latest news releases from the newsroom
Global ePoint, Inc.
Global ePoint, Inc. Sets July 28, 2003 as the Date of a Special Shareholder Meeting For Approval of its Proposed Merger
SAN MARCOS, Calif., July 2, 2003 (PRIMEZONE) -- Global ePoint Inc. (the Company) (Nasdaq:GEPT) today announced that it has filed its definitive proxy statement regarding a special meeting of shareholders for the purpose of considering and acting upon the approval of the previously announced Reorganization and Stock Purchase Agreement with McDigit, Inc. Also being considered is an increase in the number of authorized shares of Common Stock and the election of eight (8) additional members to the Board of Directors. The shareholder meeting has been set for July 28, 2003.
Wireless Internet on board Scandinavian Airlines
STOCKHOLM, Sweden, July 2, 2003 (PRIMEZONE) -- SAS (Other OTC:SASDF): Scandinavian Airlines has signed a contract with Connexion by Boeing for the installation of wireless broadband on board. Installation will begin in February 2004 and the entire long-haul fleet will be equipped a year later.
Proha Outsources the ASP Services of Intellisoft to Xenetic Oy
HELSINKI, Finland, July 02, 2003 (PRIMEZONE) -- Proha continues to focus on its core business, portfolio and project management software products, and outsources the ASP services of its subsidiary Intellisoft Oy to Xenetic Oy. This agreement intensifies the cooperation that was started in 2002 with outsourcing of hosting and network services to Xenetic. According to the agreement, most of the personnel responsible for ASP services at Intellisoft will transfer to Xenetic and the rest of Intellisoft employees will continue in the service of the Proha Group. For Intellisoft's customers, all services will continue without any changes.
Frontline Ltd.: Option Agreement Over Shares in Independent Tankers Corporation
HAMILTON, Bermuda, July 2, 2003 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) has on July 1, 2003 through its non recourse subsidiary Golden Ocean Group Limited (GOGL) entered into an option agreement with Hemen Holding Ltd (Hemen). The Option agreement gives GOGL the right to acquire all shares in Independent Tankers Corporation from Hemen for a total consideration of USD 4.0 million plus 4 % interest compensation per year. Independent Tankers owns a total of 6 VLCCs and 4 Suezmaxes which are on long term charters to BP and Chevron. Hemen is a holding company indirectly controlled by Frontline's Chairman John Fredriksen. GOGL has paid USD 10,041,515 for the option, which expires on July 1, 2010. The total bookvalue of ITC's consolidated assets was as of December 31, 2002 USD 964 million.
Gambro BCT and MAK-SYSTEM collaborate to help blood centers optimize automated blood collection
STOCKHOLM, Sweden, July 02, 2003 (PRIMEZONE) -- Gambro BCT, Inc., a wholly owned subsidiary of Gambro AB (Other OTC:GAMOF) (Other OTC:GAMBF)(Stockholmsborsen: GAMBaST), a leading international medical technology and healthcare company, and MAK- SYSTEM International Group, a world leader in developing software for managing blood banks and blood transfusion activities, today announced an alliance to integrate MAK-SYSTEM's PROGESA(R) software suite with the Gambro BCT Vista(TM) Information System in order to share critical donor, blood collection and blood center operations information.
Telelogic Closes US$1.16 Million Deal with Major U.S. Telecom Equipment Manufacturer for Tau Generation2
MALMO, Sweden, and IRVINE, Calif., July 2, 2003 (PRIMEZONE -- Telelogic (Stockholm:TLOG) (Other OTC:TGIAF), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a one-year license agreement worth US$1.16 million for the Tau Generation2 (TM) family of automated development and test solutions, including Tau/Developer(R), Tau/Architect(R), Tau/Tester(R) and Tau Logiscope(R). The contract, which was signed on June 30, is the single largest license deal for the Tau Generation2 product line since it was introduced in October.
Statement from OM Regarding eSpeed Lawsuit
STOCKHOLM, Sweden, July 2, 2003 (PRIMEZONE) -- Broker Tec USA, Broker Tec Global, its parent ICAP, Garban, OM Technology, and the parent company OM AB (Other OTC:OMGPF) have been sued by eSpeed regarding alleged infringement of U.S. patent 6,560,580 B1. OM has been sued in connection with its delivery of software specially made for BrokerTec, a U.S. electronic fixed income marketplace.
Investor Acquires Subscription Rights in Micronic from Industrifonden
STOCKHOLM, Sweden, July 2, 2003 (PRIMEZONE) -- In connection with the impending new stock issue in Micronic Laser Systems AB (Other OTC:MICLF) , the Swedish Industrial Development Fund (Industrifonden) is selling half of its subscription rights, the equivalent of 1,750,000 shares, to Investor Growth Capital, a wholly owned subsidiary of Investor AB (OtherOTC:IVSBF) (Other OTC:IVSXF). Industrifonden will remain Micronic's largest single owner.
Information from Concordia Maritime AB (publ)
GOTHENBURG, Sweden, July 2, 2003 (PRIMEZONE) -- The last of the two ULCCs, which were sold by Concordia Maritime with seller credit, has been sold to a third party by the buyer, Oceanic Trans Shipping, which will thus repay the seller credit for this vessel to Concordia.