latest news releases from the newsroom
Carcorp USA Announces Special Committee for Due Diligence Review and Announces Cancellation of Shares
FORT LAUDERDALE, Fla., Aug. 28, 2002 (PRIMEZONE) -- Carcorp USA Inc. ("CUSA") (OTCBB:CUSA) announced that a special committee of the board of directors has been formed to review the merger document and associated consulting agreements that resulted in Carcorp USA entering the public marketplace. The goal of the Special Committee, headed by Claude Kirk, former governor of Florida, is to determine if significant breaches have occurred and to take the proper corrective action, if warranted.
Pacific Nakon International, Inc.
Pacific Nakon International, Inc. Announced Today the Appointment of its Executive Vice President and General Counsel, George K. Wallace, to the Board of Directors of eConnect
HONOLULU, Hawaii, Aug. 28, 2002 (PRIMEZONE) -- Pacific Nakon International, Inc. today announced that it's Executive Vice President and General Counsel, George K. Wallace, has been appointed to serve on the Board of Directors of eConnect (Pink Sheets:ECNT).
Modern MFG Services, Inc.
Modern MFG Services, Inc. Concludes Initial Funding
MUKILTEO, Wash., Aug. 28, 2002 (PRIMEZONE) -- Modern MFG Services, Inc. (OTCBB:MMFS) (Modern) is pleased to announce the completion of phase one of its funding requirements. This funding will allow the company to meet its objectives announced in the May 14, 2002 press release, specifically the acquisition of Integrated Maritime Platforms International Inc. "We are very excited about moving forward with the acquisition of Integrated Maritime Platforms International Inc.," says Modern MFG Services Inc. President and CEO Roger Janssen. "In concluding this funding we will immediately begin design and development on the prototype craft as requested by the US Navy. We have received many requests for information on the GB Craft to be used in various applications throughout the continental United States as well as internationally, since our first announcement of the project on May 14. It is our intention to meet with these organizations within the coming weeks to discuss their specific requirements and demonstrate to them our ability to provide a Craft that meets their specifications," concludes Mr. Janssen.
KMG Chemicals, Inc.
KMG Chemicals, Inc. Declares Semi-Annual Cash Dividend
HOUSTON, Aug. 28, 2002 (PRIMEZONE) -- KMG Chemicals, Inc. (Nasdaq:KMGB), a global provider of specialty chemicals in carefully focused markets, announced that its Board of Directors has declared a semi-annual cash dividend of $0.0225 per common share. It is payable on September 30, 2002 to shareholders of record as of September 13, 2002. This is the second semi-annual cash dividend for fiscal 2002. The company's annual dividend rate is $0.045 per common share. As of July 31, 2002, there were approximately 7.5 million common shares outstanding.
Olicom Reports First Half 2002 Results
COPENHAGEN, Denmark, Aug. 28, 2002 (PRIMEZONE) -- Olicom A/S today announced a net loss for the first six months of 2002 of 11.4 million Danish Kroner ("DKK"), or U.S. $1.5 million. The loss per share was DKK 0.67 or U.S. $0.09 per share. All amounts expressed in U.S. dollars are calculated at the June 30, 2002, rate of exchange between the U.S. dollar and the Danish Krone.
GN Store Nord
GN Store Nord: Q2/2002
COPENHAGEN, Denmark, Aug. 28, 2002 (PRIMEZONE) -- Q2 revenues and earnings are in line with GN's expectations. GN Netcom's headset sales to mobile market rose by 80% to DKK 63 million. GN ReSound's "Closing the Margin Gap" on track and Canta 2 launch strengthens position in digital market. NetTest's new CMA 5000 well received by market and demand for MasterQuest is increasing. AT&T Wireless places pilot order for field-testing on GPRS network. GN Magazine is outsee www.gn.com