latest news releases from the newsroom
Fidelity Management Research Company's Holdings in Metso to 5.01 percent
HELSINKI, Finland, Nov. 15, 2005 (PRIMEZONE) -- Metso Corporation has been informed about an increase in the holding of Fidelity Management Research Company and its subsidiaries of the paid up share capital of Metso Corporation. On November 10, 2005, Fidelity Management Research Company and its subsidiaries owned a total of 7,092,500 Metso shares, which corresponds to 5.01 percent of the paid up share capital and voting rights of Metso Corporation.
InfiniCall Corporation Announces Revenue for Last Billing Cycle
LOS ANGELES, Nov. 15, 2005 (PRIMEZONE) -- InfiniCall Corporation (OTCBB:INFL), as has been explained in InfiniCall's most recent Form 10-K filed with the Securities and Exchange Commission, had pledged its accounts receivables to a third party, which had managed InfiniCall's customer base over the last few months. The Company reported last month, in a press release, that it had negotiated a substantial across-the-board decrease in its telephone rates. While the third party continues to manage InfiniCall's accounts that are subject to return to InfiniCall, the Company is pleased to report that Gross Billings for its most recent monthly cycle exceeded $6 million. The Company, therefore, anticipates that annually, Gross Billings will be approximately $70 million when the customer base is returned to InfiniCall.
Telenor to Offer up to Four Times Higher ADSL Speeds in the Business Market
OSLO, Norway, Nov. 15, 2005 (PRIMEZONE) -- Telenor again undertakes a significant broadband upgrade for its business customers. As of 15 November, customers may enjoy up to four times higher ADSL speeds."Broadband has become a key part of the infrastructure of both businesses and public sector activities. In response to this development, we are now offering increased speeds at unchanged rates," said Head of Division Stein-Erik Vellan, at Business Norway.
Petroleum Geo-Services ASA
PGS Launches Full Refinancing and Explores Separation
OSLO, Norway, Nov. 15, 2005 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS) (NYSE PGS) announced today that, following a comprehensive review of PGS' strategy and financial structure, its Board of Directors has decided to refinance most of the Company's debt by raising a new $1 billion facility, comprised of a $850 million term loan and $150 million revolving credit facility and launching a tender offer for all of its $746 million outstanding 10% Senior Notes due 2010. In addition to reduced interest expenses and extended maturities the refinancing will improve the Company's financial and strategic flexibility. Earlier this month, PGS completed the redemption of its 8% Senior Notes due 2006.
Petroleum Geo-Services ASA
Petroleum Geo-Services ASA Announces Cash Tender Offer and Consent Solicitation for All Outstanding 10% Senior Notes due 2010
OSLO, Norway, Nov. 15, 2005 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS)(NYSE:PGS) announced today that it has commenced a cash tender offer and consent solicitation for any and all of its outstanding $745.9 million aggregate principal amount of 10% Senior Notes due 2010 (the "Notes"). The tender offer is scheduled to expire at 8 a.m New York City time, on December 14, 2005, ("Expiration Date"), unless extended. The consent payment deadline is at 5 p.m. New York City time, on November 29, 2005 ("Consent Payment Deadline") unless extended. The tender offer is being made upon the terms, and subject to the conditions, set forth in the Offer to Purchase and Consent Solicitation Statement dated November 15, 2005 ("Offer to Purchase"), which more fully sets forth the terms of the tender offer and consent solicitation. Holders may withdraw their tenders prior to 5 p.m. New York City time on November 29, 2005, but not thereafter, except as may be required by law or as may be extended under the Offer to Purchase.
Epigenomics AG Announces End of VC Pooling
BERLIN and SEATTLE, Nov. 15, 2005 (PRIMEZONE) -- Epigenomics AG (Frankfurt, Prime Standard:ECX), a molecular diagnostics company developing tests based on DNA methylation, announced today that it has been informed by the majority of its venture capital investors: