By relinquishing the senior creditor position as bondholders to Premier Cruises operating company in exchange for an equity interest, the Board is expressing the bondholders' faith in Premier's future; its corporate mission of offering intimate cruises aboard small, traditional ships; and in Premiers' ability to execute its refined business plan as developed by the new management that took charge last May.
22, 1998--In the first meeting of its Board of Directors since the completion of its restructuring and refinancing, Premier Cruises announced the election of Joseph W.
The bondholders acquired a majority equity interest in Premier as part of the restructuring.
Nasdaq:ASWX), a leading provider of eBusiness integration software products, today announced it has agreed to acquire Premier Software Technologies, Inc.
The acquisition of Premier is expected to provide Active Software with extensive expertise for integrating eCommerce, Web server and legacy systems with leading enterprise applications, enabling customers to deploy eCommerce integration solutions rapidly and realize significant time-to-market advantages.