestyles Businesses
VANCOUVER, British Columbia, Oct. 13, 2004 (PRIMEZONE) -- Global Golf Holdings, Inc. ("GGLF") (OTCBB: GGLF) today announced that it has executed a Definitive Acquisition Agreement ("Agreement") to acquire the assets of Low Carb Centre, Inc., Low Carb Bakery, Inc., and McNabb and Associates, Inc. (collectively referred to herein as "Low Carb Centre"). Low Carb Center is engaged in the sales and distribution of low carbohydrate gourmet food, as well as other healthy lifestyles oriented products and related services. Sales are generated from the Low Carb Centre website (www.lowcarbcentre.com) and through retail stores located in Canada, including three corporate stores and one franchise store. Under the terms of the Agreement, at the Closing and subsequent to a reverse split of the GGLF common stock, GGLF will acquire all of the assets of Low Carb Centre and assume up to USD $425,000 in outstanding convertible notes in exchange for 14,743,199 shares of GGLF common stock (the "Issuance").