latest news releases from the newsroom
Industri-Matematik Intl. Corp
Industri-Matematik International to Transfer to The Nasdaq SmallCap Market
STOCKHOLM, Sweden, Nov. 22, 2002 (PRIMEZONE) -- Industri-Matematik International Corp. (Nasdaq:IMIC) -- the Order Company -- today announced that it received notice that Nasdaq will transfer the listing of Industri-Matematik's Common Stock from The Nasdaq National Market to The Nasdaq SmallCap Market for failure to comply with Marketplace Rule 4450(a)(5), which requires a minimum bid price per share of $1. Industri- Matematik's Common Stock will be transferred to The Nasdaq SmallCap Market at the opening of business on November 22, 2002, and will continue to trade under the symbol IMIC.
IBS Signs Major Deal with European Distributor AxFlow
STOCKHOLM, Sweden, Nov. 22, 2002 (PRIMEZONE) -- IBS has been chosen by AxFlow to provide a comprehensive solution for handling AxFlow's sales and distribution operations in its 17 wholly-owned European subsidiaries. AxFlow will use IBS' ASW software to optimise sales, procurement, service and distribution with one common system throughout the whole AxFlow group. The total order includes hardware, implementation and outsourcing services.
Hydro to Sell Packaging Business
OSLO, Norway, Nov. 22, 2002 (PRIMEZONE) -- Norsk Hydro ASA (NYSE:NHY) has reached a non-binding agreement in principle to sell the former VAW Flexible Packaging business to Alcan Inc. The transaction forms part of a previously announced divestment program, under which Norsk Hydro, so far, has reached agreement in principle or completed divestments with an enterprise value in excess of NOK 6 billion.
Sandvik Specialty Steels Changes Name to Sandvik Materials Technology, Headed by Peter Gossas
SANDVIKEN, Sweden, Nov. 22, 2002 (PRIMEZONE) -- Sandvik (Other OTC:SDVKY) (Stockholm:SAND) is intensifying its focus on high-value-added products. As part of this effort, the organizational structure within the Sandvik Specialty Steels business area is being changed as of January 1, 2003. In line with the ongoing shift in the business area's focus, it has also been decided to change the name to Sandvik Materials Technology.
SMS.ac to Launch Business Product on Anniversary of World Record Launch
SAN DIEGO, Nov. 22, 2002 (PRIMEZONE) -- SMS.ac, Inc., the wireless communications company that in June of this year set a world record for most successful product launch of any company in history (www.sms.ac/history), today announced that it will launch its first business-related product on December 10. 'SmsBusiness' will make its debut on the one-year anniversary of the Company's record-setting consumer launch.
Sectra Increases Customer Benefit Through New Partnership
LINKOPING, Sweden, Nov. 22, 2002 (PRIMEZONE) -- The Swedish IT and medical technology company Sectra (Other OTC:SSBBF) (Stockholm:SECTb) widens its Clinical Solutions Network by signing a cooperation agreement with Mirada Solutions Ltd., an Oxford U.K. based medical software development company. Through the agreement, Mirada's solution for image fusion is fully integrated into Sectra's system for handling digital x-ray images.
Biora: A New Indication for EmdogainGel Approved in EU
STOCKHOLM, Sweden, Nov. 22, 2002 (PRIMEZONE) -- Biora (Other OTC:BIORY) (Stockholm:BIOR) has received European Union approval for a new indication for EmdogainGel in the treatment of recession defects (exposed root surfaces). Biora plans to launch this new indication in April, 2003.