latest news releases from the newsroom
Granite State Bankshares, Inc.
Granite State Bankshares, Inc. Announces a 22.6 Percent and 29.6 Percent Increase in Third Quarter and Year to Date Diluted Earnings Per Share
KEENE, N.H., Oct. 10, 2002 (PRIMEZONE) -- Granite State Bankshares, Inc. (Nasdaq:GSBI) today announced net earnings for the three and nine months ended September 30, 2002 of $3,447,000 and $10,504,000 compared to net earnings of $2,864,000 and $8,251,000 for the three and nine months ended September 30, 2001. Basic earnings per share were $.67 and $2.04 for the three and nine months ended September 30, 2002 compared to $.54 and $1.56 for the three and nine months ended September 30, 2001. Diluted earnings per share were $.65 and $1.97 for the three and nine months ended September 30, 2002 compared to $.53 and $1.52 for the three and nine months ended September 30, 2001, representing increases of 22.64% and 29.61%, respectively.
Pyrosequencing Shifts Emphasis Toward Near-Term Profitability; Company Reduces Operating Expenses by Approximately $7 Million on Annual Basis
UPPSALA, Sweden, Oct. 10, 2002 (PRIMEZONE) -- Pyrosequencing AB (Stockholm:PYROA) (Other OTC:PYRSF) today announced that in conjunction with a program aimed to accelerate the route to profitability, it has given notice regarding 23 people at the Company's headquarters in Uppsala, Sweden and initiated negotiations in accordance with the Codetermination Act. The program, which reflects the general slow down in the economy, is expected to decrease the cash expenses by approximately $7 million on an annual basis beginning in 2003. Pyrosequencing anticipates that the Company will accrue approximately $700,000 in the third quarter related to these reductions.
Industri-Matematik Intl. Corp
Industri-Matematik Announces Corporate Restructuring
MT. LAUREL, New Jersey, Oct. 10, 2002 (PRIMEZONE) -- Industri-Matematik International Corp. (Nasdaq:IMIC) -- the Order Company -- today announced a corporate restructuring designed to substantially reduce costs and refocus the Company for long-term growth. As part of the initiative, Industri-Matematik will move its corporate headquarters from Stockholm, Sweden to Mt. Laurel, New Jersey and will concentrate overall product strategy and initiatives around order management and logistics.
Peab to Extend the E6 and the West Coast Main Line
FOERSLOEV, Sweden, Oct. 10, 2002 (PRIMEZONE) -- Peab (Stockholm:PEABb) have won the contract to build a stretch of motorway on the E6 north of Uddevalla. Along with other things, the work involves constructing 2.5 kilometres of new motorway, an intersection, and five flyovers. The contract is worth approx. SEK 100 million and the client is the Swedish National Road Administration.
AerotechTelub Delivers Gripen Equipment for SEK 172M
LINKOPING, Sweden, Oct. 10, 2002 (PRIMEZONE) -- AerotechTelub has received two orders from the Defence Materiel Administration for maintenance equipment for the JAS 39 Gripen. The delivery of the equipment will take place successively with the final delivery during 2004.