latest news releases from the newsroom
Cinnabon Signs Licensing Agreement with Sun-Maid Raisin Bread
ATLANTA, Dec. 3, 2002 (PRIMEZONE) - Cinnabon(R), Inc., a subsidiary of AFC Enterprises, Inc. (Nasdaq:AFCE), announced it has signed an agreement with Sun-Maid(R) Growers of California to license Cinnabon Cinnamon Bread for manufacture and sale in the grocery channel. Terms of the agreement were not disclosed.
Former SAP Chief Operating Officer Eric Rubino Joins Neoware as COO
KING OF PRUSSIA, Pa., Dec. 3, 2002 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of award-winning software, services, and solutions for the Appliance Computing market, today announced that Eric Rubino, former Chief Operating Officer for SAP America, has agreed to join the Company as Chief Operating Officer, reporting to Michael Kantrowitz, the Company's Chairman, President, and CEO.
VentureNet Capital Group, Inc.
VentureNet Capital Group, Inc. and Time Limit Capital, LLC Sign Million Dollar Financing Agreement
TEMECULA, Calif., Dec. 3, 2002 (PRIMEZONE) -- VentureNet Capital Group, Inc. (Pink Sheets:VNTN) today announced a signing of term sheet with Time Limit Capital, LLC, a Pennsylvania investment firm, for up to one million dollars to be used as working capital.
ManageSource Research, RIA
ManageSource Research Initiates Coverage of First American Scientific Corp. with a Speculative Buy Rating and Twelve-Month Price Target of $ 0.25 - $0.40
LOS ANGELES, Dec. 3, 2002 (PRIMEZONE) -- ManageSource Research announced today that it has initiated coverage of First American Scientific Corp. (OTCBB:FASC) with a Speculative Buy rating and a twelve-month target of $0.25 - $0.40, based on Discounted Forward Earnings Analysis. The Company is effectively in its final stages of development and product rollout is expected to be strong. The Company has aligned with high quality partners and provides a product that ManageSource feels has tremendous global potential in numerous markets ranging from forestry and agriculture, to utilities, waste and recycling. ManageSource feels the Company's recent sale of three KDS units to Vancouver Island Recycling Centres, Ltd. as reinforcement of the company's potential for strong sales and continued growth.
No Auditors' Criticism of Drott
STOCKHOLM, Sweden, Dec. 3, 2002 (PRIMEZONE) -- On behalf of the Annual General Meeting, Drott's (Stockholm:DROTa) auditors frequently review the company's finances and property management operations. This year their review has included the company's residential leasing policy, its adherence to that policy, leasing to employees and property sales to employees. The auditors' review is normally reported to the Board of Directors prior to the preparation of the year-end financial statements. Due to media reports, however, the Board of Directors wishes to immediately announce the results of the review of the above-mentioned issues.
Drott: Property Sale to Condominium Association
STOCKHOLM, Sweden, Dec. 3, 2002 (PRIMEZONE) -- Drott (Stockholm:DROTa) has sold a residential property in the Norrmalm section of Stockholm for SEK 72 million, or SEK 18,700 per square meter. The price, which is 24 percent higher than the property's market value as of December 31, 2001, corresponds to a direct yield of 4.3 percent.