latest news releases from the newsroom
AB Volvo repurchase 250,000 B shares
GOTEBORG, Sweden, Dec. 2, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Wednesday, December 1, acquired 250,000 series B shares. The shares were traded between SEK 273.00 and 274.50 with an average price of SEK 273.52.
Powerwave Technologies Announces Exercise of Option to Purchase Additional Convertible Notes
SANTA ANA, Calif., Dec. 1, 2004 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that the initial purchaser in Powerwave's recent private placement of $150 million of convertible subordinated notes due November 2024 exercised its right, in full, to purchase an additional $50 million of notes. Powerwave expects to use the net proceeds from the exercise of this option to increase financial flexibility for possible future acquisitions and for general corporate purposes. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security. The notes have not been registered under the Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
AdOne Media, Inc.
Penske Awards AdOne Media's Install Group with Preferred Vendor Status
ST. LOUIS, Dec. 1, 2004 (PRIMEZONE) -- AdOne Media, Inc. (Pink Sheets:ADON) today announced that Install Group Worldwide (see recent Letter of Intent) has been awarded "Preferred Vendor" status for the Penske group of companies. The Preferred Vendor status was given to Install Group for vehicle decal removal and de-identification of vehicles within the entire fleet owned and operated by the Penske group of companies. Jim Neumann, President stated, "Being named Preferred Vendor with an organization like Penske is quite an honor. We look forward to providing Penske with the highest quality work on a nationwide basis. With 200,000+ vehicles in their fleet, Penske is an ideal client for the types of services provided by Install Group Worldwide. This announcement is hopefully the first of many to come as we expand our unique services into other Fortune 500 organizations like those previously discussed."
Environmental Technologies International, Inc.
Environmental Technologies Appoints Expert as Technical Support Consultant For Computer-Guard
TUCSON, Ariz., Dec. 1, 2004 (PRIMEZONE) -- Environmental Technologies International, Inc. (Pink Sheets:EMTI) is pleased to announce the appointment of Mr. Jeffrey Bohrer as Technical Support Consultant for Computer-Guard(tm), EMTI's economical, easy-to-use security device for laptop and desktop computers that is soon to be launched via a new Computer-Guard(tm) Website, as well as a network of independent distributors across the country. Mr. Bohrer will oversee a 24-hour Technical Support program to assist users of Computer-Guard(tm) in protecting the data on their computers from theft, snoops, and any other malicious acts of invasion of their computers.
Dragon Environmental Corp.
Dragon Environmental to Acquire Refined Resources
ORLANDO, Fla., Dec. 1, 2004 (PRIMEZONE) -- Further to its news release on May 4, 2004, Dragon Environmental Corp. (Pink Sheets:DRVC) announced today that it has entered into a definitive agreement to acquire Refined Resources Inc. (hereafter referred to as "Refined") for 30 million shares of common stock of Dragon.
Unicorp Signs Binding Letter of Intent to Acquire the 10-Year Exclusive License For Proprietary Vibroseismic Impact Technology
HOUSTON, Dec. 1, 2004 (PRIMEZONE) -- Unicorp, Inc. (Pink Sheets:UCPI) announced today that it has signed a binding letter of intent to acquire the exclusive 10 year U.S. license for the use of this proprietary Vibroseismic Impact Technology. This binding letter of intent is subject to Unicorp's satisfaction of increased production from its South Texas oil field project, which is currently being treated and the execution of a definitive agreement within six months of the final test results. Results for the South Texas field are expected in mid-January 2005.