latest news releases from the newsroom
Basic Capital Management
American Realty, Transcontinental and Income Opportunity Name Horak as CFO
DALLAS, Oct. 2, 2001 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL), Transcontinental Realty Investors, Inc. (NYSE:TCI) and Income Opportunity Realty Investors, Inc. (AMEX:IOT) announced Tuesday that the affiliated companies have named Brent Horak, 28, as chief financial officer and vice president. In addition, Horak is CFO of Basic Capital Management, Inc., the private real-estate investment firm that serves as advisor to ARI, TRI and IORI.
Neoware Systems Announces First Quarter Fiscal 2002 Conference Call
KING OF PRUSSIA, Pa., Oct. 2, 2001 (PRIMEZONE) -- Neoware Systems (Nasdaq:NWRE), the leading supplier of award-winning software and solutions for the emerging Appliance Computing market, announced today that it intends to release its fiscal year 2002 first quarter results before the open of the market on Thursday, October 18, 2001.
Harsco Renews $131 Million Syndicated Credit Facility
HARRISBURG, Pa., Oct. 2, 2001 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that it has successfully renewed its $131 million, 364-day credit facility through a syndicate of banks led by JPMorgan Chase. Harsco Senior Vice President, Chief Financial Officer and Treasurer Salvatore D. Fazzolari said the renewal reaffirms the continued confidence of the lending community in Harsco's financial strength and long-term outlook. The 364-day facility is part of a combined $350 million credit facility that serves as backup to Harsco's investment-grade U.S. commercial paper program, rated A-2 by Standard & Poor's, P-2 by Moody's and F2 by Fitch IBCA.
Metso Completes Sale of Remedy Package to Sandvik
HELSINKI, Finland, Oct. 2, 2001 (PRIMEZONE) -- Metso Corporation's (NYSE:MX) sale to Sandvik AB of the remedy package within crushing and screening activities, agreed upon with the EU Commission and the US Federal Trade Commission (FTC), has been completed. The completion was conditional on the approval by the EU Commission and the FTC of Metso's acquisition of Svedala and of Sandvik as the purchaser of the remedy package. The remedy package was transferred to Sandvik on October 1, 2001.
Intentia: Grant Prideco Signs Movex Deal
STOCKHOLM, Sweden, Oct. 2, 2001 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INTB) is pleased to announce that Grant Prideco, Inc. (NYSE:GRP) has signed a contract to license and implement Intentia's Movex e-collaboration solution in its Houston, Texas headquarters and multiple facilities around the globe. Implementation of the full suite of Movex applications will begin in October. The enterprise system will serve 1,500 users. License value for the deal totals USD 1.8 million.
New Telenor Board Members
OSLO, Norway, Oct. 2, 2001 (PRIMEZONE) -- Telenor ASA's (Nasdaq:TELN) corporate assembly has elected Thorleif Enger, Einar Forde, Jorgen Lindegaard and Bjorg Ven to Telenor's board of directors, which has also been expanded from nine to ten members, seven of which are shareholder representatives. Inge K. Hansen, Kari Broberg and Mai Buch are the three board members being replaced.