latest news releases from the newsroom
Sonoran Energy, Inc.
Sonoran Energy to be Featured on MacReport
LOS ANGELES, April 3, 2003 (PRIMEZONE) -- Sonoran Energy (OTCBB:SNRN) is scheduled to be featured on MacReport.Net to increase its exposure to the investor community. Sonoran Energy has had a very positive recent history and is poised for growth and expansion. The MacReport.Net is an information and media company that provides a Web-based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its Web site, located at http://www.macreport.net. The MacReport.Net also plans to provide creative and production services to develop visual events ranging from live coverage of merger announcements to public relations campaigns to new product introductions.
Old Mutual plc
Old Mutual plc: Head office relocation
LONDON, April 3, 2003 (PRIMEZONE) -- Old Mutual plc ("Old Mutual") (Other OTC:ODMTF) has exercised a break option, effective from October 2003, over its the lease of its current head office premises at Lansdowne House in Berkeley Square, London. With effect from October 1, 2003, Jim Sutcliffe, Old Mutual's Chief Executive and the rest of Old Mutual's head office team will be relocating to Old Mutual Place, 2 Lambeth Hill, EC4V 4GG.Old Mutual Place is a 200,000 sq ft building in the City which is already home to UK operating subsidiaries, Gerrard and GNI Fund Management.
Lundbergs Annual General Meeting
STOCKHOLM, Sweden, April 3, 2003 (PRIMEZONE) -- Lundbergs' Annual General Meeting on Thursday, April 3 adopted the Board of Directors' proposal that a dividend of SEK 6.00 per share be paid for the 2002 fiscal year, which corresponds to an increase compared with the SEK 5.75 paid for the preceding year. The record date for dividends is April 8, 2003 and dividend payment will commence on April 11, 2003.
GeoResources, Inc. 2002 Earnings Up 116%
WILLISTON, N.D., April 3, 2003 (PRIMEZONE) -- GeoResources, Inc. (Nasdaq:GEOI) today reported 2002 net income increased 116% to $91,000 or $0.02 per share on revenue of $3,849,000 compared to 2001 net income of $42,000 or $0.01 per share on revenue of $3,978,000. Earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) for the year was $890,000, a 2% increase from the prior year.
LGP Proposes that AGM Approve Transfer of Subsidiaries to Close Associate
SOLNA, Sweden, April 3, 2003 (PRIMEZONE) -- At its meeting today, the Board of Directors of LGP Telecom Holding AB decided to propose that its Annual General Meeting on May 6, 2003, approve the transfer of all shares in the Swedish subsidiary Hamex Hardmetallverktyg AB ("Hamex") and all participations in the Austrian subsidiary Bertmann GmbH ("Bertmann") to Mikael Gottschlich, Board member and shareholder, as well as former President of LGP Telecom Holding AB. The purchase price for Hamex amounts to MSEK 20 and MSEK 18 for Bertmann, based on an independent fairness opinion conducted by PricewaterhouseCoopers ("PwC"). The Board's complete proposal for a decision on these transfers, the Board's report on this and the fairness opinion prepared by PwC will be available on the company's website, www.lgp.se, as of April 17, 2003, and will be sent to shareholders who so request.
Virage Teams with EDS and EMC at NAB 2003 Conference; Virage to Showcase New Products at Booth No. SL1854
SAN MATEO, Calif., April 3, 2003 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE) today announced that it will demonstrate its latest technology offerings at the National Association of Broadcasters (NAB) 2003 Conference in Las Vegas, April 7-10, Virage booth No. SL1854. At the show, Virage will announce two major new product releases and will demonstrate these products publicly for the first time. In addition, EDS and EMC Corporation will be in the Virage booth demonstrating their latest technologies.