latest news releases from the newsroom
Haldex is planning a CEO change
STOCKHOLM, Sweden, Nov. 12, 2004 (PRIMEZONE) -- After many years at the helm of the group and with retirement age approaching, CEO Claes Warnander and the Haldex board have agreed to make a CEO change.
Crucell Signs Agreement with IAVI to Develop AdVac(R) Vector for AIDS Vaccine Program
LEIDEN, The Netherlands, Nov. 12, 2004 (PRIMEZONE) -- Dutch biotechnology company Crucell N.V. (Euronext:CRXL) (Nasdaq:CRXL) and the International AIDS Vaccine Initiative (IAVI) announced today that they have signed an agreement whereby Crucell will develop AdVac(R) vectors for use in IAVI's AIDS vaccine development program. Financial details were not disclosed.Earlier this year Crucell and IAVI entered into an exclusive license agreement to develop an AIDS vaccine based on Crucell's AdVac(R) technology.
AB Volvo announces share repurchase
GOTEBORG, Sweden, Nov. 12, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Thursday, November 11, acquired 375,000 series B shares. The shares were traded between SEK 277.50 and 279.50 with an average price of SEK 278.73.
Sempra Energy Announces Three Executive Appointments
SAN DIEGO, Nov. 11, 2004 (PRIMEZONE) -- As part of its ongoing management succession plan, Sempra Energy (NYSE:SRE) today announced three key executive appointments. Randall Peterson has been named chief compliance officer, a new position created to oversee the company's business conduct and legal compliance programs; Matt Burkhart has been named vice president of audit services, supervising the internal audit practices of Sempra Energy and its subsidiaries; and Michael Allman has been named chief financial officer of Sempra Energy Global Enterprises, the umbrella organization for Sempra Energy's businesses operating in competitive energy and commodity markets.
DCI USA, Inc.
Direct Capital Investments Acquires Control of Gavella Corp.
BROOKLYN, N.Y., Nov. 11, 2004 (PRIMEZONE) -- Gavella Corporation (OTCBB:GVLA) announced today that on November 9, 2004, it signed an agreement with Direct Capital Investments, Ltd. ("DCI") pursuant to which DCI purchased 90% of the issued share capital of Gavella. DCI is an Israeli company traded on the Tel Aviv Stock Exchange. The purchase price for the shares was $900,000, consisting of an assignment of a promissory note originally made payable to DCI from a New York limited liability company in the principal amount of $770,000 and $130,000. At the closing, $50,000 was paid in cash and the balance is due by Gavella on or before November 30, 2004, to Bartram Holdings, Inc., a 20% subsidiary of Gavella.
Sports Pouch Beverage Co., Inc.
SPBV Receives U.S. Army Request for Proposal for Pouched, Sterile Drinking Water
CORONA, Calif., Nov. 11, 2004 (PRIMEZONE) -- Sports Pouch Beverage Company Inc. (Pink Sheets:SPBV) is pleased to announce that it has received a Request for Proposal (RFP) from the U.S. Armed Forces, Defense Supply Center in Philadelphia, PA. Sports Pouch Beverage Co., Inc. in conjunction with its strategic partner, Source Diversified, Inc., is bidding on the U.S. Armed Forces emergency rations for pouched, sterile drinking water.