latest news releases from the newsroom
The SAS Group has Agreed with Amadeus to Sell Its Shareholding in SMART
STOCKHOLM, Sweden, July 5, 2002 (PRIMEZONE) -- The SAS Group has signed an agreement with Amadeus to sell its 95% stake in Scandinavian Multi Access Systems (SMART) to Amadeus. The shares are sold at a total price of approximately MSEK 1.000. The capital gain in the SAS Group is approximately MSEK 800 and the positive effect on cash and net debt is MSEK 950. The transaction is subject to regulatory approval and is expected to close before end of August.
Telelogic Continues Success Within the Australian Defense Industry
MALMO, Sweden, July 4, 2002 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading provider of solutions for advanced systems and software development, today announced that a leading Australian defense subcontractor has signed an agreement worth US$560.000 for licenses of Telelogic DOORS. The agreement is for a 5-year period and allows the customer to standardize on Telelogic's market leading solution for requirements management. Under the agreement the customer also has the opportunity to adopt Telelogic's other application development tools to benefit from the efficiencies offered by an integrated development environment.
Old Mutual plc
Nedcor Bank Limited Issue of Subordinated Unsecured Callable Notes
LONDON, July 4, 2002 (PRIMEZONE) -- Old Mutual (LSE:OML) (Pink Sheets:ODMTF) draws attention to the announcement made today by Nedcor Bank Limited ("Nedcor Bank"), a subsidiary of Nedcor Limited ("Nedcor"), the South African banking group, in which Old Mutual has a 53% holding, detailing the terms of the R4 billion subordinated and unsecured Notes placed as part of the fund raising for the acquisition of BoE Limited by Nedcor.The full text of the Nedcor Bank announcement is available on SENS, the JSE Securities Exchange News Service and on Old Mutual's website, www.oldmutual.com. A paper copy of the full Nedcor Bank announcement is available from Investor Relations, Old Mutual Plc, 3rd Floor, 57 Berkeley Square, London W1J 6ER.
Volvo: Invitation to Press Conference
GOTEBORG, Sweden, July 4, 2002 (PRIMEZONE) -- AB Volvo (Nasdaq:VOLVY) hereby invites the representatives of the media to a press conference on Tuesday, July 23, in conjunction with the release of the Volvo Group's report on the first six months 2002.
Semcon AB Receives New Order from Kockums AB
GOTEBORG, Sweden, July 4, 2002 (PRIMEZONE) -- At the end of last year Semcon signed a framework agreement with Kockums AB, which has resulted in extensive cooperation. Semcon's documentation of the refitting of HMS Galo is now complete and has been delivered to Kockums AB.
QXL ricardo plc
QXL and Manchester United Sign Exclusive Co-branding Agreement
LONDON, July 4, 2002 (PRIMEZONE) -- QXL ricardo plc (`QXL') (LSE:QXL) (Nasdaq:QXLC) (Frankfurt:QXL), the panEuropean online auction company, today announces that its U.K. subsidiary, QXL.com, has signed an exclusive cobranding agreement with ManUtd.com ('ManUtd'), the official website for the world's most popular football club.Via its cobranding programme, QXL has integreated its auction technology into the ManUtd.com site, creating a dedicated auction channel. The auctions went live on http://www.manutd.com on 1 July 2002. The auction channel is populated with QXL content, official Manchester United memorabilia from the club and those auctions created by the ManU fanbase.
Glancy Binkow & Goldberg LLP
Glancy & Binkow LLP: 20 Days Remaining to Move to Be a Lead Plaintiff in Shareholder Class Action Against Applied Digital Solutions, Inc. -- ADSXE
LOS ANGELES, July 3, 2002 (PRIMEZONE) -- All persons who purchased securities of Applied Digital Solutions, Inc. ("Applied Digital" or the "Company") (Nasdaq:ADSXE) between February 11, 2000 and May 10, 2002, inclusive (the "Class Period"), may move the Court, not later than July 23, 2002, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy & Binkow LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to firstname.lastname@example.org.
Dresser, Inc. Modifies Its Corporate Structure
DALLAS, July 3, 2002 (PRIMEZONE) -- Dresser, Inc. (the "Company") announced that it has modified its corporate structure by forming a Delaware holding company and two Bermuda holding companies. The transaction was completed today.