latest news releases from the newsroom
Humana Trans Services Holding Corp. to Sell Operations to Provo International
HANOVER, Md., Aug. 17, 2004 (PRIMEZONE) -- Humana Trans Services Holding Corporation (OTCBB:HTSC) (http://www.humanaservices.com) announced that it has signed a letter of intent, dated July 27, 2004, executed July 30, 2004, with Provo International, Inc. (formerly Frontline Communications Corp.) (AMEX:FNT) whereby Provo will acquire all of Humana's operations in an all-stock transaction, with a majority ownership of the combined entity remaining with the existing Provo shareholders. Pursuant to the terms of the transaction, Provo will pay two (2) shares of its common stock for each three (3) shares of Humana owned by the shareholder on the record date. Based on the current issued and outstanding shares of common stock of Humana, Provo will issue approximately 7,200,000 shares of common stock to the Humana shareholders. The closing is to take place, pursuant to the Letter of Intent on or before September 15, 2004. After the closing of the Provo transaction, Ronald Shapss, currently Chairman of Humana will be named Chairman, President and COO of Provo.
Breakaway Marketing Group
Breakaway Marketing Introduces SSL VPN Gateway Evaluation Guides
MENLO PARK, Calif., Aug. 17, 2004 (PRIMEZONE) -- The Breakaway Marketing Group ("Breakaway") today announced its new series of SSL VPN Gateway evaluation guides for organizations building secure extended networks. Each comprehensive guide offers an unmatched, in-depth look at the key features and benefits of an individual vendor's product line. Vendor-specific guides are available for products from Aventail, F5 Networks, Whale Communications, and many others. And several vendors, including PortWise and V-ONE, are sponsoring their respective guides, making them available to any organization purchasing SSL VPN Gateways in the next six months at no cost.
TeliaSonera Gains Full Ownership of Omnitel
STOCKHOLM, Sweden, Aug. 17, 2004 (PRIMEZONE) -- TeliaSonera today announces that its wholly owned subsidiary Amber Mobile Teleholding AB has reached an agreement with the Kazickas family to acquire their 10 percent holding in UAB Omnitel of Lithuania. Having acquired the remaining outstanding shares, Omnitel is thereby fully owned by TeliaSonera. TeliaSonera agreed to pay USD 63.5 million including dividends until closing for the Kazickas family's shares. The share price is based on a valuation of Omnitel amounting to USD 603 million for 100 percent of the shares. The deal will be closed today.