latest news releases from the newsroom
TeliaSonera Gains Full Ownership of Omnitel
STOCKHOLM, Sweden, Aug. 17, 2004 (PRIMEZONE) -- TeliaSonera today announces that its wholly owned subsidiary Amber Mobile Teleholding AB has reached an agreement with the Kazickas family to acquire their 10 percent holding in UAB Omnitel of Lithuania. Having acquired the remaining outstanding shares, Omnitel is thereby fully owned by TeliaSonera. TeliaSonera agreed to pay USD 63.5 million including dividends until closing for the Kazickas family's shares. The share price is based on a valuation of Omnitel amounting to USD 603 million for 100 percent of the shares. The deal will be closed today.
uWink Announces Order Backlog for Q-3 Due to Increased 'Bear Shop' Demand
LOS ANGELES, Aug. 16, 2004 (PRIMEZONE) -- uWink, Inc. (OTCBB:UWNK), a designer, developer and marketer of entertainment software for video game terminals and amusement vending machines, today announced a stronger than expected order backlog for Q-3. Owing primarily to increasing demand for its "Bear Shop" product, the Company anticipates Q-3 sales approaching $2 million. "Bear Shop" began customer testing in June and started shipping later that same month. Presently, "Bear Shop" has generated orders exceeding the Company's existing manufacturing capacity, resulting in the engagement of two additional contract manufacturers to satisfy demand. Both will commence shipments in September, thus allowing for a substantial portion of current backlog to be delivered in Q3. The patent-pending "Bear Shop" provides customers with an interactive purchasing experience, allowing them to select a teddy bear and then dress and accessorize it while viewing the results onscreen. Once the user chooses the product mix, products are vended in a proprietary packaging solution in less than 20 seconds.
Strategic Distribution, Inc.
Strategic Distribution, Inc. Reports 2004 Second Quarter Financial Results
BENSALEM, Pa., Aug. 16, 2004 (PRIMEZONE) -- Strategic Distribution, Inc. (Nasdaq:STRD), a leading provider of maintenance, repair and operating (MRO) supply chain management services, today reported financial results for the second quarter ended June 30, 2004.
Cinema Internet Networks Inc.
CinemaWorks to Raise $5.0 Million US to Finance Revenue Sharing Installations
VANCOUVER, British Columbia, Aug. 16, 2004 (PRIMEZONE) -- Cinema Internet Networks Inc. (d.b.a. "CinemaWorks") (Other OTC:CWKNF), a Canadian provider of Internet equipment and services specializing in the hospitality market, has recently retained the services of Pathpoint Capital of Toronto, Ontario to assist in the placement of a $5.0 million dollar US debenture (or its equivalent $6.5 million in Canadian Funds) to be secured by an asset lending agreement. Pathpoint Capital will be paid a performance-based commission for its services and the agreement and commissions are subject to regulatory approvals.
Universal Stainless & Alloy Products, Inc.
Universal Stainless President and CEO Adopts 10b5-1 Trading Plan
BRIDGEVILLE, Pa., Aug. 16, 2004 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that Clarence M. McAninch, President and Chief Executive Officer, has established a pre-arranged trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 to sell shares of the Company's common stock subject to certain minimum sales price restrictions. Under the plan, Mr. McAninch could sell up to 54,426 shares of the Company's common stock through January 31, 2005, representing 18% of the combined shares and options he currently owns. Sales of stock pursuant to the plan are contemplated to amount to 2,500 shares per calendar week and any unsold shares may be carried over to the next weekly period. In no event will more than 5,000 shares be sold pursuant to the plan in any calendar week.
MLON International Ventures, Inc.
Mellon Research, Inc. Announces Significant Restructuring of the Company
SCOTTSDALE, Ariz., Aug. 16, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies and offshore firms announced today that it is merging the Company with another investment banking firm, Wall Street Securities, LLC that provides the same financial services as Mellon Research, Inc. The Company's intent is to increase shareholder value with this merger by offering one share in Wall Street Securities for any shares held in Mellon Research, Inc. as a dividend. Mellon Research will be strategically repositioned as Club XTreme(TM) which will blend a real world club that will be opening later this fall in Scottsdale, AZ, that will combine offline and online entertainment.