latest news releases from the newsroom
eLEC Communications Corp.
eLEC Announces Sale of Building
NEW ROCHELLE, N.Y., Oct. 9, 2003 (PRIMEZONE) -- eLEC Communications Corp. (OTCBB:ELEC), a provider of local and long distance telephone service, today announced it has completed the sale of its corporate headquarters building located at 543 Main Street, New Rochelle, New York. The company has moved its corporate headquarters to 75 South Broadway in White Plains, New York.
SMS.ac -- Mobile Messaging Improving People's Lives
SAN DIEGO, Oct. 9, 2003- Mobile messaging is greatly impacting how society interacts and communicates. While person-to-person messaging will continue to drive messaging activity, more profound and robust applications are emerging as text messaging becomes more ubiquitous. Michael Pousti, chairman and chief executive of wireless communications company SMS.ac, Inc. (www.sms.ac/corporate), recently discussed this topic with other wireless industry leaders at Global Mobile 2003 (www.sms.ac/globalmobile).
Hansabank buys a Lithuanian life-insurance company
TALLINN, Finland, Oct. 9, 2003 (PRIMEZONE) -- Hansabank's (Other OTC:HNSBF) Lithuanian subsidiary AB Bankas Hansabankas has today signed a purchase agreement for acquiring 100% of the life insurance subsidiary of UAB Lietuvos Draudimas, UAB Lietuvos Draudimo Gyvybes Draudimas (LDGD). Hansabankas is paying LTL 63.5 million (EUR 18.4m) for the company. LDGD holds 42% of the Lithuanian life insurance market. Collected premiums in the first half of 2003 amounted to LTL 42.2 million (EUR 12.2m).
SKF and Metso Corporation signed two-year contract worth 350 million SEK
GOTEBORG, Sweden, Oct. 09, 2003 (PRIMEZONE) -- SKF (Nasdaq:SKFR) and Metso Corporation (NYSE:MX) have signed a two-year agreement regarding supplies of SKF products and competence to Metso Paper, Metso Minerals and Metso Drives globally. The value of the contract is around 350 million SEK for the 2-year period.
Allied Domecq PLC
Allied Domecq PLC Bid for Peter Lehmann Wines Limited Declared Unconditional
BRISTOL, U.K. , Oct. 9, 2003 (PRIMEZONE) -- Allied Domecq PLC (Allied Domecq) (NYSE:AED) (Other OTC:ALDQF) today announces that it has declared its Offer for Peter Lehmann Wines Limited (PLW), through its wholly owned subsidiary Allied Domecq Wines Australia Pty. Ltd., free of all remaining conditions. Allied Domecq will also accelerate dispatch of payment to shareholders to within five days after acceptance.
Sectra: Finnish customer is first to order new eavesdrop-secure Tiger XS terminal
LINKOPING, Sweden, Oct. 9, 2003 (PRIMEZONE) -- Finnish customer is first to order new eavesdrop-secure Tiger XS terminal Through its cooperation partner Ascom Fintel, Sectra has received its first order for the new mobile Tiger(R) XS terminal. The customer has also ordered Tiger(R) Gateway. The customer is Finnish and the order also represents a breakthrough on the Finnish market.
E Team, Inc.
Renowned Emergency Managers Join E Team
LOS ANGELES, Oct. 8, 2003 (PRIMEZONE) -- E Team, Inc., the proven, market-leading provider of collaborative software for crisis management, today announced the appointment of Victor Subia as Director of Sales Operations, Western Region and Richard Comerford as Director of Training and Exercises. With over 45 years of collective crisis management experience and industry-wide recognition, Subia and Comerford will be instrumental in enhancing E Team's training and exercises program, customer service, and software to ensure they continue to meet ever-changing industry requirements.