latest news releases from the newsroom
Song Networks Holding
Song Networks Holding AB Announces Fourth Quarter and Fiscal Year 2001 Results (with link)
STOCKHOLM, Sweden, Feb. 14, 2002 (PRIMEZONE) -- Song Networks (Nasdaq:SONW) Revenues in the Fourth Quarter 2001 were up 72% compared to the Fourth Quarter 2000. For Fiscal Year 2001, the Company's Revenues increased 107% compared to the Fiscal Year 2000. The Fourth Quarter Revenues 2001 decreased 1% compared to the Third Quarter 2001 due to a Conscious Decision of the Company to move out of Non-Core, Low Margin Business. The Company added 1,183 Directly Connected Sites during the Quarter for a total of 10,498. At the end of the Quarter the Number of Corporate Customers was 20,728, 5,605 of which were Directly Connected. Planned Network Build-Out was completed more than a Year ahead of Schedule. The Company continued to make Strong Progress in its Core Business - Direct Revenues and Data. Direct Revenues increased to 46% of Total Revenues in the Fourth Quarter compared with 42% in the Third Quarter. Revenues from Data and Internet increased to 35% of Total Revenues in the Fourth Quarter compared with 32% the Previous Quarter. Fiber Revenue increased 29% during the Quarter, and DSL Revenue increased 12% from the Third Quarter to the Fourth Quarter.
FirstBingo.com Signs Deal with CANOE.CA
TORONTO, Feb. 14, 2002 (PRIMEZONE) -- FirstBingo.com (OTCBB:FBGO) is pleased to announce that it has entered into an agreement with CANOE.CA a wholly owned subsidiary of Netgraphe Inc., a Quebecor company. Pursuant to the terms of this agreement, as of February 18, 2002, CANOE.CA will promote FirstBingo's TriviaBingo game utilizing a variety of advertising mediums, including exposure on the CANOE.CA Website and a promotional campaign presented in the Sun Media Corporation newspapers. This initial marketing campaign is scheduled for a six-week period.
Stockjock.com Releases New Special Report on 'Stocks to Watch' for 2002
NIPOMO, Calif., Feb. 14, 2002 (PRIMEZONE) -- Stockjock.com, http://www.stockjock.com, an independent investment advisory, comprised of Charter Financial Analysts specializing in providing unbiased research to online investors, has released its "Stocks to Watch for 2002." "To beat the market averages and make money this year a good deal of flexibility will be essential. We see the major market averages at plus or minus 10%, and unable to gain any significant moment as the economy and corporate earnings slowly work their way back by year-end. Our top picks for this year have this type of flexibility in mind. We have focused on 10 stocks that we believe will thrive across a broad range of styles, including growth, value, or international and even short-sale ideas. To beat the averages this year, we have selected growth stocks that have outstanding earnings visibility and dominate market positions, value stocks that feature top management that is highly disciplined, and short ideas where heavy debt loads and technological obsolesce could be too onerous. Flexibility and style diversification will be key in 2002," stated Robert Maltbie CFA, and CEO of Stockjock.com. (http://www.stockjock.com)
Flamemaster Reports Net Earnings Rise by 14.2% on Revenue Gain of More Than 32% for the 1st Quarter Ended December 31, 2001
SUN VALLEY, Calif., Feb. 14, 2002 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) today reported net income of $125,439, or $.09 per share, an increase of 14.2%, on revenues of $1,259,833 for the 1st quarter compared to net of $109,854 or $.07 per share on revenues of $951,643 in the year earlier period. The gain in revenues is attributable to an increase in requirements of the U.S. Military and defense contractors for the Company's high-performance aircraft sealants.
Mazzalupi Comments on Atlas Copco's Q4 Results
STOCKHOLM, Sweden, Feb. 14, 2002 (PRIMEZONE) -- "2001 was a good year for Atlas Copco, especially considering the business conditions, and we generated record cash flow and earnings per share," says Giulio Mazzalupi, President and CEO of the Atlas Copco Group. "We saw a volume drop in the latter part of the year and foresee this trend continuing in the first quarter of 2002."
New President Named at Isaberg Rapid
STOCKHOLM, Sweden, Feb. , 2002 (PRIMEZONE) -- Tommy Backstrom, B.Sc. Eng., has been named President of Isaberg Rapid, with effect from August 1, 2002. He is currently site manager at Volvo Cars Engine, in Skovde, a position he has held since 1999. Backstrom (born 1947) previously spent nine years with Isaberg Rapid as head of production and logistics, among other positions.