latest news releases from the newsroom
Headliners Entertainment Group, LLC
Rascals Announces Acquisition Agreement
WEST ORANGE, N.J., Jan. 14, 2004 (PRIMEZONE) -- Rascals International Inc. (OTCBB:RSCA) announced today that it had signed a definitive purchase agreement to acquire 100% ownership of a nationally known chain of popular nightclubs. The purchase, for a combination of cash, stock and the assumption of debt, will add approximately $12.0 million of annual revenue, and a 20 percent pretax net to Rascals' existing comedy club operations during the 2004 fiscal year. The parties anticipate closing the transaction in the First Quarter 2004.
Yahoo! withdraws from Zed
STOCKHOLM, Sweden, Jan. 14, 2004 (PRIMEZONE) -- TeliaSonera has today confirmed Yahoo! Inc has exercised its option to sell back to TeliaSonera the original investment of 15 percent equity interest of Sonera Zed Ltd, that was granted in 2002. The transaction is made with the same terms as in 2002.
Opcon completes strategic acquisitions
STOCKHOLM, Sweden, Jan. 14, 2004 (PRIMEZONE) -- Opcon AB has acquired Svenska Rotor Maskiner AB (SRM) and Lysholm Technologies AB (LT). The purchase price is 1,450,000 newly issued shares in Opcon AB and SEK 5 million in cash. There is also an additional purchase price that depends on the financial results for the past year. Opcon took possession on 31 December 2003. The companies had sales of around SEK 65 million and reported an operating profit of around SEK 5 million in 2002. Increased sales and profits are expected for 2003.
Song Networks Holding
The Municipality of Grenland chooses Song Networks
STOCKHOLM, Sweden, Jan. 14, 2004 (PRIMEZONE) -- Song Networks Holding AB (Stockholmsborsen:SONW) announces today that the Norwegian subsidiary is to supply a joint computer network to Porsgrunn, Skien and Bamble municipalities. The contract is for four years, with the option of a one year extension, and has a value of around NOK 15-17 million.
Change in Pergo's Group Management team
STOCKHOLM, Sweden, Jan. 14, 2004 (PRIMEZONE) -- Ms. Annette Kumlien, the present CFO of the Pergo group will leave the company to assume the position as CFO of the Hoganas group. Ms. Kumlien will terminate her employment with Pergo during the spring of 2004.
Autoliv Receives Japanese Award
STOCKHOLM, Sweden, Jan. 14, 2004 (PRIMEZONE) -- The award, which is The TPM Excellence -- First Category, was given to Autoliv's French subsidiary, Autoliv France, by the Japanese Institute of Plant Maintenance (JIPM).