Metso to Rebuild UPM-Kymmene Rauma PM 1 On-Machine Coater
HELSINKI, Finland, May 16, 2002 (PRIMEZONE) -- UPM-Kymmene has selected Metso Paper to rebuild its PM 1 on-machine coater in Rauma, Finland. The rebuild will improve the machine's competitiveness by raising its capacity. The rebuilt machine will start up in spring 2003.
FiNet.com Raises $1.7 Million in Convertible Preferred Stock
SAN RAMON, Calif., May 16, 2002 (PRIMEZONE) -- FiNet.com, Inc. (Nasdaq:FNCM) (the "Company" or "FiNet") announced today the completion of a $1.7 million private placement, through the issuance of Convertible Preferred Stock (the "Preferred") to accredited investors.
FiNet Reports Financial Results for the Quarter Ended March 31, 2002
SAN RAMON, Calif., May 16, 2002 (PRIMEZONE) -- FiNet.com, Inc. (Nasdaq:FNCM), and its wholly owned subsidiaries (the "Company") today released financial results for the quarter ended March 31, 2002.
PIMCO Hires Emerging Markets Specialist
SINGAPORE, May 16, 2002 (PRIMEZONE) -- PIMCO, one of the world's leading fixed-income asset management companies, is pleased to announce that Aaron Low has joined the firm as an emerging markets specialist and international portfolio manager.
OSLO, Norway, May 16, 2002 (PRIMEZONE) -- Findexa II AS and Findexa I AS today announced that on May 13, 2002, they commenced an Exchange Offer to exchange the new e145,000,000 10 1/4% Senior Notes due 2011 issued by Findexa II AS and guaranteed by Findexa I AS which have been registered under the U.S. Securities Act of 1933, as amended, pursuant to a registration statement declared effective on May 8, 2002, for the outstanding e145,000,000 10 1/4% Senior Notes due 2011 issued by Findexa II AS on December 10, 2001 and guaranteed by Findexa I AS. The Exchange Offer will remain open until 5:00 p.m., New York time, on June 12, 2002.
Scania: Sales Growth in Saudi Arabia; Scania Sells 90 Trucks
SODERTALJE, Sweden, May 16, 2002 (PRIMEZONE) -- GCC, Scania's (NYSE:SCVA) (NYSE:SCVB) distributor in Saudi Arabia, has sold 90 tractor units to TASECO, one of the leading haulage firms in the country. GCC itself is also relocating to a newly built distribution centre in Jeddah.
Hotellinx Represented by Value Partner Brantas International Technology Ltd. in New Zealand and Fiji
TURKU, Finland, May 16, 2002 (PRIMEZONE) -- Hotellinx Systems Ltd. today announced the appointment of Brantas International Technology Ltd. based in Auckland, New Zealand as their partner and certified distributor for New Zealand and Fiji.
Modern Times Group MTG AB: Annual General Meeting of Shareholders
STOCKHOLM, Sweden, May 16, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), the international media group, today announced that all resolutions proposed to its Annual General Meeting of shareholders in Stockholm today were passed.
Microsoft Loses Appeal to Shut Down Lindows.com
SAN DIEGO, May 16, 2002 (PRIMEZONE) -- A Seattle Judge, who had been asked by Microsoft (Nasdaq:MSFT) to shutdown Lindows.com and block the 35 person company from advertising their competing program, LindowsOS, issued a denial to the software giant this week.
