latest news releases from the newsroom
Sale of Interliant Assets and Operations Complete; Plan of Liquidation to be Filed
PURCHASE, N.Y., May 20, 2003 (PRIMEZONE) -- Interliant, Inc. (OTCBB:INIT) today announced that on May 16, 2003, it closed on the sale of substantially all of its assets comprising its entire business operations, to a wholly owned subsidiary of NaviSite, Inc. (Nasdaq:NAVI). NaviSite, a provider of application and infrastructure management services, was the successful bidder at a bankruptcy auction conducted on May 8 and 9, 2003. On May 15, 2003, the US Bankruptcy Court for the Southern District of New York entered an order authorizing and approving the sale.
Millicom International Cellular
MIC Reaches Three Million Proportional Subscribers
NEW YORK, LONDON and LUXEMBOURG, May 20, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom" or "MIC") (Nasdaq:MICC), the global telecommunications investor, today confirms that at the end of April 2003, its operations in Asia, Africa and Latin America (excluding El Salvador) had exceeded 3 million subscribers on a proportional basis.
Correction: Ahold 2003 First Quarter Sales
ZAANDAM, The Netherlands, May 20, 2003 (PRIMEZONE) -- Ahold (NYSE:AHO), the international food retail and foodservice company, wishes to correct restated unaudited historical sales numbers for 2002 and 2001, as included in its May 16, 2003 trading statement. Ahold apologizes for inadvertently including the incorrect numbers in the prior release.
.com Solutions Inc.
.com Solutions Inc announces FmPro Migration Service -- Migrates FileMaker Pro to MySQL, Oracle, Access, Microsoft SQL Server, Sybase and DB2
FREMONT, Calif., May 20, 2003 (PRIMEZONE) -- .com Solutions Inc. has enhanced its service offerings to include the fixed-price FmPro Migration Service for FileMaker Pro database migrations. Database migration targets include MySQL, Oracle, Access, Microsoft SQL Server, Sybase and DB2. The FmPro Migration Service enables IT Managers to economically migrate valuable data located within FileMaker Pro databases for use throughout their enterprise. Challenging data types such as JPEG images and large text fields are quickly and accurately migrated to corporate database servers by the FmPro Migration Service.
Northrop Grumman Corp.
Northrop Grumman Awarded Gold Medal for On-Time Delivery and Product Quality
EL SEGUNDO, Calif., May 20, 2003 (PRIMEZONE) -- Northrop Grumman Corporation's (NYSE:NOC) Integrated Systems sector has been named winner of a Best Value Gold Medal from the Defense Logistics Agency, Defense Supply Center Richmond (DSCR), for achieving perfect scores in product quality and on-time delivery of parts and assemblies for four aircraft: the F/A-18 Super Hornet, B-2 Spirit stealth bomber, F-5 fighter and T-38 trainer.
Altair Nanotechnologies Inc.
Altair Nanotechnologies Targets Government Grant Programs For Development Revenue
RENO, Nev., May 20, 2003 (PRIMEZONE) -- Altair Nanotechnologies, Inc. (Nasdaq:ALTI) said today that the company is aggressively seeking revenues from government grant programs to support several of its nanotechnology development. To assist the company in obtaining this funding, Altair has engaged DykemaGossett, PLLC, a Michigan and Washington, D.C.-based law firm. The firm was instrumental in obtaining a recent grant of approximately $1 million to develop titanium dioxide nanoparticle sensors for the detection of chemical and biological weapons. Additional funding has been requested for the sensor program which involves Western Michigan University and the University of Nevada, Reno.
FindProfit Publishes Exclusive Retail and Restaurant Stock Outlook
PRINCETON, N.J., May 20, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced today that it has published a new Restaurant and Retail Stock Outlook as part of its Expert Insight series. The Outlook features an interview with noted hedge fund manager and retail stock expert Mr. Roger Lipton of RHL Associates L.P., and looks at the investment prospects for well-known restaurant stocks like Panera Bread (Nasdaq:PNRA) and Krispy Kreme (NYSE:KKD).