latest news releases from the newsroom
Altair Nanotechnologies Inc.
Altair Nanotechnologies Receives Positive RenaZorb Animal Test Results; RenaZorb, A Nanotechnology-Based Drug Candidate For Phosphate Control in Kidney Dialysis Patients, Shows Phosphate Binding In Dogs And 5/6 Nephrectomized Rats
RENO, Nev., June 3, 2003 (PRIMEZONE) -- Altair Nanotechnologies, Inc. (Nasdaq:ALTI) announced today that it has negotiated an agreement allowing the disclosure of new animal testing data to interested third parties. Under the previous non-disclosure agreement with the participating pharmaceutical company, the animal testing data could not be disclosed. Altair developed three versions of RenaZorb designated RenaZorb "A", "B", and "H". The study, completed in early March 2003, was conducted in dogs and 5/6 nephrectomized rats utilizing three versions of the drug candidate.
Futuremedia Plc Moves to Southern England's 'IT capital'
BRIGHTON, England, June 3, 2003 (PRIMEZONE) -- Futuremedia Plc (Nasdaq:FMDAY), the eLearning solution provider, today announced the completion of moving the business to new offices in central Brighton -- one of Europe's IT centres. The move into new functional office space, negotiated on terms favourable to the company, follows the sale of its premises in nearby Arundel. Mats Johansson, CEO, comments, "Our move to Brighton will bring us closer to our customers and provide us with a much larger employment pool at competitive cost for recruitment -- both essential to support our continued growth. Our new location is also within a 20-minute train ride from Gatwick International Airport, a major UK gateway, offering us easy access to Europe as we implement our European growth strategy." Accessibility has taken on an increased importance since the company purchased 29.8% of the equity of Scandinavian eLearning provider, Luvit. The two companies plan to build a leading European eLearning venture, expand their existing client bases in the UK and Scandinavia, the second largest European eLearning market, as well as open up Luvit's client base to Futuremedia's content production and content brokerage services. www.futuremedia.co.uk
Keystone Automotive Industries
Keystone Automotive Acquires Auto Parts Distributor in Kentucky
POMONA, Calif., June 3, 2003 (PRIMEZONE) -- Keystone Automotive Industries, Inc. (Nasdaq:KEYS) today announced that it has acquired certain assets of U.S. Crash Parts, Inc., a private company that distributes automobile collision replacement parts in the Lexington and Louisville areas as well as eastern Kentucky. U.S. Crash recorded sales of approximately $3.0 million in 2002. Terms of the transaction were not disclosed.
Blyth, Inc. Reports Record 1st Quarter Sales & E.P.S.; Accretive Acquisition, Positive Currency Impact Led by Strong Euro and Direct Selling Operations Drive Growth Despite Challenging Market Conditions; Full Year, Fiscal 2004 E.P.S. Estimate Increased to in Excess of $2.10
GREENWICH, Conn., June 3, 2003 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in home fragrance and decorative accents, today reported first quarter Net Sales of $312.0 million compared with $277.9 million a year earlier, an increase of 12%. Operating Profit for the first quarter was $34.3 million, an increase of 11% compared to $30.9 million in the prior year period. Net Earnings for the quarter increased 53% to $19.6 million versus $12.8 million a year earlier. Diluted Net Earnings Per Share for the first quarter were $0.42 per share compared to $0.28 per share for the same period last year, an increase of 50%. The increase in Net Earnings and Diluted Net Earnings Per Share is partly attributable to last year's adoption of SFAS 142, which reduced the carrying value of the goodwill related to the Company's 1997 acquisition of the Sterno(r) brand by $7.4 million as of February 1, 2002. This goodwill impairment was recorded as a cumulative effect of a change in accounting principle and reduced last year's first quarter net income by $4.5 million (after tax) or $0.10 per share. Excluding the effect of SFAS 142, last year's first quarter Earnings Per Share would have been $0.37.
Bruce Redditt Joins Scott Blum's Advisory Board for New Venture
SANTA MONICA, Calif., June 3, 2003 (PRIMEZONE) -- Scott Blum, whose third successful company Buy.com set the record for fastest growing company in U.S. history, today announced that Bruce Redditt -- Executive Vice President of the Omnicom Group -- has joined the Advisory Board for his upcoming direct response network, which includes the television show, BuyTV.