latest news releases from the newsroom
Frontec Awarded Contract for Customs System in Estonia
SOLNA, Sweden, Dec. 18, 2002 (PRIMEZONE) -- Frontec (Other OTC:FRNRF) (Stockholm:FTECb), as the lead partner in a consortium, has signed an agreement with the Estonian Customs Board on the development and implementation of a customs tariff system similar to the one used by Swedish customs authorities. The project, which is scheduled to be complete in less than a year, has a total value of 1.4 million euros.
Song Networks Holding
Toyota Consolidates Retailing with the Aid of Song Networks
STOCKHOLM, Sweden, Dec. 18, 2002 (PRIMEZONE) -- Song Networks Svenska AB, the Swedish subsidiary of Song Networks Holding AB (Stockholm:SONW) (Other OTC:SONWF), has signed a contract with Toyota Sweden AB for the supply of data communication. Toyota's head office, retailers and servicing garages are being interconnected in a private network using Song Networks' IP/VPN service. Via this network the connected companies will gain access to Toyota's central IT system and a fixed connection to the Internet. The contract is for 3 years and the value for Song Networks approx. SEK 20 million.
Volvo Powertrain Invests SEK 375 M in Skovde, Sweden
GOTEBORG, Sweden, Dec. 18, 2002 (PRIMEZONE) -- AB Volvo's (Nasdaq:VOLVY) business unit Volvo Powertrain AB is investing a total of SEK 375 M in its plants in Skovde, Sweden. The investments cover a new line for casting and modifications of the machining systems for the next-generation heavy diesel engine.
Artimplant's Rights Issue Fully Subscribed
STOCKHOLM, Sweden, Dec. 18, 2002 (PRIMEZONE) -- An extraordinary meeting at Artimplant AB (Stockholm:ARTIb) on Tuesday approved the board's proposed rights issue of ten million new "B" shares at a price of SEK 3. The rights issue is aimed at both institutional investors and major existing owners of the company. At the same time the board was authorized, for the period until the next AGM, to make decisions on a new issue with a preferential right for all shareholders not exceeding 19,250,000 "B" shares at a subscription price of SEK 3, whereby holders of "A" or "B" shares may subscribe to new "B" shares. The special issue is fully subscribed and is bringing SEK 30 million into the company. It is estimated that the two issues will bring a total of SEK 45 million into the company.
Scandinavian Airlines Enters Low-Price Market with New Concept
STOCKHOLM, Sweden, Dec. 18, 2002 (PRIMEZONE) -- On March 30, 2003, Scandinavian Airlines (Other OTC:SASDF) is starting a private travelers program with low-price flights to a number of destinations in Europe. The low-price program targets private travelers who want to travel inexpensively and simply in Europe to destinations that Scandinavian Airlines normally does not serve, or serves to a small extent.
Vodafone Sverige AB
Dell, IBM and Vodafone Sweden Form Working Partnership
STOCKHOLM, Sweden, December 18, 2002 (PRIMEZONE) -- Vodafone Sweden has signed a partnership agreement within its corporate concept Mobile Office, with computer suppliers Dell and IBM for its mobile solution "Connected by Vodafone." This service allows companies and organisations to buy IBM or Dell palmtops and portable computers with pre-installed mobile connections for Vodafone Sweden's GPRS network.
Summa Industries Event to be Broadcast by Vcall Over the Internet
RICHMOND, Va., Dec. 17, 2002 (PRIMEZONE) -- Summa Industries (Nasdaq:SUMX) will broadcast its quarterly results event on Friday, 12/20/2002 at 12:00 PM Eastern, Vcall, a Service of WILink, announced today. This event webcast can be accessed at http://www.vcall.com/EventPage.asp?ID=82863