latest news releases from the newsroom
TransWorld Benefits International Inc.
TransWorld Benefits Reaches 1000 Airplane Worldwide Milestone
IRVINE, Calif., Dec. 13, 2002 (PRIMEZONE) -- TransWorld Benefits International, Inc., the new name for Thinka Weight-Loss Corporation (OTCBB:TWLO), has totally redefined the concept of worldwide air ambulance, medical evacuation and at-need private executive aircraft retrieval of the deceased. TransWorld now has under contract over 1,000 airplanes of all types, which are ready at short notice to respond to disasters, illness, political upheaval, or death while traveling. TransWorld's unique program, "Above and Beyond," is targeted at the top corporate strata, the travel industry, physicians, insurance agents and brokers, funeral directors, and travelers throughout the world. "In these uncertain times," said Charles C. Seven, TransWorld's Chairman and CEO, "it's a great comfort to travelers to know that help, including complex emergency repatriation, is only a phone call away." In addition to travelers' sickness/accident benefits, plans include worldwide pre-qualified physician and hospital referrals, legal referrals, emergency translation services, and arrangements for emergency shipments of lost prescription medications and eyeglasses. Above and Beyond retrieval services are fully backed with a performance guarantee secured through an "A" rated Reinsurance company.
TrustLink Joins Symbian's Platinum Partner Program
STOCKHOLM, Sweden, December 13, 2002 (PRIMEZONE) -- TrustLink, a recognized leader in mobile technology and business applications, today announced that it had joined Symbian's Platinum Partner Program as a step to further strengthen TrustLink's position as a leading vendor of mobile business applications for field service and sales force automation.
Medivir and Paradigm Enter Alliance
HUDDINGE, Sweden, Dec. 13, 2002 (PRIMEZONE) -- Medivir and Paradigm Therapeutics Ltd (Cambridge, U.K.) have entered a broad-based, 3-year research collaboration to identify novel protease drug targets and discover protease inhibitor drugs.
Intentia to Appeal Tax Commission's Decision
STOCKHOLM, Sweden, December 13, 2002 (PRIMEZONE) -- Tax authorities have denied Intentia International AB (publ.) (Other OTC:IAINF) a SEK 372 million deduction for losses incurred as a result of liquidation of one of its subsidiaries during fiscal year 2001. Intentia will file an appeal at the county administrative court. Intentia is confident that the claim fordeduction will be upheld by the higher court and that the company will not be required to write off deferred tax assets in the amount of SEK 104 million. The decision affects neither earnings nor cash flow for fiscal year 2002.
UTi Worldwide Announces Pricing of Five Million Shares in Follow-On Public Offering
RANCHO DOMINGUEZ, Calif., Dec. 13, 2002 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced the pricing of a follow-on public offering of 5,000,000 of its ordinary shares at $23.00 per share before underwriting discounts and commissions. UTi is newly issuing 4,000,000 ordinary shares, and an existing shareholder of the company is selling 1,000,000 previously issued and outstanding ordinary shares. The net proceeds of the offering to UTi are intended to be used to repay indebtedness and for general corporate purposes.