latest news releases from the newsroom
Kungsleden Sells Properties
STOCKHOLM, Sweden, June 13, 2003 (PRIMEZONE) -- The property company Kungsleden AB (publ) (Other OTC:KGSDF) (Stockholm:KLED) has sold the properties Stockholm Borg 3, Borg 6 and Gullfoss 1 in Kista.
Victor Industries, Inc.
Victor Industries Hires Experienced Sales Manager
GREAT FALLS, Mont., June 13, 2003 (PRIMEZONE) -- Victor Industries, Incorporated (OTCBB:VICI) is pleased to announce that New Wave Media Corporation, a wholly owned subsidiary of Victor Industries, has hired Jim Flanagan as sales manager of The Heat 100.3 FM radio station in Great Falls, MT.
GeneMedix plc -- Placing of New Shares for Cash
SUFFOLK, U.K., June 13, 2003 (PRIMEZONE) -- GeneMedix plc ("GeneMedix" or "the Company") (LSE:GMX), the U.K. multi-sourced biopharmaceutical company with operations in Europe and Asia and with joint London and Singapore Stock Exchange listings, announces that, in response to investor demand it is raising approximately 1.5 million Pounds before expenses through a placing for cash of 8,983,003 new ordinary shares. The new shares, which represent approximately 3 per cent. of GeneMedix's issued share capital prior to the placing, have been placed with a number of investors in Singapore and Malaysia at a placing price of 16.65 pence per share. The placing price represents a discount of approximately 10 per cent. to the closing middle market price on London Stock Exchange on 11 June 2003.
GeneMedix plc: Letter of Intent signed with Penang Development
SUFFOLK, U.K., June 13, 2003 (PRIMEZONE) -- Letter of Intent signed with Penang Development Corporation to establish Biotechnology Company in Penang, Malaysia for the development, manufacture and commercialisation of human insulin. GeneMedix plc (LSE:GMX) and Penang Development Corporation ("PDC") today announce the signing of a letter of intent ("LoI") under which GMX and PDC will work together to set up a Company in Penang, Malaysia for the development, manufacture and commercialisation of human insulin.