latest news releases from the newsroom
New structure and management team for the SAS Group
STOCKHOLM, Sweden, May 14, 2002 (PRIMEZONE) -- The Board of Directors of SAS has today approved a new Group structure and has agreed to introduce a new control and management model for the SAS Group. The new organization is a natural result of the changes that have been implemented and aims to achieve improvements in results by making better use of the business opportunities open to each business unit and to allow joint resources to benefit the entire organization in a more efficient manner.
Song Networks Holding
Song Networks Holding AB Announces First Quarter 2002 Results
STOCKHOLM, Sweden, May 14, 2002 (PRIMEZONE) -- Song Networks Holding AB ("Song Networks" or the "Company"), formerly Tele1 Europe Holding AB (Stockholmsborsen:SONW) (Nasdaq:SONW), the leading pan-Nordic competitive provider of broadband communications services, today reported first quarter financial and operating results. Commenting on the results, Tomas Franzen, Chief Executive Officer, said: "I am very pleased to announce that Song Networks remains on the right track towards adjusted EBITDA break-even in the third quarter of 2002. I am especially pleased with our performance regarding improved gross margins, SG&A and CAPEX (capital expenditures). Despite a tough market situation in general and concerns about the Company's financial situation in particular, we have been able to increase our revenues with 4% on a continuing revenue basis. During the coming quarters we will, beside activities related to the restructuring of our balance sheet, continue to focus on margin improvements and tight control of our SG&A and CAPEX."
ABB and Tetra Pak jointly develop new automation software
STOCKHOLM, Sweden, May 14, 2002 (PRIMEZONE) -- Tetra Pak and ABB have agreed to increase their cooperation and jointly develop a plant automation solution, based on the new ABB Industrial IT platform. This suite of Industrial IT applications for liquid foods targets the increasing demands of customization and flexibility in the food and beverage market.
Telia and TV4 in Digital Partnership
STOCKHOLM, Sweden, May 14, 2002 (PRIMEZONE) -- Telia and TV4 have started a strategic partnership. The digital TV, interactive TV and broadband sectors are seeing distribution and content moving closer together. Through this agreement, Telia and TV4 will bolster each other and mutually develop digital media.
Holzer Holzer & Fistel, LLC
Holzer & Holzer Announces Class Action Lawsuit Against JDS Uniphase Corp. on Behalf of Investors -- JDSU
ATLANTA, May 14, 2002 (PRIMEZONE) -- Holzer & Holzer announced today that a class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of JDS Uniphase Corp. (Nasdaq:JDSU) ("JDS Uniphase" or the "Company") common stock during the period between July 27, 1999 and July 26, 2001 inclusive (the "Class Period"). A copy of the complaint filed is available from the Court or by contacting Holzer & Holzer (toll-free) at (888) 508-6832 or by sending an e-mail to firstname.lastname@example.org.
Flamemaster Reports an 18.4% Revenue Gain and Net Earnings per Share of $.23 for Six Months Ended March 31, 2002
SUN VALLEY, Calif., May 14, 2002 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) today reported net income of $205,672 or $.14 per share on revenues of $1,295,387 for the quarter, compared to net of $217,083 or $.14 per share on revenues of $1,206,070 in the year earlier period. Sales from operations expanded to $1,219,531 in the quarter from $1,102,830 in the prior year.
Atlas Copco's Power Tools Distribution Center in Belgium Extended
STOCKHOLM, Sweden, May 14, 2002 (PRIMEZONE) -- An additional 4,300 square meters of warehouse space has been added to Atlas Copco's Power Tools Distribution center, PTD, in Belgium to handle the growth in business. Established in 1992, PTD serves 110 countries, of which direct daily deliveries to end- customers are made in 24. The focus is on constantly increasing service to customers worldwide.
Careside Reports First Quarter 2002 Results; Record Revenue for a Quarter
CULVER CITY, Calif., May 14, 2002 (PRIMEZONE) -- Careside, Inc. (AMEX:CSA), a provider of point-of-care blood analysis instrumentation and records management, today announced its results for the first quarter ended March 31, 2002. Revenues for the first quarter were $601,000, representing record revenues for a quarter, compared to $184,000 in the prior year period and $344,000 for the fourth quarter of 2001. In addition to increased revenues, expense reductions resulted in a reduced net loss to common shareholders for the quarter of $2.7 million or $0.16 loss per share from a net loss of $3.4 million or $0.30 loss per share for the same period last year. Total operating expenses in the first quarter 2002 declined 21 percent to $1.9 million, from $2.4 million in the first quarter of 2001.