latest news releases from the newsroom
ITec Environmental Systems
ITecES Leases 6,900 Square Foot Oakdale, California Facility; New Plant to be Constructed Helps Implement CIWMB Used Oil Recycling Program
OAKDALE, Calif., Jan. 21, 2003 (PRIMEZONE) -- In a move towards meeting the goals of its business plan and California's oil recycling initiatives, ITec Environmental Systems, a division of ITec Environmental Group (OTCBB:ITCV), today announced that it has signed a lease for a 6,900 square foot building in Oakdale, Calif.
Modern Times Group MTG AB Completes Negotiations Regarding Closure of Finans Vision
STOCKHOLM, Sweden, January 21, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY) (Other OTC:MTGNF), the international media group, today announced that it has completed negotiations with the local journalists' union regarding the closure of the Swedish daily business newspaper, Finans Vision. As a result, MTG is proceeding with the closure of Finans Vision. As previously announced, the closure will result in a provision of in the region of SEK 85 million in the financial results for the fourth quarter of 2002, which includes the writing off of goodwill.
Vitrolife has Launched a Savings and Restructuring Program that will be Charged to the 2002 Year's Accounts
STOCKHOLM, Sweden, Jan. 21, 2003 (PRIMEZONE) -- Vitrolife has launched a savings and restructuring program that will be charged to the 2002 years accounts. The strategy is to focus harder on the core business, i.e. the development and marketing of clinical media for cell and tissue culturing. "Vitrolife believes that this program will make us reach a positive cash flow and a net profit at the latest for 4th quarter and onwards from our core business" said CEO Magnus Nilsson.
Global ePoint, Inc.
Global ePoint Announces Proposed Merger with Homeland Security Companies
SAN MARCOS, Calif., Jan. 21, 2003 (PRIMEZONE) -- Global ePoint, Inc. (Global) (Nasdaq:GEPT) today announced that it has signed a letter of intent to acquire 100 percent of the issued and outstanding stock or membership interest, as applicable, of Sequent Technologies, Inc., Best Logic, Inc., and McDigit, Inc (the "Companies").
Millicom International Cellular
Millicom International Cellular Nasdaq Listing and Detailed Results for the Quarter and Nine Months Ended September 30, 2002
NEW YORK, LONDON, and BERTRANGE, Luxembourg, Jan. 21, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC), the global telecommunications investor, today announces that it has received written confirmation from The Nasdaq Stock Market, Inc. that Millicom would be delisted from the Nasdaq National Market unless its equity was raised to at least $10 million or it were able to maintain its minimum bid price per share at $3 for a period of ten consecutive trading days on or before February 17, 2003. Millicom also announces today a more detailed version of its results for the quarter and nine months ended September 30, 2002, previously announced on October 23, 2002.
Yanmar Exhibits Scania Engine for the First Time
SODERTALJE, Sweden, Jan. 21, 2003 (PRIMEZONE) -- The first results from cooperation between Scania Industrial and Marine Engines and Yanmar marine is shown for the first time at the Dusseldorf boat show in Germany. On display is a 12-litre marine engine for pleasure boats with 720 hp.