latest news releases from the newsroom
PIMCO Announces Promotions
NEWPORT BEACH, Calif., Jan 23, 2002 (PRIMEZONE) -- PIMCO, one of the world's leading fixed-income managers, is pleased to announce the promotion of three employees to the position of Managing Director.
Competitive Technologies, Inc.
CTT Announces Intellectual Property Marketplace Powered by the Patent & License Exchange
FAIRFIELD, Conn., Jan. 23, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that it has established an online marketplace for its Intellectual Property (IP) powered by the Patent & License Exchange, Inc. (pl-x). The CTT private-label IP marketplace, launched on January 21, can be accessed through CTT's Website, www.competitivetech.net. CTT intellectual property and technology assets can also be accessed via the pl-x IP marketplace. This arrangement will dramatically expand the global awareness of CTT's intellectual properties for life science, physical science and digital technologies. The online marketplace was created using pl-x's IP Enterprise solution (IPES), a comprehensive browser-based business platform for IP valuing, marketing and monetizing.
Kinnevik Subsidiary to Acquire German Packaging Company
STOCKHOLM, Jan. 23, 2002 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB) subsidiary, Korsnas Packaging, has agreed to acquire the paper sack operations of Niedermayr Papierwarenfabrik AG, located at Rosenheim in Germany, subject to approval by the Monopolies Commission and an extraordinary meeting of the company's shareholders.
Kinnevik Subsidiary Wins Major Supply Contract
STOCKHOLM, Sweden, Jan. 23, 2002 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB) subsidiary, Korsnas Packaging, has signed a major supply agreement for paper sacks with the HeidelbergCement Group of Germany, the world's third largest producer of building materials.
TDC Specifies One-Time Items in Talkline For 2001
COPENHAGEN, Denmark, Jan. 23, 2002 (PRIMEZONE) -- As mentioned in our quarterly reports in 2001, Talkline's performance in the early part of 2001 was not satisfactory, which led TDC (NYSE:TLD) to investigate Talkline's strategic options. The result was a decision to plan for a closure of the landline and Internet activities. Mobile and Talkline Infodienste, which are profitable, will continue as operating activities.
Carmen Systems Signs a Multimillion Euro Deal with Deutsche Bahn AG
GOTEBORG, Sweden, Jan. 23, 2002 (PRIMEZONE) -- Deutsche Bahn AG, one of the world's largest railway operators, today signed a contract with Carmen Systems AB for crew scheduling software. Software delivery to Deutsche Bahn's Personenverkehr (passenger traffic) division will take place during 2002 and onwards. With Carmen's optimization software Deutsche Bahn will be able to reduce its crew planning cycles, cut operating costs, create positive cash flow and increase business flexibility. Crew members will also benefit through the possibility of placing individual work-schedule requests.
Digital Descriptor Systems, Inc.
DDSI Names New Members to Board of Directors
FAIRLESS HILLS, Pa., Jan. 23, 2002 (PRIMEZONE) -- Digital Descriptor Systems, Inc. (OTCBB:DDSI) a leading designer and marketer of digitized imaging systems for the criminal justice and security markets, today announced the Company has appointed Anthony Shupin, Vincent Moreno, Michael J. Pellegrino and Robert Gowell to the Company's Board of Directors.