latest news releases from the newsroom
CORUS -- video interview with CEO
LONDON, Sept. 16, 2004 (PRIMEZONE) -- CORUS -- interim results. Indepth interview available now on www.cantos.com with Philippe Varin, Chief Executive, Aviva (LSE:CS)
COLT Telecom Group plc
COLT Announces Early Redemption of the DM 600m 2% Senior Convertible Notes Due 2005 and the EUR368m 2% Senior Convertible Notes Due December 2006
LONDON, Sept. 16, 2004 (PRIMEZONE) -- COLT Telecom Group plc (Nasdaq:COLT), a leading pan-European provider of business communications solutions and services, announced today that it has given notice of the redemption of all of the outstanding DM600 million 2% Senior Convertible Notes due 2005 and the EUR368 million 2% Senior Convertible Notes due December 2006. Including accretion the effective interest rates on the Notes are 4.25% and 5.25% respectively. The redemptions will be at the accreted principal amount of the Notes plus accrued interest and will be funded out of COLT's cash and liquid resources. The aggregate amount payable will be approximately GBP317 million. The redemptions will take place on 19 October 2004.
Helvetia Patria Holding
Half-year result 2004: Helvetia Patria - continuously successful
ST. GALLEN, Switzerland, Sept. 16, 2004 (PRIMEZONE) -- The Europe-wide active Helvetia Patria Group reports a profit of CHF 73.7 million for the first half-year 2004 (prior-year: CHF 26.8 million). Life and non-life business have both contributed to this favourable outcome. With the shareholders' equity remaining virtually the same the return on the equity increased from 11.7 per cent to 13.8 percentage points. Premium income amounts to CHF 3.07 billion.
Gamestate Announces Name Change and Symbol Change
VANCOUVER, British Columbia, Sept. 15, 2004 (PRIMEZONE) -- Quest Oil Corporation (formerly known as Gamestate Entertainment) (OTCBB:GMSE) announced that the company has changed its name to Quest Oil Corporation, a name which is more in line with the company's future operational business prospects. Additionally, Quests' stock symbol has changed today from "GMSE" to "QOIL".