latest news releases from the newsroom
Tripep is granted loan remission by Industrifonden
HUDDINGE, Sweden, Dec. 19, 2003 (PRIMEZONE) -- Tripep has received remission of half the loan of SEK 20 million from Industrifonden. As announced earlier, Tripep had applied for remission of the SEK 20 million loan that the company took in 2000 for development of the GPG project, on the basis of the negative results of the CTN002 clinical study with GPG. According to the loan agreement, it was possible for Industrifonden to grant remission wholly or partly of the debt of the borrower if Industrifonden found that the results from the project were wholly or partly unusable in the borrower's business operations.
Billerud signs agreement to aquire Henry Cooke Ltd.
STOCKHOLM, Sweden, Dec. 19, 2003 (PRIMEZONE) -- Billerud has signed an agreement to acquire the British paper making company Henry Cooke Ltd. The agreement is subject to approval by the British competition authority OFT. The price for the capital employed is around MSEK 200.
Intrepid Technology and Resources, Inc.
Intrepid Makes Major Announcement on Gold Property
IDAHO FALLS, Idaho, Dec. 19, 2003 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) a renewable energy company (OTCBB:IESV) has engaged the services of Wiley Consulting Associates, LLC (WCA) of Englewood, Colorado to provide a comprehensive evaluation of ITR's gold properties located in western Montana. The evaluation will include the Garnet gold property, which contains an estimated 450,000+ oz., of gold.
MSSI-TeleScience International Inc.
MSSI-TeleScience International Seeking Acquisitions In Homeland Security Market
VIENNA, Va., Dec. 19, 2003 (PRIMEZONE) -- MSSI-TeleScience International Inc., (OTCBB:MSSI), a provider of medical personnel, homeland security products and technology services to federal, state and local government agencies, announced today that it is actively pursuing acquisitions in the homeland security sector of its business. The Company is reported to be in the early stages of discussions with other providers of homeland security products and is seeking additional acquisition opportunities.
Kungsleden to build new retirement home
STOCKHOLM, Sweden, Dec. 19, 2003 (PRIMEZONE) -- The Swedish property company Kungsleden AB (publ) is to build a retirement home of approximately 3000m2 in collaboration with the Municipality of Halmstad.
Horizon Offshore Inc.
Horizon Offshore Issues Update
HOUSTON, Dec. 19, 2003 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) today announced that it expects to record an asset impairment charge in the fourth quarter as a result of the impairment of several of its marine construction vessels. Management has determined that, based on current and expected utilization levels, the value of the Phoenix Horizon, three of its small construction vessels, and a cargo barge has been impaired. The impairment of the Phoenix Horizon is a result of management's determination not to make capital improvements to it that are required to place the vessel into service due to the availability of other operational assets. The impairment of the other vessels and the cargo barge is a result of the sustained difficult economic environment and depressed market for the marine construction industry throughout 2003 that has resulted in a decline in the utilization of Horizon's vessels. The Company expects this decline in vessel utilization to continue into 2004. As a result of these actions, the Company expects to recognize in the fourth quarter a non-cash charge that is currently estimated to be between $16 million and $20 million on a pre-tax basis.