latest news releases from the newsroom
Skanska sells Baltzar City in Malmo for SEK 354 M, with gain of SEK 54 M
STOCKHOLM, Sweden, July 2, 2004 (PRIMEZONE) -- Skanska Projektutveckling Sverige AB is selling the S:t Jorgen 21 property in Malmo for SEK 354 M to the open-ended funds grundbesitz-global managed by DB Real Estate Investment GmbH (Deutsche Bank Group). The gain on the sale of SEK 54 M will be reported in the third quarter of 2004. The occupancy date is August 31, 2004, when also payment will be made.
Flint Telecom Group, Inc.
Semotus Announces Financial Results for the Year Ended March 31, 2004
LOS GATOS, Calif., July 2, 2004 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), an innovative provider of real-time professional market data and intelligent wireless communications software, reported its financial results for the year ended March 31, 2004. The Company continues its commitment to the improvement in operations and believes that it is poised to take advantage of an economic recovery in technology. Semotus reduced its net loss for the year ended March 31, 2004 versus 2003 by 34% and also reduced its cash burn from operations by 41%. Operating costs declined by 34% in the fiscal year ended March 31, 2004, which reduced the operating loss from continuing operations by 43%.
UTi Worldwide Announces South Africa Operations to be Black Empowered
RANCHO DOMINGUEZ, Calif., July 2, 2004 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced a proposed transaction designed to qualify the company's South Africa operations as black empowered under recently enacted legislation in South Africa. This transaction, approved by UTi's Board of Directors, is conditioned upon the negotiation and execution of definitive documents and final certification by Empowerdex, a black empowerment rating agency. This certification is anticipated to be received before August 1, 2004, the expected effective date of the transaction. The transaction will not affect UTi's International Healthcare Distributors (Pty) Limited ("IHD") acquisition which became effective last month and which already provides for a 25.1% shareholder interest by an independent broad based black empowerment organization.
Alfa Laval settles with former owner of bioKinetics, Inc.
STOCKHOLM, Sweden, July 2, 2004 (PRIMEZONE) -- Alfa Laval made public in December 2003 that the company had decided to initiate renewed negotiations with the Kinetics Group, Inc., former owner of bioKinetics, Inc. This decision was based on the fact that Alfa Laval suspected irregularities in the accounting of certain customer projects. The parties were originally unable to resolve this matter, leading Alfa Laval to file a lawsuit against the Kinetics Group, Inc. and certain individuals in March 2004.