Company News
Published Jan 15 2002
*Velocity Express Corp., Plymouth, formerly United Shipping
& Technology Inc., said its trading symbol has been changed
from USHP to VEXP.
*ADC Telecommunications Inc., Eden Prairie, said it will
supply Powercor Australia with fiber equipment to 33 sites.
Terms were not disclosed.
*Digi International Inc., Minnetonka, said it will hold a
special stockholders meeting on Feb. 13 to vote on the
company's proposed merger with NetSilicon Inc. Under the
terms of the merger agreement, Digi will acquire NetSilicon in
a deal valued at about $60 million.
*Deluxe Corp., Shoreview, said it has a contract extension
with eFunds Corp. to provide electronic access to eFunds'
account-opening services for financial institutions. The new
non-exclusive contract is valid through 2005.
*Lawson Software, St. Paul, said it has signed 20 contracts
with retail customers during its second quarter of fiscal 2002.
The five new customers include Forever 21, Chico's FAS Inc.
and the Nash Finch Company. The remaining contracts
involve sales of additional Lawson products to existing
customers.
*Check Technology Corp., Minnetonka, said it will seek
shareholder approval to double the number of its authorized
common shares to 50 million. The company also will ask for
approval to change its name to Delphax Technologies Inc.,
according to a preliminary proxy statement filed Friday with
the Securities and Exchange Commission. The board proposed
the increase in shares to make them available for future
financing, acquisitions, stock splits or dividends, the filing said.
*Alliant Techsystems Inc., Edina, said it completed a series of
successful test firings of the Army's objective individual
combat weapon that included the system's 20-millimeter
high-explosive ammunition with an advanced air-burst fuse.
*Nistevo Corp., Eden Prairie, said International Paper signed
a two-year subscription contract to the Nistevo Network for
centralized contract management and distributed
transportation execution for an estimated 450,000 annual
truckload shipments.
*Rural Cellular Corp., Alexandria, announced the pricing of
$300 million of its senior subordinated notes due 2010. Cash
interest is payable semiannually on the notes at a rate of 9.75
percent a year. The net proceeds will be used to pay down debt.
*Retek Inc., Minneapolis, said the Gymboree Corp., a
children's specialty retailer with 581 stores, will use Retek's
Distribution Management to upgrade its distribution center
systems.
*Net Perceptions Inc., Edina, said Meijer Stores, a
Michigan-based superstore chain, selected Net Perceptions'
Retail Revelations Advertising Advisor 2.0 software to
enhance the company's efficiency and performance of its print
circular ad program. Meijer has 152 stores.
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