latest news releases from the newsroom
Bilia AB’s board of directors has decided to initiate a share buy-back
programme in accordance with the authorisation it was given at the AGM on 19
April 2006. Bilia currently owns 155 of its own shares and it can therefore
acquire a maximum of 2,312,760 shares, which will jointly correspond to 10% of
the total number of shares in Bilia.
This buy-back is one stage in Bilia’s efforts to continue to adapt its own and
the Group’s capital structure.
The shares will be acquired through purchase
247 Media Group LLC
247 Media Group, Inc. Becomes Pink Sheets Traded Company
FORT LAUDERDALE, Fla., May 15, 2006 (PRIMEZONE) -- 247 Media Group, Inc. (Pink Sheets:TFMG) is pleased to announce that it has become a Pink Sheet traded company, TFMG had initially filed its Form 15c-211 in June of 2005. This clears the way for the company to begin actively trading and create liquidity for our shareholders.
Metso to Supply Paper Machine to Anhui Shanying, China
HELSINKI, Finland, May 15, 2006 (PRIMEZONE) -- Metso Paper will supply a paper machine to Anhui Shanying Paper Industry Co., Ltd. in China. The machine, having an annual capacity of 180,000 tonnes, is to come on stream in the first quarter of 2008. The total value of the order is close to EUR 50 million.
Jerini AG Reports First Quarter Financial Results
BERLIN, May 15, 2006 (PRIMEZONE) -- Jerini AG (FSE:JI4) reported financial results for its first quarter ended March 31, 2006. Under International Financial Reporting Standards (IFRS), revenues for the three-month-period increased by 61.4 percent to EUR 3.2 million from EUR 2.0 million for the same period in 2005, primarily attributable to revenues from a partnership agreement with Kos Life Sciences, Inc. As of March 31, 2006, cash and cash equivalents amounted to EUR 89.3 million, compared to EUR 96.7 million at year end 2005. "Our solid financial position further supports our expansion in the area of sales and marketing for the expected 2007 market launch of Icatibant for hereditary angioedema," said Jens Schneider-Mergener, CEO of Jerini. "We remain on track to report top line results from both Phase III clinical trials in the third quarter." Research and development expenses of EUR 5.9 million (EUR 3.0 million in the prior year period) reflect higher spending for clinical studies, including the current Phase III hereditary angioedema (HAE) trials, and for the advancement of other projects. An increase in general and administrative expenses to EUR 1.6 million (compared to EUR 1.1 million in the prior year period) is mainly the result of expenses related to personnel, compensation for stock options granted in the third quarter of 2005, and to the increased reporting requirements of the company and investor relations activities. Therefore, loss from operations before tax and finance cost (EBIT) increased to EUR 5.3 million (EUR 3.2 million in the prior year period). For the three-month-period ended March 31, 2006, net loss amounted to EUR 4.7 million (compared to EUR 3.0 million in 2005), and loss per share amounted to EUR 0.09 million (EUR 0.38 million in the prior year period). Cash used in operating activities as of March 31, 2006 totaled EUR 6.2 million (compared to EUR 3.0 million in the prior year period). Net cash burn for the first three months in 2006 amounted to EUR 6.7 million. Net cash burn is calculated by the addition of cash used in operating activities (EUR 6.2 million) and cash used in investing activities (EUR 0.5 million), as disclosed in the unaudited consolidated cash flow statements for the three-month-period ended March 31, 2006.
OTA Flash Forum c/o Bitfone
OTA Flash Forum Formalizes Structure and Elects Jim Eckels as New Chairman
LAGUNA NIGUEL, Calif., May 15, 2006 (PRIMEZONE) -- The OTA Flash Forum (OTAFF), a special interest group addressing the technical and operational issues facing over-the-air (OTA) management of mobile devices, today announced that it has formalized its structure as an independent, nonprofit organization and has elected Jim Eckels, general manager of Digital Solutions & Accessories at Motorola as the new chairman of the OTA Flash Forum. Gene Wang, CEO of Bitfone and co-founder of the OTA Flash Forum, will remain actively involved in OTAFF as a board member.
Golden Patriot Corp.
Crews Being Mobilized on Past Producing Lucky Boy Uranium Mine
UNIONDALE, N.Y., May 15, 2006 (PRIMEZONE) -- Golden Patriot, Corp. ("GPTC") (OTCBB:GPTC) (Frankfurt:GPU) is pleased to announce that it has been informed by the operator (Ashex) of the project that crews are being mobilized for further exploration and in preparation for the upcoming drill program on the Lucky Boy past producing uranium mine in Gila County, Arizona. The company has advanced to the operator the funds for the necessary state and federal bond requirements. The operator is now preparing the documentation required for the drill permits. The operator signed-off on a service contract with SWCA Environmental Inc., to initiate the biological and archeological surveys on the Lucky Boy property as required by BLM and State law and in compliance with the Plan of Operations. This normal procedure must precede any surface disturbance like road building, trenching, drilling etc.
SmallCap Sentinel: Using Cannes to Spark Interest in Film Companies
IRVINE, Calif., May 12, 2006 (PRIMEZONE) -- "The Cannes film festival is perhaps the most Darwinian opportunity for smaller film companies to compete and bring their films to market," said SmallCap Sentinel analyst D.R. Clark. "There the emerging film company stands next to the largest, their creative work competing without regard to ad budget, theatre count or other factors that often stack the deck in favor of the powerhouse filmmakers in the open market."
Scott+Scott, LLC Notifies Investors of Filing Deadline: Four Business Days to Move for Lead Plaintiff Appointment in Class Action Against PainCare Holdings, Inc. -- PRZ
COLCHESTER, Conn., May 12, 2006 (PRIMEZONE) -- Scott+Scott, LLC, reminds investors that four business days remain in which to request that the Court appoint them as lead plaintiff in a securities-fraud action against PainCare Holdings Inc. ("PainCare" or the "Company") (AMEX:PRZ) and certain officers. On April 3, 2006, Scott+Scott, LLC, filed a class action in the U.S. District Court for the Southern District of Florida on behalf of PainCare securities purchasers during the period August 27, 2002 through March 15, 2006, inclusive (the "Class Period").