latest news releases from the newsroom
Flamemaster Reports Earnings for September 30, 2002 Fiscal Year and 4th Quarter
SUN VALLEY, Calif., Dec. 12, 2002 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) reported net income of $625,063 on a 12% increase in revenues to $5,061,386 for the year ended September 30, 2002. In the year previous fiscal year earnings were $647,024 on revenues of $4,520,019. Per share results were $.44 basic and $.40 fully diluted in 2002 vs. $.41 basic as fully diluted in 2001.
Moody's Upgrades Hansabank's Ratings
HELSINKI, Finland, Dec. 12, 2002 (PRIMEZONE) -- Moody's today upgraded Hansabank's (Other OTC:HNSBF) deposit and debt ratings. The bank's deposit ratings were raised from Baa1/P-2 to A1/P-1. The senior unsecured debt rating was lifted from A2 to A1 and the subordinated debt rating from A3 to A2.
DORO Sells Its Swiss Business
LUND, Sweden, Dec. 12, 2002 (PRIMEZONE) -- DORO AB (publ) (Stockholm:DOROa) of Lund, listed on Stockholmborsen's O-list, has signed an agreement with the Wycom group of Wettingen, Switzerland, to transfer its telephony business in Switzerland on 31 December 2002. Wycom sells a range of consumer electronics including telephones. The telephone business with DORO Audioline will be handled by Beletec AG, which is a fully-owned subsidiary to Wycom AG.
Substantial Rise in Value for Mandamus' Residential Properties
STOCKHOLM, Sweden, Dec. 12, 2002 (PRIMEZONE) -- The external year-end valuation of all Mandamus' (Other OTC:MNDMF) (Stockholm:MFAS) properties shows strong value growth during 2002. For the residential properties, which make up 86% of the property stock, the value increase is 7.5%. For the entire property stock, the figure is 7%. It has risen in value by some SEK 465m, bringing the total market value of the company's properties up to SEK 7,080m.
TietoEnator Delivers Payment Card Software to Rietumu Bank
ESPOO, Finland, Dec. 12, 2002 (PRIMEZONE) -- TietoEnator (Other OTC:TTNTF) (Stockholm:TIEN) has signed an agreement with Rietumu Bank (Latvia) on delivery of a software solution for payment card operations and financial service distribution. The agreement includes complete implementation of smart cards.