latest news releases from the newsroom
Emerson Radio Corp.
Emerson Radio Corp. Completes Three-Year $42.5 Million Financing Agreement
PARSIPPANY, N.J., June 29, 2005 (PRIMEZONE) -- Emerson Radio Corp. (AMEX:MSN) announced today it has extended and increased its credit facility with a syndicate led by PNC Bank, National Association, a member of The PNC Financial Services Group, Inc. The new three-year facility consists of a $35 million Senior Secured Revolving Credit Facility ("Revolver") and a $7.5 million Senior Secured Term Loan ("Term Loan"), totaling $42.5 million. The new Revolver replaces a $25 million Senior Secured Revolving Credit Facility, which was due to expire on June 30, 2005. Proceeds from the new credit facility will be used for general corporate purposes, working capital needs, and share repurchases.
Acies Corporation Reports Fiscal 2005 Financial Results
NEW YORK, June 29, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE), a financial services company that specializes in providing payment processing and online banking services to small, medium, and large-size merchants across the United States, will be filing today its Annual Report on Form 10-KSB disclosing its financial results for the fiscal year ended March 31, 2005.
Dobson Communications Corporation
Dobson Communications Extends the Expiration Date for Its Notes Exchange Offer
OKLAHOMA CITY, June 29, 2005 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that it is extending the expiration date for its offer to exchange (the "Offer") up to $250 million principal amount of the 8 3/8% First Priority Senior Secured Notes due 2011, $250 million principal amount of the First Priority Senior Secured Floating Rate Notes due 2011 and $325 million principal amount of the 9 7/8% Second Priority Senior Secured Notes due 2012 that were issued by its subsidiary Dobson Cellular Systems, Inc. ("Dobson Cellular") on November 8, 2004 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the "Securities Act") for like principal amounts of 8 3/8% First Priority Senior Secured Notes due 2011, First Priority Senior Secured Floating Rate Notes due 2011 and 9 7/8% Second Priority Senior Secured Notes due 2012 that have been registered under the Securities Act. The Offer will now expire at 5:00 p.m., New York City time, on Friday, July 1, 2005, unless further extended or earlier terminated. As of 5:00 pm, New York City time, on Tuesday, June 28, 2005, Dobson Cellular had received tenders of approximately 98.8% of the 8 3/8% First Priority Senior Secured Notes due 2011, representing $247.0 million of the outstanding aggregate principal amount of $250 million of notes; approximately 94.9% of the First Priority Senior Secured Floating Rate Notes due 2011, representing $237.3 million of the outstanding aggregate principal amount of $250 million of notes; and approximately 97.5% of the 9 7/8% Second Priority Senior Secured Notes due 2012, representing $317.0 million of the outstanding aggregate principal amount of $325 million of notes.
Hilde Aasheim New Executive Vice President at Norsk Hydro
OSLO, Norway, June 29, 2005 (PRIMEZONE) -- Hilde Aasheim has been employed as Executive Vice President, responsible for Leadership and Culture (Human Resources, Health, Environment, Safety and Corporate Social Responsibility). She will be member of the Corporate Management Board and report to Eivind Reiten.
Hoganas Signs New Credit Facilities
HOGANAS, Sweden, June 29, 2005 (PRIMEZONE) -- Hoganas has signed new long term credit facilities with Danske Bank, Nordea, Svenska Handelsbanken and HSBC (Hongkong Shanghai Banking Corporation). These facilities, which replace existing agreements, amount to MEUR 225. The facilities have a five-year maturity with an extension option of a maximum of 2 years.
Home Warranty Services of America
Home Warranty Services of America, Inc. -- Corporate Summary and Update
PHOENIX, June 29, 2005 (PRIMEZONE) -- Home Warranty Services of America, Inc. (Pink Sheets:HWSV), a Nevada Corporation, is capitalizing on the rapid growth of the home warranty market. HWSA has positioned itself to leverage a unique relationship with a national mortgage partner to sell home warranties and an established regional contractor to service them. Traditionally, the go-to-market strategy of a home warranty company is to develop relationships with Realtors and Title companies who then suggest to their clients a suitable home warranty provider. While this is a well-developed sales channel and one HWSA will compete successfully in, it is not our only one. Our mortgage partner provides an exclusive sales channel to their thousands of customers during the mortgage process and clearly differentiates HWSA from just any home warranty company.
Telenor Satellite Services to Provide Global IP Custom Network
OSLO, Norway, June 29, 2005 (PRIMEZONE) -- Telenor Satellite Services announced today that it signed an agreement on June 24 with British Telecommunications to provide a global managed IP custom network over satellite to 83 European Commission embassies around the world.The four-year agreement has an estimated value of 50 million euros and includes options for service extensions. The European Commission recently selected BT as the prime provider of its global managed IP network for terrestrial and satellite communications for Commission embassies worldwide. BT will provide the terrestrial connectivity and has selected Telenor Satellite Services to deliver communications over satellite via Telenor's very small aperture terminal (VSAT) equipment. Under the terms of the agreement, Telenor will provide BT a robust set of satellite capabilities that enable the European Commission embassies to use satellite solutions as either stand-alone services or integrate them with BT's high-end MPLS-based IP VPN service. Telenor's services include the design, delivery, installation, assembly, engineering, construction and maintenance of satellite communication networks with guaranteed availability and quality of service.
CyberAds Adds Experience to Marketing Team
TORRANCE, Calif., June 29, 2005 (PRIMEZONE) -- CyberAds Inc. (OTCBB:CYAD) announced today that Kenya Barber, a principal at marketing/communications firm Waveos Rancheros (WR), has been retained as a consultant to support the launch of XBoard throughout North America. Barber will apply her expertise and promotional talents to support the anticipated launch of the revolutionary new watercraft over the next several months.
Tele2: General Advice From the Swedish Tax Authorities
STOCKHOLM, Sweden, June 29, 2005 (PRIMEZONE) -- Tele2 AB, ("Tele2") (Stockholmsborsen: TEL2A and TEL2B) the leading alternative pan-European telecommunications company, today announces that the Swedish Tax Authorities have given general advice on distribution of the acquisition cost as a result of the share redemption in Tele2 AB