latest news releases from the newsroom
Old Mutual plc
Old Mutual--U.S. Holdings Assets Under Management as at December 31, 2001
LONDON, Jan. 29, 2002 (PRIMEZONE) -- Old Mutual (US) Holdings (LSE:OML), the U.S. holding company for Old Mutual's US asset management businesses, has reported a net inflow of client assets in 2001 of US$4.4 billion, or 2.5% of total assets as at December 31, 2000. That gain was offset by a decline of US$9.4 billion or 5.3% in assets as a result of market movements and by an additional US$23.0 billion or 12.9% from the divestitures of non-strategic affiliates. On December 31, 2001, total assets under management were US$149.9 billion compared to US$177.9 billion on December 31, 2000, an overall decrease of 15.7%.
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc. Announces Fourth Quarter Earnings
WICHITA, Kan., Jan. 28, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. (Nasdaq:STAR) announced operating results for the fourth quarter and the fiscal year ended December 25, 2001. For the sixteen week fourth quarter ended December 25, 2001, adjusted net income (net income before unusual charges and credits, including non-cash stock compensation) increased 377% to $11,819,000 or $0.49 per share ($0.46 diluted) compared to $2,477,000 or $0.10 per share ($0.10 diluted) for the same quarter last year. Unusual items net of applicable tax for the fourth quarter of 2001 was a net charge of $8,499,000 or $0.35 per share compared to a net charge of $1,855,000 or $0.07 per share in 2000 resulting in net earnings of $3,320,000 or $0.14 per share ($0.13 diluted) for the fourth quarter 2001 compared to $622,000 or $0.03 per share ($.03 diluted) in 2000.
Press Release Network
Proxyconn Announces the Availability of Internet Acceleration Service for Dial-Up Users
NEWPORT BEACH, Calif. Jan. 28, 2002 (PRIMEZONE) -- Proxyconn, Inc. (www.proxyconn.com), a leading provider of Internet acceleration services, announced today the availability of the Internet Acceleration Service for Dial-up users. The service is available to ISP's, home users and businesses. Utilizing advanced compression and caching technology, the company deployed a nation-wide high-speed network, allowing for complete coverage in North America. The acceleration service boosts dial-up connection speed by at least 100%. Users with 56Kbps modems receive an effective speed of close to 100Kbps.
Dobson Communications Corporation
Dobson Communications to Follow GSM/GPRS Upgrade Path
OKLAHOMA CITY, Jan. 28, 2002, (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced it will overlay GSM and GPRS in its owned and managed networks. Coinciding with this announcement, Dobson and Cingular Wireless agreed to a new 10-year roaming relationship that positions Dobson and Cingular to increase roaming traffic on one another's networks for the long-term.
Tasty Fries, Inc.
Correction: Tasty Fries Reacquires Royalty Rights
BLUE BELL, Pa., January 28, 2002 (PRIMEZONE) -- Tasty Fries, Inc. (OTCBB:TFRY) and California Food and Vending, Inc. (CFV) announced a definitive agreement today for Tasty Fries(r) to reacquire CFV's royalty rights in terms of the sale of French fry vending machines and the sale of potato product for a total payment of $1,500,000 (corrected amount of payment). This agreement with Tasty Fries terminates all CFV's royalty rights.