latest news releases from the newsroom
Millicom International Cellular
Millicom Announces Expiration of Successful Exchange Offer and Consent Solicitation for 13-1/2% Senior Subordinated Notes Due 2006
NEW YORK, LONDON & LUXEMBOURG, May 5, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC), the global telecommunications investor, today announces that as of 5 p.m. EST time on May 2, 2003, approximately $781 million or 85% of the outstanding amount of Millicom's 13-1/2% Senior Subordinated Discount Notes due 2006, or the "Old Notes", had been tendered in Millicom's private exchange offer and are thereby deemed to have consented to certain amendments to the existing indenture covering the Old Notes. The private exchange offer and consent solicitation has now expired and is expected to close on May 7, 2003.
Boss Media delivers Online Bingo to Victor Chandler
VAXJO, Sweden, May 5, 2003 (PRIMEZONE) -- VictorBingo.com is the third product Boss Media delivers to Victor Chandler Worldwide. Boss Media has earlier delivered two different casinos in two currencies - VictorCasino.com with USD as the base currency & VictorChandlerCasino.com with GBP as the base currency.
Sales OnLine Direct
Boston Red Sox' Shea Hillenbrand Launches Personal Web Site Created by Sales OnLine Direct
WORCESTER, Mass., May 5, 2003 (PRIMEZONE) -- Sales OnLine Direct (OTCBB:PAID) and Shea Hillenbrand are pleased to announce the official launch of Shea Hillenbrand's fan Web site www.sheahillenbrand29.com. Hillenbrand, who just completed an extraordinary rookie season in 2002 as Red Sox third baseman and third base starter for the 2002 American League All-Star Team, is launching the Web site designed and maintained by Sales OnLine Direct.
Seco Tools AB: Annual General Meeting 2003
FAGERSTA, Sweden, May 5, 2003 (PRIMEZONE) -- In his address to the Annual General Meeting of Seco Tools AB on May 5, Lars Renstrom, President and CEO, commented on a number of significant events during 2002 and the business trend during the first quarter of 2003. Global economic conditions were weak during 2002, notably in the US, but Seco Tools was stable and the company had essentially coped well with the economic slowdown, retaining profitability at a satisfactory level. In terms of fixed exchange rates, the sales increase in the first quarter 2003 was attributable to the positive sales performance in Europe and parts of Asia.
Gastar Exploration Ltd.
Gastar Exploration Ltd. Announces Powder River Basin Acreage Sale
MT. PLEASANT, Mich., May 5, 2003 (PRIMEZONE) -- Gastar Exploration, Ltd. (TSX Venture Exchange:YGA) announced today the acceptance of an offer from an undisclosed purchaser for the sale of Gastar's interest in the Culp Draw and Table Mountain areas of the Powder River Basin. Gastar owns approximately 3,033 net acres of federal leases in these areas. The terms of the offer will result in the payment to Gastar of approximately $2,400,000 in cash and Gastar will retain a small overriding royalty interest. The offer is dependent upon the purchaser's review of title information as well as the execution of a mutually acceptable Purchase and Sale Agreement. The transaction is expected to close in approximately 45 days.