latest news releases from the newsroom
Smedvig Secures new Drilling Contract for West Alpha
STAVANGER, Norway, March 14, 2003 (PRIMEZONE) -- Smedvig (NYSE:SMVa) (NYSE:SMVb): A letter of intent has been awarded to Smedvig by Statoil for the assignment of the fourth generation drilling rig West Alpha. The contract includes drilling of two water injection wells at the Heidrun field in the Norwegian Sea, with an option for additional 30 days. The estimated contract value for the firm part of the contract is approximately U.S. $15 million. The drilling period is estimated to approximately five-months. Start-up of operations is scheduled for the second part of June, after completion of the assignment for Pertra. West Alpha is currently drilling for Britannia at the U.K. continental shelf.
Kinnevik files to Deregister American Depositary Shares
STOCKHOLM, Sweden, March 14, 2003 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB) today announced that it has filed a certification and notice of termination with the U.S. Securities and Exchange Commission for the voluntary deregistration of the Company's American Depositary Shares under the Securities Exchange Act of 1934, as amended. In connection with the deregistration of the ADSs, the Company intends to request the delisting of Kinnevik's series A and series B ADSs from the NASDAQ National Market. These actions will not affect the continuing listing of Kinnevik's series A and series B shares on the Stockholm Stock Exchange.
International Broadcasting Corporation
International Broadcasting Corporation Announces New Sponsor for 'Stock Talk LIVE' Radio Show -- The Blue Moon Group, Inc.
SANTA MARIA, Calif., March 14, 2003 (PRIMEZONE) --International Broadcasting Corporation (OTCBB:IBCS) announced today that it has signed on a new sponsor for its radio talk show "Stock Talk LIVE." The Blue Moon Group, Inc. (OTCBB:BMOO) is the latest sponsor for the show. "Stock Talk LIVE" (http://www.ibcradio.com/) is believed to be the very first LIVE radio talk show focused exclusively on micro-cap stocks "on the air" each and every stock market day from opening bell to the close and beyond. Interactivity, interesting guests, and significant short-term trading opportunities are featured in each and every edition of "Stock Talk LIVE." LIVE interviews, commercials, and news updates about The Blue Moon Group will air on "Stock Talk LIVE." News releases from BMOO will also appear at the IBC News Network website (http://www.ibcnn.com/).
Naki Gears Up to Embark on Ten Month National Mall Tour
BALDWIN PARK, Calif., March 14, 2003 (PRIMEZONE) -- Naki, videogame accessories developer, announces their title sponsorship and exhibition in the 4th Annual 2003 "It's Kids Time!" national mall tour, handled by Sports Profiles Plus(tm), a Chicago-based firm that specializes in sports and kids marketing. The tour launches on March 16th in Denver, Colorado and ends in Washington D.C. on December 7th, stopping at the top 39 malls in 21 markets.
Medivir's Research Partner, Peptimmune, Attracts US $41.2m From Investors
HUDDINGE, Sweden, March 14, 2003 (PRIMEZONE) -- Medivir (Stockholm:MVIRb):today announced the American biotech corporation, Peptimmune, has recently obtained US $41.2 million from American investors. As a consequence, Medivir's cathepsin s inhibitor project, partnered with Peptimmune, will benefit and will continue to be pursued aggressively towards the clinical phases of pharmaceutical development.
Peab Disposes own Shares as Payment for Acquisition
FOERSLOEV, Sweden, March 14, 2003 (PRIMEZONE) -- Peab acquired the civil engineering company Samschakt in month of May 2000. The contract claims that part of the purchase sum will be paid with shares of Peab at the latest 2004-05-31. By an agreement entered today, will this part of the purchase sum be paid by transferring 450.000 B-shares in Peab to the former owner of Samschakt, Mr Henry Ljung.
Delisting of Europolitan Vodafone AB (publ)
NEWBURY, U.K., March 14, 2003 (PRIMEZONE) -- Vodafone Group Plc (NYSE:VOD) owns, directly or through its subsidiaries, more than 98 percent of the shares and votes in Europolitan. The Board of Directors of Europolitan has therefore resolved to apply for de-listing of the Europolitan shares from Stockholmsborsen's O-list, Attract 40, and proposes March 28, 2003 as the last trading day.
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc. Files 10-K for the Fiscal Year Ended December 31, 2002; Corrects Average Shares Calculations
WICHITA, Kan., March 14, 2003 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. (Nasdaq:STAR) ("Lone Star") announced that it will file its 10-K today for the fiscal year ended December 31, 2002, including audited financials. For 2002 (a 53-week year), the Company reported revenue from continuing operations increased 3.9% to $615,715,000 from $592,459,000 for the fiscal year. Adjusted for unusual items, EBITDA from continuing operations increased 27.5% to $94,203,000 for the year. Income from continuing operations before unusual items increased 49.2% to $42,276,000 for the year.