latest news releases from the newsroom
Telenor: Settlement with WR Com Enterprises Ltd.
OSLO, Norway, Oct. 8, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) has made a settlement with WR Com Enterprises Ltd., a Cypriot company. Under the terms of the settlement, Telenor will pay to WR Com Enterprises EUR 33,6 million.The background for the litigations is the claim of an alleged breach of contract when Telenor B-Invest AS sold Cosmote-shares to WR Com Enterprises Ltd and Telenor Greece AS acquired WR Com Enterprises Ltd's shares in Telenor B-Invest AS. Telenor B-Invest AS was a holding company with 30 per cent of the shares in the Greek mobile operator Cosmote. Originally Telenor Mobile Communications AS and WR Com Enterprises Ltd owned 73.33 per cent and 26.67 per cent of the shares in Telenor B-Invest AS respectively.
Kingdom Ventures Inc.
Kingdom Ventures Featured on MacReport.Net
MINDEN, Nev., Oct. 8, 2003 (PRIMEZONE) -- Kingdom Ventures Inc. (OTCBB:KDMV) announced today that CEO Gene Jackson is featured on the MacReport.Net. (OTCBB:MRPT), a leading provider of online business and financial information. "Through our presence on the MacReport.Net, Kingdom Ventures continues its effort to increase the company's visibility and distribute information to the investment community. This is a great platform for our company to reach KDMV's shareholders as well as potential investors while delivering our story in a way that is both intimate and efficient," stated Gene Jackson.
Intertex Certifies Xten Interoperability with World's First Broadband SIP Firewall
NASHUA, N.H., Oct. 8, 2003 (PRIMEZONE) -- Intertex Data AB today announced that the Xten Network' softphones X-PRO and X-Lite have passed extensive SIP (Session Initiation Protocol) interoperability tests with the Intertex IX66 Internet Gate firewalls and ADSL modems. The interoperability testing cements a partnership between two companies that have proven to be on the front edge of SIP related development -- Xten, the developer of the open standards based softphone X-PRO, and Intertex, the first company to offer a broadband firewall that enables SIP-based IP telephony.
Amersham Share Price
BUCKINGHAMSHIRE, U.K., Oct. 8, 2003 (PRIMEZONE) -- Amersham plc (LSE:AHM) (NYSE:AHM), has noted today's movement in its share price. Amersham announces that it has received an approach which may or may not lead to an offer for the Company as a whole. No agreement has been reached and a further announcement will be made as appropriate.
Volvo Aero signs agreement with Skyways Express worth at least SEK 100 M
GOTEBORG, Sweden, Oct. 8, 2003 (PRIMEZONE) -- Volvo Aero and Skyways Express have signed an agreement whereby Volvo Aero will become Skyways' exclusive supplier of engine overhaul and equipment maintenance services for the PW125 engines. The agreement is estimated to be worth at least SEK 100 M to Volvo Aero.
Novartis partners with Sankyo on gastro-intestinal drug development program
BASEL, Switzerland, Oct. 08, 2003 (PRIMEZONE) -- Novartis (NYSE:NVS) has signed an agreement with Sankyo (TSE: 4501) of Japan to co-develop and subsequently commercialize a treatment for gastro-esophageal reflux disease and peptic ulcers. The agreement focuses on Sankyo's CS-526 acid pump antagonist, which is currently entering Phase I clinical trials. The novel oral compound was discovered by Sankyo and Ube Industries, Ltd. (TSE: 4208). If successful, the new reversible acid pump antagonist class of drug may offer therapeutic advantages over existing antacid therapies, and may have the potential to achieve faster acid reduction and more durable activity, resulting in quicker symptom relief and ulcer healing. The program includes four alternative potential drug candidates.