latest news releases from the newsroom
Fortis Decides on Belgolaise
BRUSSELS, Belgium, Aug. 25, 2005 (PRIMEZONE) -- Early 2005, Fortis announced its intention to withdraw from Belgolaise, its banking subsidiary operating in Sub-Saharan Africa.Fortis was approached by several potential buyers. However, it appears that none of the offers submitted would have ensured continuity of the whole of Belgolaise's activities under acceptable conditions for its customers and staff.
Quest Oil: Acadia North 10-22 Gas Well Flow Rates and Empress Well 12-15 Spuds and Sets Surface Casing
ARLINGTON, Texas, Aug. 25, 2005 (PRIMEZONE) -- Quest Oil Corporation ("Quest" or the "Company")(OTCBB:QOIL) is pleased to announce that analysis of the test on its Acadia 10-22-25-2w4m has been completed. The well has a calculated Absolute Open Flow Potential of 58 Million Cubic Feet per Day (MMCFPD). The Company's engineering firm, CHAPMAN Engineering, advised the Company that it has an estimated "gas-in-the-ground" value of $17.67 million.
XA Produces 'Evian Taste of Tennis'
NEW YORK, Aug. 25, 2005 (PRIMEZONE) -- XA, Inc. (XA) (OTCBB:XAIN), a major national event marketing firm that serves many Fortune 500 companies, reported today that it was selected by AYS Sports Marketing as the production team of record for the 2005 Evian International Taste of Tennis to take place at W New York Hotel, 541 Lexington Avenue on August 25, 2005.
Toll Brothers, Inc.
Toll Brothers' Record FY 2005 3rd Qtr Earnings Rise 103 Percent to $215.5 Million
HORSHAM, Pa., Aug. 25, 2005 (PRIMEZONE) -- Toll Brothers, Inc., (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today reported record third-quarter and nine-month results for earnings, revenues, backlog and contracts for the periods ended July 31, 2005. The Company's third-quarter net income, revenues and backlog were the highest for any quarter in its history.
Meda Interim Report, January -- June 2005
STOCKHOLM, Sweden, Aug. 25, 2005 (PRIMEZONE) -- Meda sold its parallel trading operation, which leads to several accounting and technical consequences (because of IFRS 5) that affect comparability with previously reported figures.
SCA to Implement Extensive Efficiency Enhancement Program
STOCKHOLM, Sweden, Aug. 25, 2005 (PRIMEZONE) -- With the aim of strengthening conditions to regain a favourable profitability, SCA has decided to implement an extensive efficiency enhancement program. Measures to be implemented include phasing out of 350,000 tons of testliner and 100,000 tons of tissue, corresponding to 17% and 7% of SCA's European capacity respectively. Technology-enhancing investments are being made to achieve improved product quality. It is assessed that SCA's market share within corrugated board and tissue products will not be affected. The program, which will affect all business areas and 3,600 employees, is expected to result in annual savings of SEK 1,550 M when fully completed.