latest news releases from the newsroom
Metro Expands in Hungary
BERTRANGE, Luxembourg, March 31, 2005 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that Metro Hungary has expanded the national edition to cover five more cities. This latest move increases Metro Hungary's circulation by 50,000 copies to 380,000 copies per day. It is expected over time to increase Metro Hungary's official readership to close to 800,000 daily readers.
Horizon Offshore Inc.
Horizon Offshore, Inc. to Begin Trading on the OTC Bulletin Board; Provides Update Regarding Proposed Recapitalization and Refinancing of Indebtedness
HOUSTON, March 30, 2005 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) announced that it has decided to voluntarily delist its shares of common stock from the Nasdaq National Market, effective as of the close of business on Friday, April 1, 2005. The Company's common stock is expected to be available for trading on the NASD OTC Bulletin Board when the market opens on Monday, April 4, 2005. The Company elected to delist its common stock from the Nasdaq National Market so that it may issue common stock and convertible preferred stock in the debt for equity exchange component of its proposed recapitalization without the lengthy delay associated with obtaining stockholder approval required under the Nasdaq Marketplace Rules.
The Red Hat Society, Inc.
The Red Hat Society Registers its 40,000th Chapter
FULLERTON, Calif., March 30, 2005 (PRIMEZONE) -- More than one million Red Hatters have experienced fun and friendship with the Red Hat Society and women from all over the world are eagerly joining in. A social phenomenon that began when a few women decided to greet middle age with verve, humor and elan, the Red Hat Society has grown to include women of all ages, from all walks of life, with chapters in 29 countries.
Imagis Announces Year-End Results
VANCOUVER, British Columbia, March 30, 2005 (PRIMEZONE) -- Imagis Technologies, Inc. ("Imagis") (OTCBB:IMTIF) (TSX-V:WSI) (XETRA:IGYA) announced today that its fiscal year revenues at December 31, 2004 were $1,032,970, a decrease of 24 percent over the previous fiscal year level of $1,355,742. Software revenues decreased by 27% to $639,805 for the year compared to the prior year level of $877,438. Support and services revenues for the year declined 18% to $385,075 from the prior year level of $469,575. As of March 15, 2005 Imagis has received orders totalling $2,100,000 that are not recorded as at December 31, 2004. Consequently, Imagis expects that revenues will increase in the first two quarters of 2005 when compared to the first two quarters of 2004 and will continue to increase as the company's new products and solutions continue to gain increasing customer acceptance.
R Wireless, Inc.
R Wireless Inc. Announces Subsidiary's Agreement to Merge
LAS VEGAS, March 30, 2005 (PRIMEZONE) -- R Wireless, Inc. (Pink Sheets:RWLS) is pleased to announce that its subsidiary, Homes by Owners, Inc., has agreed to merge with Freedom Homes, Inc. The agreement, dated March 25, 2005, is between Freedom Homes; Homes by Owners; Jim Evans, who owns all the outstanding stock of Freedom Homes; R Wireless, Inc., which owns 95% of the outstanding stock of Homes By Owners, and Robert S. Wilson, who owns 5% of the outstanding stock of Homes By Owners. All parties to the agreement have agreed to merge Freedom Homes into Homes By Owners in a statutory merger under Georgia law, which will qualify as a tax-free reorganization for Federal and Georgia tax purposes. The resulting corporation will be named Freedom Homes, Inc.