latest news releases from the newsroom
SAS: snowflake Destined for Beirut, Belgrade and Istanbul
STOCKHOLM, Sweden, May 14, 2003 (PRIMEZONE) -- SAS (Other OTC:SASDF): to date, more than 200,000 aircraft seats have been booked on snowflake and interest among travelers is considerable. Capacity usage on board in April was more than 72 percent and www.flysnowflake.com now has an average of 40,000 visits per week.
Horizon Offshore Inc.
Horizon Offshore Reports First Quarter Results
HOUSTON, May 14, 2003 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) today reported a net loss for the quarter ended March 31, 2003 of $2.9 million, or $0.11 per share-diluted. This compares with net income of $0.4 million, or $0.02 per share-diluted, for the first quarter of 2002.
Saab Ericsson Space to Shed 80 People in Gothenburg
LINKOPING, Sweden, May 14, 2003 (PRIMEZONE) -- Saab Ericsson Space is to lose a further 80 personnel from its Gothenburg operation. The international market for telecommunications satellites remains weak, and Sweden's space budget has gradually been cut back over a number of years.
Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. Purchase of Own Shares
DUBLIN, Ireland, May 14, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on 13 May 2003, it purchased ordinary shares. Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on 13 May 2003, it purchased 1,450,000 of its ordinary shares, at an average price of Euro 14.1724, to be held as treasury shares.
City Network Makes Significant In-Roads in Shanghai Broadband Market
TAIPEI, Taiwan, May 14, 2003 (PRIMEZONE) -- City Network Inc. (OTCBB:CYNW) is celebrating its second consecutive year of providing Home PNA and VDSL Internet equipment solutions to one of China's largest communication companies Shanghai Telecom (www.sta.net.cn). Shanghai Magicnet Inc. (www.chongwang.com), an agent and supplier of broadband Internet equipment to Shanghai Telecom, is one of City Network's key investments in developing China's burgeoning internet market. Shanghai Magicnet has been responsible for winning important license and supplier agreements with Shanghai Telecom, in order to increase the ubiquity of high-speed, broadband Internet use among Shanghai's several million Internet users. Magicnet is currently working with Shanghai Telecom in the planning and development of projects for Shanghai's massive multi-dwelling unit market.
SecureCARE Technologies, Inc.
eClickMD, Inc. Files for Financial Reorganization
AUSTIN, Texas, May 13, 2003 (PRIMEZONE) -- eClickMD, Inc. (OTCBB:ECMD) today announced that they have filed a voluntary petition under Chapter 11 of the Bankruptcy Code as a part of its financial strategy to ease the Company's debt service associated with years of high-cost technology development. The company is currently negotiating a reorganization plan that it will file with the courts shortly.
Oneida Reports First Quarter Results
ONEIDA, N.Y., May 13, 2003 (PRIMEZONE) -- Oneida Ltd. (NYSE:OCQ) today announced that operating results for the first quarter ended April 26, 2003 included a net loss of $3.4 million, equal to a loss of $0.21 per share on sales of $103.9 million. This compares to year-ago net income of $1.6 million, equal to earnings of $0.10 per share on sales of $115 million, for the first quarter of the fiscal year that ended January 2003.