latest news releases from the newsroom
Scania in New Deal in the Gulf; 120 City Buses to Dubai
SODERTALJE, Sweden, Aug. 27, 2002 (PRIMEZONE) -- Scania's distributor in Dubai in the United Arab Emirates, Al Shirawi Enterprises (L.L.C.), has sold a further 120 city buses to Dubai Municipality. The new order follows last summer's delivery of 119 buses.
Song Networks Holding
Fritidsresegruppen Buys Communication Solution from Song Networks
STOCKHOLM, Sweden, Aug. 27, 2002 (PRIMEZONE) -- Song Networks AB, the Swedish subsidiary of Song Networks Holding AB (Nasdaq:SONW) (Stockholmsborsen:SONW) has been entrusted with supplying data capacity to Fritidsresegruppen's head offices, shops and offices at airports in the Nordic countries. The contract runs for 3 years and its value for Song Networks is around SEK 7 million. Fritidsresegruppen is migrating to Song Network's communication solution, and in Song Network's IP/VPN service (a network in Song Network's own backbone and access network) it is acquiring a fixed connection between around 45 locations in the Nordic countries. The complete undertaking of the solution means that in addition to more capacity and availability Fritidsresegruppen is getting a high level of security in its data communication.
Ahold Set to Acquire Five Hypermarkets in Poland
ZAANDAM, The Netherlands, Aug. 27, 2002 (PRIMEZONE) -- Koninklijke Ahold N.V. ("Ahold") (NYSE:AHO), the international food retailer and foodservice operator, today announced its wholly-owned Polish subsidiary Ahold Polska Sp.z o.o. ("Ahold Polska") has reached agreement in principle to acquire five hypermarkets from Jeronimo Martins Sp.z o.o. A transaction sum of approximately Euro 20 million is involved. The transaction is subject to regulatory approval and is expected to be finalized in the 4th quarter of 2002.
Snowfield Development Corp
Snowfield to Acquire 80% Interest in the Hurcomb Claim
VANCOUVER, British Columbia, Aug. 26, 2002 (PRIMEZONE) -- Snowfield Development Corp. (Snowfield) (TSX Venture Exchange:SNO) is pleased to announce that it has entered into a Letter of Intent Agreement with Ms. Fran Hurcomb (Hurcomb) whereby Snowfield can earn an 80% interest in the Hurcomb Mineral Claim, Claim Tag # F16594, located 10 km southeast of the Drybones Bay diamondiferous kimberlite pipe. The Hurcomb claim covers an area of 2,582.5 acres and the entire claim has been flown with an airborne magnetometer survey at 100-metre line spacing. This survey has identified 15 discrete geophysical bull's eye targets, one of which is comparable to the geophysical signature obtained over the Drybones Bay kimberlite pipe. It is Snowfield's intention to immediately re-fly the Hurcomb area using an airborne electromagnetic system.
Hoenig Group Inc. Shareholders Approve Merger With Investment Technology Group, Inc.
RYE BROOK, N.Y., Aug. 26, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) and Investment Technology Group, Inc. (NYSE:ITG) announced that Hoenig Group shareholders voted to approve the agreement and plan of merger with ITG at today's special meeting of shareholders, with 75.3% of shares voting. The results of the vote were as follows: 6,034,464 shares in favor and 1,300 shares against, with 600 shares abstaining. The merger is expected to be completed on or about September 3, 2002, subject to the satisfaction of customary closing conditions.
Frontline Ltd. Dividend
HAMILTON, Bermuda, Aug. 26, 2002 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) today announced that in reference to the second quarter results, published Friday 23rd August, 2002. To comply with New York Stock Exchange's regulations and requirements we herewith confirm that the dividend for second quarter 2002 is nil.