latest news releases from the newsroom
Kingdom Ventures Inc.
Mel Gibson's `Passion' Worldwide Film Receipts Top $609 Million
MINDEN, Nev., July 19, 2004 (PRIMEZONE) -- Kingdom Ventures, Inc. (KDMV)) announced that it was joining in the Pre-Release Sales of Blockbuster Movie on Video set for release on August 31. "The Passion" is the year's biggest box-office money maker -- a startling $609 million in worldwide ticket sales since it was released in February. "The success of The Passion is part of a much larger trend of an already rising tidal wave of Americans who are deciding to make a financial statement by supporting those companies and products that reflect their way of life," stated Gene Jackson, Founder and CEO of Kingdom Ventures.
FindProfit.com Provides Investment Coverage of Oil Service Stocks
PRINCETON, N.J., July 19, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today that it has provided to trial and paid subscribers investment coverage of the oil services sector, including coverage of Pride International (NYSE:PDE) and Rowan Companies (NYSE:RDC).
Occidental Petroleum Corp.
Occidental Announces Senior Management Changes
LOS ANGELES, July 19, 2004 (PRIMEZONE) -- Dr. Dale R. Laurance, President of Occidental Petroleum Corporation (NYSE:OXY) and head of its oil and gas operations has announced his plan to retire December 31, 2004 upon completion of 21 years of service. Dr. Laurance's decision was based on health related considerations. Dr. Laurance will relinquish his oil and gas duties effective immediately, but will continue to serve as President and remain on Occidental's Board of Directors through the end of 2004. Dr. Ray R. Irani, Occidental's Chairman and Chief Executive officer, will assume the additional title of President on January 1, 2005.
World's largest nickel producer orders major equipment package from Atlas Copco
STOCKHOLM, Sweden, July 19, 2004 (PRIMEZONE) -- Russia's MMC Norilsk Nickel Group, the world's largest producer of nickel and palladium, is to make another major addition to its huge fleet of Atlas Copco equipment currently at work in Russian mines. The order, worth around MEUR 9 (over MSEK 80), is for nine face drilling rigs, ten loaders and one mine truck.
Skanska sells property in Budapest for SEK 618 M, with a gain of SEK 261 M
STOCKHOLM, Sweden, July 19, 2004 (PRIMEZONE) -- Skanska is selling the office property Science Park in Budapest for SEK 618 M (EUR 67.5 M). The capital gain amounts to SEK 261 M (EUR 28.5 M) and will be reported during the third quarter of 2004. The buyer is the German fund management company SachsenFonds Gmbh, linked to LandesBank Sachsen GiroCentrale.