latest news releases from the newsroom
NetSol Technologies Inc.
NetSol Technologies, Inc. Receives a New Contract from DaimlerChrysler Leasing in Thailand for its LeaseSoft.CAP Middleware Product
CALABASAS, Calif., April 8, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that it has signed a new agreement with DaimlerChrysler Leasing (DCL) Thailand, Ltd. to implement NetSol's LeaseSoft.CAP (Credit Application Processing) middleware product. A customer since 1998, DCL Thailand is currently using the company's LeaseSoft.WFS (Wholesale Finance System) software product. LeaseSoft.CAP has been successfully implemented at DaimlerChrysler Services in Australia and Tung Yang Leasing Company in Taiwan, and is currently being implemented at UMP (Singapore). NetSol's finance application products range in price from $150,000 to $500,000.
Altair Nanotechnologies Inc.
Altair Nanotechnologies Completes Phase One Pigment Contract for Asia Pacific Company
RENO, Nev., April 8, 2003 (PRIMEZONE) -- Altair Nanotechnologies Inc. (Nasdaq:ALTI) announced today that it has successfully completed phase I development and has produced phase pure rutile titanium dioxide (TiO2) entirely from ilmenite concentrates provided by a materials company in the Asia Pacific region. The pigment was produced for that company as part of their development agreement with Altair. The capability is important to companies within the pigment industry as Altair's process takes readily available, inexpensive feedstock and, with its patented process, economically produces phase pure titanium dioxide pigment without the need of expensive intermediate upgrade technologies that include slagging or synthetic rutile production. This effectively reduces the operating cost for the AHPP by roughly US$150-200 per metric ton.
NetSol Technologies Inc.
NetSol Technologies, Inc. Secures $1 Million Line of Credit
CALABASAS, Calif., April 8, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that it has secured a $1 million revolving line of credit from United Kingdom-based DCD Trade Services Ltd, a subsidiary of DCD Holdings Ltd. In February 2003 DCD Holdings signed a $2.0 million investment agreement of which NetSol has already received approximately $260,000. DCD Holdings, one of NetSol's largest investors, has worldwide representation and manages investments of approximately $650 million.
Custos' Board of Directors Proposes Redemption of Every Fourth Share in Custos in Exchange for a Payment of SEK 200 Per Share Redeemed
STOCKHOLM, Sweden, April 8, 2003 (PRIMEZONE) -- Custo's (Other OTC:CUSTF) Board of Directors decided today to call an Extraordinary General Meeting at 10 a.m. on May 7, 2003, in SalenHuset to approve a resolution offering the Company's shareholders the right to redeem every fourth share in Custos in exchange for a payment of SEK 200 per share redeemed. The total value of the proposed redemption payment amounts to MSEK 370 and is equivalent to 32 percent of Custos' total net asset value. Custos' net asset value was SEK 158 per share and its market price was SEK 138,50 per share on March 31, 2003.
United Online, Inc.
Juno Online Services Launches the New Juno SpeedBand Internet Service
WESTLAKE VILLAGE, Calif., April 8, 2003 (PRIMEZONE) -- Juno Online Services, a wholly owned subsidiary of United Online, Inc. (Nasdaq:UNTD), today announced the official launch of Juno SpeedBand, dial-up Internet access service that delivers Web surfing up to five times faster than traditional dial-up access. Juno SpeedBand works from any phone jack using a standard dial-up connection and does not require any new hardware. Juno SpeedBand costs $14.95 per month, which includes the $9.95 per month Juno Platinum Internet service, and can be downloaded in just five minutes at www.juno.com. United Online recently launched its NetZero HiSpeed Service, which also offers up to five times faster Web surfing for $14.95 a month, including the NetZero Platinum Internet service.
Interliant Announces New Monitoring and Management System
PURCHASE, N.Y., April 8, 2003 (PRIMEZONE) -- Interliant, Inc. (OTCBB:INIT) today announced the immediate availability of Interliant Onsight(tm), a new monitoring and management tool that gives its customers an unprecedented level of control of the monitoring and performance of their hosted solutions.
Hansabank: Hansa-LTB's Net Profit, Q1 2003
HELSINKI, Finland, April 8, 2003 (PRIMEZONE) -- The unaudited net profit of Hansa-LTB, Hansabank's Lithuanian subsidiary, was LTL 18.7 million (EUR 5.4 million) in the first three months of 2003.The complete financial results of the bank will be published after the publication of the Hansabank Group (Other OTC:HNSBF) 1st quarter results on April 29.