latest news releases from the newsroom
PIMCO Corrects Barron's Error
NEWPORT BEACH, Calif., Nov. 18, 2002 (PRIMEZONE) -- PIMCO, one of the world's leading fixed-income managers, announced today that in this week's publication, Barron's erroneously described PIMCO's holdings in National Century Financial Enterprises' ("NCFE") bonds. Across all PIMCO client accounts, the actual amount of NCFE bonds that PIMCO owns is approximately $283 million, rather than the $3.35 billion reported. This amount represents less than one-tenth of one percent of the $401 billion managed by the firm worldwide.
AdZone Research, Inc.
AdZone Research Reports Web Ad Spending Climbs for Third Straight Month
NEW YORK, Nov. 18, 2002 (PRIMEZONE) -- AdZone Research Inc. (OTCBB:ADZR), a pioneering Internet surveillance technology solutions provider, and an advertising research firm that tracks advertising on some 2,700 Websites worldwide that make up more than 95% of all Internet advertising revenue, today said that in the month of October, advertising spending on the Internet grew for the third straight month.
Trinity Energy Resources, Inc.
Millennium Energy Ventures, Consultant to Trinity Energy Resources, Featured on Internet Web Radio Program Hosted by IPOdesktop.com
HOUSTON, Nov. 18, 2002 (PRIMEZONE) -- IPOdesktop.com, in its continuing series of Internet radio reports featuring Trinity Energy Resources, Inc. (OTCBB:TRGC), today interviewed Phil Gennarelli, Managing Director of Houston-based Millennium Energy Ventures, the company's strategic consulting firm, about its role in Trinity's expansion strategies.
Meda Acquires Rights to Colifoam, Proctofoam and Epifoam from GlaxoSmithKline
STOCKHOLM, Sweden, Nov. 18, 2002 (PRIMEZONE) -- Meda AB (Other OTC:MDABF) (Stockholm:MEDAa), the Swedish Specialty Pharmaceutical Company, has agreed to a deal with the GlaxoSmithKline Group (GSK) on products for local treatment of inflammatory diseases in the distal bowel, marketed under the brand names Colifoam(R) and Proctofoam(R). Meda has also acquired Epifoam(R), a product development of Proctofoam, which Meda plans to introduce to the markets.
CORRECTION: Delisting of the AvestaPolarit Shares from the Helsinki and Stockholm Stock Exchanges
STOCKHOLM, Sweden, Nov. 18, 2002 (PRIMEZONE) --The Company corrects the date that the Helsinki Exchanges informed them of delisiting. Helsinki Exchanges informed AvestaPolarit on Friday, November 15, that the AvestaPolarit shares will be delisted from the Main List in Helsinki when Outokumpu Oyj in the current arbitration process to redeem all outstanding shares in AvestaPolarit Oyj Abp has gained title as the sole owner to all the shares. Fulfilling this condition means that the delisting in Helsinki will be postponed by probably some months beyond the year-end date for which AvestaPolarit applied.
Lennart Grabe Steps Down from Posten
STOCKHOLM, Sweden, Nov. 18, 2002 (PRIMEZONE) -- Posten's President and CEO, Lennart Grabe, steps down from his post today. Borge Osterholm, formerly Executive Vice President of Posten, will serve as interim President and CEO. An executive search is underway to identify his successor. Former President and CEO of Telia, Marianne Nivert, will strengthen Posten's board of directors.