latest news releases from the newsroom
Metsa Tissue Oyj
Metsa Tissue to Increase Its Stake in the Polish Tissue Paper Company ZPK by 25.5 Per Cent
ESPOO, Finland, March 15, 2002 (PRIMEZONE) -- Metsa Tissue Corporation has signed a Letter of Intent to acquire 25.5 per cent of the shares of the Polish tissue paper company Zaklady Papiernicze w Krapkowicach S.A. (ZPK). The cost of the share acquisition is EUR 1.3 million. The acquisition price is based on the (100%) debt-free value of the whole of ZPK, which is approximately EUR 10 million. The transaction is subject to the results of a Due Diligence process and to the approval of the Polish authorities, which is expected to be given during 2002. Once these conditions have been met, Metsa Tissue Corporation will control more than 50 per cent of ZPK's shares and votes.
Brower Piven, A Professional Corporation
Securities Fraud Class Periods Announced by Law Offices Of Charles J. Piven, P.A. for Gilat Satellite Networks, Ltd., Lumenis, Ltd., and Cornell Companies, Inc. -- GILTF, LUME, CRN
BALTIMORE, March 14, 2002 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that private securities actions requesting class action status have been initiated on behalf of purchasers of the following securities during the following periods:
Hill & Knowlton, Inc.
Hitachi Awards Community-Minded California Teens with $27,000 in College Scholarships
IRVINE, Calif., March 14, 2002 (PRIMEZONE) -- Proving that community service has far-reaching benefits, Hitachi, Ltd. identified and rewarded five Orange County area students for their commitment to improving the safety of their community. Reflecting President Bush's clarion call for service, the five high school seniors -- selected on the merits of a written application for the 2002 Hitachi Safety Scholarship -- delivered a final-round oral presentation on their community service efforts before a panel of local business and community leaders. The grand-prize winner received $5,000 in scholarship money, while the remaining four finalists each received $1,000. A similar event was held last week for Los Angeles, Ventura and Riverside Counties. On March 21, 2002, Hitachi, Ltd. will host the Bay Area competition in Brisbane, Calif.
Bright Star Ventures Ltd.
Bright Star Ventures Ltd. Appoints Vice President, Exploration
VANCOUVER, British Columbia, March 14, 2002 (PRIMEZONE) -- Bright Star Ventures (CDNX:BSV) is pleased to announce the appointment of Bill Yeomans, B.Sc., P.Geol. as Vice President, Exploration. Since acquiring his degree in 1982 from Queens University, Mr. Yeomans has engaged in numerous projects throughout Canada and South America, exploring for base metals, gold, and platinum group metals.
Group Management Corp.
Group Management Announces Investrend Broadcast Access From Exposure Event
HOUSTON, March 14, 2002 (PRIMEZONE) -- Group Management Corp. (OTCBB:GPMT) announces that its presentation at the recent Community Capital Markets Exposure Event has been posted on the Internet. The presentation may be obtained by visiting Group Management's homepage at www.groupmanagementcorp.com. The broadcast can also be viewed via the Investrend Broadcast Website at www.investrend.com and will be archived for 90 days.
Canaan Energy Corp.
Canaan Energy Corporation Adopts Shareholder Rights Plan
OKLAHOMA CITY, March 14, 2002 (PRIMEZONE) -- Canaan Energy Corporation (Nasdaq:KNAN) today announced that on March 13, 2002 its Board of Directors adopted a Shareholder Rights Plan. Under the Plan, preferred stock purchase rights will be distributed to Canaan Energy Corporation Shareholders of record as of the close of business on March 25, 2002.
Blyth, Inc. Outlines First Quarter and Full Year Fiscal 2003 Guidance; Continued Recovery in Direct Selling Business Anticipated
GREENWICH, Conn., March 14, 2002 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH) today announced that, based on management's expectations at this time, first quarter, fiscal year 2003 Earnings Per Share are expected to be between $0.34 and $0.36, versus $0.33 in the prior year period. Full year fiscal 2003 Earnings Per Share are expected to be in excess of $1.88 on mid-single digit organic sales growth. Fiscal year 2002 Earnings Per Share were $1.44, which includes $0.27 in one-time and other unusual charges.