latest news releases from the newsroom
Calton, Inc. Announces a Strategic Shift in the Business Strategy of its Wholly Owned Subsidiary, PrivilegeONE Networks, LLC
VERO BEACH, Fla., Nov. 21, 2002 (PRIMEZONE) -- Calton, Inc. (AMEX:CN) announced today that its wholly owned subsidiary, PrivilegeONE(r) Networks, LLC ("the Company"), has made a strategic shift in its core business strategy. Previously, the Company utilized an inside sales force to market its Loyalty Program to automotive dealerships and dealership groups. Now, the Company is utilizing third party distributors to market, sell and install the PrivilegeONE Loyalty Program. The Program, which currently includes co-branded dealer Visa cards and Membership cards, was developed to expand and enhance the individual Dealer's image within its trade area and to increase customer awareness, retention and revenue.
Effnet Expands Effort in 3G Market with InterDigital Contract
STOCKHOLM, Sweden, Nov. 21, 2002 (PRIMEZONE) -- Effnet (Other OTC:EFFNF), a leading provider of Header Compression technology for 3G networks, announced that InterDigital Communications Corporation (Nasdaq:IDCC) has selected Effnet's IPHC (IP Header Compression) product for integration with InterDigital's FDD protocol stack product in order to improve the efficiency of transmitting Internet Protocol (IP) traffic over wireless networks and thereby lower the cost of IP feature services for wireless operators.
Modern Times Group: TV3 Grows Share of Viewing in Estonia
STOCKHOLM, Sweden, Nov. 21, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), the international media group, today announced that TV3 has grown its share of viewing in the national universe from 17.4% in 2001 to a record 23.6% at the end of October this year, consolidating its position as the largest commercial channel in Estonia. Furthermore, commercial share of viewing in the 15-49 year-old target group has continued to show exceptionally impressive growth from 30.7% to 51.5% for the same period.
Pennsylvania Chamber of Business and Industry
PA Chamber Exec Tapped to Run Kansas State Chamber
HARRISBURG, Pa. Nov. 21, 2002 (PRIMEZONE) -- Lew Ebert, of the Pennsylvania Chamber of Business and Industry, has been named President of the Kansas Chamber of Commerce and Industry. Mr. Ebert, President of PCI Services, Inc. is leaving his executive position at the Pennsylvania Chamber after 20 years of dedicated service and will assume his new responsibilities at the beginning of January 2003.
Northrop Grumman Corp.
Northrop Grumman Provides Updated Financial Guidance to Reflect TRW Acquisition and Automotive Sale
LOS ANGELES, Nov. 21, 2002 -- Northrop Grumman Corporation (NYSE:NOC) announced today updated financial guidance with respect to future sales, segment operating margin rates, economic earnings per share and cash from operations in 2003, 2004 and 2005. The updated guidance reflects the proposed acquisition of TRW, Inc. (NYSE:TRW) including the initial issuance of approximately 70 million shares of Northrop Grumman common stock in the transaction, the sale of TRW's automotive business to The Blackstone Group and the effect of Northrop Grumman's discontinued operations.
Pharmexa: Interim Report for the First 9 Months of the Financial Year 2002
HOERSHOLM, Denmark, Nov. 21, 2002 (PRIMEZONE) -- Summary: Pharmexa (Other OTC:PMXAY) made important progress in Q3. Based on positive results from the clinical phase I/II trial soon to be completed, Pharmexa has decided to proceed to clinical phase II with the HER-2 AutoVac(TM)DNA pharmaccine against breast cancer. In the HER-2 AutoVac(TM) Protein programme, the company expects to file an IND application in Q1 2003 to start a clinical phase I/II trial in the United States. Research and development costs were DKK 121.2 million, which was in line with expectations, and the company maintains its financial forecast for the full year.