latest news releases from the newsroom
Millennium Chemicals Announces Proposed Debt Offering and Amendment of Credit Agreement
RED BANK, N.J., April 22, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the commencement of a private offering by its subsidiary, Millennium America, of $75 million additional principal amount of its 9-1/4% Senior Notes due 2008, which are guaranteed by Millennium. Millennium also announced that it has received consent from the requisite lenders to amend the leverage and interest coverage ratio covenants in its credit agreement. The proceeds from the sale of the notes will be used to repay a portion of the outstanding borrowings under the credit facilities. These transactions are intended to increase Millennium's liquidity and provide greater financial flexibility. The sale of the notes is expected to close on April 25, 2003.
Millennium Chemicals Comments on Expected First Quarter 2003 Results
RED BANK, N.J., April 22, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today selected first quarter 2003 expected operating and financial results. These results are based on preliminary estimates and may vary from Millennium's actual results. Similar information is being furnished to prospective purchasers of Millennium America's 9-1/4% Senior Notes due 2008 that are currently being offered in a private placement.
Industri-Matematik Intl. Corp
IMI Order 8.1: New IMI Software Enables Perfect Order Performance in Customer Fulfillment
STOCKHOLM, Sweden, April 22, 2003 (PRIMEZONE) -- Industri-Matematik International Corp. (IMI)(OTCBB:IMIC) today announced availability of IMI Order 8.1, the latest version of its industry-proven Order Management solution that increases flexibility, responsiveness and speed of order processing and customer fulfillment operations throughout the supply chain. The software delivers deeper order management capabilities tied to IMI's objective to help companies achieve the Perfect Order -- the ability to deliver an order to the customer that is complete, accurate, on time and in perfect condition.
Kingdom Ventures Inc.
Christian Web Portal iExalt.com Re-launched by Kingdom Ventures
MINDEN, Nev., April 22, 2003 (PRIMEZONE) -- Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today that iExalt.com -- one of the most visited Christian web portals in the U.S. -- has been completely redesigned and re-launched. Kingdom acquired iExalt, Inc.'s online media properties last month, consisting of over 50 domains including the highly popular iExalt.com, which has received between 250,000 and one million unique visitors per month.
Amersham and Galil Medical Merge Therapy Units to Create Leader in Prostate Cancer Disease Management
BUCKINGHAMSHIRE, U.K., April 22, 2003 (PRIMEZONE) -- Amersham (LSE:AHM) (NYSE:AHM)(OSE:AHM), a world leader in medical diagnostics and in life sciences, and Galil Medical Ltd, an innovator in cryotherapy, announced today the signing of a definitive agreement to merge Amersham Health's brachytherapy business with the urology business of Galil Medical. The new company will have a major global presence in the treatment of prostate cancer, combining the market leadership of Amersham in brachytherapy with the rapidly growing area of cryotherapy, and offering physicians and patients a broad choice of minimally invasive treatment options. The transaction is subject to regulatory approvals and is expected to close by the end of July.
Teleca to Open New Subsidiary in Japan
MALMO, Sweden, April 22, 2003 (PRIMEZONE) -- Teleca has decided to open a new subsidiary in Tokyo, Japan, which will be operational by the second half of 2003. During 2002, Teleca started a local sales campaign in Japan, directed at mobile device customers, and has successfully developed new business with a number of leading companies. The new subsidiary will further strengthen Teleca's Mobile Device business in Asia, which continues to perform very well with strong demand.