latest news releases from the newsroom
Astex Technology's new research and development facility
CAMBRIDGE, U.K., July 11, 2003 (PRIMEZONE) -- Astex Technology, the fragment-based drug discovery company, today announced the official opening of its new, 36,000 ft2 research and development facility on the Cambridge Science Park. Lord Sainsbury, Minister for Science and Innovation, performed the opening ceremony. During an afternoon of presentations and tours of the facilities, guests were given an overview of the recent progress the Company has made, together with its plans for the future.
SkyWay Communications Holding Corp.
SkyWay Communications Holdings Corp. and Southeast Airlines Announce the Signing of a Letter of Intent for the Installation of the Sky Way System on Southeast Airlines Aircraft
CLEARWATER, Fla., July 11, 2003 (PRIMEZONE) -- SkyWay Communications Holding Corp. (OTCBB:SWYC) and its wholly owned subsidiary, Sky Way Aircraft Inc., announced today that on June 25, 2003 they executed a Letter of Intent (LOI) with Southeast Airlines. Conditions of the LOI call for the installation of the Sky Way Aircraft System on the entire fleet of Southeast Airlines aircraft. The Sky Way Aircraft System shall include high-speed wireless Internet, advanced In Flight Entertainment (IFE), Flight Management Avionics Data Links (FMADL), in-flight security and archiving of monitored information, air filtration system monitoring and, upon approval, cellular micro-cells to facilitate passengers personal cell phone use.
Hannover Re: No major impact of Stirling Cooke court ruling
HANNOVER, Germany, July 11, 2003 (PRIMEZONE) -- On Tuesday, July 8, 2003 the British Commercial Court in London released a judgement in the 'Sphere Drake vs. Stirling Cooke' litigation ruling in favour of Sphere Drake. There has been speculation that this ruling might have a major impact on our New York subsidiary, Clarendon Insurance Group.
Extraordinary General Meeting of OM shareholders on account of the merger between OM and HEX
STOCKHOLM, Sweden, July 11, 2003 (PRIMEZONE) -- OM's Board of Directors has, on account of OM's public offer to the shareholders and warrant holders of HEX, decided to propose that an extraordinary general meeting of OM shareholders authorize the Board of Directors to decide on the issuance of a maximum of 31,785,027 new shares to be used as consideration in the offer. As previously announced, OM offers 2.5 new shares in OM for each share in HEX.
Advanced Technology Industries, Inc.
Advanced Technology Industries, Inc. Announces the Execution of an Asset Purchase Agreement with Alfa-Pro Products GmbH
BERLIN, July 11, 2003 (PRIMEZONE) -- Advanced Technology Industries, Inc. (OTCBB:AVDI) ("ATI") announced today that it had entered into a Purchase Agreement with Alfa-Pro Products GmbH, a German corporation, ("Alfa-Pro"). Under the terms of the Agreement, ATI will purchase all of the intellectual property rights of Alfa-Pro in consideration for cash in an amount not to exceed $90,000 and the issuance of unregistered shares of ATI common stock. Such number of issued shares will represent less than 10% of the outstanding shares of ATI common stock following the consummation of the previously announced transaction with LTDnetwork, Inc. ("LTDN") pursuant to which LTDN will become a wholly owned subsidiary of ATI and the LTDN stockholders will own at least 58% of the outstanding shares of common stock of ATI following such transaction. . In addition, ATI has agreed to pay off certain debts of affiliates and related parties of Alfa-Pro. Alfa-Pro is a research and development company based in Passau Germany that has worldwide intellectual property rights to over 40 consumer products that it has developed.