latest news releases from the newsroom
Skanska awarded railway contract in Prague valued at SEK 735 M
STOCKHOLM, Sweden, July 14, 2004 (PRIMEZONE) -- A consortium led by Skanska has been awarded a contract for an extensive railway project in Prague in the Czech Republic. The value of the contract for the consortium is SEK 2.3 billion (CZK 7.85 billion), of which Skanska's share of 32 percent amounts to SEK 735 million. The value of this contract will be included in order bookings during the third quarter of 2004.
Telelogic signs Euro 1.3 Million agreement with leading provider of business integration software
MALMO, Sweden, July 14, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a four year Euro 1.3 million term based license agreement with a leading European provider of business integration software. The agreement includes Telelogic's requirements management solution DOORS and its change and configuration management solution SYNERGY.
Financial Access Solutions Technology, Inc.
Bach-Hauser Signs Agreement With G:Company Inc. Of Korea
TORONTO, July 13, 2004 (PRIMEZONE) -- Bach-Hauser, Inc. (Pink Sheets:BHUS) has signed a memorandum of understanding with G:Company, Inc., a privately held Korean company. Bach-Hauser has negotiated with G:Company for a percentage ownership of their company. A minimum stake of 30% has already been agreed upon with ongoing negotiations for a larger stake. Terms and conditions of the acquisition are presently being finalized. G:Company is a fully integrated multimedia company with both production and marketing entities in video game design and production, internet tools, web design and animation. Since its creation in 1996, G:Company's vision has been focused on combining exceptional creative talent with the latest technology to deliver the highest quality product to the market.
San Diego Gas & Electric
SDG&E Joins Settlement With Duke Energy
SAN DIEGO, July 13, 2004 (PRIMEZONE) -- San Diego Gas & Electric (SDG&E) joined with other California parties today in announcing that they have reached a settlement with Duke Energy Corp. and some of its affiliates that will provide refunds concerning Duke's energy charges during the California energy crisis of 2000-01.
EMS Technologies, Inc.
EMS Technologies Announces Preliminary Second Quarter 2004 Results
ATLANTA, July 13, 2004 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today announced that during the second quarter of 2004, it received record defense contract awards that will benefit future periods; however, the Company's second quarter earnings will be below its previously issued guidance primarily due to a low order level in the SatNet division. EMS expects to announce final results for the second quarter during the week of July 26, 2004, at which time there will be a conference call to review both the historical results in detail and the Company's guidance for the remainder of the year.
The Ensemble Theatre
The Ensemble Theatre Announces 2004-2005 Season -- We're Having A Ball Telling Our Story
HOUSTON, July 13, 2004 (PRIMEZONE) -- The Ensemble Theatre is proud to announce its 28th Season, opening September 18, 2004. "The season kicks off within weeks of our black tie gala in August, an evening of 'ball gowns', theatrical tributes, and entertainment", observes Producing Artistic Director, Marsha Jackson-Randolph. "We want new and core audiences to know that the entertainment quotient will be high and thus, the entire season carries the theme, "We're Having A Ball Telling Our Story!" Highlights of the season include four acclaimed plays presented Off-Broadway this season. In addition to the encore presentation of "Crowns" (extended twice during its successful Ensemble run), these hits straight from New York include "The Story", "A Pure Gospel Christmas", and "From My Hometown". Jackson-Randolph adds, "three of these new works originated at other non-profit theatres across the country, before opening in New York. True to form, The Ensemble continues a tradition of showcasing some of the best work in the country."
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Second Quarter 2004 Net Income
WEST PALM BEACH, Fla., July 13, 2004 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported net income for the second quarter of 2004 of $0.8 million or $0.01 per share compared to net income of $4.1 million or $0.06 per share for the second quarter of 2003; second quarter 2004 results include a provision of $9.3 million related to a jury verdict rendered on July 9th, as discussed below. For the six months ended June 30, 2004 the Company reported net income of $7.5 million or $0.11 per share as compared to a net loss of $(4.3) million or $(0.06) per share in the same period in 2003. Net income in 2004 would have been $10.1 million for the second quarter and $16.8 million year to date, excluding the provision for the jury verdict. (Management is presenting this non-GAAP financial measure because it believes the measure will assist investors in making meaningful comparisons to prior periods.)