latest news releases from the newsroom
FTS Wireless, Inc.
FTS Expects Wireless Activation Levels to Increase 50% or More During the Second Quarter of 2005
TAMPA, Fla., April 14, 2005 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next-generation wireless products and services, and operates Wi-Fi Hot Spots, today announced that it expects gross wireless activation levels to grow at least 50% or more during Q2 of 2005.
Kiwa Bio-Tech Products Group Corporation
Kiwa Bio-Tech Products Group Corporation 2004 Revenue Surges 3,150% During 2004
LOS ANGELES, April 14, 2005 (PRIMEZONE) -- Kiwa Bio-Tech Products Group Corporation ("the Company" or "KIWA"), (OTCBB:KWBT) reported its 2004 annual financial results yesterday. Net sales were $1.3 million for the year ended December 31, 2004, compared with net sales of $0.04 million for the year ended December 31, 2003, an increase of more than thirty one times. Gross profits for the year ended December 31, 2004 were $659,015, compared with $9,737 for the year ended December 31, 2003. Net Loss for the year ended December 31, 2004 was $2.7 million, compared with $1.4 million for the same period of last year. Net loss for 2004 included $2.1 million in non-cash charges related to financing activities and the March 2004 merger between Kiwa Bio-Tech Products Group Ltd and Tintic Gold Mining Company that formed our current company. Net sales were $599,150 for the fourth quarter ended December 31, 2004, compared with $40,031 for the fourth quarter ended December 31, 2003 and $407,884 for the quarter ended September 2004.
Skandia Liv Avoids Reallocation
STOCKHOLM, Sweden, April 14, 2005 (PRIMEZONE) -- Skandia Liv's collective funding ratio in March was 102%. Accordingly, Skandia Liv has met the Financial Supervisory Authority's requirement of a collective funding ratio of at least 100% for two consecutive quarters. This means that a reallocation is now no longer being considered.
OMX: Stockholm and Helsinki Stock Exchanges Donate Disciplinary Fines to New Foundation
STOCKHOLM, Sweden, April 14, 2005 (PRIMEZONE) -- The boards of directors of the Stockholm Stock Exchange and the Helsinki Stock Exchange have decided to donate all disciplinary fines imposed by the exchanges' disciplinary committees to a foundation newly established by OMX Exchanges for the purpose of conducting research involving securities markets in Finland and Sweden.
Tele2 Signs an MVNO Agreement With Orange in France
STOCKHOLM, Sweden, April 14, 2005 (PRIMEZONE) -- Tele2 AB ("Tele2"), (Stockholmsborsen:TEL2A) (Stockholmsborsen:TEL2B) the leading alternative pan-European telecommunications company, today announced that Tele2 France will launch a mobile telephony offering before the end of 2005.