latest news releases from the newsroom
FindProfit: Small Cap Semiconductor Stocks Poised to Gain
PRINCETON, N.J., March 4, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), a leading investment advisory service that delivered a +73% audited return in the year ended July 2002, has announced the publication of its new Semiconductor Sector Outlook as part of its Expert Insight series. The Outlook features an interview with semiconductor expert Mr. Paul McWilliams of the PMCW Report, and looks at the near and medium term investment prospects for semiconductor stocks like Intersil (Nasdaq:ISIL) and Nvidia (Nasdaq:NVDA).
Petroleum Geo-Services ASA
Petroleum Geo-Services ASA: Extended Contract for PGS FPSO Petrojarl I on the Glitne Field
OLSO, Norway, Mar. 4, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS") (Other OTC:PGOGY) (OSE:PGS) announced today that Statoil (NYSE:STO), acting as operator for the Glitne license (PL 048B and PL 029B) has confirmed their plans to drill at least one new production well in the Glitne field in 2003. As a result, PGS expects that its Petrojarl I FPSO will remain on contract with the Glitne license well into 2005.In the context of this decision, certain modifications to the production contract with the Glitne license has been agreed. PGS estimates that these changes will result in an increase in revenues of approximately $80 million from January 1, 2003 forward.
Gambro to Focus Development of Dialysis Monitors
STOCKHOLM, Sweden, March 4, 2003 (PRIMEZONE) -- Gambro AB (Stockholmsborsen: GAMBaST, GAMBbST), a leading international medical technology and healthcare company, today announced to focus and strengthen development of monitors within the Renal Products business. Development responsibility and resources for hemodialysis monitors will be focused to existing development units in Medolla, Italy. This involves a shift from Lund, Sweden. Similarily monitor development responsibility and resources for renal intensive care will be transferred to Lund, Sweden from Medolla, Italy. The development units in Lund/Malmo, Sweden will have a continued responsibility for machines (cyclers) in the peritoneal dialysis area as well as for water treatment systems.
Arete Industries, Inc.
Arete Industries Signs Letter of Intent to Purchase an Interest in Tri-State Transfer Industries, LLC
NIWOT, Colo., March 4, 2003 (PRIMEZONE) -- Arete Industries, Inc. (OTCBB:ARET), a publicly traded business development company, announced today that it signed a non-binding letter of intent to purchase a 5% non-managing membership interest in Tri-State Transfer Industries, LLC, of Stratford, Connecticut. Tri-State is a development stage company in the business of owning and operating municipal solid waste ("MSW") transfer facilities and bulky waste construction and demolition ("C&D") recycling facilities, in the eastern United States. It is presently involved in developing its first such facility in Grosvenor-Dale, Connecticut, to serve communities in Connecticut, Massachusetts and Rhode Island.
Reality Wireless Networks Inc.
Reality Networks Announces Phase Two of its Deployment Strategy -- 'Reality in a Box'
CAMPBELL, Calif., March 4, 2003 (PRIMEZONE) -- Reality Networks (OTCBB:RWNT), a fixed wireless services provider, made public today its plans to begin phase two of its network deployment schedule. The Company believes that the demand and adoption for wireless broadband on the 80211 standards (fixed wireless broadband) continues to exceed industry analysts growth projections. The Company originally deployed its test networks in communities in California's storied Silicon Valley where access to broadband services was either expensive, unavailable, or both. Through the use of its proprietary network deployment model, "Reality in a Box," the company has targeted 10 communities with similar demographics as its beta communities and intends to provide its fixed wireless services to businesses and households in these communities. "The challenge was not only to address the needs of our targeted broadband Internet customers, but to provide these services at a premium quality, true broadband level through a viable business model. We have done that," said CEO Dennis Spina.
Telelogic Signs Long-term License Agreement with GCHQ
MALMO, Sweden, March 4, 2003 (PRIMEZONE) -- Telelogic (Stockholm:TLOG) (Other OTC:TGIAF), the leading global provider of solutions for advanced software and systems development, today announced that it has signed a license agreement with GCHQ (Government Communications Headquarters), the U.K. Government's intelligence and security organization. GCHQ is a large Civil Service Department that reports to the Foreign Secretary and works closely with the U.K.'s intelligence agencies and serves a wide range of other Government Departments. Over the last 2 years it has embarked on a large-scale business improvement initiative to formulate a standard requirements management process to support and improve its core business activities. The agreement worth EUR1.1 million over a six-year period will give 600 systems and software engineers access to DOORS(R) and DocExpress(R) for requirements management and documentation generation across all its main programs.
Carmina Technologies Launches PestAssur Solution for Pest Management Industry
CALGARY, Alberta, Canada, March 4, 2003 (PRIMEZONE) -- Carmina Technologies Inc. (OTCBB:CARL) has launched PestAssur(tm), a performance monitoring solution for the pest management industry. PestAssur(tm) is the first in a family of monitoring solutions that brings an easy-to-use, established technology to industries and processes that still rely largely on manual data collection and management.
SelectQuote Advises Consumers: 10 Things Everyone Should Know About Life Insurance
SAN FRANCISCO, March 4, 2003 (PRIMEZONE) -- Life insurance is something most people would rather not think about. They often don't know how much they need, and there are so many different types and companies to choose from. To address these concerns, SelectQuote(tm) Insurance Services, the nation's largest independent term life insurance sales agency, offers some basic information about life insurance in today's market.