latest news releases from the newsroom
NetSol Technologies Inc.
NetSol Technologies, Inc. Expands Board Of Directors; Managing Director of UK-Based DCD Holdings Ltd. Joins NetSol Board
CALABASAS, Calif., April 30, 2003 (PRIMEZONE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a developer of proprietary software applications, today announced that Shabir A. Randeree, Managing Director of the DCD Holdings Ltd., has accepted an invitation to join NetSol Technologies' Board of Directors. DCD Holdings signed a $2.0 million investment agreement with NetSol in February 2003 and is one of NetSol's largest Investors. A subsidiary of DCD Holdings, DCD Trade Services Ltd. has recently provided a $1 million revolving line of credit to support and launch new customer projects requiring initial investment. DCD Holdings has worldwide representation and manages investments of approximately $650 million.
Old Mutual plc
Old Mutual plc: Appointment of Strategy Director
LONDON, April 30, 2003 (PRIMEZONE) -- Old Mutual plc (Other OTC:ODMTF) (LSE:OML): is pleased to announce that Bob Head has joined the Group as Strategy Director. He reports directly to Jim Sutcliffe, Group Chief Executive and his brief includes Group Corporate Development and Business Planning.
Sciax Technology, Inc.
Sciax to Co-Sponsor the 10th Annual South Eastern SWAT Conference
TORONTO, April 30, 2003 (PRIMEZONE) -- Sciax (OTCBB:UGMI) representatives will be on hand to discuss Sciax's innovative camera technology, SeCam at the 10th annual South Eastern SWAT Conference to be held May 14th-18th at the Spartanburg County Detention Facility in Spartanburg South Carolina. The event will be seen on ESPN II, where it will be known as the National SWAT Challenge.
MTG: New SEK 800 Million Revolving Credit Facility
STOCKHOLM, Sweden, April 30, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Stockholm:MTGA) (Nasdaq:MTGNY) (Other OTC:MTGNF), the international media group, today announced the signing of a new SEK 800 million revolving multi-currency credit facility in addition to the groups existing bank facilities. The facility matures on 31 December 2007.
Tele2 Launches 3G Network in Luxembourg
STOCKHOLM, Sweden, April 30, 2003 (PRIMEZONE) -- Tele2 AB (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholmsborsen:TEL2A) (Stockholmsborsen:TEL2B)("Tele2", "the Group"), the leading alternative pan-European telecommunications company, today announced that Tele2's mobile operator in Luxembourg, Tango, has launched its 3G (UMTS) network. Tango is the largest mobile provider in Luxembourg and Tele2 was awarded a UMTS license in Luxembourg in May 2002.