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Oslo, Norway, Oct 5, 2007 - (Hugin via Asia Business News) - Oslo, 5. October 2007 - Today, the Disciplinary Committee of OMX Nordic Exchange Helsinki has issued a warning concerning Stora Enso's second quarterly report communication of 26 July 2007. The warning refers to a human error on the part of Hugin's customer support. The quarterly report was posted by Hugin on Stora Enso's English website one hour too early. The error has no connection with Hugin's primary disclosure services.
Hugin provides an automated primary disclosure publishing system to 11 European Stock Exchanges. Following the launch of the service on the Finnish market in February 2007 over 40 listed companies have moved to use Hugin's primary disclosure service. Prior to February all Finnish companies were obligated to use the Stock Exchange's primary disclosure service. Internationally over 1200 companies use Hugin's services to distribute their financial information.
Hugin has been in constant dialogue with Stora Enso since the incident. Internal procedures have been improved immediately after the incident to avoid the occurrence of a similar error in the future.
Tor Baekkelund, CEO of Hugin says « Hugin is committed to delivering high-quality services to all its clients. It is our primary goal to drive corporate value for our clients by delivering best-of-breed products and services for efficient IR and PR communication»
About Hugin
Hugin, a NYSE Euronext company, is the leading pan-European provider of innovative services and professional support for connecting communication professionals with their target audiences and at the same time ensures compliance with market authorities' regulations.
From its start in 1995, Hugin has pioneered the regulatory and news distribution service industry developing methods driving best practice. Hugin helps companies with their complete distribution and compliance needs. Hugin's channels connect companies directly to thousands of journalists, analysts, institutional investors and their specific stakeholders.
Hugin is the favored partner of Investor Relations and Public Relations Officers by offering them a full range of services including: financial, regulatory and media news distribution, online services, broadcast services, learning services and client services.
Hugin today forms an international group present in 11 countries through 12 offices in Belgium, France, Denmark, Finland, Germany, Norway, Poland, Sweden, Switzerland, The Netherlands and The United Kingdom. Hugin has more than 1 700 clients in 26 countries.
As well as its activities in the European countries, Hugin has also developed strategic relationships with partners in the USA and in Asia. Hugin allows European companies to distribute their press releases in the local language to professional investors and the media globally.