latest news releases from the newsroom
Metso to Rebuild Guangzhou Paper PM 8 in China
HELSINKI, Finland, Aug. 8, 2006 (PRIMEZONE) -- Metso Paper will rebuild the newsprint paper machine PM 8 of Guangzhou Paper Co., Ltd. in the Guangdong province, China. The modernization is scheduled to be completed in mid 2007. The value of the order is EUR 15 million.
Report for First Half of 2006: Interhyp Grows Net Revenues by 87 Percent, EBIT by as Much as 130 Percent
MUNICH, Germany, Aug. 8, 2006 (PRIMEZONE) -- With the results for the first half of 2006, Interhyp AG, Germany's largest independent residential mortgage broker, once again clearly demonstrates the strength of its business model: mortgage volume rose by 87 percent to EUR 2.071 billion in the first six months of 2006 (1st half of 2005: EUR 1.110 billion). In the same period, net revenues grew 87 percent to EUR 27.2 million (1st half of 2005: EUR 14.5 million). Earnings before interest and taxes (EBIT) climbed in the first half of 2006 by 130 percent to EUR 9.4 million (1st half of 2005: EUR 4.1 million).
Highly Satisfactory Semi-Annual Result for Hannover Re
HANNOVER, Germany, Aug. 8, 2006 (PRIMEZONE) -- In its semi-annual report published today Hannover Re expressed considerable satisfaction with the development of its business. "Our result as at 30 June is a good basis for achieving our 2006 profit target, namely a return on equity of at least 15 percent", Chief Executive Officer Wilhelm Zeller affirmed.
INFINITE Software Corporation
California Software to Release New Version of infinite NET Suite August 15
BELFAST, Northern Ireland, Aug. 7, 2006 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in legacy extension, business intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning infinite and LPS product lines, announced today that it will release a greatly expanded version of its popular infinite NET Midrange and Mainframe Modernization Suite.
ADVA Optical Networking
ADVA Optical Networking Reports Tenth Consecutive Quarter of Growth in Q2 2006
MARTINSRIED and MUNICH, Germany, and MAHWAH, N.J., Aug. 7, 2006 (PRIMEZONE) -- ADVA Optical Networking today announced Q2 2006 financial results for the quarter ended June 30, 2006, and prepared in accordance with International Financial Reporting Standards (IFRS). ADVA today also published key financials as per U.S. Generally Accepted Accounting Principles (U.S. GAAP), the accounting framework applied in financial statements published prior to the release of the annual report 2005.
Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Arrival of Fifth Drilling Rig
HOUSTON, Aug. 7, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced the arrival of the fifth drilling rig at its South Alibek field in western Kazakhstan. The rig, which is operated by Sun Drilling Company, is currently rigging up on location and is expected to spud the development well SA-27 in mid-August. The other four drilling rigs are all currently drilling development wells in the field.
SYSCO to Construct Fold-Out Facility to Serve the East Texas Foodservice Market
HOUSTON, Aug. 7, 2006 (PRIMEZONE) -- SYSCO Corporation (NYSE:SYY), North America's largest foodservice marketer and distributor, today announced plans to construct a broadline foodservice fold-out facility in Longview, Texas. SYSCO has tentatively selected a site on State Highway 149 (locally known as Estes Parkway), south of Interstate 20, which is located adjacent to the City of Longview, in Gregg County, Texas. Due diligence is currently underway, including geotechnical and environmental studies.
Peterson & Associates
Peterson & Associates, P.C. Continues Its Investigation of Ortho Evra Related Injuries After a Division of Johnson & Johnson, JNJ, Issues a New Warning
KANSAS CITY, Mo., Aug. 7, 2006 (PRIMEZONE) -- Peterson & Associates, P.C. (www.petersonlawfirm.com) announces that it is continuing to investigate claims involving the Ortho Evra(r) Birth Control Patch. Recently, Peterson & Associates, P.C. filed three lawsuits on behalf of three women who claimed to be injured by the Ortho Evra(r) Birth Control Patch naming Johnson & Johnson, Inc. and Ortho McNeil Pharmaceutical as Defendants. The maker of the drug, Ortho McNeil Pharamceutical, a division of Johnson & Johnson, warns that the Ortho Evra(r) Birth Control Patch may cause an increased risk of blood clot related injuries such as heart attacks, strokes, pulmonary emboli and deep vein thrombosis (DVT).