latest news releases from the newsroom
Whistler Investments, Inc. (WHIS) set to go to market with newly acquired Lithium Portable Power Paks
LAS VEGAS, March 24, 2004 (PRIMEZONE) -- Whistler Investments, Inc., (OTCBB:WHIS) www.globalelectric.com -- an emerging leader in the development and marketing of Lithium Ion vehicles and Lithium Ion powered products worldwide, is proud to announce that they have entered into an agreement with RV Systems, Inc., affiliated with Lithium House, a developer of advanced lithium battery technology. Under the agreement, Whistler acquired the worldwide development, manufacturing and marketing rights for Lithium Portable Power Paks.
Oakley Reiterates 2004 Sales and Earnings Guidance
FOOTHILL RANCH, Calif., March 24, 2004 (PRIMEZONE) -- Oakley, Inc. (NYSE:OO) today, in connection with its presentation at the Merrill Lynch Retailing Leaders and Household Products & Cosmetics Conference, reiterated its 2004 sales and earnings guidance provided earlier this year. The company expects full year sales growth of approximately 10 percent, to approximately $574.0 million, with earnings expected to grow approximately 15 percent to $0.64 per diluted share including, a one cent gain from a slightly lower, 34 percent, tax rate. In 2003, the company reported then-record net sales of $521.5 million and earnings of $0.56 per diluted share.
Prudential PLC Scrip Dividend
LONDON, March 24, 2004 (PRIMEZONE) -- Prudential plc announces that the reference price for the fully paid extra shares to be issued to shareholders who elect to receive the scrip dividend alternative for the 2003 final dividend is 448.40 pence per share.
Autoliv Invests in Six Crash-Test Sleds in Asia
STOCKHOLM, Sweden, March 24, 2004 (PRIMEZONE) -- The sleds will have the capacity to perform a variety of crash tests ranging from individual seat belt tests to full car body tests that simulate crashes with complete cars at speeds up to 65 km/h (40 mph). The investment is driven by Autoliv's commitment to increase the levels of product development capability for vehicle safety systems throughout the region. Vehicle production in these five countries has grown by 65% during the last three years and is expected to grow another 35% to 12 million vehicles by 2006.
ForeningsSparbanken rewards its employees
STOCKHOLM, Sweden, March 24, 2004 (PRIMEZONE) -- ForeningsSparbanken's board of directors has announced that the bank's employees will each receive a bonus of SEK 10,000. In 2003 ForeningsSparbanken was the most profitable major bank in the Nordic region and the only bank, aside from Sweden's independent savings banks and ForeningsSparbanken's partly owned banks, to improve customer satisfaction, according to the Swedish Quality Index.
Trelleborg divests Trenor holding to Nordic Capital
STOCKHOLM, Sweden, March 24, 2004 (PRIMEZONE) -- The Trelleborg Group has entered into an agreement to sell its 49-percent holding in the Trenor Group to Nordic Capital Funds IV and V. As a consequence, the Trenor Group will be 100-percent controlled by Nordic Capital. The purchase price for Trelleborg's holding amounts to SEK 1,100 M. For a debt-free company, this corresponds to an EBITA multiple of approximately nine times earnings in 2003.