latest news releases from the newsroom
Biovitrum acquires promising oncology project from Karolinska
STOCKHOLM, Sweden, Aug. 26, 2004 (PRIMEZONE) -- Biovitrum today announces that the company acquires a promising oncology project from Axelar AB, an innovative company established by leading researchers at the Karolinska Institute, and Karolinska Innovations AB. The project is targeting the growth of tumor cells and may lead to future treatment opportunities for various types of cancer. The project includes development of molecules that inhibit the IGF-1 receptor, which is involved in the growth of tumor cells in several ways.
Global Entertainment Corporation
Global Entertainment Corporation Reports Results for Fiscal Year 2004
PHOENIX, Aug. 26, 2004 (PRIMEZONE) -- Global Entertainment Corporation (OTCBB:GECO), a multi-purpose entertainment company, today reported results for its fiscal year ended May 31, 2004. Revenue increased 36.6% to $5,252,696 compared to $3,844,390 for fiscal year ended 2003. Net income of $847,971 for the twelve-month period rose 33.5% compared to $634,729 for the same twelve-month period of the prior year. EPS for the fiscal year 2004 was $0.20 per diluted share, a 25.0% increase over EPS of $0.16 per diluted share for the prior year.
Invik Extraordinary General Meeting
STOCKHOLM, Sweden, Aug. 26, 2004 (PRIMEZONE) -- Invik & Co. AB ("Invik"), under a change of name to Investment AB Kinnevik, today announced that the company's Extraordinary General Meeting (EGM), held today in Stockholm, elected Pehr G Gyllenhammar, Edvard von Horn and Stig Nordin as new Board Members. Following the election, the Board of Directors consists of Pehr G Gyllenhammar, Cristina Stenbeck, Edvard von Horn, Wilhelm Klingspor, Erik Mitteregger and Stig Nordin.
Skanska to Construct Hospital in Detroit for About SEK 460 M (USD 61 M)
STOCKHOLM, Sweden, Aug. 26, 2004 (PRIMEZONE) -- Skanska has been contracted to provide construction management services for the expansion of a hospital in Detroit, Michigan, in the US. The contract is valued at a total of USD 94 M, about SEK 710 M. Skanska's share is 65 percent, corresponding to USD 61.1 M, about SEK 460 M.
Volvo Truck deliveries January -- July 2004
GOTEBORG, Sweden, Aug. 26, 2004 (PRIMEZONE) -- Total deliveries of trucks from the Volvo Group's three truck companies increased 22% through July this year, compared with the year-earlier period. Deliveries from Mack rose 26%, while deliveries from Renault Trucks were up 13%. Deliveries from Volvo Trucks increased 29% during the period.
RENTOKIL INITIAL -- video interviews
EAST GRINSTEAD, U.K., Aug. 26, 2004 (PRIMEZONE) -- Interim results and Chairman's review. Indepth interviews available now on www.cantos.com with Brian McGowan, Chairman and Roger Payne, CFO.