latest news releases from the newsroom
Smedvig secures new contract for West Epsilon
STAVANGER, Norway, August 22, 2003 (PRIMEZONE) -- BP in Norway has awarded Smedvig (NYSE:SMVa) (NYSE:SMVb) a new long-term production drilling contract for the ultra-large jack-up drilling rig West Epsilon on the Valhall Flank in the North Sea. The contract has a firm program of eight wells, estimated to 14 months. In addition, the contract includes an option to extend the agreement with up to 16 wells. In the event of such extension of the drilling program on Valhall Flank, BP has an obligation to employ West Epsilon.
Extraordinary General Meeting in Pyrosequencing Regarding the Acquisition of Personal Chemistry
UPPSALA, Sweden, August 22, 2003 (PRIMEZONE) -- As announced on August 7, 2003, Pyrosequencing AB ("Pyrosequencing") (Stockholm:PYRO A) (Other OTC:PYRSF)and the principal shareholders in Personal Chemistry in Uppsala AB ("Personal Chemistry") have reached an agreement that Pyrosequencing will acquire the principal shareholders' shares in Personal Chemistry, representing 94.1 percent of the share capital and votes in the company. As a consequence of this, Pyrosequencing's Board has today decided to call for an extraordinary general meeting on September 25, 2003. The summons will be published around August 27, 2003.
Half Year Report of Sika AG, Baar, Switzerland
BAAR, Switzerland, Aug. 22, 2003 (PRIMEZONE) -- Despite the adverse business climate, Sika (Other OTC:SKFOF) succeeded in increasing its sales. In Swiss Francs, net sales in the first half of 2003, totaling CHF 1,069.8 m (previous year: CHF 1,034.9 m), were 3.4% higher than in the corresponding period last year. Expressed in local currencies, sales were 10.2% higher. Both operating divisions of the specialty chemicals company contributed to the gain: Construction 8.4%, Industry 14.8%. The improvements reflect renewed gains in Sika's market position.
NEON Communications Group, Inc.
Globix Corporation Reports Third Fiscal Quarter 2003 Results
NEW YORK, August 22, 2003 (PRIMEZONE) -- Globix Corporation (OTCBB:GBXX) today reported financial results for its third quarter of fiscal year 2003, which ended June 30, 2003, citing continued progress in its post-restructuring period. The company also announced that it had repurchased an additional $2.7 million of its outstanding 11% Senior Notes during the quarter.