latest news releases from the newsroom
Trelleborg Conducts Complementary Acquisition in Australia
STOCKHOLM, Sweden, April 28, 2005 (PRIMEZONE) -- Through its Trelleborg Engineered Systems business area, the Trelleborg Group has signed an agreement to acquire the business of Armwest Pty Ltd in Perth, Australia. Armwest is the market leader in rubber sheeting for specialized applications and materials handling in Western Australia. Armwest is privately owned and generates annual sales of approximately SEK 20 M.
FTS Wireless, Inc.
FTS Wireless Begins Distributing Wi-Fi Enabled Cell Phones
TAMPA, Fla., April 28, 2005 (PRIMEZONE) -- FTS Wireless, Inc., a subsidiary of FTS Group, Inc. (OTCBB:FLIP), an operator of retail wireless locations that market and sell next-generation wireless products and services, today announced that it has begun distributing advanced GSM wireless handsets with Wi-Fi (802.11b) and Bluetooth connectivity. The Company also announced today that it now accepts bill payments for the nation's two leading satellite television providers: Dish Network and Direct TV.
Kinnevik: The Board of Directors Complete Proposals
STOCKHOLM, Sweden, April 28, 2005 (PRIMEZONE) -- Investment AB Kinnevik ("Kinnevik") today announced that the Board of Directors complete proposals for the Annual General Meeting is available at the company's premises at Skeppsbron 18 in Stockholm and on the company's website, www.kinnevik.se.
Ahold Reaches Agreement on Terms of Sale of Tops Convenience Stores in the United States
ZAANDAM, Netherlands, April 28, 2005 (PRIMEZONE) -- Ahold today announced it has reached agreement on the divestment of its chain of 198 convenience stores of its U.S. subsidiary Tops Markets LLC ("Tops") to WFI Acquisition, Inc., a corporation formed by Nanco Enterprises, Inc. and Bruckmann, Rosser, Sherrill & Co, Inc. These are Ahold's remaining convenience stores in the United States. The stores will continue to operate under the banners of Wilson Farms and Sugarcreek.
MorphoSys Reports First Quarter 2005 Results
MARTINSRIED, Germany, April 28, 2005 (PRIMEZONE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment, TecDAX) today reported financial results according to IFRS for its first quarter ended March 31, 2005. Revenues increased by 72% to 7.4 million, resulting in a quarterly net profit of 0.5 million, compared to a net loss in the previous year (March 31, 2004: 0.1 million loss). The Company's cash position equaled 51.1 million at the end of the first quarter 2005, up from 37.2 million at year-end 2004.