latest news releases from the newsroom
UTi Worldwide Provides Outlook for Fiscal Second Quarter
RANCHO DOMINGUEZ, Calif., July 30, 2001 (PRIMEZONE) -- In light of the industry-wide impact from lower worldwide airfreight shipment volumes and continuing weakness in currency exchange rates, UTi Worldwide Inc. (Nasdaq:UTIW) today said that, based on the company's initial results for the first two months of the second fiscal quarter ending July 31, 2001, it expects net revenue growth to slow to a rate of 1% to 5% over the corresponding quarter last year.
IBC Capitalizes On Microsoft Encouraged Broadband Buildout
IRVINE, Calif., July 30, 2001 (PRIMEZONE) -- IBC, Inc (www.ibc.tv) announced today that it believes its broad suite of financial services and solutions will contribute significantly to the evolution of broadband for financial institutions and investors. IBC.Tv offers some of the most comprehensive broadband financial information online today including streaming audio and video, featured company profiles, news, and analysis from sources including Morningstar, CNNFn and Bloomberg Television.
National Motorists Association Says Cities at Fault for Red Light Violations, Not Drivers
WAUNAKEE, Wis., July 30, 2001 (PRIMEZONE) -- Eric Skrum,
Communications Director for the National Motorists Association
stated: "Red light violations are a problem created by government
agencies, not the typical driver. It has been well proven that
sound engineering practices improve compliance with traffic laws
and traffic signals while reducing accidents. If large numbers of
otherwise law-abiding citizens do not comply with a particular law
or regulation, the root cause is not the citizens, but rather the
law or regulation, or its implementation. We have re-learned this
principle, in spades, with the apparent and dramatic increase in
red light violations. Why are drivers-in large numbers-choosing to
ignore a regulation they claim to respect?"
Press Release Network
Munchables Targets Multi-Unit Area Developers for a Patented Commercial Snack System
CHINO HILLS, Calif., July 30, 2001 (PRIMEZONE) -- After years of intensive development and market testing, Munchables announced that its commercial Snack Factory appliance will be ready for delivery early next year. Jon Tedesco, president of Munchables, Inc. said, "It's been six long years but we have completed all development on our futuristic system to produce fun snack foods that puff without frying in less than a minute. We learned from offering our consumer snack making system that a commercial version would be a perfect addition in theaters, arenas, bars, malls, schools, and many other places of entertainment." Tedesco continued, "It's like making popcorn but with much more variety."