latest news releases from the newsroom
Offshore Oil Scouts Association, Inc.
The Offshore Oil Scouts Association Celebrates 50 Years of Service to the Oil and Gas Industry as well as 19 Years of Providing Live Broadcasts of the MMS OCS Gulf of Mexico Lease Sales
METAIRIE, La., March 14, 2005 (PRIMEZONE) -- The Offshore Oil Scouts Association (OOSA) announced today that 2005 is its 50th Anniversary as an organization. Six major operators formed the association in January 1955, just three short months after the first OCS Gulf of Mexico sale, which was held in October 1954. OOSA is dedicated to providing the most comprehensive well information of the (U.S.) Offshore Gulf of Mexico and surrounding waters to its member companies. The association maintains a Historical Well File of approximately 57,000 wells dating back to the first discovery well drilled in the Gulf by Kerr McGee in Ship Shoal, block 32, OCS-335. The well produced 600 barrels of oil per day, and to date OCS-335 is still an active/producing lease. Presently OOSA's membership consists of 54 Active and five Associate Member companies.
SMS.ac and IDC to Provide Survey Data and Analysis On Mobility Trends In Near Real-Time
NEW ORLEANS, March 14, 2005 (PRIMEZONE) -- SMS.ac and IDC today announced a survey partnership to provide on-demand wireless market intelligence and analysis utilizing research derived from a global community of wireless technology users. The two companies will collaborate on a series of projects examining key topics impacting the mobile industry. The result will be the industry's most far-reaching research and analysis based on information gathered from mobile handset users in more than 170 countries.
SAS Group Signs Strategic Agreement with Carlson Companies
STOCKHOLM, Sweden, March 14, 2005 (PRIMEZONE) -- SAS Group and US-based Carlson Hotels Worldwide have signed an agreement whereby Rezidor SAS Hospitality Group achieves improved commercial terms and extension options until 2052 of its Master Franchise agreements (MFA) with Carlson in return for a 25% shareholding in Rezidor SAS by Carlson. The MFA is the agreement between Rezidor SAS and Carlson by which Rezidor manages the Carlson Hotel brands operated by Rezidor SAS under the brand names Radisson SAS, Park Inn and Regent throughout Europe, the Middle East and Africa.
Montana Oil & Gas, Inc.
Montana Oil and Gas, Inc. to Explore Further Opportunities in Alberta, Canada
VANCOUVER, British Columbia, March 14, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc. (a Nevada Corporation) (Pink Sheets:MOGI) President Peter Sanders would like to announce that a decision has been made to explore further opportunities in the Alberta Canada region where the company currently has interests in three projects. The company has become aware of existing opportunities to partner in, or acquire leases, which may include producing wells and or exploratory programs which will strengthen Montana's position with energy, cash oriented investment groups.
Metro Hong Kong Extends Distribution Contract With MTR
BERTRANGE, Luxembourg, March 14, 2005 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that that it has extended its distribution contract with MTR Corporation Ltd. until 14 April 2010. The agreement gives Metro the right to distribute the Metro free newspaper from racks in Hong Kong's subway network, which is used by more than 2.2 million commuters every day.
Volvo IT Signs Operating Agreement with Skandia
GOTEBORG, Sweden, March 14, 2005 (PRIMEZONE) -- AB Volvo's subsidiary Volvo IT has taken over responsibility for the Skandia insurance company's mainframe computers. The agreement will run for three years and covers IT operation, technical support, data storage, system monitoring and data communication.
Trelleborg Acquires Special Seals Distributor in India
STOCKHOLM, Sweden, March 14, 2005 (PRIMEZONE) -- Through its Trelleborg Sealing Solutions business area, Trelleborg has acquired the sealing operations of the Indian distribution company Rollon Hydraulics Pvt. Ltd. These operations represent Rollon's principal area of business.
Powerwave Technologies To Acquire Selected Wireless Assets of REMEC, Inc.
SANTA ANA, Calif., March 14, 2005 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that it has signed a definitive agreement with REMEC, Inc. (Nasdaq:REMC) to acquire certain product lines of REMEC's Wireless Systems business. The purchase includes certain selected assets and liabilities related to REMEC's Wireless business. These specific product lines include RF conditioning products, filters, tower-mounted amplifiers and RF power amplifiers. The proposed acquisition does not include other businesses or obligations of REMEC, Inc.
Torstar, CanWest and Metro Form Joint Venture and Launch Metro Vancouver
BERTRANGE, Luxembourg, March 14, 2005 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that Torstar Corporation, CanWest Global Communications Corp. and Metro International S.A. have formed a joint venture to publish English-language free daily newspapers in various Canadian cities. Each company will have a 33.3% interest in the new venture.