latest news releases from the newsroom
Dobson Communications Corporation
Dobson Communications Announces Expiration of Preferred Stock Exchange Offer and Consent Solicitation
OKLAHOMA CITY, March 16, 2005 (PRIMEZONE) -- Dobson Communications Corporation ("Dobson" or the "Company") (Nasdaq:DCEL) announced that its offer to exchange cash and shares of Series J Mandatorily Convertible Preferred Stock for up to all of its outstanding 12.25% Senior Exchangeable Preferred Stock and 13% Senior Exchangeable Preferred Stock (the "Exchange Offer") has expired. The minimum acceptance thresholds of a majority of the outstanding shares of each class of such preferred stock, and 75% of the combined number of outstanding shares of each class of such preferred stock, have not been met. The offer has therefore expired and will not be consummated.
A.G. Media Group
A.G. Media and AOL Sign Content Agreement
MONTREAL, March 16, 2005 (PRIMEZONE) -- A.G. Media Group, Inc. (Pink Sheets:AMGJ) announced today that it has signed an agreement with America Online, Inc., a division of Time Warner (NYSE:TWX), the world's leading interactive services company to provide content and programming to AOL's newly launched African-American service, AOL(r) BlackVoices.
Abrams Hospitality Marketing
Eastover Resort Plans Annual Single Parents Summer Events On its 600 Acres in Lenox, Berkshire Mountains of Western, Massachusetts
LENOX, Mass., March 16, 2005 (PRIMEZONE) -- Single Moms and Dads and their children will find the breakaway they crave in Lenox, Massachusetts at Eastover Resort's Annual Single Parents Weeks, July 5-8 and August 26-28, 2005 where "every single person has a great time!," according to frequent guest Jacqui Perkins. "This is the place to go where you're immediately welcomed, you relax and feel you belong. You and your kids have a great time in a place that's so grand but so casual!"
INFe Venture Club
INFe Venture Club Microcap Investor Forum and Company Showcase Announces Presenting Company Line-up
FALLS CHURCH, Va. and MIAMI, March 16, 2005 (PRIMEZONE) -- The INFe Venture Club, a membership-based organization that brings together angel, accredited and institutional investors with emerging public companies, has scheduled its signature annual event, The Microcap Investor Forum & Company Showcase, for Friday, March 18, 2005 at the opulent Biltmore Hotel in Coral Gables, Florida.
Teleca Strengthens its Product Organisation and Coordinates its Consulting Business in Sweden
MALMO, Sweden, March 16, 2005 (PRIMEZONE) -- Teleca has carried out a reorganisation aimed at strengthening its product business and increasing its regional market penetration and coordination in Sweden. Products strengthened with 150 staff Obigo, Teleca's world-leading software product for mobile phones, has been strengthened with an additional 80 or so Mobile Devices development engineers and integration resources close to product integration. The purpose was to transfer staff to Obigo who had already been working mainly with the Obigo product suite, which has now also been provided with the application Email Client. The pace of development of Obigo will be higher in 2005 compared with 2004. As accounted for in Teleca's year-end report the products PC Connectivity and Popwire have also been transferred from Mobile Devices to Products. Today both are mature software offerings with clear product logic. Among other things, PC Connectivity is used for synchronising PCs with mobile phones. The Popwire products convert multimedia files between different formats for diverse applications. In total about 70 staff have been transferred. ``In the past few years Obigo has established a world-leading position in the mobile phone software market, and we'll continue to invest to maintain our position in this expanding market. The strengthening of our product area will enable us to increase the pace of development and further improve customer service," says Dag Sundstrom, president and CEO of Teleca AB. "Our product business has the capability to continue growing very rapidly during the next few years."
Carnegie Launches Swedish Real Estate Fund
STOCKHOLM, Sweden, March 16, 2005 (PRIMEZONE) -- Initial investors have subscribed for 40 percent of the capital in Carnegie Fastighetsfond Sverige AB. The real estate fund aims at institutional investors seeking risk exposure to the Swedish real estate market. Carnegie's intention is to raise total capital of SEK 1,000 million.
Bernt Magnusson Comments on Recommendation Made by Skandia's Board to the Annual General Meeting
STOCKHOLM, Sweden, March 16, 2005 (PRIMEZONE) -- Today Skandia's board released the Board's report to the Annual General Meeting regarding the settlement with Lars Ramqvist and the Board's position regarding directors' liability with respect to former company directors. From this report it is noted that the Board has recommended that the Annual General Meeting approve the settlement with Lars Ramqvist. Further, it is reported why the Board will not be initiating any actions regarding any other former directors.