latest news releases from the newsroom
Electrolux Indian subsidiary issues new shares
STOCKHOLM, Sweden, March 18, 2004 (PRIMEZONE) -- (ELUX) As part of the ongoing changes within the Indian operation, Electrolux Kelvinator Limited, the Group's subsidiary in India, is inviting its shareholders to subscribe to new shares totaling approximately INR 2.0 billion (approximately SEK 300m).
Bright Star Ventures Ltd.
Bright Star Provides an Update
VANCOUVER, British Columbia, March 18, 2004 (PRIMEZONE) -- Bright Star Ventures Ltd. (TSX Venture Exchange:BSV) (the "Company") confirms the closing of the 1,391,111 flow-through units previously announced at a price of $0.45 per unit with a 4-month hold period expiring on May 28, 2004. Further, the Company advises that the finder's fee of 111,111 warrants payable to First Republic Securities Corporation has been amended to a two-year term, and not one year. The warrants are exercisable at $0.45 per share in the first year and at $0.50 in the second year. The Company has paid a 10% commission on this financing.
Flo Healthcare Expands Operations with Move to New Facility
NORCROSS, Ga., March 18, 2004 (PRIMEZONE) -- Flo Healthcare Solutions LLC, the leading provider of comprehensive, patented wireless technology solutions designed for the healthcare market, has announced its relocation to a new headquarters facility in Norcross, Georgia, effective March 15, 2004. The move signifies the continuing growth and operational expansion of Flo Healthcare, following its acquisition of EMS Wireless Healthcare in November 2003.
TS&B Holdings Inc.
TS&B Holdings Inc. Executes Investment Agreement to Acquire Gulf Coast Records
ORLANDO, Fla., March 18, 2004 (PRIMEZONE) -- TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB) today announced the acquisition of Gulf Coast Records. TS&B executed an Investment and Management Agreement to acquire 49% of Gulf Coast Records, LLC. Glenn Cummings, with Gulf Coast Records, is a rising recording artist who is on the fast track. Glenn recently attended the Country Radio Seminar (CRS) in Nashville, Tennessee. At CRS Glenn attended panel discussions on the future of country radio and networked with program directors and DJ's from across the nation. Glenn's CRS schedule included interviews with various media outlets in order to promote his upcoming album. While in Nashville, Glenn also met with music industry executives and began assembling a team in preparation for his new album release. Individuals in contract negotiations with Gulf Coast Records, include H.L. Voelker and Miles Bell who will act as production consultants on Glenn's album, and Lisa Berg of Berg & Associates who will direct Glenn's press and publicity. http://www.glenncummings.net
Volvo Group to Implement Industrial Relocation
GOTEBORG, Sweden, March 18, 2004 (PRIMEZONE) -- The Volvo Group is carrying out an industrial relocation in Europe as a result of which manufacture of crankshafts for medium-heavy truck engines is being increased at Villaverde, Spain, while Renault's truck production is being concentrated to Bourg-en-Bresse in France. The relocation is a consequence of the transition to a greater degree of shared technical architecture for trucks within the Volvo Group.