latest news releases from the newsroom
Aventura Holdings, Inc.
Sun Network Group Plans Expansion of Live Media Enterprises
CORAL SPRINGS, Fla., Aug. 13, 2002 (PRIMEZONE) -- Howard Mauskopf, founder and CEO of Live Media Enterprises ("LIVE"), was recently interviewed on IPOdesktop.com, a Web radio show, wherein he spelled out in detail his plans for expanding the company. Sun Network Group (OTCBB:SNNW) recently announced it signed a letter of intent to acquire Beverly Hills, California based LIVE.
Virage Webinar Highlights New Solution for Automated Publishing of Video and Rich Media Delivery
SAN MATEO, Calif., Aug. 13, 2002 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE) today announced that Virage will be hosting a free online seminar covering its newest publishing solution, VS Publishing(tm) 2.0. Announced in July, VS Publishing is the industry's first software product for automated packaging, distribution and publishing of video and rich media content to the Internet and corporate Intranets. The seminar will be webcast on August 15, 2002 at 9:30 a.m. PT (12:30 p.m. ET).
Old Mutual plc
Terms of the Offer by Nedcor to Acquire Nedcor Investment Bank ("NIB")
LONDON, Aug. 13, 2002 (PRIMEZONE) -- Old Mutual draws attention to today's announcement by its subsidiary Nedcor Limited ("Nedcor"), the South African banking group, in which it has a 53% stake, detailing the terms and financial effects of the offer for the issued shares of NIB, other than the shares already held by Nedcor, by way of a scheme of arrangement. Nedcor currently has an 84% stake in NIB.
Volvo Penta Receives Order for 900 Engines
GOTEBORG, Sweden, Aug. 13, 2002 (PRIMEZONE) -- Volvo Penta has secured an order from Saudi Arabia for a total of 900 diesel engines. The total value of the order is approximately MSEK 200.