latest news releases from the newsroom
Hannover Re Strengthens Equity Base
HANNOVER, Germany, Dec. 17, 2002 (PRIMEZONE) -- Hannover Re's (Other OTC:HVRRF) subsidiary ES Ruck, bearing exclusive responsibility for German business within the Group, yesterday successfully completed the capital increase announced in October.
TietoEnator to Install Global Workstation Network for Fortum
ESPOO, Finland, Dec. 17, 2002 (PRIMEZONE) -- TietoEnator (Other OTC:TTNTF) (Stockholm:TIEN) has been contracted by Nordic energy company Fortum to install all of Fortum's 10,000 workstations and more than 250 office servers worldwide in conformance with Fortum's new workstation standard.
Jan Roxendal New CEO for Intrum Justitia
STOCKHOLM, Sweden, Dec. 17, 2002 (PRIMEZONE) -- Jan Roxendal will assume the position of CEO of Intrum Justitia (Other OTC:INJJF) (Stockholm:IJ) as soon as possible or at the latest as of March 1, 2003. He will be based at the company's head office in Nacka, Stockholm, Sweden.
Hansabank Group Strategy Update for 2003
HELSINKI, Finland, Dec. 17, 2002 (PRIMEZONE) -- Following a successful year marked by the II pillar pension project in Estonia, improvement of profitability in Latvia and the completion of LTB integration in Lithuania, Hansabank (Other OTC:HNSBF) updates its corporate strategy, setting the priorities for 2003.
Q-Net Technologies, Inc.
Q-Net Technologies Announces Financing
LOS ANGELES, Dec. 16, 2002 (PRIMEZONE) -- Q-Net Technologies, Inc., (OTCBB:QNTI) (Frankfurt:QNO) ("Q-Net or the Company") is pleased to announce that its private placement for 5,000,000 restricted common shares at $0.10 cents per share has been fully subscribed. Total proceeds to the Company will be $500,000 USD and full funding will be completed by December 31, 2002. An additional 350,000 shares of restricted common stock will also be issued as a finder's fee in conjunction with the financing. This is equal to 7% of the total funding being received by Q-Net.
Globetech Ventures Corp.
Globetech Ventures Announces Agreement with GreenBank Partners
VANCOUVER, B.C., December 16, 2002 (PRIMEZONE) -- Globetech Ventures Corporation (OTCBB:GTVCF), the funding developer of TranslationWave.com, is pleased to announce TranslationWave.com has entered into an agreement with GreenBank Partners, a Washington-based marketing and consulting firm, to promote, market and sell its product TranslationWave.
Harwood Feffer LLP
Wechsler Harwood LLP Announces Class Action Lawsuit Against Annuity and Life Re (Holdings), Ltd. -- ANR
NEW YORK, Dec. 16, 2002 (PRIMEZONE) -- Wechsler Harwood LLP today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Annuity and Life Re (Holdings), Ltd. (NYSE:ANR) between February 12, 2001 and November 19, 2002, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on Wechsler Harwood web site at: www.whesq.com