latest news releases from the newsroom
SAS Will Complain on the Competitions Authority's Decision to Ban the Use of the Frequent Flyer Programme on Norwegian Domestic Routes
STOCKHOLM, Sweden, March 18, 2002 (PRIMEZONE) -- SAS will lodge a complaint to the Minister of Labour and Government Administration as a result of today being informed that the Competition Authority has resolved to intervene against SAS EuroBonus programme and Braathens Wings programme. The decision states that SAS, Braathens and Wideroe are prohibited from offering its passengers the earning of frequent flyer points on Norwegian domestic flights from 1 May 2002 to 1 May 2007. SAS will request to be exempt from carrying out the changes whilst the complaint is dealt with by the Ministry. SAS will also request that the Ministry await the decision from the Nordic and European co-operation between the Competition Authorities, which has been implemented or is planned to be implemented in relation to these issues.
Koala Announces Letter of Intent to Acquire Route1 Corporation
TORONTO, March 18, 2002 (PRIMEZONE) -- Koala International Wireless, Inc. (OTCBB:KIWI), a leader in the development of web-based, wireless network applications, announced today that it has entered into a letter of intent to acquire 100% of the assets of Route1 (tm) Corporation in exchange for common stock issued by Koala. The transaction is subject to a number of terms and conditions including the completion of mutual due diligence and approval by a majority of Route1's shareholders.
SKF Acquires the Bulgarian Bearing Company VMZ
GOTEBORG, Sweden, March 18, 2002 (PRIMEZONE) -- SKF has acquired the bearing business of VMZ, from the Bulgarian State. The VMZ bearing operations comprise four factories in Bulgaria, at Sopot, Kalofer, Karnare and Bogdan, with Head Office in Sopot, 120 km. east of Sofia.
Novasoft AG Beats the Crisis; Revenues of EUR 68.7 Million were Generated in the Past Fiscal Year
HEIDELBERG, Germany, March 18, 2002 (PRIMEZONE) -- Novasoft AG (security identification no. 677 890, Neuer Markt), is publishing the figures for the 2001 fiscal year at the press and analyst conference that is being held in Hanover today: revenues of EUR 68.7 million were generated in the past fiscal year (previous year: EUR 50.1 million). EBIT amounted to EUR 9.2 million (previous year: EUR 7.6 million) and EBITDA EUR 11.2 million (previous year: EUR 9.1 million). The net income per share by the DVFA/SG method was EUR 0.22 following EUR 0.20 in the previous year.
Pointsec Mobile Technologies Enters Into Agreement With Electrolux AB
STOCKHOLM, Sweden, March 18, 2002 (PRIMEZONE) -- The IT security company Protect Data's subsidiary company Pointsec Mobile Technologies has entered into an agreement with Electrolux regarding the security application Pointsec(r). Electrolux intends to protect the Group's portable computers as well as a number of critical desktop computers with Pointsec(r).