latest news releases from the newsroom
Skandia announces sale of Japanese operations
STOCKHOLM, Sweden, Dec. 24, 2003 (PRIMEZONE) -- Skandia announced today that it has reached a definitive agreement with Millea Holdings, under which The Tokio Marine & Fire Insurance Co. Ltd. will acquire 100 per cent of the shares of Skandia Japan. The transaction, valued at 20 billion YEN (approximately 1.4 billion SEK), is subject to Japanese regulatory approval and will further improve Skandia's liquidity position. In comparison with Skandia's report as per 30 September 2003, the transaction will have a positive impact on shareholders' equity of approximately 0.8 billion SEK, net of expenses and before provision for taxes. The impact on net asset value will be positive by approximately 0.5 billion SEK.
The Dutchman's Lost Gold Mine -- New book offers history, legend of gold in Arizona mountains
FLORENCE, Ariz., December 22, 2003 (PRIMEZONE) -- The legend of the site of a German man's lost gold mine is famous in Arizona, as are the legends of the Superstitions, mountains east of Phoenix. In his book, The Legend of the Lost Dutchman's Gold Mine (now available through 1stBooks), author Charles H. Huckabay presents a history of the area, the riveting story of the lost mine and his personal thoughts on the land and mountains.
The Ensemble Theatre
Ensemble Theatre Retires Capital Campaign Debt
HOUSTON, Dec. 23, 2003 (PRIMEZONE) -- The Ensemble Theatre is pleased to announce that it has been awarded $250,000 from the Houston Endowment Inc. Of the total grant, $200,000 is for debt retirement and $50,000 will be allocated for capital improvements. Since 1991, Houston Endowment Inc. has granted a total of $1,220,500 to The Ensemble, including an annual operating grant as well as major support for the theatre's capital campaign. Of the $250,000, Houston Endowment designated $50,000 to paint the interior and exterior of the building and install new carpet throughout the building just in time for the Super Bowl XXXVIII festivities in February. "The board and staff of Houston Endowment are pleased to be able to support the mission of The Ensemble Theatre and contribute to many bright future seasons," remarked HEI president H. Joe Nelson, III.
NEON Communications Group, Inc.
Globix Reports Financial Results for the Fourth Quarter and Fiscal Year 2003
NEW YORK, Dec. 23, 2003 (PRIMEZONE) -- Globix Corporation (OTCBB:GBXX) today reported financial results for the fourth quarter and fiscal year 2003, which ended September 30, 2003. The company also announced that it had repurchased $19.0 million of its outstanding 11% Senior Notes during the fiscal year 2003. In October of 2004 or the first quarter of fiscal year 2004 the company purchased an additional $7.0 million of its 11% Senior Notes.
Ness Energy International, Inc.
Ness Energy: Israel Analysis, Texas and Wall Street Reports, Pending Acquisitions and Agreements
WILLOW PARK, Texas and NETANYA, Israel, Dec. 23, 2003 (PRIMEZONE) -- Ness Energy International, Inc. (OTCBB:NESS) announced today it has undertaken an analysis of Israeli sources as part of a plan to pinpoint and locate future Israeli projects. Ness counsel is preparing agreements regarding the negotiated arrangements that have been ongoing with Wall Street financiers and brokerage firms, and are now focused on completion of a comprehensive release regarding progress in Texas and Israel and the vehicle that will take us there. This update will be released before year end. Ness is committed to "realizing" our vision, to bless and enrich Israel, the Christian communities and those shareholders and other supporters of Ness who believe with us as we boldly go forward to accomplish the work at hand.
Bull & Lifshitz, LLP
Bull & Lifshitz, LLP Announces Class Action Against Career Education Corporation
NEW YORK, Dec. 23, 2003 (PRIMEZONE) -- Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Career Education Corporation ("Career Education" or the "Company") (Nasdaq:CECO) common stock during the period between January 28, 2003 and December 2, 2003, inclusive (the "Class Period").