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Share Name | Share Symbol | Market | Type |
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Rio Fortuna Exploration Corp | TSXV:RFT | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:4116O Raft International PLC 06 August 2003 Raft International plc - Press Release London, August 2003 American Electric Power (AEP) licences raft credit for Global Credit Risk Management Raft International plc, announced today that AEP, one of the United States' leading power generators and marketer of natural gas, and related products and services, has licensed raft credit, Raft International's credit risk management application. AEP will be implementing the complete raft credit solution, providing an enterprise-wide credit risk management system that includes workflow and collateral functionality. The new system will cover all of AEP's physicals and derivatives trading. In the increasingly competitive and volatile energy markets, AEP wanted an enhanced solution to enable them to manage and mitigate their credit risk more effectively. raft credit will be installed at AEP's corporate headquarters in Columbus, Ohio and subsequently rolled out to other offices in the group. Pete Pavluk, Commercial Development Director at Raft International said "Energy companies can gain immediate and long lasting competitive advantage through the deployment of raft credit. We are looking forward to working with AEP to meet their business objectives and to a lasting and productive relationship." The contribution from this contract win is reflected within the current market estimate of results for the Company for this financial year and for the year ended 31 October 2004. Contact: Sandra Kelly, Raft International +44 20 7847 0433 skelly@raftinternational.com Shane Dolan, Biddicks +44 20 7448 1000 Shane.dolan@biddicks.co.uk This information is provided by RNS The company news service from the London Stock Exchange END CNTBLGDIXXGGGXL
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