latest news releases from the newsroom
Metso Corporation: Sakari Tamminen to Become President & CEO of Rautaruukki as from 1 January 2004
HELSINKI, Finland, Oct. 22, 2002 (PRIMEZONE) -- Metso Corporation (NYSE:MX): Rautaruukki's Board of Directors has appointed Sakari Tamminen (48), M. Sc. (Econ.), as the company's President & CEO as from 1 January 2004. Mikko Kivimaki, President & CEO of Rautaruukki, is retiring on 1 January 2004. Sakari Tamminen will become Senior Executive Vice President and Deputy to the President at the latest on 1 May 2003. Sakari Tamminen is currently employed as Executive Vice President & CFO and as Deputy to the President at Metso Corporation.
Capital Research Group, Inc
TheSUBWAY.com Announces Its Morning Stock Focus List for Tuesday, October 22, 2002: FONX, EP, NVDA, ATTL, VTSS
WESTON, Fla., Oct. 22, 2002 (PRIMEZONE) -- TheSUBWAY.com announces the following Investment Opinions:
Integra LifeSciences Holdings Corp.
Integra LifeSciences Announces Acquisition of Padgett Instruments, Inc.
PLAINSBORO, N.J., Oct. 22, 2002 (PRIMEZONE) -- Integra LifeSciences Holdings Corporation (Nasdaq:IART) announced today that it has acquired Padgett Instruments, Inc., a marketer of instruments used in reconstructive and plastic surgery, for $9.7 million in cash. Padgett, which is based in Kansas City, Missouri, markets a wide variety of high quality, reusable surgical instruments to plastic and reconstructive surgeons, burn surgeons, ENT surgeons, hospitals, surgery centers, and other physicians. These products are sold in the United States through a five-person direct sales force and through certain distributors and OEM accounts. Internationally, the products are sold through distributors.
Del Mar Database
Del Mar Database Launches Consulting Services Group
CHICAGO, Oct. 22, 2002 (PRIMEZONE) -- Del Mar Database (DMD), a leading provider of mortgage banking software solutions for small to mid-size lending institutions, has announced the availability of Consulting Services, the newest addition to its product suite. Consulting Services offers clients in-depth analysis and assistance in establishing optimal business performance by maximizing DMD's flagship DataTrac(r) and WebTrac(r) business applications with the overall objective of helping clients achieve even greater operational efficiencies and profitability. Consulting Services offers more than an improvement of business systems; its services are designed to improve the way clients conduct business by establishing improved business processes, workflows and data integration across disparate applications.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Reports Third Quarter Results
BRIDGEVILLE, Pa., Oct. 22, 2002 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today reported net income for the third quarter ended September 30, 2002 of $191,000, or $0.03 per diluted share, on sales of $15.9 million. This compares with net income of $2.3 million, or $0.38 per diluted share, and sales of $23.3 million in the year ago third quarter. The Company noted that the 2002 third quarter results include the effects of reducing its estimated annual effective income tax rate from 36.5% to 33%. This increased net income by $113,000 or $0.02 per share.