latest news releases from the newsroom
SAS Receives First Airbus, A330-300
STOCKHOLM, Sweden, Oct. 1, 2002 (PRIMEZONE) -- On October 1 this year, Scandinavian Airline's (Other OTC:SASDF) first Airbus, A330-300, will be delivered to Kastrup Airport, Denmark. This aircraft model is intended primarily for the airline's traffic across the North Atlantic.
SEB Kort Acquires Eurocard in Norway
STOCKHOLM, Sweden, Oct. 1, 2002 (PRIMEZONE) -- SEB Kort has acquired 100 per cent of the shares of Europay Norge AS at a price of NOK 1 billion. Europay Norge has the rights to the Eurocard brand in Norway. The business includes direct card issuing, merchant acquiring and card support services.
Precise Biometrics AB
Precise Biometrics Receives Initial Order from Its New Distribution Partner, International Electronics, Inc.
LUND, Sweden, Oct. 1, 2002 (PRIMEZONE) -- Precise Biometrics AB (publ) (Other OTC:PBMTF) (Stockholm:PRECa), developer and provider of world-leading and user-friendly biometric security solutions based on fingerprints, has signed a distribution agreement with International Electronics, Inc. (IEI) (Nasdaq:IEIB), a security industry leader in the design and sale of stand alone single door and networkable single door access control products. The agreement concerns Precise Biometrics' products for physical access control, and IEI already has placed an initial order for Precise BioAccess(TM) corresponding to a value of 0,5 MSEK.
WM-data Implements Further Reductions
STOCKHOLM, Sweden, Oct. 1, 2002 (PRIMEZONE) -- During the year, WM-data (Other OTC:WMDTF) (Stockholm:WMb) has carried out a number of measures that have successively reduced its total costs. Nevertheless, demand for IT and product development services have continued to weaken during the third quarter. Against this background, WM-data finds it necessary to implement further cutbacks, particularly in its Swedish operations. It is estimated that a total of 400 employees will be affected and the costs, which will be reported among items affecting comparability, will amount to about SEK 125 M. Some of these measures, such as the shut-down of WM-data Knowledge with about 80 employees, have already been taken and the others will be implemented during the coming quarter.