latest news releases from the newsroom
Song Networks Holding
Song Networks Holding AB Announces Second Quarter 2002 Results
STOCKHOLM, Sweden, Aug. 13, 2002 (PRIMEZONE) -- Song Networks' revenues in the second quarter totaled SEK 559 million (US $61 million). This represents a 5% decrease over last quarter and an 11% increase compared to the same period of the previous year. Gross margin improved by 65 basis points, from 40.1% in the first quarter of 2002 to 40.7% or by 1,000 basis points from the same period the previous year. Adjusted sales, general and administration costs (SG&A) 1) improved to 47% of revenues or to SEK 261 million (US $28 million) during the second quarter from 48% or from SEK 284 million (US $31 million) the previous quarter. Adjusted SG&A was 62% of revenues or SEK 314 million (US $34 million) during the second quarter in 2001.
Aventura Holdings, Inc.
Sun Network Group Plans Expansion of Live Media Enterprises
CORAL SPRINGS, Fla., Aug. 13, 2002 (PRIMEZONE) -- Howard Mauskopf, founder and CEO of Live Media Enterprises ("LIVE"), was recently interviewed on IPOdesktop.com, a Web radio show, wherein he spelled out in detail his plans for expanding the company. Sun Network Group (OTCBB:SNNW) recently announced it signed a letter of intent to acquire Beverly Hills, California based LIVE.
Virage Webinar Highlights New Solution for Automated Publishing of Video and Rich Media Delivery
SAN MATEO, Calif., Aug. 13, 2002 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE) today announced that Virage will be hosting a free online seminar covering its newest publishing solution, VS Publishing(tm) 2.0. Announced in July, VS Publishing is the industry's first software product for automated packaging, distribution and publishing of video and rich media content to the Internet and corporate Intranets. The seminar will be webcast on August 15, 2002 at 9:30 a.m. PT (12:30 p.m. ET).