latest news releases from the newsroom
Millicom International Cellular
Millicom International Cellular S.A.: Extension of Exchange Offer and Consent Solicitation
NEW YORK, LONDON AND LUXEMBOURG, March 14, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC), the global telecommunications investor, today announces that it is extending the private exchange offer and consent solicitation to holders of 13-1/2 percent Senior Subordinated Discount Notes due 2006, or the "Old Notes", who aren't U.S. persons, or who are U.S. persons that are either "qualified institutional buyers" or "institutional accredited investors" (as each of those terms are defined under the Securities Act of 1933, as amended) and who can make the representations to exchange, upon the terms and subject to the conditions set forth in the private offering documents, until 5:00 p.m. New York City time on March 21, 2003, unless further extended by Millicom.
Advanced Communications Technologies, Inc.
Advanced Communications Technologies, Inc. Announces Special Meeting of the Shareholders Next Month
NEW YORK, March 14, 2003 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC) ("ACT" or the "Company") today announced that on Friday, April 11, 2003, the Company will hold a special meeting of the shareholders (the "Special Meeting") at the office of Kirkpatrick & Lockhart, LLP, 599 Lexington Avenue, New York, NY 10022, commencing at 10:00 in the morning eastern time, to approve an amendment to the Company's Articles of Incorporation. A proxy statement was filed with the Securities and Exchange Commission yesterday.
Smedvig Secures new Drilling Contract for West Alpha
STAVANGER, Norway, March 14, 2003 (PRIMEZONE) -- Smedvig (NYSE:SMVa) (NYSE:SMVb): A letter of intent has been awarded to Smedvig by Statoil for the assignment of the fourth generation drilling rig West Alpha. The contract includes drilling of two water injection wells at the Heidrun field in the Norwegian Sea, with an option for additional 30 days. The estimated contract value for the firm part of the contract is approximately U.S. $15 million. The drilling period is estimated to approximately five-months. Start-up of operations is scheduled for the second part of June, after completion of the assignment for Pertra. West Alpha is currently drilling for Britannia at the U.K. continental shelf.
Kinnevik files to Deregister American Depositary Shares
STOCKHOLM, Sweden, March 14, 2003 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB) today announced that it has filed a certification and notice of termination with the U.S. Securities and Exchange Commission for the voluntary deregistration of the Company's American Depositary Shares under the Securities Exchange Act of 1934, as amended. In connection with the deregistration of the ADSs, the Company intends to request the delisting of Kinnevik's series A and series B ADSs from the NASDAQ National Market. These actions will not affect the continuing listing of Kinnevik's series A and series B shares on the Stockholm Stock Exchange.
International Broadcasting Corporation
International Broadcasting Corporation Announces New Sponsor for 'Stock Talk LIVE' Radio Show -- The Blue Moon Group, Inc.
SANTA MARIA, Calif., March 14, 2003 (PRIMEZONE) --International Broadcasting Corporation (OTCBB:IBCS) announced today that it has signed on a new sponsor for its radio talk show "Stock Talk LIVE." The Blue Moon Group, Inc. (OTCBB:BMOO) is the latest sponsor for the show. "Stock Talk LIVE" (http://www.ibcradio.com/) is believed to be the very first LIVE radio talk show focused exclusively on micro-cap stocks "on the air" each and every stock market day from opening bell to the close and beyond. Interactivity, interesting guests, and significant short-term trading opportunities are featured in each and every edition of "Stock Talk LIVE." LIVE interviews, commercials, and news updates about The Blue Moon Group will air on "Stock Talk LIVE." News releases from BMOO will also appear at the IBC News Network website (http://www.ibcnn.com/).
Naki Gears Up to Embark on Ten Month National Mall Tour
BALDWIN PARK, Calif., March 14, 2003 (PRIMEZONE) -- Naki, videogame accessories developer, announces their title sponsorship and exhibition in the 4th Annual 2003 "It's Kids Time!" national mall tour, handled by Sports Profiles Plus(tm), a Chicago-based firm that specializes in sports and kids marketing. The tour launches on March 16th in Denver, Colorado and ends in Washington D.C. on December 7th, stopping at the top 39 malls in 21 markets.
Medivir's Research Partner, Peptimmune, Attracts US $41.2m From Investors
HUDDINGE, Sweden, March 14, 2003 (PRIMEZONE) -- Medivir (Stockholm:MVIRb):today announced the American biotech corporation, Peptimmune, has recently obtained US $41.2 million from American investors. As a consequence, Medivir's cathepsin s inhibitor project, partnered with Peptimmune, will benefit and will continue to be pursued aggressively towards the clinical phases of pharmaceutical development.