latest news releases from the newsroom
Smedvig Secures new Drilling Contract for West Alpha
STAVANGER, Norway, July 14, 2003 (PRIMEZONE) -- Statoil (NYSE:STO) has awarded a letter of intent to Smedvig for the assignment of the fourth generation drilling rig West Alpha. The contract includes production drilling on the Kristin field in the Norwegian Sea. The contract has a duration of 12 months with options for four additional periods of three months each. The estimated contract value for the firm part of the contract is approximately US$ 40 million. West Alpha is currently drilling for Statoil on the Heidrun field, an assignment that is scheduled to be completed in the fourth quarter. The new contract is expected to start ultimo February next year in direct continuation of a periodical survey including modifications of the unit.
Celsis International Plc
Celsis International plc Announces Preferred Supplier Agreement with GlaxoSmithKline
SUFFOLK, United Kingdom, July 14, 2003 (PRIMEZONE) -- Celsis International plc, a world leading rapid microbial testing company whose diagnostic systems detect and measure contamination for the pharmaceutical, personal care, dairy and beverage industries, announces it has agreed a preferred supplier contract with GlaxoSmithKline (NYSE:GSK) for rapid microbial testing systems. Celsis have already implemented six systems in GlaxoSmithKline sites.
Crucell Announces Second Quarter 2003 Results
LEIDEN, The Netherlands, July 14, 2003 (PRIMEZONE) -- Dutch biotechnology company Crucell N.V. (Euronext:CRXL) (Nasdaq:CRXL) today announced its financial results for the second quarter of 2003. Crucell's revenues for the second quarter 2003 were Euro 1.1 million (US$ 1.3 million) compared to Euro 2.9 million (US$ 3.3 million) for the same quarter in 2002. Net loss for the second quarter was Euro 6.2 million (US$ 7.1 million), compared to Euro 6.1 million (US$ 7.0 million) for the same quarter last year.Crucell's total revenues for the first half year were Euro 3.3 million (US$ 3.7 million), compared to Euro 5.0 million (US$ 5.7 million) for the same period last year. The net loss for the first half year 2003 decreased by 14 % to Euro 9.9 million (US$ 11.3 million) down from a net loss of Euro 11.4 million (US$ 13.1 million) in the same period last year.
Tele2 Launches its Fourth GSM Network in Russia
NEW YORK and STOCKHOLM, Sweden, July 14, 2003 (PRIMEZONE) -- Tele2 AB, ("Tele2"), (Nasdaq:TLTOA) (Nasdaq:TLTOB) and (Stockholm:TEL2A) and (Stockholm:TEL2B), the leading alternative pan-European telecommunications company, today announced that on 12 July, in Kemerovo Region in South Western Siberia, it officially launched its fourth Russian GSM-network under the Tele2 brand.
Bull & Lifshitz, LLP
Bull & Lifshitz, LLP Announces Class Action Against Cree, Inc. -- CREE
NEW YORK, July 11, 2003 (PRIMEZONE) -- Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for the Middle District of North Carolina on behalf of purchasers of Cree, Inc., ("Cree" or the "Company") (Nasdaq:CREE) between July 24, 2001 and June 13, 2003, inclusive (the "Class Period").