latest news releases from the newsroom
SPV Choose TietoEnator to Provide IT Operations Services
ESPOO, Finland, Jan. 16, 2003 (PRIMEZONE) -- The National Government Employee Pensions Board (SPV) has today signed a five-year agreement with TietoEnator (OTHER OTC:TTNTF). The agreement means that TietoEnator will manage the operations of SPV's IT System. The agreement includes Mainframe Operations, as well as Server Operations, Output Processing, Workstation Operations etc. Customer service is also included and will be in the form of a Help desk.
Modern Times Group MTG AB Reorganization
STOCKHOLM, Sweden, Jan. 16, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY) (Other OTC:MTGNF), the international media group, today announced the reorganization of its broadcasting operations and their management structure into geographical regions. MTG's Free and Pay TV Broadcasting businesses in Sweden, Norway, Denmark and Eastern Europe, which already incorporate the New Media operations, have been merged with MTG's Radio businesses. The merged entities will report to a Managing Director in each country, enabling MTG management to focus further on utilising the synergies and exploiting the economies of scale amongst the broadcasting assets, in order to increase ratings and sales, as well as to reduce costs.
Myrient Reports Financial Results for Year Ended August 31, 2002; Myrient Shows Decreased Losses, Significant Increase in Gross Profit Margins
ALISO VIEJO, Calif., Jan. 16, 2003 (PRIMEZONE) -- Myrient(TM) (OTCBB:MYNTE) an outsourced IT solutions provider that specializes in delivering managed services, today reported year end revenues of $5,715,811, and a year end net loss of $7,301,521, representing a 10.4% decrease in net loss over the year ended 2001, and resulting in a decrease in per share loss by $0.08, from $0.22 to $0.14. The decrease in net loss occurred even though the Company wrote off nearly $1.6 million of impaired assets and over $3.0 million of expenses triggered by its discontinued DSL services. This was largely possible by shrinking general and administrative expenses by over $3.0 million and negotiating debt reductions of over $3.4 million. Additionally, the Company reported an increase in its gross profit margin by 30.2 percentage points, from 26.3% to 56.4%.
First Teacher-Approved Chatroom Protects Students and Parents
LOS ANGELES, Jan. 16, 2003 (PRIMEZONE) -- Today yourhomework LLC, a leading Web site for teachers, parents and over a half million students from grades K-12, announced a new security technology to keep unwanted individuals from participating in the group sessions currently offered through its new premium services, yourlocker(tm) -- a one-stop collection of site activities including safe chatrooms, email homework reminders, and easy access to online research services.