latest news releases from the newsroom
ACME Communications Announces Amended Senior Credit Facility
SANTA ANA, Calif., Aug. 14, 2003 (PRIMEZONE) -- ACME Communications, Inc. (Nasdaq:ACME) announced today that its wholly-owned operating subsidiary, ACME Television, LLC, has amended its revolving senior credit facility with its existing lenders -- Wells Fargo Foothill and GE Media and Communications Finance. The maximum borrowings permitted under the amended facility remain at $40 million and the maturity date has been extended to July 31, 2006. In conjunction with the amended credit facility, the Company also announced that its wholly-owned subsidiary, ACME Intermediate Holdings, LLC, is redeeming the remaining $30 million of its outstanding 12% Senior Secured Discount Notes on September 30, 2003. The Company will fund the redemption through a combination of cash on hand and initial borrowings under the amended facility.
The World Golf League, Inc.
The World Golf League enters Mid-West, Mid-Atlantic and New England Markets.
ALTAMONTE SPRINGS, Fla., August 14, 2003 (PRIMEZONE) -- The World Golf League, Inc. (OTCBB:WGFL) announced today that it is launching a dedicated print and television campaign in the Illinois, Indiana, Ohio, Pennsylvania, New York, New Jersey, Virginia, Maryland, Delaware, Connecticut, Rhode Island and Massachusetts. The campaign will be managed by its corporate marketing group, utilizing exclusive agents and licensees.
Wireless Industry Headliners Appearing At Global Mobile 2003; Mobile Communication Leaders Convene in San Diego September 24-26
SAN DIEGO, August 14, 2003 (PRIMEZONE) -- An elite cast of headliners from the mobile communications industry are scheduled to appear at Global Mobile 2003, September 24-26. This San Diego-based conference, dedicated to mobile communications, will feature participants from companies from around the world that include Qualcomm, LG InfoComm, EFI, Mobileway, Sony Ericsson, Red Oxygen, Octane Mobile, LogicaCMG, Motorola and more. For more information and to register for this year's premier event, visit www.sms.ac/globalmobile.
NCC: Sven Christian Ulvatne named new president in Norway
SOLNA, Sweden, Aug. 14, 2003 (PRIMEZONE) -- Sven Christian Ulvatne, aged 43, has been appointed new president of NCC Construction AS in Norway. He is currently manager of NCC Norwegian construction operations in the Northern/Western region. Ulvatne will assume his new position on January 1, 2004.