latest news releases from the newsroom
Vitrolife announces issuance of patent for new cell cryopreservation technique
STOCKHOLM, Sweden, March 10, 2003 (PRIMEZONE) -- Vitrolife (Stockholm:VITR) inventors have been granted a U.S. Patent for a new cryopreservation technique for viable cells, called loop vitrification. Cells are stored in a glass-like state without undergoing crystallization. Besides resulting in significantly higher viability and recovery of biological specimens after storage at low temperature (-196 degrees C), the vitrification method is easy to perform and does not rely on the use of specialized equipment, such as freezing machines.
Possio Launches GPRS PC Card Based On Siemens' Mobile Technology
STOCKHOLM, Sweden, March 10, 2003 (PRIMEZONE) -- Siemens and Possio developed a totally remote laptop computer modem that supports the general packet radio service (GPRS). The card enables data communication in current and future high-speed global system for mobile communication (GSM) networks.
The Board of Directors of Gambro Resolves on a Stock Incentive Program for the Group
STOCKHOLM, Sweden, March 10, 2003 (PRIMEZONE) -- The Board of Directors of Gambro AB ("Gambro") (Other OTC:GAMBF) has resolved to introduce a Stock Incentive Program consisting of three parts; a stock option program, similar to the programs introduced in 1999-2002 which are described in the annual report of Gambro, and two new types of programs based on allotment of shares pursuant to an American model (a so-called restricted stock program and a so-called performance share program).
Vitrolife Reduction of the Share Premium Reserve
STOCKHOLM, Sweden, March 10, 2003 (PRIMEZONE) -- In order to facilitate future dividends to the shareholders, the Board of Directors has today decided to propose the ordinary general meeting May 14, 2003, to approve a reduction of the share premium reserve of SEK 291.6 million, of which SEK 35.3 million will be used to cover retained losses, and SEK 256.3 million will be transferred to the company's unrestricted equity. The company's unrestricted equity amounts to SEK - 35.3 million. The company's restricted equity amounts to SEK 482.6 million, constituting of SEK 18.4 million in share capital and SEK 464.2 million in share premium reserve. After the reduction, the company's equity will be made up as follows: Share capital of SEK 18.4 million, Share premium reserve of SEK 172.6 million and unrestricted equity of SEK 256.3 million. The transfer to unrestricted equity can not be executed without approval from the district court, which is expected during August, 2003.
Contagious Outbreak of Spring Fever Spreads All Over Northeast Philadelphia
PHILADELPHIA, March 10, 2003 (PRIMEZONE) -- On Saturday, March 15, 2003, Golden Gates, Philadelphia's premiere European night club, will host the debut performance of Jaci, the next music phenomenon. Jaci Shapiro is no stranger to the stage, this extremely talented, not to mention beautiful, Neshaminy High school honor student has been performing since she was 3 years old. Jaci is a national Ballroom dance champion. She can play the violin and piano, and can sing in 4 languages. This Russian-American, soon to be superstar, puts on a very high-energy performance.
Chitwood & Harley
Chitwood & Harley LLP Files Securities Class Action Lawsuit Against Parametric Technology Corporation and Certain of its Officers and Directors -- PMTC
ATLANTA, Match 10, 2003 (PRIMEZONE) -- Chitwood & Harley announces that it has filed a class action lawsuit in the United States District Court for the District of Massachusetts, on behalf of purchasers of securities of Parametric Technology Corporation, (Nasdaq:PMTC) between October 19, 1999 and December 31, 2002, (the "Class Period"). The suit is brought against Parametric Techology Corporation and certain of its officers and directors. A copy of the complaint is available on our website, www.classlaw.com. The deadline to file lead plaintiff papers, for those class members wishing to serve in this capacity, is April 15, 2003.
Nominations to AB Volvo's Board of Directors
GOTEBORG, Sweden, March 10, 2003 (PRIMEZONE) -- Prior to AB Volvo's (Nasdaq:VOLVY) Annual General Meeting on April 9, Volvo's Nomination Committee has decided to propose Neelie Kroes and Haruko Fukuda as new members of AB Volvo's Board of Directors. In other respects, the re-election of Lars Ramqvist (Chairman), Per-Olof Eriksson, Patrick Faure, Tom Hedelius, Finn Johnsson, Louis Schweitzer, Ken Whipple and Leif Johansson is proposed.