latest news releases from the newsroom
Flamemaster Reports Net Earnings Rise by 14.2% on Revenue Gain of More Than 32% for the 1st Quarter Ended December 31, 2001
SUN VALLEY, Calif., Feb. 14, 2002 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) today reported net income of $125,439, or $.09 per share, an increase of 14.2%, on revenues of $1,259,833 for the 1st quarter compared to net of $109,854 or $.07 per share on revenues of $951,643 in the year earlier period. The gain in revenues is attributable to an increase in requirements of the U.S. Military and defense contractors for the Company's high-performance aircraft sealants.
Mazzalupi Comments on Atlas Copco's Q4 Results
STOCKHOLM, Sweden, Feb. 14, 2002 (PRIMEZONE) -- "2001 was a good year for Atlas Copco, especially considering the business conditions, and we generated record cash flow and earnings per share," says Giulio Mazzalupi, President and CEO of the Atlas Copco Group. "We saw a volume drop in the latter part of the year and foresee this trend continuing in the first quarter of 2002."
New President Named at Isaberg Rapid
STOCKHOLM, Sweden, Feb. , 2002 (PRIMEZONE) -- Tommy Backstrom, B.Sc. Eng., has been named President of Isaberg Rapid, with effect from August 1, 2002. He is currently site manager at Volvo Cars Engine, in Skovde, a position he has held since 1999. Backstrom (born 1947) previously spent nine years with Isaberg Rapid as head of production and logistics, among other positions.