latest news releases from the newsroom
Millennium Chemicals' Senior Vice President - Commercial, Operational Excellence Businesses, to Speak at the UBS Warburg Grass Roots Chemical Conference
RED BANK, N.J., Feb. 20, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) announced today that David L. Vercollone, Senior Vice President - Commercial, Operational Excellence Businesses, will be presenting at the UBS Warburg Grass Roots Chemical Conference on Tuesday, February 25, at 4:40 PM EST (3:40 PM CST). Investors may listen to Mr. Vercollone's presentation (audio only) live via webcast by accessing www.millenniumchem.com and clicking on the Investor Relations button. Following the presentation you will be able to access the presentation on our home page (www.millenniumchem.com).
Telum International Corp.
Telum Announces Proposed Private Placement
TORONTO, Ontario, Feb. 20, 2003 (PRIMEZONE) -- Telum International Corporation (OTCBB:TLMIF) (the "Corporation") of Toronto, Ontario, Canada today announced that it is proposing to complete a private placement of up to 25 units of the Corporaton ("Units") for aggregate proceeds of up to US$5,000,000. Each Unit consists of 2,857,143 common shares and 571,429 common share purchase warrants. The price per Unit is US$200,000. Each warrant is exercisable into one common share at prices of US$0.15 per share if exercised within six months of closing; US$0.30 if exercised between six and twelve months after closing; and US$0.75 if the warrant is exercised between twelve and twenty four months after closing. The term of the warrants is 2 years. If the maximum proceeds of US$5,000,000 is raised then 71,428,575 common shares and 14,285,715 common share purchase warrants would be issued in the private placement. It is anticipated that there will be one investor in the private placement. The investor under the private placement will be entitled to nominate 4 directors of a 7 member board. There are currently 57,931,014 common shares outstanding. Proceeds are to be used for working capital.
VendTek Systems Inc.
VendTek Completes UPC Barcoding Feature for `Now Prepay' Customers
VANCOUVER, B.C., Feb. 20, 2003 (PRIMEZONE) -- VendTek Systems Inc. (TSX Venture Exchange:VSI) ("VendTek" or "The Company"), a leading provider of automated transaction technology, is pleased to announce that it has added inventory tracking through the addition of UPC bar codes to their customer's prepaid telecom product offerings. Customers of VendTek's subsidiary Now Prepay Corp. ("Now Prepay") are now able to track their electronic PIN inventory usage in real time. Customers such as the major cellular and long distance suppliers provided VendTek with the UPC codes and the Company's development team incorporated them into its e-Fresh(tm) software.
Popeyes Chicken & Biscuits
Popeyes Celebrates Louisiana Heritage During Mardi Gras
ATLANTA, Feb. 20, 2003 (PRIMEZONE) -- With culinary roots deeply entrenched in Louisiana, Popeyes(r) Chicken & Biscuits, a division of AFC Enterprises, Inc. (Nasdaq:AFCE), is staffing up and stocking up for the 2003 Mardi Gras season which culminates on March 4. During the 12 days of Mardi Gras, Popeyes expects to serve approximately 15.6 tons of red beans and rice, 2.5 million pieces of chicken and 1.25 million biscuits in New Orleans alone. Additionally, the company has joined forces with Mardi Gras expert Arthur Hardy and local radio celebrity Miss Dupree of the Tom Joyner morning show. Extra jobs and overtime pay add to the economic benefit of the celebration.