latest news releases from the newsroom
Proposal by the Board of Directors to the Extraordinary General Meeting of Proha
HELSINKI, Finland, Oct. 23, 2002 (PRIMEZONE) -- In its meeting on October 22, 2002 the Proha Board of Directors decided to propose the Extraordinary General Meeting of Proha on October 23, 2002 the following on the strategy and corporate structure regarding the Company's ownership of its shares of Artemis International Solutions Corporation; and on the composition of the Board of Directors:
iPrint Technologies Announces Completion of Assignment for Benefit of Creditors
SANTA CLARA, Calif., Oct. 22, 2002 (PRIMEZONE) -- iPrint Technologies, inc. (Pink Sheets:IPRT), a provider of online and offline marketing and customized branding solutions, announced that it expects to complete its previously announced assignment for the benefit of its creditors today. The assignment of iPrint's assets will be made in trust to Sherwood Partners, Inc. ("Sherwood"), a third party assignee. It is also expected that substantially all of the assets of iPrint will be purchased from Sherwood as a going concern by MadeToOrder.com, Inc. (MTO), a privately held technology leader for business-to-business procurement of logo merchandise.
Proha Sells Accountor Oy and Concentrates on Global Software Business
HELSINKI, Finland, Oct. 23, 2002 (PRIMEZONE) -- Proha Plc has agreed to sell Accountor Oy, which is a part of Proha's financial management business area, to the Pretax Group, the largest provider of outsourced financial management and payroll services in Finland. The price paid in cash is approximately EUR 4 million. The final selling price can be higher depending on the result of Accountor at the end of the accounting period ending on February 28, 2004. The closing is estimated to take place by early December 2002. Accountor continues as an independent subsidiary in the Pretax Group. The transaction will not effect the position of the Accountor personnel.