latest news releases from the newsroom
SurgiCare Reports Record Fourth Quarter and Year-End Revenues; Company Reports Record Net Income for the Year
HOUSTON, March 27, 2002 (PRIMEZONE) -- SurgiCare, Inc. (AMEX:SRG), a Houston-based Ambulatory Surgical Center (ASC) company, announced today record financial results for its year-ended December 31, 2001. The company reported revenues of $12,875,779, a 112% increase versus revenues of $6,052,434 for a comparable period last year. SurgiCare reported earnings of $1,026,893, or $0.07 per share on a basic and fully diluted basis compared to $456,115 or $0.04 per share (basic and fully diluted) for the same period last year. These results exclude a non-cash adjustment for contractual allowances of $540,201. The company would have reported earnings of $670,360, or $0.05 per share on a basic and $0.04 per share on a fully diluted basis if this fourth quarter adjustment was included.
Nordea has Issued EUR 500 million of Dated Subordinated Bonds
STOCKHOLM, Sweden, March 27, 2002 (PRIMEZONE) -- Nordea today announced the bonds are due March 26, 2014, and pay a coupon of 5.75 percent per annum. The bank has the right to redeem the issue in full at par in March 2009. Issue price is par to give a spread of 0.49 percent over swaps to the call date.
PurchasePro Reports 2001 Fourth Quarter and Year-End Results
LAS VEGAS, March 27, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today reported a net loss for the fourth quarter ended December 31, 2001 of $71.3 million, or $0.98 per fully diluted share, on revenues of $2.4 million, compared with net loss in the comparable quarter a year ago of $36.8 million, or $0.55 per fully diluted share, on revenues of $33.6 million. The company's 2001 fourth quarter results include special charges totaling $48.8 million related to write-downs and write-offs of certain property and equipment, intangibles, investments, and lease termination costs, as well as workforce reductions and associated costs.
The Annual General Meeting of Metso Corporation; Dividend of Eur 0.60 per Share
HELSINKI, Finland, March 27, 2002 (PRIMEZONE) -- The Annual General Meeting of Metso Corporation (NYSE:MX) approved the accounts for 2001 as presented by the Board of Directors and voted to discharge the members of the Board of Directors and the President and CEO of Metso Corporation from liability for the 2001 financial year. In addition, the Annual General Meeting approved the proposals of the Board of Directors. These applied to authorizations to repurchase and resolve to transfer the Corporation's own shares and to increase the share capital by issuing new shares. The Annual General Meeting decided, as proposed by the Board, to distribute a dividend of EUR 0.60 per share.
SMS Messaging to Wireless Devices Reaching Maturity
SAN DIEGO, March 27, 2002 (PRIMEZONE) -- Since it was founded, SMS.ac, Inc. realized that the world's youth has historically served as the early adopters of new technologies. So, when the San Diego-based wireless technologies company (www.sms.ac) launched a consumer-focused web site in December 2001 as proof of concept for its MMSbox(tm) technologies (www.sms.ac/mmsbox), the site was designed to appeal to an under-30 demographic.