Companies news of 2007-04-02 (page 2)
Texas Instruments and Prestigious Indian Institute of Science Establish Leadership...
Icron releases world's first and only wireless USB 2.0 HUB based on 802.11g"The WiRanger...
TI Introduces 216-kHz Stereo ADCs with Industry-Leading 124-dB Dynamic Range Core24-Bit...
AT&T Offers Managed Web-Security Service to Businesses WorldwideNetwork-Based Service...
Envox CT Connect 7 Achieves Avaya ComplianceTesting confirms that Envox CT Connect 7 can...
Lexmark, Pomeroy celebrate Earth Day with donation to Kentucky Natural Lands Trust
Marvell Semiconductor, Inc. Receives Intel's Preferred Quality Supplier Award
VMware 'Jolts' the Software Development IndustryProduct Excellence Award Honors VMware Lab...
Agilysys to Accelerate Growth as IT Solution Provider With Close of KeyLink Systems...
Agilysys Declares Quarterly Dividend
State of Florida Public Universities Partner With Oracle to Improve Data Reliability and...
Atmel Introduces the World's Lowest Power 32-bit Flash MCU With Ethernet and USB...
Interwoven Names Joe Cowan CEO
E-LOAN Standardizes on Salesforce.com to Create a Customer Communications HubOnline...
Photonic Products Group, Inc. Reports Profitable FY 2006
Harris Interactive Extends European Capabilities with Acquisition of German Online Market...
Altera Opens 30th Joint Laboratory and Training Center in ChinaFuture Engineers to Learn...
Ikanos' Multi-mode VDSL2 Solutions Selected by DASAN NetworksCO and CPE Chipsets Support...
New Functionality in Oracle(R) E-Business Suite Release 12 Targets Process...
NASA Awards GTSI Two Multi-award Prime SEWP-IV Contracts Valued at $5.6 Billion EachGTSI...
Bridgetech Partners With Formosa Biomedical to Distribute Leading Edge Medical Diagnostic...
Vital Images Renews Marketing and Distribution Agreement With Toshiba Medical Systems...
Oce Business Services Launches New York City Litigation Support Processing FacilityFast,...
AEHI, AEM and MAPS Update the Investment Community in All New Interviews With WallSt.net
LaserCard Corporation Announces Receipt of Subcontract for Optical Memory-Based U.S....
Workbrain Corporation to be acquired by Infor for $12.50 in cash per shareWorkforce...
NUR Macroprinters Quadruples Speed and Ink Coverage With the New NUR Expedio(TM) 5000...
TetriDyn Solutions Signs Two-Year Contract with Rocky Mountain Surgery Center
ITEX Announces Executive Privileges ProgramLaunches Enhanced Website
Certicom Announces Executive ChangesCerticom Corporation will host a conference call and...
Texas Instruments and Prestigious Indian Institute of Science Establish Leadership UniversityCEO Challenges IISc Students to Push the Limits of Electronics Innovation
BANGALORE, India, April 2 /PRNewswire/ -- Texas Instruments , a leader in the semiconductor industry, invited Indian Institute of Science (IISc) to join as one of only four Leadership Universities in the world. Under this program, IISc will join TI's premier research network as its first Leadership University outside the US. The agreement furthers TI's commitment to education and advanced research in India.
TI chose the school after a review of 16 criteria ranging from research leadership and in-depth knowledge of technology, to its focus on future applications in wireless, consumer, medical and industrial markets. As a Leadership University, IISc will receive a seed funding of $400,000 over five years, an extension of existing funding already received by IISc. IISc will also gain enhanced access to TI's worldwide teams and an opportunity to work with TI's other Leadership Universities on future TI funded programs. The funding will be used to support research programs for industry specific applications, as well as curriculum development in DSP, analog and mixed signal systems.
While speaking to the students at IISc in India, Rich Templeton, TI president and CEO said, "The higher education in engineering and science you get here provides you with critical skills and also enables you to transform the lives of millions through invention and discovery. Our goal in joining with IISc through the Leadership University program is to enable engineers to use electronics innovation to enrich lives." He further highlighted that, "India is recognized for its progress and needs similar higher education research programs to sustain intellectual credibility and advancement of the industry. TI is committed to the long term goals of the industry."
Professor P. Balaram, Director IISc, welcomed Rich Templeton and said, "It is a pleasure to partner with TI as a Leadership University. We look forward to sharing our ideas through collaborative research and to develop innovative technologies under this program."
IISc is a post-graduate institute known to produce excellent post-graduates and PhDs. TI has been working with IISc for over 10 years. Recognition as a Leadership University reflects TI's strategic and long term commitment to advance technology and grow the benefits of electronics innovation in India.
As one of the first multi-national corporations to recognize India's talent in 1985, TI's India operations today are an integral part of global engineering and sales teams working on numerous product areas across the country. Under its India university program, TI established one of the first of its 550 DSP Labs in India at IISc in 1996. It is also launching an Analog university program for engineering institutions throughout India. Focus on both DSP and Analog competencies will drive a system level approach to technical education.
Making math and science education more accessible to people around the world has been a TI commitment for more than 60 years and the company's university partnerships have touched thousands of students in every region across the globe.
About Texas Instruments:
Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers' real world signal processing requirements. In addition to Semiconductor, the company includes the Education Technology business. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com/.
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Texas Instruments Incorporated
CONTACT: Swati Rangachari, +91-9845440442, swatir@ti.com, or Gary Silcott, +1-214-480-2048, gsilcott@ti.com, both of Texas Instruments Incorporated. Please do not publish these phone numbers or email addresses.
Web site: http://www.ti.com/
Icron releases world's first and only wireless USB 2.0 HUB based on 802.11g"The WiRanger wirelessly extends USB 2.0 connections up to 30 meters, is driverless, plug and play and compatible with all devices on all operating systems"
BURNABY, BC, April 2 /PRNewswire-FirstCall/ -- Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB(R), announced the release and immediate availability of the industry's first wireless USB 2.0 Hub based on an industry standard 802.11g radio. This Hub takes USB connectivity beyond the desktop, enabling wireless connection of USB devices such as printers, scanners, hard drives, and MP3 players to PCs and Macs throughout the home or office.
"We are delivering on the promise of true wireless USB 2.0 plug and play functionality with our WiRanger Cable Free USB 2.0 Hub," stated Robert Eisses, President and CEO of Icron Technologies. "Our customers want the freedom to move beyond the desktop, or the room, and seamlessly connect their USB devices. Icron's flexible ExtremeUSB technology is the engine that enables USB 1.1 or 2.0 connections over any media: wireless, cable, power line or fiber optics."
Icron's WiRanger Cable Free USB 2.0 Hub is a four-port hub and dongle set that enables transparent wireless connectivity for any USB device without requiring software or user configuration. The WiRanger gives PC (Windows, Linux, Unix) or Mac-OSX users the freedom to place all of their USB devices at distances up to 30m (100feet) within their home, office or commercial environment. This product has received global regulatory approval and is available through Icron's existing global network of distributors, resellers and OEM customers.
"Icron is first to reach the holy grail of seamless high-speed wireless connectivity between USB-enabled products," stated Kirsten West, principal analyst with WTRS, an independent market research firm covering emerging wireless technologies and their applications. "This is a tremendous accomplishment not only for Icron, but also for the USB community as a whole. Icron's WiRanger, in combination with their general ExtremeUSB line of products, addresses a tremendous market opportunity by making connectivity seamless regardless of the underlying connection type."
This product will be the first in a growing family of Cable Free USB 2.0 solutions utilizing a variety of wireless technologies including UWB and 802.11a/b/g/n/ to meet different application requirements in the Industrial, Military, Pro-sumer, Medical and Commercial markets.
Product Details:
WiRanger USB 2.0 Cable Free Hub MSRP $ 395.00 USD
(Part Number: 00-00228G NA, 00-00229G Euro, 00-000230G UK)
About Icron Technologies Corp http://www.icron.com/
Icron Technologies Corporation's patented ExtremeUSB(R) technology extends the range of USB in wired environments and enables wireless USB over any RF technology. ExtremeUSB is the only USB-IF compliant extension solution and is deployed globally in a wide range of applications including: industrial automation, medical device, aerospace, KVM and computer networking. ExtremeUSB technology is available in a variety of formats including technology licenses, OEM modules, developer kits, as well as branded and private-label products.
Icron is a publicly traded corporation and trades under the symbol "IT" on the TSX Venture Exchange. For more information on the company and its products, please visit http://www.icron.com/.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding financial estimates and future plans and objectives of Icron - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
CONTACT: Icron Media Contact, Brigitta Shore, Phone: (604) 729-9479, brigitta.shore@icron.com; Icron Investor Relations Contact, The Howard Group, David Gordon, Phone: (403) 221-0915, david@howardgroupinc.com, Fax: (403) 237-8387, http://www.howardgroupinc.com/insight/insight.htm
Icron Technologies Corporation
CONTACT: Icron Media Contact, Brigitta Shore, Phone: (604) 729-9479, brigitta.shore@icron.com; Icron Investor Relations Contact, The Howard Group, David Gordon, Phone: (403) 221-0915, david@howardgroupinc.com, Fax: (403) 237-8387, http://www.howardgroupinc.com/insight/insight.htm
TI Introduces 216-kHz Stereo ADCs with Industry-Leading 124-dB Dynamic Range Core24-Bit Devices Provide Low Power Consumption and High Integration for Superior Professional Audio Performance
DALLAS, April 2 /PRNewswire/ -- Texas Instruments Incorporated (TI) today introduced two 24-bit, 216-kHz analog-to-digital converters (ADCs) to complete the company's high-performance audio signal chain for professional digital audio recording and processing applications. The new dual-channel devices combine high integration with the highest dynamic range in the industry of up to 124-dB signal-to-noise ratio (SNR) while still reducing power consumption by 50 percent compared to competing products. See http://www.ti.com/sc07064.
"At Focusrite, we understand that performance is paramount for our professional audio customers. We strive to maintain high audio quality for our audio preamplifiers from the analog input to the digital output," said Robert Jenkins, director of product strategy of Focusrite Audio Engineering Ltd. "Texas Instruments enables us to exceed our customers' expectations with high-performance devices, such as the PCM4222, that make it easier to develop the products behind the music."
The PCM4220 and PCM4222 integrate an on-chip, linear phase decimation filtering engine that supports both classic and low group delay filter responses, allowing designers to optimize the device for either studio or live sound applications. The PCM4222 enables designers to achieve system flexibility through a 6-bit modulator output that bypasses the digital decimation filter. This option provides versatility to create a digital filter in an FPGA, further customizing the performance for end-product differentiation. Both devices simplify board layout and system partitioning with a time division multiplex function that allows OEMs to daisy chain up to four devices into a single serial port on a DSP or FPGA.
In addition to uncompromising performance and integration, these new devices consume only 305 mW of power at 48 kHz, ultimately easing power supply design and enabling the option to power computer audio interfaces entirely through USB or Firewire bus.
The PCM4222 completes TI's industry-leading professional audio signal chain offering, providing customers with the silicon, software, systems expertise and support to get to market quickly. When combined with the PGA2500 preamplifier and the OPA1632 audio amplifier, the PCM4222 complements the highest-performance input signal chain available. When combined with a 132-dB digital-to-analog converter, such as the PCM1792A, and a low-noise headphone amplifier, such as the TPA6120A2, the fidelity of the signal can be maintained from input to output. For more information see the Audio Solutions Guide at http://www.ti.com/audio.
Availability, Packaging and Pricing
The PCM4222 and PCM4220 are available now in 48-pin TQFP packages. Pricing for the PCM4222 is $14.95 and the PCM4220 is $9.95 each in quantities of 1,000 units.
TI offers analog engineers a wide-ranging support infrastructure that includes training and seminars, design tools and utilities, technical documentation, evaluation modules, an online KnowledgeBase, a product information hotline and a comprehensive offering of samples that ship within 24 hours of request. For more information on TI's complete analog design support, and to download the latest selection guides, visit http://www.ti.com/analogelab.
Texas Instruments
Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers' real world signal processing requirements. In addition to Semiconductor, the company includes the Education Technology business. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com/.
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
Texas Instruments Incorporated
CONTACT: Lindsey Starnes of Texas Instruments Incorporated, +1-214-480-2426, l-starnes@ti.com; or Ramona Layne Long of GolinHarris, +1-972-341-2532, rlayne@golinharris.com, for Texas Instruments Incorporated. Please do not publish these numbers or email addresses.
Web site: http://www.ti.com/ http://www.ti.com/sc07064 http://www.ti.com/audio http://www.ti.com/analogelab
AT&T Offers Managed Web-Security Service to Businesses WorldwideNetwork-Based Service Combats Malware, Adware and Spyware Attacks
BEDMINSTER, N.J., April 2 /PRNewswire-FirstCall/ -- AT&T Inc. today announced the availability of AT&T Web Security, a network-based security service that provides advanced Web content and instant-messaging filtering.
Available to companies in the United States and around the world, AT&T Web Security is the newest addition to AT&T's enterprise security portfolio, which is focused on providing companies with security services "in the cloud" to help remove the dependency on hardware and software while supporting a "defense in depth" architecture with security features built into different network layers and supporting processes.
AT&T Web Security provides companies with network-based capabilities to perform Web-content filtering and screening for malware and spyware, and IM filtering for malware, without dedicated hardware or software requirements. AT&T Web Security is designed to monitor all nonencrypted Web traffic, including HTTP requests, and replies to HTTP requests and IM traffic. It can operate independently or become fully integrated with AT&T's other managed security solutions.
"With the introduction of AT&T Web Security, companies are better able to control spyware, malware and adware attacks and to provide increased control of the Web sites that employees are visiting," said Stan Quintana, vice president of AT&T Security Services. "URL-filtering capabilities are increasingly critical to companies as a first line of defense to block attacks."
AT&T Web Security features include:
-- Monitoring and reporting of Web traffic at the network level. Customers
may choose to monitor individual end-users, which would require that
the customer install software on the user's PC.
-- Web-based portal for administration and reporting, including customized
browser alert capabilities and automated reports.
-- Near-real-time scanning of requested Web sites and files to ensure that
even trusted locations and files are monitored.
-- IM-filtering capabilities with storage.
According to a Gartner report, dated March 16, 2006, "fewer than 10 percent to 15 percent of enterprises have deployed Web-based antivirus scanning."(1)
"AT&T Web Security enables us to monitor and help prevent Internet attacks in the form of viruses and spyware, which could migrate from users' PCs to our network," said Daniel Antion, vice president of Information Services, American Nuclear Insurers. "When making our decision to work with AT&T, the feature that attracted us the most was the fact that this would be maintained by AT&T, providing us with reassurance that AT&T would work on protecting us from an attack before it would even hit our network."
AT&T delivers a suite of Security and Business Continuity Services to help assess vulnerabilities, help protect infrastructure, detect attacks, respond to suspicious activities and events, and design enterprise networking environments for nonstop operations. More information on AT&T security offerings can be found at http://www.business.att.com/service_portfolio.jsp?repoid=ProductCategory&repoi tem=eb_security&serv_port=eb_security&segment=ent_biz .
(1) Gartner, Inc., "Marketscope for URL Filtering, 2006," March 16, 2006,
by Lawrence Orans and Arabella Hallawell.
Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss .
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access, and voice services. As part of its three-screen integration strategy, AT&T is expanding video entertainment offerings to include next-generation television services such as AT&T U-verse(SM) TV. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/ .
AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures.
AT&T Inc.
CONTACT: Melissa Mirabile for AT&T, +1-212-453-2327, mmirabil@attnews.us , or Janet Wyles of AT&T, +1-908-234-6067, wyles@att.com
Web site: http://www.att.com/
Envox CT Connect 7 Achieves Avaya ComplianceTesting confirms that Envox CT Connect 7 can be used to integrate enterprise applications with Avaya switches
WESTBOROUGH, Mass., April 2 /PRNewswire/ -- Envox Worldwide, a leading global provider of voice solutions, today announced that Envox CT Connect(TM) 7, its standards-based computer telephony integration (CTI) software, has been compliance-tested by Avaya for compatibility with the company's Internet Protocol (IP) telephony and contact center solutions. Avaya is a leading global provider of business communications applications, systems and services.
Envox CT Connect enables application developers and systems integrators to create speech self-service, contact center and unified communications solutions for IP and TDM networks. The software is now compliance-tested by Avaya for compatibility with Avaya Communications Manager 3.1.2 IP telephony software.
"Envox CT Connect is one of the world's leading CTI software products, and our customers have been using it in combination with Avaya switches for many years with great success," said Mark D. Flanagan, president and CEO of Envox Worldwide. "Achieving Avaya compliance is yet another example of the continued efforts by our respective organizations to create best-in-class communication solutions for contact centers."
Envox CT Connect is one of the most robust and reliable CTI solutions on the market today. It provides support for leading PBX, Automatic Call Distribution (ACD) and IP communication environments. In addition, Envox CT Connect is based on industry standards, such as Session Initiation Protocol (SIP) and Computer Supported Telecommunications Applications (CSTA). The use of open standards enables application developers and systems integrators to add CTI capabilities to speech self-service, contact center and unified communications solutions at dramatically lower costs than ever before.
Envox Worldwide is a Gold member of the Avaya DeveloperConnection Program -- an initiative to develop, market and sell innovative third-party products that interoperate with Avaya technology and extend the value of a company's investment in its network. As a program member, Envox Worldwide has access to compatibility testing by the Avaya Solution Interoperability and Test Lab. This testing ensures that businesses can confidently add Envox CT Connect and other best-in-class capabilities to their networks without having to replace their existing infrastructure -- speeding deployment of new solutions and reducing both network complexity and implementation costs.
"By offering compliance testing to the many innovative companies like Envox Worldwide who are members of our DeveloperConnection program, Avaya promotes interoperable solutions that are easier and more cost-effective for companies to implement within their existing, multivendor networks," said Eric Rossman, vice president of developer relations and technical alliances, Avaya. "That means we're expanding the options businesses have for solving their most complex challenges and are helping them derive greater value from their communications infrastructure."
To learn more about Envox CT Connect, or to download a free product evaluation, please visit http://www.envox.com/software/envox-ct-connect.asp.
About Avaya
Avaya delivers Intelligent Communications solutions that help companies transform their businesses to achieve marketplace advantage. More than 1 million businesses worldwide, including more than 90 percent of the FORTUNE 500(R), use Avaya solutions for IP Telephony, Unified Communications, Contact Centers and Communications-Enabled Business Processes. Avaya Global Services provides comprehensive service and support for companies, small to large. For more information visit the Avaya Web site, http://www.avaya.com/. For more information on the Avaya DeveloperConnection Program, visit http://www.devconnectprogram.com/.
About Envox Worldwide
Envox Worldwide is a leading global provider of voice solutions. The company's software and related services, including Envox OnDemand, dramatically reduce the time, cost and complexity of creating voice solutions. These products and services enable enterprise customers and service providers to significantly reduce operating costs, improve customer satisfaction and retention, and generate new revenue streams. Headquartered in Boston, Envox's products and services are available through a network of global channel partners. For more information, please visit http://www.envox.com/
Media Inquiries: Media Inquiries:
Catherine Van Evans, Envox Worldwide Mary Thiele, Avaya
508-871-7604 908-953-6152
catherine.vanevans@envox.com mthiele@avaya.com
Envox Worldwide
CONTACT: Catherine Van Evans, Envox Worldwide, +1-508-871-7604, catherine.vanevans@envox.com; or Mary Thiele, Avaya, +1-908-953-6152, mthiele@avaya.com
Web site: http://www.envox.com/ http://www.avaya.com/ http://www.devconnectprogram.com/
Lexmark, Pomeroy celebrate Earth Day with donation to Kentucky Natural Lands Trust
LEXINGTON, Ky., April 2 /PRNewswire-FirstCall/ -- Lexmark International, Inc. has joined with Pomeroy IT Solutions in an arrangement to provide a donation to Kentucky Natural Lands Trust in commemoration of Earth Day. Pomeroy and Lexmark are both based in Kentucky.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020819/LEXMARKLOGO )
During the month of April, a $50 contribution will be made to Kentucky Natural Lands Trust for each duplex printer sold through Pomeroy's contract to provide Lexmark inkjet printers, laser printers and multifunction products (MFPs) to the Commonwealth of Kentucky. Lexmark offers two-sided printing standard on 38 different models of inkjet printers, laser printers and MFPs to help customers save paper and conserve resources.
All state government agencies and cabinets, K-12 public schools, state higher education institutions and local governments have the option to purchase Lexmark products under the terms of a Pomeroy contract with the state.
"The contract with Lexmark has allowed us to help the Commonwealth of Kentucky improve its productivity and reduce costs, and we are pleased to take that a step further to benefit Kentucky's environment," said Steve Pomeroy, president and CEO of Pomeroy.
"Lexmark is dedicated not only to providing solutions that help customers get more done, but also to designing products with the environment in mind," said Paul Rooke, Lexmark executive vice president and president of its Printing Solutions and Services Division. "We are pleased to help celebrate the importance of Earth Day by supporting Kentucky's efforts to protect its environment through this donation."
Kentucky Natural Lands Trust is a nonprofit conservation organization that works to provide long-term protection to Kentucky's natural lands.
Earth Day is Sunday, April 22.
About Lexmark
Lexmark International, Inc. provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2006, Lexmark reported $5.1 billion in revenue. Learn how Lexmark can help you get more done at http://www.lexmark.com/.
Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020819/LEXMARKLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Lexmark International, Inc.
CONTACT: Jackie Anderson of Lexmark International, Inc., +1-859-232-3397, jackiea@lexmark.com
Web site: http://www.lexmark.com/
Marvell Semiconductor, Inc. Receives Intel's Preferred Quality Supplier Award
SANTA CLARA, Calif., April 2 /PRNewswire-FirstCall/ -- Marvell Semiconductor, Inc., a subsidiary of Marvell Technology Group Ltd. , was named a recipient of Intel Corporation's Preferred Quality Supplier (PQS) award for outstanding performance in providing products and services deemed essential to Intel's success. The company was recognized for its efforts supplying Intel with storage, communications and consumer silicon solutions. Marvell(R) and 43 additional PQS award winners were honored at a celebration in Burlingame, California on March 27.
"Marvell is much honored to receive Intel's prestigious Preferred Quality Supplier award," said Dr. Sehat Sutardja, Marvell's chairman, president and CEO. "We appreciate what is required to win this award, and continually endeavor to meet and surpass Intel's expectations in all areas. We look forward to continuing and expanding our relationship with Intel."
"Intel is pleased to recognize Marvell with Intel's Preferred Quality Supplier award," said Rob Crooke, vice president and general manager, Intel's Business Client Group. "This is a significant accomplishment, and reflects Marvell's strong commitment and consistent execution in technology, availability, quality, and customer service. Marvell's excellence as a supplier allows us to provide a steady supply of high quality, industry leading solutions to our customers."
The PQS award is part of Intel's Supplier Continuous Quality Improvement (SCQI) process that encourages suppliers to strive for excellence and continuous improvement. To qualify for PQS status, suppliers must score 80 percent on a report card that assesses performance and ability to meet cost, quality, availability, delivery, technology and responsiveness goals. Suppliers must also manage and deliver on a challenging improvement plan and a quality systems assessment. Additional information about the SCQI program is available at http://supplier.intel.com/quality/.
About Marvell
Marvell is a leader in storage, communications and consumer silicon solutions. The Company's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Marvell U.K. Limited, Marvell Semiconductor Israel Ltd. (MSIL), RADLAN Computer Communications Ltd., and Marvell Semiconductor Germany GmbH. MSI is headquartered in Santa Clara, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at (408) 222-2500 or at http://www.marvell.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This press release contains forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "May," "will," "should," and their variations identify forward- looking statements. These statements are not guarantees of results and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to meet and surpass Intel's expectations and continuing and expanding our relationship with Intel. For other factors that could cause Marvell's results to vary from expectations, please see the sections titled "Risk Factors" in Marvell's quarterly report on Form 10-Q for the fiscal quarter ended April 29, 2006, "Additional Risk Factors" in Marvell's Form 8-K filed on October 17, 2006, "Other Events" in Marvell's Form 8-K filed on April 2, 2007, and other factors detailed from time to time in Marvell's filings with the Securities and Exchange Commission. Marvell undertakes no obligation to revise or update publicly any forward-looking information.
Marvell and the Marvell logo are registered trademarks of Marvell or its affiliates. All other trademarks are the property of their respective owners.
CONTACT: Diane Vanasse
408-242-0027
dvanasse@marvell.com
Marvell Semiconductor, Inc.
CONTACT: Diane Vanasse of Marvell, +1-408-242-0027, dvanasse@marvell.com
Web site: http://www.marvell.com/ http://supplier.intel.com/quality
VMware 'Jolts' the Software Development IndustryProduct Excellence Award Honors VMware Lab Manager for Being Innovative, Trend-Making and Ahead-of-the-Curve
PALO ALTO, Calif., April 2 /PRNewswire/ -- VMware, Inc., the global leader in software for industry-standard virtualized desktops and servers, today announced that VMware Lab Manager won the 2007 Jolt Product Excellence Award in the Utilities category. The Jolt Product Excellence Awards, sponsored by Dr. Dobb's Journal, are designed to recognize the most innovative, trend- making, ahead-of-the-curve products for developers.
"This year was an exceptionally exciting year for our judges, since there were so many strong contenders in every category," said Rosalyn Lum, director of Jolt Awards. "The winners reflect that innovation is still alive: It was especially satisfying to see leaders still leading the way and at the same time, newcomers changing how developers work by giving them great new products that reflect the changing software development landscape."
VMware Lab Manager automates the setup, capture, storage and sharing of multi-machine software configurations and makes them available on demand to local or remote development and test teams through a self-service portal. The product also includes a unique delta-tree image library management feature, which enables large image libraries to be maintained while eliminating data redundancy and reducing the amount of disk storage required compared to other lab management systems, as well as seamless integration with downstream production operations systems. The result is a system that uniquely helps enterprise operations and application development teams maximize utilization of development and test lab assets, accelerate software development cycles and increase the quality of delivered software systems.
"VMware Lab Manager bridges the gap between application development and IT operations teams to maintain maximum efficiency and quality control during the software lifecycle from start to finish," said Dan Chu, vice president of emerging products and markets at VMware. "Winning this distinguished industry award affirms the capability of VMware Lab Manager to automate and streamline this process for our customers so they in turn can more rapidly deliver business-critical applications into production."
More information about the Jolt Product Excellence and Productivity awards is available at http://www.joltawards.com/.
About Dr. Dobb's
Dr. Dobb's is part of CMP Technology and serves the worldwide software development community. Dr. Dobb's offers a full suite of products, including the award-winning Dr. Dobb's Journal, Dr. Dobb's Events (http://www.sdexpo.com/) and Dr. Dobb's Portal (http://www.ddj.com/).
About VMware, Inc.
VMware, an EMC company , is the global leader in virtual infrastructure software for industry-standard systems. The world's largest companies use VMware solutions to simplify their IT, fully leverage their existing computing investments and respond faster to changing business demands. VMware is based in Palo Alto, California. For more information, visit http://www.vmware.com/ or call 650-475-5000.
VMware is a registered trademark or trademark of VMware, Inc. in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies.
VMware, Inc.
CONTACT: Melinda Marks of VMware, Inc., +1-650-842-9493, or mmarks@vmware.com; or Andrew Schmitt of OutCast Communications for VMware, +1-415-392-8282 x706, or andrew@outcastpr.com
Web site: http://www.vmware.com/ http://www.joltawards.com/ http://www.sdexpo.com/ http://www.ddj.com/
Agilysys to Accelerate Growth as IT Solution Provider With Close of KeyLink Systems Distribution Business Sale
BOCA RATON, Fla., April 2 /PRNewswire-FirstCall/ -- Agilysys, Inc. announced today it closed the sale of its KeyLink Systems Distribution Business assets to Arrow Electronics, Inc. Agilysys is now exclusively a leading provider of innovative IT solutions to the corporate and public sectors, with special expertise in select vertical markets, including retail and hospitality.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO)
The purchase price was $485 million in cash. Taxes payable on the gain on the sale are estimated to be approximately $145 million. Based on the purchase price, Agilysys expects to realize after-tax proceeds of $340 million. The purchase price is subject to a working capital adjustment.
Arthur Rhein, Agilysys chairman, president and chief executive officer, said, "The close of the sale completes the strategic transformation we began in 2003 when we exited our former electronic components distribution business. As a company, we no longer operate distribution-related businesses and are now solely focused on selling IT solutions direct to end customers. We are enthusiastic about the many excellent long-term opportunities available to accelerate our growth as a solution provider. As we execute on these opportunities, we will enhance our ability to provide further differentiated value and greater rewards to customers and shareholders."
Rhein added, "Our creation and successful execution of a strategy to redeploy the asset base in support of growing our IT solutions business has resulted in a more profitable business and the creation of significant value for shareholders. From a stock price of $8.93 prior to the announcement of the divestiture of our electronic components distribution business in January 2003 to the closing price of $22.47 prior to today's announcement, the stock price has increased $13.54, or 152%."
New Strategic Direction and Business Outlook
As a solution provider, Agilysys will continue its growth as one of the leading providers of innovative IT solutions to the corporate and public sectors, with special expertise in select vertical markets, including retail and hospitality. The company will continue to operate extensively throughout North America, with additional sales offices in China and the United Kingdom, as a leading provider of:
-- Enterprise storage and server hardware, software and service solutions
to corporations and the public sector;
-- Retail solutions to the grocery, chain drug, general, specialty and
hospitality food service segments of the retail industry;
-- Fully integrated solutions designed exclusively for the hotel, casino,
resort, and conference center segments of the hospitality industry.
The company will use the proceeds from the sale of KeyLink to fund a planned $100 million self-tender offer and to accelerate growth of the business, both organically and through acquisition. Based on its growth plans, the company has established a number of long-term financial goals:
-- Grow sales from approximately $500 million to $1 billion within two
years and to $1.5 billion in three years. Much of this growth will come
from acquisitions;
-- Target gross margins in excess of 20% and earnings before interest,
taxes, depreciation and amortization ("EBITDA") margins of 6% within
three years;
-- While in the near term return on invested capital will be diluted due
to acquisitions and legacy costs, the company continues to target long-
term return on capital of 15%.
Self-Tender Offer
As part of the company's financial strategy to increase flexibility and create value for shareholders, the Agilysys board of directors previously authorized the repurchase of up to 6 million common shares in an estimated $100 million self-tender offer, following the close of the sale of the KeyLink Systems Distribution Business. The ultimate number of shares and dollar value of the self-tender offer will be dependent on the share price and market conditions at the time. The company expects to commence the self-tender offer as soon as reasonably practicable.
THIS DOCUMENT IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SECURITIES. AGILYSYS HAS NOT YET COMMENCED THE TENDER OFFER REFERRED TO HEREIN. THE TENDER OFFER WILL BE MADE ONLY, IF AT ALL, THROUGH AN OFFER TO PURCHASE AND RELATED LETTER OF TRANSMITTAL. INVESTORS AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE TENDER OFFER STATEMENT OF AGILYSYS AND THE RELATED LETTER OF TRANSMITTAL WHEN SUCH DOCUMENTS ARE FILED AND BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. THE TENDER OFFER STATEMENT WILL BE FILED BY AGILYSYS WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC"). INVESTORS AND SECURITY HOLDERS MAY OBTAIN A FREE COPY OF THIS STATEMENT (WHEN FILED AND AVAILABLE) AND OTHER RELEVANT DOCUMENTS ON THE SEC'S WEB SITE AT: http://www.sec.gov/. THE TENDER OFFER STATEMENT AND RELATED MATERIALS MAY ALSO BE OBTAINED FOR FREE BY DIRECTING SUCH REQUESTS TO AGILYSYS.
Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause Agilysys actual results to differ materially from those anticipated by the forward- looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings. Please note that the protections afforded to Agilysys under the Private Securities Litigation Reform Act of 1995 will not apply to forward-looking statements that may be made in connection with our planned self-tender offer.
Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, the proposed issuer self-tender offer, Agilysys anticipated revenue gains, sales volume, margin improvements, cost savings, new product introductions, cash distribution policies, other divestitures and acquisitions, and development of intellectual assets.
Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors, changes in economic or industry conditions or in the markets served by Agilysys, and the ability to appropriately integrate acquisitions, strategic alliances or joint ventures.
In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K
for the fiscal year ended March 31, 2006. Interested persons can obtain it free at the SEC's Web site, http://www.sec.gov/. About Agilysys, Inc.
Agilysys, Inc. is a leading provider of innovative IT solutions to the corporate and public sectors, with special expertise in select vertical markets, including retail and hospitality. The company uses technology - including hardware, software and services - to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.
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Agilysys, Inc.
CONTACT: Analysts-Investors, Martin Ellis, Executive Vice President, Treasurer, and Chief Financial Officer, +1-561-999-8780, martin.ellis@agilysys.com, or Media, Julie Young, Director, Corporate Communications, +1-440-519-8160, julie.young@agilysys.com, both of Agilysys, Inc.
Web site: http://www.agilysys.com/
Agilysys Declares Quarterly Dividend
BOCA RATON, Fla., April 2 /PRNewswire-FirstCall/ -- Agilysys, Inc. today announced its quarterly cash dividend on common stock of $0.03 per share, payable May 1, 2007 to shareholders of record as of April 15, 2007.
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About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select vertical markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.
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Agilysys, Inc.
CONTACT: Analysts and Investors, Martin Ellis, Executive Vice President, Treasurer and Chief Financial Officer, +1-561-999-8780, martin.ellis@agilysys.com, or Media, Julie Young, Director, Corporate Communications, +1-440-519-8160, julie.young@agilysys.com, both of Agilysys, Inc.
Web site: http://www.agilysys.com/
State of Florida Public Universities Partner With Oracle to Improve Data Reliability and Enhance Data Sharing
REDWOOD SHORES, Calif., April 2 /PRNewswire-FirstCall/ -- Oracle today announced that the State of Florida Public Universities, comprised of 11 universities, have elected to enhance their current investments in Oracle software and services -- including Oracle(R) Database 10g and Oracle Fusion Middleware -- to help increase data reliability and augment data sharing capabilities among institutions.
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Through a five-year consortium agreement brokered for the 11 public universities, but with all of the 39 state universities and community colleges listed on the agreement. Oracle software and services will now support more students, faculty and staff than ever before. In addition, several institutions that currently use Oracle's PeopleSoft Enterprise applications to improve efficiency and enhance constituent service can take advantage of the latest Oracle software to improve their application performance.
By consolidating the technology purchase across the entire system, the State of Florida Public Universities were able to exercise their buying power as a group to acquire an affordable solution from Oracle. More importantly, the institutions have formed a strategic partnership with Oracle in order to maximize their current and future investments in Oracle products and solutions.
Participating institutions will have access to Oracle beta programs, participate with Oracle in proof of concepts, and together will explore how Oracle products can be used to improve higher education.
"By coming together to work with Oracle, our university system has realized benefits we would not have seen as individual institutions," said Ramon Padilla, Jr., director information resource management, Board of Governors, State University System of Florida. "We view this agreement as a best practice and hope to replicate the model in future technology purchases."
Seven of the 11 state universities have already executed the first consortium purchase, selecting Oracle Database campus license agreements to secure access to campus data and to provide Oracle solutions to more people on campus. The universities chose to expand on their current investments in Oracle Database because they felt it was the most secure, reliable option on the market today.
"By selecting Oracle Database and Oracle Fusion Middleware, the State of Florida Public Universities and Colleges should be able to improve data availability, accuracy and security; streamline system integration; and deliver new applications and services to its various campuses more quickly," said Robert Santimauro, group vice president, North America Strategic Accounts, Oracle.
Eight institutions within the State of Florida Public Universities and Colleges already use Oracle's PeopleSoft Enterprise applications to manage administrative systems more efficiently and improve service to students, faculty, staff, alumni and the community. All eight of these institutions have implemented PeopleSoft Enterprise Financial Management to streamline financial information and strengthen financial discipline and nearly all of these universities have also implemented PeopleSoft Enterprise Human Capital Management to better manage human resources processes, including payroll and benefits administration. To provide better service to students, some of these eight institutions have also implemented or are implementing PeopleSoft Enterprise Campus Solutions.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle Corp.
CONTACT: Katie Barron, Oracle, +1-703-364-2488, katie.barron@oracle.com; Janice Hazen, O'Keeffe & Company, +1-770-938-4753, jhazen@okco.com
Web site: http://www.oracle.com/
Atmel Introduces the World's Lowest Power 32-bit Flash MCU With Ethernet and USB On-the-GoAVR32 UC3A Delivers 80 Dhrystone MIPS and Draws Only 40 mA at 66 MHz
SAN JOSE, Calif., April 2 /PRNewswire/ -- Atmel(R) Corporation announced today the industry's lowest power 32-bit Flash microcontrollers. Based on Atmel's AVR(R)32 UC core, the UC3A Series has 512K bytes Flash and feature an embedded 10/100 Ethernet MAC, a full-speed (12 Mbps) USB 2.0 with on-the-go (OTG) capability and an SRAM/SDRAM external bus interface. The AT32UC3A0512 and AT32UC3A1512, the first devices available, deliver 80 Dhrystone MIPS (DMIPS) at 66 MHz and consume only 40 mA at 3.3V. The power consumption, as low as 1.65 mW/DMIPS, outperforms other architectures with similar features by a ratio of up to 4X. The new MCUs target networking and PC-centric embedded applications and are especially suited for portable devices.
The AVR32 UC core uses a three-stage pipeline Harvard architecture specially designed to optimize instruction fetches from on-chip Flash memory. It is the first core in the industry to integrate single-cycle read/write SRAM with a direct interface to the CPU that bypasses the system bus to achieve faster execution, cycle determinism and lower power consumption. The AVR32 UC core shares the same instruction set architecture (ISA) as its AVR32 AP parent, with over 220 modeless instructions available as 16-bit compact and 32-bit extended instructions. The ISA features atomic bit manipulation to control on-chip peripherals and general purpose IOs and fixed point DSP arithmetic such as single cycle fractional saturated multiply-and-accumulate. An event handling system supports events such as prioritized interrupts, non- maskable interrupt and internal exceptions with a maximum interrupt latency of 16 clock cycles.
The AVR32 UC3A Series incorporates many of the same peripherals as Atmel's ARM(R)-based MCUs including the peripheral DMA controller, multi-layer high speed bus architecture, 10-bit ADC, two SPIs, SSC, two-wire interface (I2C compatible), four UARTs, three general purpose timers, seven pulse width modulators and a full set of supervisory functions.
The 10/100-Mbps IEEE(R) 802.3-compliant Ethernet (MAC) allows designing networked embedded systems that communicate over internet protocol stacks. The USB 2.0 full speed (12Mbps) interface provides a means to communicate with today's PC architecture through various USB classes such as HID for serial data communication or Mass-Storage for larger bulked data transfers. The On-The-Go (OTG) capability of the UC3A USB peripheral gives further integration opportunity in a PC-centric environment with the support of standard USB devices such as USB Flash disk, pointing devices or printers.
The external bus interface (EBI) extends the addressable physical memory to 16M bytes. Its non-multiplexed 16-bit data bus can interface to high density external SRAM, SDRAM, ROM, Flash devices and memory-mapped devices such as LCDs or FPGAs.
UC3A Series MCUs have a six-layer high speed bus matrix that enables bus masters peripherals to concurrently access any bus slave at a maximum speed of 264M bytes per second at 66 MHz. The bus masters are the AVR32 UC core data and instruction interfaces, 15-channel peripheral DMA controller, and several high speed peripherals such as the Ethernet MAC and USB. The bus slaves are the on-chip SRAM and Flash memories, USB, the two peripheral bus bridges, and the external bus interface (EBI).
Development Tools. Atmel provides the GNU gcc C compiler, GNU gdb debugger, FreeRTOS.org real-time kernel and lwIP TCP/IP protocol stack for the UC3A Series family, free of charge. Commercial licenses from IAR(R) (Embedded Workbench), ExpressLogic (ThreadX(R)) and Micrium (uCOS/II) are also available. Atmel's AVR32 Studio and AVR JTAGICE mkII, provide the AVR32 UC with a multiplatform integrated development environment (IDE) already configured for the GNU tool chain, including support for more advanced debugging such as real-time trace. The EVK1100 evaluation kit provides Ethernet and USB interfaces, along with many other serial communications ports such as SPI, TWI and USARTS. A 20x4 character LCD and the expansion connector allow advanced product evaluation and prototyping activities.
Availability and Pricing. The AT32UC3A0512, with EBI, is available in a 144-pin QFP package and the AT32UC3A1512, without EBI, is available in a 100-pin QFP package. Pricing starts at US $8.16 and US $7.43 for 10,000 unit quantities, respectively.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions. Focused on consumer, industrial, security, communications, computing and automotive markets, Atmel ICs can be found Everywhere You Are(R).
NOTE: Atmel(R), logo and combinations thereof, Everywhere You Are(R), AVR(R) and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. ARM(R) is a registered trademark of ARM Ltd. Other terms and product names may be trademarks of others.
Information:
Atmel's AVR32 product information is available at
http://www.atmel.com/products/AVR32
Footnote:
IAR: http://www.iar.com/
FreeRTOS: http://www.freertos.org/
ThreadX: http://www.expresslogic.com/
Micrium: http://www.micrium.com/
lwIP: http://www.sics.se/~adam/lwip/
Press Contacts:
Philippe Faure, Marketing Communications Director - Microcontrollers
Phone: +33 2 40 18 18 87, Email: philippe.faure@nto.atmel.com
Helen Perlegos, Public Relations - USA and Asia Pacific Rim
Phone: (+1) 408 487-2963, Email: hperlegos@atmel.com
Veronique Sablereau, Corporate Communications Manager - Europe
Phone: +33 1 30 60 70 68, Fax: + 49 71 31 67 24 23
Email: veronique.sablereau@atmel.com
Atmel Corporation
CONTACT: Philippe Faure, Marketing Communications Director - Microcontrollers, +33-2-40-18-18-87, or philippe.faure@nto.atmel.com, or Helen Perlegos, Public Relations - USA and Asia Pacific Rim, +1-408-487-2963, or hperlegos@atmel.com, or Veronique Sablereau, Corporate Communications Manager - Europe, +33-1-30-60-70-68, or fax, +49-71-31-67-24-23, or veronique.sablereau@atmel.com
Web site: http://www.atmel.com/
Interwoven Names Joe Cowan CEO
SUNNYVALE, Calif., April 2 /PRNewswire-FirstCall/ -- Interwoven, Inc. , a global leader in content management solutions, announced that its board of directors has named Joseph L. Cowan as the company's chief executive officer, effective today. Mr. Cowan has also been appointed to the company's board of directors. Max Carnecchia continues to serve as Interwoven's president.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070402/CLM140 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20030430/IWOVLOGO )
Cowan brings to Interwoven a proven track record in executive management of enterprise software companies with broad product portfolios and global operations. Most recently Cowan served as chief executive officer of Manugistics Group, Inc. a leading global provider of demand and supply chain management solutions. Prior to joining Manugistics, Cowan was president and chief executive officer at EXE Technologies.
"We're very pleased to welcome Joe to the team," said Tom Thomas, chair of the CEO search committee of the Interwoven board of directors. "This is an exciting time for Interwoven. The team turned in a terrific performance in 2006, we just launched one of the most comprehensive sets of new solutions in our history, and our leadership team is the strongest it's ever been. We expect Joe's experience and expertise will accelerate the success Interwoven is enjoying. I'd also like to thank Max Carnecchia for his leadership of the organization over the last year. Max is passionate about this business, and we're excited he'll continue to contribute his intimate knowledge of our customers, partners, competitors and solutions to the team."
"Interwoven is a great company with a strong foundation for continued growth and success," said Joe Cowan, chief executive officer at Interwoven. "I'm impressed with the growing base of satisfied customers, the market- leading portfolio of products and technologies, the company's leadership position in the markets it serves, and the outstanding team of knowledgeable employees. Interwoven has a strong culture with a focus on teamwork and execution, and my goal is to provide leadership for the team so the company can achieve even greater success."
Previously, Cowan has also held management positions at Invensys, Texas Instruments, Eurotherm Corp and Monsanto. He received a Masters of Science degree in electrical engineering from Arizona State University and holds a Bachelor of Science degree in electrical engineering from Auburn University.
Cowan will join nearly 1,000 members of the Interwoven community - customers, partners, prospects and employees - at Interwoven GearUp 2007, the company's annual customer conference to be held April 25 - 27 at the Palace Hotel in San Francisco. This year's conference is themed "GearUp for Growth" and includes a Visionary Summit targeting senior marketing and technology professionals. Cowan will be a featured keynote speaker, along with executives from a number of Interwoven customers and industry visionaries. For more information on GearUp 2007, please visit http://www.interwoven.com/gearup.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking" statements, including statements regarding the impact of the hiring of a new chief executive officer. These statements are based on estimates and information available to us at the time of this press release and are not guarantees of future performance. Our forward-looking statements include management quotations, statements about customer momentum, solutions and products and statements about technology leadership. Actual results could differ materially from our current expectations as a result of many factors including: changes in key personnel; the fact that there can be no assurance as to the length, cost or outcome of the company's review of historical option grant practices and the company's accounting for its option grants, or as to the potential impact of that review (including any possible accounting impact); our ability to develop new products, services, features and functionality successfully and on a timely basis; customer acceptance of our solutions; changes in customer spending on content management initiatives; our ability to cross-sell and up- sell additional products into our installed base of customers; the success of our strategic business alliances; intense competition in our markets; the introduction of new products or services by competitors; and the ongoing consolidation in our markets. These and other risks and uncertainties associated with our business are described in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Forms 8-K, which are on file with the Securities and Exchange Commission and available through http://www.sec.gov/.
About Interwoven
Interwoven is a global leader in content management solutions. Interwoven's software and services enable organizations to effectively leverage content to drive business growth by improving the customer experience, increasing collaboration, and streamlining business processes in dynamic environments. Our unique approach combines user-friendly simplicity with robust IT performance and scalability to unlock the value of content. Today, nearly 3,800 enterprise and professional services organizations worldwide have chosen Interwoven, including: adidas, Airbus, Avaya, Cisco, DLA Piper, the Federal Reserve Bank, FedEx, HSBC, LexisNexis, Microsoft, Samsung, Shell, Samsonite, White & Case, and Yamaha. Over 19,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit http://www.interwoven.com/.
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Interwoven, Inc.
CONTACT: Media Relations - Randy Cairns, +1-408-530-5738, rcairns@interwoven.com, or Investor Relations - Brian Andersen, +1-408-530- 5801, bandersen@interwoven.com, both of Interwoven, Inc.
Web site: http://www.interwoven.com/
E-LOAN Standardizes on Salesforce.com to Create a Customer Communications HubOnline consumer direct lender relies on trusted on-demand standard to improve operations and customer response times by integrating its loan origination system with salesforce.com
SAN FRANCISCO, April 2 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in on-demand business services, today announced that E-LOAN, an online consumer direct lender, has significantly improved its loan origination operations and achieved improved customer communications by joining 1,200 other financial services companies and standardizing on the leading on-demand CRM applications from Salesforce. Now, E-LOAN can track customers and supply chain data from its loan origination system within their Salesforce applications. E-LOAN has a platform for handling critical customer-facing interactions, so loan consultants have easy access to real-time loan customer communication status, and management has a complete view of its communications pipeline.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)
E-LOAN is one of the 29,800 companies of all sizes, industries and geographies that comprised the salesforce.com customer base as of January 31, 2007. Revenue and subscribers will be recognized as the service is delivered.
"Our trained loan consultants serve dozens of customers at a time through numerous methods of communication. We are always looking for better ways to help them manage these interactions so that they can most effectively communicate with our customers and provide them with the high level of care for which E-LOAN has become known," said Jay Shah, chief information officer at E-LOAN. "Salesforce and the Apex platform easily integrated with our existing systems and helped us utilize legacy system data so that our loan consultants have a real-time view of their customer pipelines, can fully utilize all of the individual customer data and are prompted to make the next step to keep our customers apprised of their transaction status."
After integrating the Salesforce solution with its loan origination system, E-LOAN used workflow rules in Salesforce to automatically schedule loan consultant communications tasks based on ongoing updates to loan transaction data. Now loan consultants are prompted by Salesforce to call customers to lock rates, schedule appraisals, and follow up on late documents, among other activities. As a result, less time is wasted between activities and the overall transaction process is significantly shortened.
"Being proactive helps us close deals faster and also ensures our customers are receiving timely and accurate service," added Shah. "We anticipate these improvements will enable us to support a greater number of customers as our business grows, without having to add more resources or sacrifice the quality of our customer communications. We have Salesforce to thank for that."
For more information, please visit http://www.salesforce.com/industries/financial-services/index.jsp, or call 1-800-NO-SOFTWARE.
About E-LOAN:
E-LOAN is an online consumer direct lender dedicated to providing consumers with a simple, easy and open way to obtain mortgage, auto loans, home equity loans, and online savings and certificate of deposit accounts. Since its launch in 1997, E-LOAN has drawn upon its pro consumer values to improve the lending and online savings experience in revolutionary ways. By eliminating the traditional incentive structure to charge consumers higher rates, giving consumers free access to credit scores and eliminating lender fees, E-LOAN is providing a uniquely open, fair and honest process. Protecting consumers' financial privacy is also a paramount concern, leading E-LOAN to implement industry leading privacy practices and advocate strong consumer financial privacy protection laws. Consumers have recognized E-LOAN for its trustworthiness and respect for customers. Three independent studies conducted by TRUSTe and The Ponemon Institute ranked E-LOAN as one of the Top 20 Most Trusted Companies for Privacy in America. In another independent study conducted by The Customer Respect Group, E-LOAN received the overall highest rating in the Online Customer Respect Study of North America's largest financial services firms. Since it started its operations, E-LOAN has originated and sold over $32 billion in mortgage and consumer loans. E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc. http://www.popularinc.net/, a full service financial services provider with operations in Puerto Rico, the United States, the Caribbean and Latin America. E-Loan's deposit products are insured with the FDIC through Banco Popular North America. To find out more about E-LOAN and its products and services, logon to http://www.eloan.com/ or call 1-888-533-5333.
Apex and the AppExchange
Apex is the on-demand platform for the next generation of business applications. Apex reinvents traditional customization and integration and enables a whole new generation of on-demand applications that go beyond CRM. All Apex components and applications can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory, enabling all the innovation that Apex unleashes to benefit the entire on-demand community.
More than 550 applications are now available on salesforce.com's AppExchange, the world's first on-demand application directory, found at http://www.salesforce.com/appexchange.
The Apex on-demand platform is generally available today. The Apex programming language is available today for developer preview, and is currently scheduled to be available in beta to salesforce.com customers later in 2007.
About salesforce.com
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. Apex, the world's first on-demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. All Apex components and applications can be easily shared, exchanged and installed via salesforce.com's AppExchange directory, available at http://www.salesforce.com/appexchange. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.
As of January 31, 2007, salesforce.com manages customer information for approximately 29,800 customers and approximately 646,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL), Avis Budget Group, Inc, Dow Jones Newswires, Nokia, Polycom and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Salesforce.com is a registered trademark of salesforce.com, and Apex, AppExchange, The Business Web, IdeaExchange and Successforce are trademarks of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.
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salesforce.com
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Photonic Products Group, Inc. Reports Profitable FY 2006
NORTHVALE, N.J., April 2 /PRNewswire-FirstCall/ -- Photonic Products Group, Inc. (BULLETIN BOARD: PHPG) today reported its consolidated, audited, financial results for its fiscal year which ended December 31, 2006.
Revenues in fiscal year 2006 were $13,921,000, up slightly compared with $13,785,000 last year.
Pre-tax income for the year was $793,000, compared to a loss of ($11,000) in 2005. Income in 2006 included a $300,000 insurance recovery, the policy maximum, under the Company's employee dishonesty coverage. This "one-time" component of income was largely offset by non-recurring expenses during the year for investigation of the same employee matter and related remediation of certain of the Company's internal controls. Net income in 2005 included a profit of $134,000 from the sale of non-productive production assets.
Net income in 2006 was $772,000, after an income tax provision of $21,000, and was a net loss of ($11,000) in 2005.
Gross profit margin for the year improved to 32.6% from 27.8% in 2005, and gross profit in dollar terms was up 19%. Income from operations increased to $917,000, up 156% from last year's $358,000.
Both basic and diluted EPS, on net income after accounting for the common stock dividend on preferred stock, were $0.07 and $0.06 in 2006, respectively, compared with a net loss (both basic and diluted) of $(0.02) per share in 2005.
Net cash flow from operating activities was $2,672,000 for the year, compared with $360,000 in 2005. The Company's cash balance at the end of the year was $3,078,000, including a net increase of $336,000 in customer advances, compared with $1,157,000 at the end of 2005.
EBITDA(1) for the year rose to $2,412,000, up from $1,485,000 in 2005 and $303,000 in 2004.
The Company reported revenues for its fourth quarter of $3,677,000, compared with revenues of $3,863,000 in the same period a year ago. Net income for the fourth quarter was $391,000 in 2006, compared with $342,000 in 2005, the Company's sixth successive quarter with positive net income. Basic earnings per share for the fourth quarter were positive at $0.05, while fully diluted earnings per share were $0.04. This compares with basic and diluted income per share of $0.05 and $0.03, respectively, in the fourth quarter of 2005.
Dan Lehrfeld, President and CEO of PPGI commented, "We finished our best year to date with strongly positive results in our fourth quarter. Revenues for the year were up a bit to a new record, and our gross and net margins were up significantly. Our customers are our first priority, but continual improvement of productivity and efficiency in operations has been our second point of focus. We have been profitable for the past six fiscal quarters, and 2006 marked our return to profitability for the year as a whole. EBITDA(1) reached 17% of sales, also a new record. Our order intake for the year was $13.3 million and it lagged 2005's record levels by 13% on weak fourth quarter bookings. But it was our second highest annual order intake ever, as was our ending backlog of $7.0 million. Quarterly ups and downs are typical, especially in our largest market sector, defense/aerospace. Cash flow from operations was strongly positive, and also a record. We ended the year with a large cash position and have been steadily paying-off the high interest debt components on our balance sheet. We also deployed nearly a million dollars into internal capital investments. The Company dealt rapidly and thoroughly with the internal control issue surrounding the misappropriation of funds matter we uncovered and reported on early in 2006. No financial restatements were necessary, and I am pleased to report our internal controls have been restored."
Mr. Lehrfeld added, "In optical terms, we narrowed our field of view and sharpened our focus in 2006. Specifically, we concentrated on current operations and targeted a firmly profitable year, increased margins, and increased cash flow, while pursuing further revenue growth through organic means alone. I look forward in 2007 to our again delivering positive financial results, and continued growth."
(1) Note Regarding Use of Certain Non-GAAP Financial Measures:
The Company defines EBITDA as earnings before non-cash, stock-based compensation, net interest, income taxes, depreciation, and amortization. EBITDA is presented herein because it is a measure of PPGI's ability to internally fund capital expenditures and service debt. EBITDA should not be considered as an alternative to cash flow as an indicator of PPGI's financial performance, or of the Company's liquidity. The reader is referred to the Supplemental Financial Data set forth below for a reconciliation of net income to EBITDA.
At December 31,
Reconciliation of EBITDA
to Net Income 2006 2005 2004
Net income (loss),
as reported $ 772,000 $ (11,000) $ (673,000)
Non-cash, stock-based
compensation 118,000 21,000 -
Non-GAAP based Net income
(loss) 890,000 10,000 (673,000)
Income tax provision
(benefit) 21,000 - (96,000)
Interest expense 402,000 505,000 359,000
Depreciation and
Amortization 1,099,000 970,000 713,000
EBITDA $2,412,000 $1,485,000 $ 303,000
Photonic Products Group, Inc. develops, manufactures, and markets products and services for use in diverse Photonics industry sectors via its expanding portfolio of distinctly branded businesses. INRAD specializes in crystal-based optical components and devices, laser accessories and instruments. Laser Optics specializes in precision custom optical components, assemblies, and optical coatings. MRC Optics' business specializes in precision diamond turned optics, metal optics, and opto-mechanical and electro-optical assemblies. PPGI's customers include leading corporations in the Defense and Aerospace, Laser Systems, and Process Control and Metrology sectors of the Photonics Industry, as well as the U.S. Government. Its products are also used by researchers at National Laboratories and Universities world-wide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The 2004 preliminary financial information contained in this news release are subject to finalization in connection with the preparation of the Company's Form 10K for the year ended 2004. The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expects", "will", "plan", "targeting" or similar words. Such forward-looking statements, such as our expectation for continued growth in sales, income, and EBITDA, our expectation that these metrics will rise as the year progresses, and our expectation that the year will be profitable, involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the company's products or the products of its customers, future actions by competitors, inability to deliver product on time, inability to implement its growth strategies or to integrate its new operations, inability to make acquisitions, inability to realize synergies from its acquisitions, inability to raise capital, inability to retain key employees, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for 2006. The forward looking statements made in this news release are made as of the date hereof and Photonic Products Group, Inc. does not assume any obligation to update publicly any forward looking statement.
PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2006 2005
Assets
Current assets:
Cash and cash equivalents $3,078,052 $1,156,563
Accounts receivable (after allowance for
doubtful accounts of
$15,000 in 2006 and 2005) 2,396,486 2,265,934
Inventories 2,336,033 2,423,879
Other current assets 176,587 153,723
Total Current Assets 7,987,158 6,000,099
Plant and equipment:
Plant and equipment at cost 13,459,212 12,472,480
Less: Accumulated depreciation
and amortization (9,164,031) (8,143,592)
Total plant and equipment 4,295,181 4,328,888
Precious Metals 130,732 130,732
Goodwill 1,869,646 1,869,646
Intangible Assets, net of accumulated
amortization 908,708 987,272
Other Assets 124,835 164,384
Total Assets $15,316,260 $13,481,021
Liabilities and Shareholders' Equity
Current Liabilities:
Current portion of notes payable -Other $100,079 $260,697
Accounts payable and accrued liabilities 2,495,398 2,426,692
Customer advances 987,963 652,264
Current obligations under capital leases 196,350 248,550
Total Current Liabilities 3,779,790 3,588,203
Related Party Convertible and
Secured Notes Payable 5,200,000 5,200,000
Notes Payable - Other,
net of current portion 1,052,680 518,786
Capital Lease Obligations,
Net of Current Obligation 47,087 244,625
Total Liabilities 10,079,557 9,551,614
Commitments - -
Shareholders' equity:
10% convertible preferred stock,
Series A no par value; 500 shares
issued and outstanding 500,000 500,000
10% convertible preferred stock,
Series B no par value; 2,082 shares
issued and outstanding at December 31,
2006 and 2,100 issued and outstanding
at December 31, 2005 2,082,000 2,100,000
Common stock: $.01 par value;
60,000,000 authorized shares 7,882,074
issued at December 31, 2005 and 7,287,398
issued at December 31, 2005 78,820 72,862
Capital in excess of par value 11,926,815 11,145,243
Accumulated deficit (9,335,982) (9,873,748)
5,251,653 3,944,357
Less - Common stock in treasury,
at cost (4,600 shares) (14,950) (14,950)
Total Shareholders' Equity 5,236,703 3,929,407
Total Liabilities & Shareholders' Equity $15,316,260 $13,481,021
PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Years Ended December 31,
2006 2005 2004
Revenues
Net sales $13,921,127 $13,785,057 $ 9,221,857
Cost and Expenses
Cost of goods sold 9,377,313 9,956,125 6,618,506
Selling, general and
administrative expense 3,627,244 3,450,224 2,916,056
Internal research and
development expense - 20,279 97,685
13,004,557 13,426,628 9,632,247
Operating profit (loss) 916,570 358,429 (410,390)
Other income (expense)
Interest expense, net (402,154) (504,509) (358,940)
Settlement of insurance
claim 300,000 - -
Gain on sale of
precious metals - 135,931 -
Other (21,150) (1,249) 49
(123,304) (369,827) (358,891)
Income (loss) before income
tax provision (benefit) and
preferred stock dividends 793,266 (11,398) (769,281)
Income tax provision
(benefit) 21,000 - (96,344)
Net income (loss) 772,266 (11,398) (672,937)
Preferred stock dividends (234,500) (134,000) (164,820)
Net income (loss) applicable
to common shareholders $ 537,766 $ (145,398) $ (837,757)
Net income (loss) per
share - basic $ 0.07 $ (0.02) $ (0.15)
Net income (loss) per share
- diluted $ 0.06 $ (0.02) $ (0.15)
Weighted average shares
outstanding - basic 7,572,637 7,218,244 5,710,354
Weighted average shares
outstanding - diluted 11,915,090 7,218,244 5,710,354
PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,
2006 2005 2004
Cash flows from operating
activities:
Net income (loss) $ 772,266 $ (11,398) $ (672,937)
Adjustments to reconcile net
income (loss) to cash
provided by operating activities:
Depreciation
and amortization 1,099,003 1,025,074 713,080
Gain on sale of
precious metal - (135,931) -
401K common stock
contribution 150,501 68,780 12,945
Stock option acceleration
expense - 21,298 -
Share-based compensation 117,687 - -
Change in allowance
for doubtful accounts - (73,000) -
Inventory reserve 102,817 (254,526) 372,106
Changes in assets and liabilities:
Accounts receivable (130,552) (744,939) (10,756)
Inventories (14,971) 309,720 (486,535)
Unbilled contract costs - - 191,767
Other current assets (22,864) (66,184) (10,599)
Other assets 39,549 28,981 28,133
Accounts payable and
accrued liabilities 222,718 81,740 599,590
Customer advances 335,699 110,546 (105,291)
Total adjustments 1,899,587 371,659 1,304,440
Net cash provided by
operating activities 2,671,853 360,261 631,503
Cash flows from
investing activities:
Capital expenditures (986,732) (453,615) (1,013,569)
Proceeds from sale of
precious metals - 314,764 -
Cash used for business
acquisition, net - - (732,000)
Net cash used in
investing activities (986,732) (138,851) (1,745,569)
Cash flows from financing
activities:
Net proceeds (uses)
from issuance of
common stock 112,830 (19,492) 1,172,984
Proceeds from secured
notes payable 700,000 - -
Proceeds from senior
convertible debentures - - 1,000,000
Principal payments of
notes payable (326,724) (166,515) (847,907)
Principal payments of
bank debt
Principal payments of
capital lease obligations (249,738) (272,347) (99,664)
Net cash provided by
(used in) financing
activities 236,368 (458,354) 1,225,413
Net increase (decrease)
in cash and cash
equivalents 1,921,489 (236,944) 111,347
Cash and cash equivalents
at beginning of the year 1,156,563 1,393,507 1,282,160
Cash and cash equivalents
at end of the year $3,078,052 $1,156,563 $1,393,507
Photonic Products Group, Inc.
CONTACT: Daniel Lehrfeld, President and CEO of Photonic Products Group, Inc., +1-201-767-1910, fax, +1-201-767-9644, dlehrfeld@ppgrpinc.com
Web site: http://www.ppgrpinc.com/
Harris Interactive Extends European Capabilities with Acquisition of German Online Market Research Firm MediaTransfer AGNoteworthy points on MediaTransfer acquisition:- Headquartered in Hamburg, Germany - with approximately 50 full-time employees- Provides stronger access into the $2.2 billion German market - the world's fourth largest- Fast growing - high-profit firm with approximately $6 million (USD) revenue in CY2006- Conducting online research since 1999 - with over 90% of revenue now Internet-based- 250,000 member, highly diverse online research panel- Extensive CPG research expertise, methodologies and technologies- Will join Harris Interactive Europe under the Harris Interactive brand
ROCHESTER, N.Y. and HAMBURG, Germany, April 2 /PRNewswire-FirstCall/ -- Harris Interactive(R) has acquired MediaTransfer AG Netresearch & Consulting, a private European online research firm based in Hamburg, Germany which will provide access into the $2.2 billion German market research market - the fourth-largest in the world.
MediaTransfer was founded in 1996, and has been conducting online research since 1999. The firm generated approximately $6 million (USD) in revenue in calendar 2006, 92% of which was derived from Internet-based research. The firm has extensive experience and deep expertise in the CPG industry, including the application of proprietary technology that creates virtual retail shopping simulations to test package design, shelf placement configurations, pricing etc. In addition to its strong CPG practice, MediaTransfer has proven expertise in telecom, financial services and pharmaceutical research.
"Adding MediaTransfer to the Harris Interactive family will expand our access into the European research market and enable us to better serve our multinational clients," stated Gregory T. Novak, president and CEO of Harris Interactive. "Their deep experience in conducting online research, their 250,000 member online panel, their rich CPG expertise and their innovative visualization technology will be strong additions to our global solutions portfolio."
"This is a big plus for our customers as well," stated Dr. Thomas Rodenhausen, spokesman of the board at MediaTransfer AG Netresearch & Consulting. "By joining forces with Harris Interactive, MediaTransfer will now be able to offer our clients more of what they're looking for in a research partner: access to vastly expanded international capabilities, a much larger online panel and a complete portfolio of proven research tools."
Harris Interactive paid EUR 9 million (about $12 million USD) in the all- cash deal for the firm, which has excess net working capital of approximately EUR 1 million and no debt.
The MediaTransfer employees will join the Harris Interactive Europe organization, and remain in their current location.
About Harris Interactive
Harris Interactive is the 12th largest and fastest-growing market research firm in the world. The company provides innovative research, insights and strategic advice to help its clients make more confident decisions which lead to measurable and enduring improvements in performance. Harris Interactive is widely known for The Harris Poll, one of the longest running, independent opinion polls and for pioneering online market research methods. The company has built what it believes to be the world's largest panel of survey respondents, the Harris Poll Online. Harris Interactive serves clients worldwide through its United States, Europe and Asia offices, its wholly-owned subsidiaries Novatris in France and MediaTransfer AG in Germany, and through a global network of independent market research firms. The service bureau, HISB, provides its market research industry clients with mixed-mode data collection, panel development services as well as syndicated and tracking research consultation. More information about Harris Interactive may be obtained at http://www.harrisinteractive.com/. To become a member of the Harris Poll Online and be invited to participate in online surveys, register at http://www.harrispollonline.com/ .
About MediaTransfer AG Netresearch and Consulting
Founded in 1996, MediaTransfer AG Netresearch & Consulting specializes in online market research. Worldwide online panels allow MediaTransfer AG Netresearch & Consulting to offer clients from many different industries such as consumer and durable goods, telecommunications, financial services and automobile international market research, one stop. We provide competent and flexible support for our customers throughout the entire marketing process. Further information can be obtained from: http://b2b.mediatransfer.de/en Click here for the online shelf test demo.
Contacts - Harris Interactive
Dan Hucko
SVP, Corporate Communications - Investor Relations
585-214-7470
800-866-7655 x7470
Nancy Wong
Senior Manager - Public Relations
585-214-7316
800-866-7655 x7316
nwong@harrisinteractive.com
Safe Harbor Statement
This media release includes statements that may constitute forward-looking information. We caution you that these forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed. Additional detailed information concerning a number of factors that could cause actual results to differ is readily available in the "Risk Factors" section of the most recent Annual Report on form 10-K filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934.
Harris Interactive Inc. 4/07
Harris Interactive
CONTACT: Dan Hucko, SVP, Corporate Communications - Investor Relations, +1-585-214-7470, 1-800-866-7655 x7470, or Nancy Wong, Senior Manager - Public Relations, +1-585-214-7316, 1-800-866-7655 x7316, nwong@harrisinteractive.com
Web site: http://www.harrisinteractive.com/
Altera Opens 30th Joint Laboratory and Training Center in ChinaFuture Engineers to Learn About Programmable Logic Advantages Through Education and Hands-On Experience
HONG KONG, April 2 /PRNewswire-FirstCall/ -- Altera Corporation today announced the opening of the Joint Laboratory and Training Center (JLTC) at South China Normal University in China -- the 30th such training center Altera has established in the country. Part of Altera's worldwide University Program, the JLTCs are equipped with the latest Altera(R) Quartus(R) II software and development kits to aid professors in conducting hands-on training with students.
"This is an outstanding contribution to overall PLD education in China," said Professor Liu Ming, vice president of South China Normal University. "The joint labs and training centers will enable design engineering students to build their expertise in FPGA and structured ASIC design methodology. The joint labs are also beneficial to China's success in the increasingly competitive global electronics marketplace."
"China represents a strategic area of growth for Altera, as it is quickly becoming a center of innovation," said David Shen, Altera's vice president and managing director, Asia Pacific. "We are committed to educating China's future workforce, as engineers at OEMs, start-ups and design houses in China are increasing their use of programmable technology for their time-to-market and cost advantages."
Joint Laboratory and Training Centers in China
Education and training are among Altera's top priorities in China. As a part of Altera's long-term commitment to providing world-class technology and education to Chinese engineers, 30 JLTCs have been established in China since 2004.
Date of University Name of the JLTC Province
Establishment
March 25, 2004 University of EDA-SOPC Sichuan
Electronic Science Joint Lab
and Technology
of China
June 20, 2004 South China University SOPC/DSP Joint Guangdong
of Technology Lab and
Training Center
Sep. 20, 2004 Chongqing University EDA-SOPC Joint Chongqing
Lab
Oct. 20, 2004 Jiangsu University PLD and SOPC Jiangsu
Joint Lab
Nov. 22, 2004 Northwestern EDA-SOPC Joint Shanxi
University Lab
March 15, 2005 Xi'an Institute of SOPC Joint Lab Shanxi
Post and
Telecommunication
March 31, 2005 Shanghai Jiaotong Student Shanghai
University Innovation Lab
April 13, 2005 Hangzhou Dianzi EDA-SOPC Joint Zhejiang
University Lab
May 27, 2005 Beijing Jiaotong SOPC/DSP Joint Beijing
University Lab
Aug. 18, 2005 Tsinghua University SOPC/DSP Joint Beijing
Lab
Oct. 18, 2005 Guilin University of Digital System/ Guangxi
Electronic Technology SOPC Joint Lab
Oct. 20, 2005 Shanghai Jiaotong EDA-SOPC Joint Shanghai
University Lab
Dec. 07, 2005 Shandong University SOPC/IA Joint Shandong
of Science and Lab
Technology
March 29, 2006 Xidian University EDA/SOPC Joint Shanxi
Lab and
Training Center
April 27, 2006 Wuhan Institute SOPC Joint Lab Hubei
of Technology
April 27, 2006 Wuhan University EDA/SOPC Joint Hubei
of Science and Lab
Engineering
May 18, 2006 North China EDA/SOPC Joint Beijing
University of Lab
Technology
June 13, 2006 Beijing University EDA/SOPC Joint Beijing
of Technology Lab
Sept. 15, 2006 Northeastern EDA/SOPC Joint Liaoning
University Lab and Training
Center
Sept. 19, 2006 Peking University SOPC Joint Lab Guangdong
Shenzhen Graduate and Training
School Center
Oct. 29, 2006 Southwestern Jiaotong EDA/SOPC Joint Sichuan
University Lab
Nov. 2, 2006 South-Central EDA/SOPC Joint Hubei
University for Lab
Nationalities
Nov. 2, 2006 Huazhong University EDA/SOPC Joint Hubei
of Science and Lab and Training
Technology Center
Nov. 10, 2006 East China Normal EDA/SOPC Joint Shanghai
University Lab
Nov. 22, 2006 Harbin Institute EDA/SOPC Joint Heilongjiang
of Technology Lab
Dec. 1, 2006 Southeastern University EDA/SOPC Joint Jiangsu
Lab and Training
Center
Jan. 15, 2007 Harbin University EDA/SOPC Joint Heilongjiang
of Science and Lab
Technology
March 13, 2007 Zhejiang University EDA/SOPC Joint Zhejiang
of Technology Lab
March 20, 2007 Guangdong University EDA/SOPC Joint Guangdong
of Technology Lab
March 21, 2007 South China Normal EDA/SOPC Joint Guangdong
University Lab
In addition, Altera will continue to sponsor the annual Professor Conference and Nios(R) II Embedded Processor Design Contest in China to help professors and students better understand and master Altera's latest technology and product development solutions. To learn more about Altera's university program, visit http://www.altera.com/education/univ/unv-index.html.
About Altera
Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more at http://www.altera.com/.
Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries. ModelSim is a trademark of Mentor Graphics Corporation. All other product or service names are the property of their respective holder.
Lisa Liu
Altera Corporation
(852) 2945-7031
liliu@altera.com
Altera
CONTACT: Lisa Liu of Altera Corporation, +852-2945-7031, liliu@altera.com
Web site: http://www.altera.com/
Ikanos' Multi-mode VDSL2 Solutions Selected by DASAN NetworksCO and CPE Chipsets Support Korean and Worldwide Upgrades to Symmetric 100 Mbps
FREMONT, Calif., April 2 /PRNewswire-FirstCall/ -- Ikanos Communications, Inc. , a leading developer and provider of Fiber Fast(TM) broadband solutions, today announced that leading Korean equipment manufacturer DASAN Networks has selected the Ikanos multi-mode VDSL2 central office (CO) and customer premises equipment (CPE) chipsets for its next generation equipment. Ikanos' solutions enable DASAN to offer universal 100/100 VDSL2 DSLAMs, concentrators, CPE and residential gateways for deployment in Korea and the rest of the world.
DASAN chose Ikanos' Fx(TM)100100-5 VDSL2 CO and Fx(TM)100100S-5 VDSL2 CPE chipsets for their ability to offer what the company believes to be the best feature set, performance, reliability and the lowest power consumption per port in the industry.
"Ikanos' VDSL2 chipsets offer the best performance and reliability in the industry," said Yoo Choon Yul, COO of DASAN Networks. "By designing with Ikanos' field-proven Fx100100-5 and Fx100100S-5 chipsets, we are able to ensure that our customers are receiving the best products, with the most functionality available on the market today. Additionally, by investing in Ikanos' hardware and software, we are able to reduce our time to market while providing VDSL2-compliant solutions to customers around the world."
"Ikanos continues to maintain leading VDSL2 market share in Korea, a showcase for the world's most progressive broadband deployments," said Daniel K. Atler, CEO of Ikanos. "Ikanos' technology has been a staple in the broadband solutions offered by Korea's top service providers. Having our chipsets selected repeatedly by DASAN speaks for Ikanos' technology leadership."
About DASAN Networks (http://www.dasannetworks.com/)
DASAN Networks is the largest networks equipment manufacturer in Korea. Siemens acquired DASAN Networks in May 2004 in order to supply network applications into the global market and now there are about 500 employees including 250 engineers. DASAN Networks offers Networking Solutions and TPS Solutions which are flexible to respond to rapidly changing market conditions and diverse customer requirement. To be the leading network innovator, DASAN Networks will continue to explore and utilize our full potential and core capabilities.
About Ikanos Communications, Inc.
Ikanos Communications, Inc. develops chipsets that enable carriers to offer Fiber Fast(TM) bandwidth and high-speed network processing for enhanced triple play services. Supporting transmission rates of up to 100 Mbps, Ikanos' line of end-to-end silicon solutions power line terminals, CPE modems and residential gateways for many of the world's leading network equipment manufacturers. Ikanos' solutions enable fast and cost-effective carrier rollouts of interactive broadband services including IPTV.
(C) 2007 Ikanos Communications, Inc. All Rights Reserved. Ikanos Communications, Ikanos, the Ikanos logo, SmartLeap, Eagle, Fusiv, CleverConnect, Ikanos Programmable Operating System, Fx, FxS, VLR and Fiber Fast are among the trademarks or registered trademarks of Ikanos.
Cautionary Statement
This press release contains forward-looking statements that involve substantial risk and uncertainty regarding the chipset and chipset features, the ability of DASAN to quickly offer products capable of symmetrical speeds of up to 100 Mbps that support infrastructure upgrades to VDSL2, and Ikanos' continued leadership in delivering high-performance VDSL2 products. This forward-looking statement is subject to a number of assumptions, uncertainties and risks, including continued future growth of the broadband market, market acceptance of new VDSL products, competitive factors in the broadband market and the continued growth of Ikanos. One should not rely upon forward-looking statements as predictions of future events. For a further discussion of the risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. We cannot assure that the events and circumstances reflected in the forward-looking statement will be achieved or occur, nor do we undertake any obligation to update any forward-looking statements for any reason after the date of this press release.
Ikanos Communications, Inc.
CONTACT: Susan Lehman of Rockpoint Public Relations, +1-510-832-6006, susan@rockpointpr.com, for Ikanos Communications, Inc.; or Margo Westfall of Ikanos Communications, Inc., +1-510-438-6276, mwestfall@ikanos.com
Web site: http://www.ikanos.com/ http://www.dasannetworks.com/
New Functionality in Oracle(R) E-Business Suite Release 12 Targets Process ManufacturersIntroduction of Manufacturing Execution System Enables Companies to Gain Better Operational Control and Achieve Regulatory Compliance
REDWOOD SHORES, Calif., April 2 /PRNewswire-FirstCall/ -- Oracle today announced the availability of broad new capabilities for processes manufacturers within Oracle(R) E-Business Suite Release 12, including a new Manufacturing Execution System (MES) designed to give customers better control and lower operating costs. This latest release delivers new capabilities, allowing organizations to simplify compliance processes, increase performance for lean, global operations, develop and execute enterprise-wide plans and improve product innovation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
"With this release, Oracle relied heavily on our customer insight to capture industry specific functionality. Many new features were added to deepen the functionality in process industries including food and beverage, chemicals, pharmaceuticals and biotech, metals and natural resources," said Oracle Vice President, Process Manufacturing Industries Doug Souza. "Oracle E-Business Suite Release 12 offers many, new process-industry capabilities enabling our manufacturing customers to lower operating costs, increase efficiencies and effectively compete in today's global economy."
Streamline Compliance, Increase Competitiveness
Faced with increased competition and changing markets, process manufacturers are under continuous pressure to efficiently deliver high quality products, maintain margins and achieve regulatory compliance. Oracle(R) E-Business Suite Release 12 introduces a new application, Oracle Manufacturing Execution System for Process Manufacturing, which is completely integrated with Oracle Process Manufacturing. Customers can become more efficient, implement better controls and meet compliance regulations by linking standard operating procedures and shop floor execution. With Oracle Manufacturing Execution System for Process Manufacturing, these benefits are available without having to purchase a third-party MES system requiring expensive integration. Customers can also improve product quality and compliance with workflow-driven sampling notifications and critical manufacturing deviations tracking.
Better Manage Global Operations
Process manufacturers need a completely integrated, global view of customers, suppliers and operations to make accurate, timely decisions. Oracle E-Business Suite Release 12 introduces a unified data model that allows access to the full range of Oracle manufacturing applications. This gives both process and discrete manufacturing companies an enterprise-wide view, enabling decision-makers to quickly respond to changes in production, supply and customer demand. Oracle Enterprise Asset Management for Process enables process companies to maximize efficiency and availability of assets by utilizing integrated production and maintenance planning, purchasing and project management functionality.
Oracle E-Business Suite Release 12 also includes new enhancements to Oracle Warehouse Management allowing process companies to better manage lots and specification-based inventory. Companies can easily match customer requirements to specific inventory, and efficiently track, pick and ship attribute-based lots.
Execute Holistic Planning and Logistic Strategies
Process manufacturers are challenged with supply chain complexities including shelf life limitations, product customizations and regulatory surveillance. This latest release delivers new, industry-specific enhancements to Oracle Advanced Supply Chain Planning, including sequence-dependent setups, shelf life and support for complex process routings to help customers overcome these challenges and optimize production and logistics.
A new distribution planning capability in Oracle Advanced Supply Chain Planning includes support for fair share allocation, multiple inventory policies, circular sourcing, global forecasting with local allocation of supply and ship method selection. Customers can use out-of-the-box integration between Oracle Process Manufacturing and Oracle Production Scheduling to pre-empt supply chain disruptions and maximize shop floor efficiency and throughput while minimizing cost. Other enhancements include process-specific features such as support for vessel filling and emptying, and processing time.
Improve Product Innovation and Differentiation
With Oracle E-Business Suite Release 12, process manufacturers benefit from a new, Least Cost Formulation module that optimizes material usage and cost. This capability generates a formulation from a list of alternative ingredients based on a true optimization of cost and other technical or quality parameters. The Least Cost Formulation capability finds the best ingredients based on the attributes of the available materials and the constraints defined by the customer.
Process manufacturers are also equipped to speed product innovation with Oracle Product Lifecycle Management, relying on features such as Idea Management, New Item Introduction Workflow and Lifecycle Management. Additionally, Oracle Product Information Management Data Hub allows process manufacturing companies to eliminate product data fragmentation while tracking customer requirements.
General Availability
The new process manufacturing capabilities within the Oracle E-Business Suite Release 12 are currently available. Terms, conditions and restrictions apply.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle Corporation
CONTACT: Jessica Moore of Oracle, +1-650-506-8741, jessica.moore@oracle.com; or Catherine Griffin of Zeno Group, +1-415-369-8125, catherine.griffin@zenogroup.com, for Oracle
Web site: http://www.oracle.com/
NASA Awards GTSI Two Multi-award Prime SEWP-IV Contracts Valued at $5.6 Billion EachGTSI to provide high-end networking, wireless, and unified communications enterprise solutions
CHANTILLY, Va., April 2 /PRNewswire-FirstCall/ -- GTSI Corp. an enterprise solutions and services provider, announced that The National Aeronautics and Space Administration (NASA) Goddard Space Flight Center (GSFC) contracting office awarded GTSI two contracts for the Solutions for Enterprise-Wide Procurement (SEWP-IV). This re-compete win for GTSI provides for the latest mission critical technology solutions for all federal agencies. Each contract is worth approximately $5.6 Billion over a seven-year period.
"GTSI has a remarkable history having worked with NASA for over 15 years. We are proud to have won these contracts and supported our government customer with critical infrastructure solutions and services," said Scott Friedlander, GTSI Executive Vice President. "There is pent up demand for the development and delivery of technology applications and SEWP provides our customers the flexibility to obtain them. And, to meet that demand, GTSI will be offering a wide range of solutions and services to specifically address the enterprise level networking, wireless, unified communications and video conferencing to assist NASA and all federal agencies in meeting their mission objectives."
GTSI's enterprise infrastructure solutions incorporate technologies and services to support, interconnect, and enhance enterprise computing, networking, and advanced video solutions. GTSI will design solutions in these areas to maximize the best and most reliable technology for wireless and unified communications and collaboration, network management, support, and security. GTSI will also provide a wide range of high-quality video and conference capabilities including video production and distribution, plus high-definition, and additional high-end content management/editing systems for use in production.
"Best of all," said Mr. Friedlander, "GTSI's unique Technology Lifecycle Management System (TLM) system, available to all agencies, will allow them to extend the life and usefulness of all these solutions."
"We have dedicated Enterprise Solutions Groups within GTSI with expertise specific to networking, unified communications, conferencing, enterprise computing, and other critical solution areas," said Mohamed Elrefai, GTSI Vice President of Enterprise Solutions Groups. "Furthermore, we have an entire Programs and Services division which includes certified project and program managers to make sure our customers get the most value for their technology investments."
GTSI has held one or more NASA SEWP contract continuously since the first SEWP contract was awarded in 1991. The Company has supported and delivered enterprise computing solutions and services on all subsequent SEWP procurements. SEWP-IV is an indefinite delivery, indefinite quantity (IDIQ) contract and provides for commercial Firm Fixed Price (FFP). It calls for GTSI to provide complete solutions to complement NASA's enterprise environment.
About GTSI Corp.
GTSI Corp. is the first information technology solutions provider offering a Technology Lifecycle Management (TLM) approach to IT infrastructure solutions delivered through industry-leading professional and financial services. GTSI employs a proactive, strategic methodology that streamlines technology lifecycle management, from initial assessment to acquisition, implementation, refresh, and disposal. TLM allows government agencies to implement solutions of national and local significance quickly and cost- effectively. GTSI's certified engineers and project managers leverage strategic partnerships with technology innovators. These experts use proven, repeatable processes to design, deploy, manage, and support simple to complex solutions, to meet governments' current and future requirements and business objectives. GTSI is headquartered in Northern Virginia, outside of Washington, D.C. Further information about the Company is available at http://www.gtsi.com/About.
GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other Countries. All trade names are the property of their respective owners.
GTSI Corp.
CONTACT: Paul Liberty, +1-703-502-2540, paul.liberty@gtsi.com, or Fern Krauss, +1-703-502-2054, +1-301-424-9140, fern.krauss@gtsi.com, both of GTSI Corp.
Web site: http://www.gtsi.com/ http://www.gtsi.com/About
Bridgetech Partners With Formosa Biomedical to Distribute Leading Edge Medical Diagnostic and Therapeutic Technologies in Taiwan
SAN DIEGO, April 2 /PRNewswire-FirstCall/ -- Bridgetech Hong Kong Limited (Bridgetech HK), wholly-owned by Bridgetech Holdings International Inc. (OTC Pink Sheets: BGTH), has entered into a long-term strategic alliance agreement with Formosa Biomedical Technology Corporation (FBC) to distribute leading edge medical diagnostic and therapeutic technologies to Taiwan consumers and medical professionals.
FBC is the medical technology subsidiary of Formosa Plastics Group (FPG), a leading Taiwan-based conglomerate with businesses in manufacturing, health care, and medical technologies. FPG also operates a network of hospitals in Taiwan.
Err-Cheng Chan, Executive Vice President of FBC, said, "Formosa Plastics Group has an extensive presence in the Taiwan medical sector and we are excited to have entered into this long-term strategic alliance with Bridgetech. The Group owns around 10,000 hospital beds and accounts for 10% of all patients and 10% of pharmaceuticals consumed in Taiwan."
"We believe that the network of hospitals in Taiwan under Formosa Plastics Group will allow for an effective distribution of our drugs and diagnostic devices which, in turn, will benefit the Taiwanese consumers and medical professionals," commented Michael Chermak, Chairman and CEO of Bridgetech Holdings International Inc. "To strengthen our commitment to this strategic alliance with FBC, we have already established Bridgetech Medicines Limited to handle local operations in Taiwan," added Chermak.
About Bridgetech Holdings International, Inc.
Bridgetech is leveraging its extensive network of relationships in China and the U.S. to capitalize on the demand for Western healthcare in Greater China. The company is bringing emerging drugs, devices and diagnostics to Greater China, with an initial focus on oncology. For additional information, please visit Bridgetech at http://www.bthi.com/.
About Formosa Biomedical Technology Corporation
FBC aims at developing and manufacturing high-tech, high quality, safe and healthy products by integrating the three major resources of Formosa Plastics Group in manufacturing, academic studies and clinical research and services. For additional information, please visit FBC at http://www.fbc.com.tw/.
Forward-Looking Statements
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of Bridgetech. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Contacts:
Media Relations: Vince Heald, Beck Ellman Heald - 858-453-9600
vheald@behmedia.com
Investor Relations: Redwood Consultants, LLC - 415-884-0348
Bridgetech Holdings International, Inc.
CONTACT: media, Vince Heald of Beck Ellman Heald, +1-858-453-9600, vheald@behmedia.com; or investors, Redwood Consultants, LLC, +1-415-884-0348, both for Bridgetech Holdings International, Inc.
Web site: http://www.bthi.com/ http://www.fbc.com.tw/
Vital Images Renews Marketing and Distribution Agreement With Toshiba Medical Systems CorporationNew Contract Extends Through 2008
MINNEAPOLIS, April 2 /PRNewswire-FirstCall/ -- Vital Images, Inc. , a leading provider of enterprise-wide advanced visualization and analysis software, and Toshiba Medical Systems Corporation (Toshiba), headquartered in Tochigi, Japan, have agreed to renew their U.S. and international marketing and distribution agreement for two years, through December 31, 2008. As under the previous agreement, Toshiba will offer Vital Images' Vitrea(R) software through its subsidiaries and distributors in more than 50 nations in North and South America, Europe, the Middle East, Africa, Australia, and Asia, except Japan. Since 2000, Toshiba has been providing Vitrea software as the advanced visualization and analysis software of choice to customers purchasing Toshiba's Aquilion(TM) and other CT scanners.
"Toshiba has been a great partner for Vital Images," said Jay D. Miller, president and CEO of Vital Images. "This seven-year relationship recently resulted in our jointly developed SUREPlaque(TM), which is designed to aid in the evaluation, characterization and quantification of plaque inside the coronary arteries. In 2006, our Toshiba collaboration contributed significantly to Vital Images' U.S. and international revenue growth. We look forward to more shared milestones in the future."
About Toshiba Medical Systems Corporation
Toshiba Medical Systems Corporation is one of the world's leading diagnostic imaging manufacturers. The expanding Toshiba Medical Systems Group operates in more than 80 countries with the goal of establishing a strong global business while lending strong support to the advancement of medicine worldwide. The company's vision is to provide solutions to the medical profession that help save patients' lives while offering reliable products with a long service life. Press releases, examples of their medical solutions and other corporate information are available on Toshiba Corporation's Web site at http://www.toshiba.com/.
About Vitrea(R) Software
Vitrea(R) software is Vital Images' advanced visualization solution that creates 2D, 3D and 4D images of human anatomy from CT (computed tomography) and MR (magnetic resonance) image data. Vitrea uses an intuitive clinical workflow and automation to improve speed to clinical decisions and workflow simplicity over other visualization techniques. With these productivity- enhancing tools, physicians can easily navigate within these images to better understand disease conditions. Vitrea addresses specialists' needs through various clinical applications for cardiac, colon, neurology, and general vascular analysis.
About Vital Images, Inc.
Vital Images, Inc., headquartered in Minneapolis, is a leading provider of enterprise-wide advanced visualization and analysis software solutions. The company's technology gives radiologists, cardiologists, oncologists and other medical specialists, time-saving productivity and communications tools that can be accessed throughout the enterprise and via the Web for easy use in the day-to-day practice of medicine. Vital Images also has offices in Den Haag, The Netherlands and Beijing, China. For more information, visit http://www.vitalimages.com/.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties which could cause results to differ materially from those projected, including but not limited to dependence on market growth, the successful inter-operability of health care technology from multiple vendors, the timely availability and acceptance of new products, the impact of competitive products and pricing, dependence on major customers, third-party reimbursement, and other risks detailed from time to time in Vital Images' SEC reports, including Vital Images' annual report on Form 10-K for the year ended December 31, 2006.
Vitrea(R) is a registered trademark of Vital Images, Inc. Vital Images disclaims any proprietary interest in the marks and names of others.
Vital Images, Inc.
CONTACT: Michael H. Carrel, Chief Operating Officer & Chief Financial Officer, Vital Images, Inc., +1-952-487-9500; or Nancy A. Johnson, njohnson@psbpr.com, or Marian Briggs, mbriggs@psbpr.com, both of Padilla Speer Beardsley, +1-612-455-1700
Web site: http://www.vitalimages.com/
Oce Business Services Launches New York City Litigation Support Processing FacilityFast, Flexible Local Gateway Brings Legal Discovery Capabilities Closer to New York City and Northeast Clients
NEW YORK, April 2 /PRNewswire-FirstCall/ -- Oce Business Services, Inc. today announced that it has opened a new litigation support processing facility in Manhattan. The new satellite facility enables the company's CaseData eDiscovery and litigation support division to bring its capabilities closer to law firm and corporate clients located in the northeast.
The new facility will provide a range of litigation support services such as high-capacity document imaging, blowback and production; electronic discovery including consultation, data collection and 24X7 data processing; and support for the full spectrum of CaseData products and services. The facility combines the speed and flexibility of a local operation with the power and technical expertise of the company's main processing facilities in Utah and the Philippines. Because their technology infrastructures are connected, project workflow demands can be shifted between the facilities.
The facility's local operations management team has over 50 years of combined industry experience. A seasoned project manager will closely oversee every project, applying disciplined quality control methods that are based on ISO methodologies.
"We are bringing our nationally-recognized litigation support processing capabilities closer to our clients in New York and the northeast region," said Doug Bean, Vice President and General Manager, Oce Business Services CaseData Division. "Our expanded presence, with our comprehensive solution for electronic and paper-based discovery, will better help our clients effectively respond to requests for discovery."
Discovery is the process that attorneys use to obtain evidence from an organization or individuals in response to legal, administrative or regulatory action. Organizations face increasingly onerous demands for the production of paper and electronically stored information (ESI) for legal and regulatory matters. Bean adds that over 90 percent of business documents today are created and stored electronically, and 60 to 70 percent of corporate data resides in or is attached to emails. Enterprises need to be prepared to retrieve and analyze terabytes of data on request, across an increasingly vast terrain including email, instant messages, handhelds, laptops, and voicemail. Since the potential costs are in the millions of dollars, Bean points out that being proactively prepared can help businesses effectively minimize disruption, costs, and risk.
CaseData has handled thousands of engagements for litigation and M&A matters across the U.S. in document-intensive, litigious sectors including insurance, financial services, energy, and pharmaceuticals. CaseData also was ranked among the top five eDiscovery service providers in the categories of experience, capacity, eDiscovery review, and eDiscovery analysis by leading industry source, the 2006 Socha-Gelbmann Report.
About Oce Business Services
Oce Business Services is one of the world's leading providers of document process management services and technology to law firms, corporations and the public sector. Its spectrum of managed solutions spans the document lifecycle. These include print/copy, mail services; Six Sigma(R) based performance management, records management and eDiscovery. CaseData is a division of Oce Business Services and one of the most experienced providers of eDiscovery, paper discovery, forensics and web-based review services for complex litigation and regulatory compliance matters. Oce Business Services' integrated capabilities allow it to serve enterprise-wide requirements with advanced technology, people and processes. By enabling organizations to manage and control document assets, Oce helps reduce costs, increase efficiency, mitigate risk and introduce innovation. To learn more, visit http://www.ocesolutions.com/ or http://www.ocesolutions.com/casedata
About Oce
Oce N.V. is a leading international provider of digital document management technology and services. The company's solutions are based on Oce's advanced software applications that deliver documents and data over internal networks and the Internet to printing devices and archives -- locally and around the world. Supporting the workflow solutions are Oce digital printers and scanners, considered the most reliable and productive in the world. Oce also offers a wide range of display graphics, consulting and outsourcing solutions.
Oce employs around 24,000 people, with 2006 annual revenues of approximately $4 billion, operates in approximately one hundred countries and maintains research and manufacturing centers in the Netherlands, the United States, Canada, Germany, France, Belgium, the Czech Republic, and Romania. Oce North America is headquartered in Trumbull, CT, with additional business units in Chicago, IL; New York City; Boca Raton, FL; Salt Lake City, UT; Coventry, RI; and Vancouver, BC. North American revenues were approximately $1.7 billion for fiscal 2006, and employment is currently 11,000. For more information about Oce, visit http://www.oceusa.com/. Outside the U.S., consult http://www.oce.com/\.
Oce Business Services, Inc.
CONTACT: Ken Neal, Director, Corporate Communications of Oce Business Services, +1-212-502-2151, kenneth.neal@oce.com; or Jeanne Achille of The Devon Group, +1-732-224-1000, ext. 11, jeanne@devonpr.com
AEHI, AEM and MAPS Update the Investment Community in All New Interviews With WallSt.net
NEW YORK, April 2 /PRNewswire/ -- On March 16, Don Gillispie, CEO of Alternate Energy Holdings, Inc. (Pink Sheets: AEHI) updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:
- Steps the company is taking to reduce dependency of foreign energy
sources
- building a nuclear power plant in Idaho
- reasons the company's proposed nuclear power plant is "unique"
- why the company's ethanol production could have "some of the lowest
ethanol costs ... in the country"
- turning coal into "clean diesel fuel"
- turning "lightning into electricity"
- upcoming milestones for investors to watch for
To hear the interview in its entirety, and to read an in-depth report on the company, visit http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=aehi
On March 21, Sean Boyd, CEO of Agnico-Eagle Mines Ltd. updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:
- tripling the company's output over the next three years
- key drivers behind the company's fourth quarter earnings growth
- containing production costs
- how the acquisition of Cumberland Resources Ltd. will impact
Agnico-Eagle's growth prospects
- why the company provides investors with "meaningful growth"
- key supply trends bolstering the company's growth prospects
- upcoming milestones for investors to watch for
To hear the interview in its entirety, visit http://wallst.net/audio/audio.asp?symbol=AEM&id=3172
On March 23, Mark Cattini, President and CEO of Mapinfo Corp. updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:
- what the acquisition of the company by Pitney Bowes means
to MapInfo's shareholders
- the company's global reorganization, and how it has aided in the
company's growth
- Key drivers behind the company's first-quarter financials
- how moving to a matrix structure has helped the company grow its bottom
line
- three main reasons the company has a competitive edge in its target
markets
- upcoming milestones for investors to watch for
To hear the interview in its entirety, and to read an in-depth article on the company, visit http://wallst.net/editorials/article.asp?id=664
About WallSt.net:
http://www.wallst.net/ is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. http://www.wallst.net/ offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We have received seventy thousand free trading shares of AEHI from a third party, and an additional one hundred thousand restricted shares of AEHI from Alternate Energy Holdings, Inc. for media and advertising services for Alternate Energy Holdings, Inc. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050927/LATU121LOGO)
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WallStreet Direct, Inc.
CONTACT: Nick Iyer of Digital Wall Street, Inc., +1-800-4-WALL-ST
Web site: http://wallst.net/
LaserCard Corporation Announces Receipt of Subcontract for Optical Memory-Based U.S. 'Green Cards' Permanent Resident Cards and 'Laser Visas' Border Crossing Cards
MOUNTAIN VIEW, Calif., April 2 /PRNewswire-FirstCall/ -- LaserCard Corporation today announced a subcontract with General Dynamics Information Technology for the manufacture and supply of U.S. government Permanent Resident Cards ("Green Cards") and Border Crossing Cards ("Laser Visas"). The subcontract is for an initial 12-month period with optional extensions up to a total of five years. The first purchase order received under the subcontract calls for delivery of $5.9 million in Green Cards and Laser Visas over the period from March through September 2007.
General Dynamics is the prime contractor to the U.S. Department of Homeland Security for these two on-going programs. The new subcontract, the third since 1997, covers potential orders if extended the full five years estimated by LaserCard at up to $50M of Green Cards and Laser Visas.
"Immigration and border control have never been more important to the security of the homeland," said Richard Haddock, CEO of LaserCard Corporation. "As a U.S.-based corporation, we are proud to be making a contribution, in partnership with General Dynamics. Together, we are ready to respond to the new or expanded needs of the bureau of U.S. Citizenship and Immigration Services with our card technology which has an unparalleled track record in terms of security. We anticipate about $10 million in annual revenue for these programs based upon recent historical run rates."
About LaserCard Corporation
LaserCard Corporation, a leader in secure ID solutions, manufactures and markets LaserCard(R) optical memory cards, LaserPASS(TM) optical/RFID cards and chip-ready Optical/Smart(TM) cards, all featuring Optical IDLock(TM), and other advanced-technology secure identification cards. The Company has sold over 35 million secure ID cards to meet the demanding requirements for border security, immigration and national identification in countries around the world, including the United States, Canada, Italy, India and the Middle East. In addition, the Company manufactures optical card read/write drives and develops optical card system software, card-related ID subsystems and peripherals. The Company operates a wholly-owned German subsidiary, Challenge Card Design GmbH, which manufactures specialty cards, and markets cards, system solutions, and card personalization printers under the Cards & More brand.
Forward-Looking Statements: All statements contained in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Examples of forward-looking statements in this release include the implications that the Company will be able to deliver the cards per the requested schedule and that the U.S. government will in the future order additional optical memory cards which the Company will supply and that this will result in $10 million in annual revenue. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to whether the U.S. government places additional orders for Green Cards and Laser Visas or for other cards utilizing the Company's optical technology; whether General Dynamics, the prime contractor, exercises its extension options to continue the Company as a subcontractor; whether the initial DHS Green Card and Laser Visa order is rescheduled or canceled in whole or in part, and whether the Company encounters card production difficulties as well as the risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, the Company undertakes no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise.
LaserCard Corporation
CONTACT: Stephen Price-Francis, VP, Business Development of LaserCard Corporation, +1-631-385-7135
Web site: http://www.lasercard.com/
Workbrain Corporation to be acquired by Infor for $12.50 in cash per shareWorkforce Management Innovator To Join World's Largest Private Software Company
TORONTO, April 2 /PRNewswire-FirstCall/ -- Workbrain Corporation ("Workbrain" or the "Company") (TSX:WB) today announced that it has reached a definitive agreement with Infor Global Solutions European Finance, S.A.R.L. ("Infor") under which Infor will acquire all of Workbrain's outstanding common shares at a price of CDN$12.50 per share in cash pursuant to a statutory plan of arrangement. The transaction values Workbrain, on a fully diluted basis, at approximately $227 million dollars.
This all-cash transaction for 100% of the Company's common shares represents a 25.6% premium over Workbrain's volume weighted average share price on the Toronto Stock Exchange on Friday, March 30, 2007, and a 40% premium over the volume weighted average price for the most recent 30 trading days on the Toronto Stock Exchange.
The transaction has been unanimously approved by Workbrain's Board of Directors, which recommends that shareholders vote in favour of the transaction.
"In just over seven years, Workbrain has built the leading workforce management software company based on innovation and attention to the customer. Joining Infor will accelerate our current momentum by providing us access to Infor's 70,000 customers and extensive global distribution network. We believe that all of our stakeholders will benefit from this combination," said David Ossip, CEO of Workbrain.
Infor is the world's largest private software company and third largest enterprise software provider. It provides applications that run virtually every aspect of a business, from enterprise resource planning to the supply chain, customer relationship management and financial systems. Infor focuses on business-specific solutions, which require less customization, provide more functionality and result in lower cost of ownership.
"Infor's successful business model combines the built-in business experience of focused software providers like Workbrain with the scale, stability and breadth of solutions of one of the largest software providers," said Jim Schaper, Chairman and CEO of Infor. "We will continue to invest and build upon Workbrain's solutions. Workbrain expands our current human capital management offering with unmatched domain expertise in the areas of time and attendance, scheduling, absence management and workforce planning."
Mr. Roger Martin, the Chairman of the Board of Directors of Workbrain stated: "We are extremely proud of the business that our management team has been able to build, and the results that are being delivered through this transaction to our shareholders. This announcement follows a comprehensive process which has been supervised by our Board with the assistance of our financial advisors."
Workbrain's Board of Directors was advised by Merrill Lynch and Genuity Capital Markets, each of whom provided Workbrain's Board of Directors with an opinion that the consideration to be received by securityholders under the transaction is fair from a financial point of view. Stikeman Elliott LLP provided legal advice to Workbrain.
Workbrain's CEO, David Ossip, and Alon Ossip, a Director of Workbrain, have agreed to vote the 3,994,200 common shares that they control in Workbrain, which represents approximately 22% of Workbrain's issued and outstanding common shares, in favour of the transaction.
The transaction is to be carried out by way of a statutory plan of arrangement and will be subject to customary closing conditions, including regulatory and securityholder approval. The transaction is expected to close in June of 2007.
A proxy circular will be prepared and mailed to shareholders by early May providing shareholders with important information about the transaction. The definitive agreement and, once mailed, the proxy circular will be available at http://www.sedar.com/ and http://www.workbrain.com/.
Conference Call
Investors, media and analysts are invited to participate in our conference call, to be held as follows:
Date: Monday, April 2, 2007
Time: 2:30 PM EST
Dial-in: (416) 849-2698 or Toll Free at (866) 400-2270
Please dial-in approximately ten minutes prior to the start time. Replay information is available upon request from Workbrain's media relations contacts.
About Workbrain
Workbrain provides the most widely deployed web-based workforce management solution for large enterprises. The company is the only provider of Total Workforce Management that helps organizations plan, deploy, and manage their workforce to reduce costs, increase sales, and boost employee satisfaction. Clients such as British Airways, General Mills, Target Corporation, and Lifespan choose Workbrain's industry-focused workforce management solutions to integrate workforce planning, labor forecasting, workforce scheduling, time and attendance, and workforce analytics on a single platform. For more information, please visit http://www.workbrain.com/.
About Infor
Infor delivers business-specific software to enterprising organizations. With experience built in, Infor's solutions enable businesses of all sizes to be more enterprising and adapt to the rapid changes of a global marketplace. With more than 70,000 customers, Infor is changing what businesses expect from an enterprise software provider. For additional information, visit http://www.infor.com/.
Forward-Looking Statements
This news release contains forward-looking statements which are not historical facts, but are based on certain assumptions and reflect Workbrain's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Workbrain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Workbrain is a trademark of Workbrain, Inc. All other product or company
names mentioned are the property of their respective owners.
Workbrain Corporation
CONTACT: For Workbrain: Pat Ladisa, Corporate Communications, (416) 421-6700 extension 2579, pladisa@workbrain.com; For Infor: Wade Coleman, Infor, (678) 319-8748, wade.coleman@infor.com
NUR Macroprinters Quadruples Speed and Ink Coverage With the New NUR Expedio(TM) 5000 Revolution Wide-Format Printer
LOD, Israel, April 2 /PRNewswire-FirstCall/ -- NUR Macroprinters (NURMF.PK), a leading supplier of wide-format inkjet production printers for the printing industry, has revealed its latest addition to its wide-format printing solutions - the NUR Expedio(TM) 5000 Revolution. This new and innovative UV-inkjet printer has a production speed and ink coverage of up to 4 times that of most solvent-based printers.
"With this new wide format printer, we believe we will revolutionize the billboard printing industry" said David Reis, President and CEO, NUR Macroprinters. "Our goal is to make it more profitable to use UV technology for billboards, as we increase productivity, ink coverage and media flexibility" added Mr. Reis.
The NUR Expedio 5000 Revolution, a high-volume, super wide-format UV-inkjet printer
The NUR Expedio 5000 Revolution UV-inkjet wide-format production printer delivers an unmatched production speed of 3,200 sq.ft (300 sq.m) /hr that is 4 times that of most solvent-based printers. In addition, the NUR Expedio 5000 Revolution produces 4 times the ink coverage (**) of most solvent ink printers making it even more cost effective to print with UV inks.
The NUR Expedio 5000 Revolution has two operation modes:
- In the Billboard mode, the NUR Expedio 5000 Revolution operates at twice the speed (3,200 sq.ft/h) of the regular NUR Expedio 5000 and produces approximately twice the ink coverage (1,950 sq.ft/Liter(**)).
- In the POP mode the printer rounds out the capabilities of the NUR Revolution by optimizing the printing for wide-format Point of Purchase (POP) applications.
In any mode, this super-wide printer offers the same high performance and print quality found in the NUR Expedio family. Virtually all wide-format substrates are supported, such as uncoated PVC, synthetic paper, Polyethylene and mesh. The NUR Expedio 5000 Revolution can accommodate multiple rolls simultaneously for maximized production capacity. The extensive color gamut supported by this 4-color printer upholds the high image quality of the Expedio(TM). Other standard features include an on-core collector and an optional double-sided printing mechanism for Backlit- and Blockout applications.
The ground-breaking combination of features results in a super high production volume, a competitive ink/sq.m feet UV ink cost and an "all-in-one" configuration for printing both Billboard and POP applications.
(**)Using NUR standard file/profile, on PVC, based on a test held at NUR in March 2007
About NUR Macroprinters Ltd.
NUR Macroprinters (NURMF.PK) is a leading supplier of wide-format inkjet printers for the printing industry. NUR develops, manufactures and markets wide-format inkjet production printers and high-quality companion inks for a wide variety of business enterprises including commercial printing companies, sign printers, screen printers, billboard and media companies, photo labs, and digital printing service providers. NUR's cost-effective, reliable printing solutions are helping customers worldwide deliver the high quality and fast turnaround they need to meet their clients' exacting demands and succeed in today's competitive marketplace.
More information about NUR Macroprinters is available at http://www.nur.com/.
SAFE HARBOR:
Forward-looking statements in this release involve known and unknown risks and uncertainties that could cause the actual results of NUR Macroprinters to be materially different from those that may be expressed or implied. For additional information, reference is made to NUR Macroprinters reports filed from time to time with the Securities and Exchange Commission.
Contact:
Jude Liemburg
Corporate Marcom Manager
+972-8-914-5568
judel@nur.com
Nur Macroprinters Ltd.
CONTACT: Contact: Jude Liemburg, Corporate Marcom Manager, +972-8-914-5568, judel@nur.com
TetriDyn Solutions Signs Two-Year Contract with Rocky Mountain Surgery Center
POCATELLO, Idaho, April 2 /PRNewswire-FirstCall/ -- TetriDyn Solutions, Inc. (BULLETIN BOARD: TDYS) announced today that it has expanded its IT consulting business with the addition of Rocky Mountain Surgery Center in Pocatello, ID. TetriDyn Solutions, Inc. and Rocky Mountain Surgery Center have agreed to a two-year deal to provide all IT-related services along with consulting services for the business.
"We are very excited with the progress of our IT consulting services division," said Mr. Hempstead, TetriDyn's President. Mr. Hempstead further stated, "Just by word of mouth, we are growing at a rapid pace."
TetriDyn's unique needs-based approach was key to Rocky Mountain's decision to sign with TetriDyn. The needs-based approach creates targeted solutions for each customer based on their long-term goals. This targeted approach helps service the expanding needs of the enterprise rather than fixing immediate problems with a temporary patch.
These methodologies will help Rocky Mountain Surgery Center to reduce long-term costs and to build a strong foundation and infrastructure that enables cost-effective growth for years to come. With this new contract, TetriDyn will be adding new personnel to its roster to help with the increased demand in managed services.
About TetriDyn Solutions, Inc.
TetriDyn Solutions, Inc. provides Information Technology (IT) consulting services and specialized software products focused on optimizing business processes and increasing worker productivity. The company develops and markets software products that utilize wireless technologies, freeing the enterprise from productivity barriers based on physical location. The company's main software solution, AeroMD EMR, enables healthcare providers to securely collect and distribute electronic data wirelessly within an office setting and among offices spread across multiple locations. The company markets its AeroMD EMR program through multiple distribution channels domestically. The company has also developed a patent-pending Livestock Security and Tracking Program within the cattle industry. The Livestock Security and Tracking Program will be marketed through multiple channels, both foreign and domestic. For more information on our software products, IT consulting services, or our company, please visit our website at http://www.tetridyn.com/.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to realize the projected revenues from the newly-announced project orders and the future strength of the company's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about TetriDyn Solutions' future business and financial results, refer to TetriDyn Solutions' Annual Report on Form 10-KSB for the year ended December 31, 2006, which will be filed with the SEC on or before April 2, 2007, TetriDyn Solutions' Q1 2006 Report filed with the SEC on May 24, 2006, TetriDyn Solutions' Q2 2006 Report filed with the SEC on August 14, 2006 and TetriDyn Solutions' Q3 2006 Report filed with the SEC on November 13, 2006. TetriDyn Solutions undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
For Further Information:
Phone 877-647-2367
Brian S. John
Mirador Consulting, Inc.
TetriDyn Solutions, Inc.
CONTACT: Brian S. John of Mirador Consulting, Inc., +1-877-647-2367, for TetriDyn Solutions, Inc.
Web site: http://www.tetridyn.com/
ITEX Announces Executive Privileges ProgramLaunches Enhanced Website
BELLEVUE, Wash., April 2 /PRNewswire-FirstCall/ -- ITEX Corporation (BULLETIN BOARD: ITEX) , the Membership Trading Community(SM), a leading marketplace for cashless business transactions in North America, today announced the launch of its Executive Privileges Program together with a more refined and user-friendly website. The Executive Privileges Program is designed to enhance the value proposition for members of the ITEX network by providing a series of key member benefits.
"The Executive Privileges Program will provide real and exceptional value in areas we believe will help small businesses flourish. Members are being offered opportunities to participate in key programs, in addition to leveraging The Cashless Marketplace(SM) which generated more than 250 million dollars in transactions for participants last year. We are expanding our value proposition with selected services, delivered by respected companies who are the leaders in their industry," stated Steven White, Chairman and CEO.
Mr. White concluded, "By adding highly focused services to our business base, services that are core requirements for business success, we seek to maximize our sales effectiveness and increase new member registrations. We are not looking to offer the highest number of services for business, rather choosing vital services from the best companies. We will announce the first Executive Privileges component tomorrow, and additional features thereafter every week through the end of April."
Executive Privileges Program
ITEX is expanding the benefits it provides members to include new services aimed at improving the profitability of ITEX member businesses. These services will complement the services that ITEX members currently offer each other. ITEX is teaming with some of the leading brands in industry to provide discounts, personalized services and added value. The Executive Privileges Program will utilize the bargaining power of the 22,000 ITEX member businesses, with their 100,000 employees, to derive benefits that individual members could not obtain on their own. ITEX intends to re-invest any revenue derived from the Executive Privileges Program to attract and retain more members.
New Web Site Launch
ITEX today launched a new and enhanced version of its web site. The new site is designed to:
-- More easily communicate ITEX community benefits to new member
prospects
-- Integrate the Executive Privilege Program offerings
-- Change the look and feel to facilitate greater interaction among our
22,000 member businesses
ITEX, the Membership Trading Community(SM), is a leading marketplace for cashless business transactions in North America. ITEX processes more than $250 million a year in transactions through 22,000 member businesses managed by 95 franchisees and licensees. Member businesses increase sales through an exclusive distribution channel by utilizing the ITEX Dollar to exchange goods and services. ITEX is powered by ITEX Payment Systems, the leading payment technology platform for processing cashless business transactions. ITEX is headquartered in Bellevue, Washington.
Contact:
Alan Zimmelman
ITEX Corporation
425.463.4017
alan@itex.com
For more information, please visit http://www.itex.com/
This press release contains forward-looking statements that involve risks and uncertainties concerning our expected performance (as described without limitation in the quotations from current management in this release) and comments within the safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. We believe that these potential risks and uncertainties include, without limitation: the continuing development of successful marketing strategies for our concepts; our ability to sustain profitability; the availability of adequate working capital; our dependence both on key personnel and our broker network; and the effect of changes in the overall economy and in technology. Statements in this release should be evaluated in light of these factors. These risk factors and other important factors that could affect our business and financial results are discussed in our periodic reports and filings with the Securities and Exchange Commission, including our Forms 10-KSB and Forms 10-QSB, which are available at http://www.sec.gov/ , including under the caption, "Management's Discussion and Analysis of Financial Condition and Results of Operations." All information set forth in this release is as of April 2, 2007, and ITEX undertakes no duty to update this information.
ITEX Corporation
CONTACT: Alan Zimmelman, of ITEX Corporation, +1-425-463-4017, alan@itex.com
Web site: http://www.itex.com/
Certicom Announces Executive ChangesCerticom Corporation will host a conference call and live webcast at 10 a.m. (ET) on Monday, April 2, 2007. For dial-in numbers, please refer to the conference call information at the end of this release.
MISSISSAUGA, ON, April 2 /PRNewswire-FirstCall/ -- Certicom Corporation (TSX: CIC) (the "Company") today announced that Bernard Crotty, Chairman of the board of directors has been appointed President and Chief Executive Officer on an interim basis. Jeffrey Chisholm, a board member and Chair of the Audit Committee, will assume the role of lead director. The Company also announced Ian McKinnon has resigned as President and Chief Executive Officer. The changes are effective immediately.
The board of directors has initiated a search for a new President and Chief Executive Officer.
"Certicom has a world-class intellectual property licensing portfolio and a clear strategy designed to help it build and enhance value for its shareholders," said Mr. Crotty. "The Company is recognized as a global leader in elliptic curve cryptography and is poised to leverage this position to generate stronger revenues and sustainable profits. We intend to win long-term licensing agreements with other companies and vigorously defend our patent portfolio."
The Company also announced that it has retained the Fish & Neave Intellectual Property Group of U.S.-based law firm Ropes & Gray and Kasowitz Benson Torres & Friedman LLC, also U.S.-based, to advise the Company in these matters.
Mr. Crotty has been a member of the board since 1996. He is the former Chairman and CEO of Comnetix Inc. and a former partner with the law firm McCarthy Tetrault in Toronto. He has also worked with Gibson Dunn & Crutcher LLP in Los Angeles and is a member of the California State Bar.
Dr. Scott Vanstone, a co-founder of the Company, will remain in the position of Executive Vice President, Strategic Technology and will continue to be responsible for research and technology development at Certicom.
The Company has more than 350 patents for elliptic curve cryptography (ECC), which is the world's largest intellectual property portfolio for these types of patents. Its ECC technology is designed to provide strong, efficient cryptography that is increasingly required by government, multinational companies, content providers, and device manufacturers to embed security into their products. Certicom has a strategic growth plan in place for five high growth target markets, and the Company will now be focusing more on the licensing and protection of its patents.
"On behalf of the Board of Directors, I would like to thank Ian McKinnon for his service and many contributions to Certicom. Mr. McKinnon led the company through a very successful restructuring and growth phase, including a landmark patent licensing agreement with the U. S. Government's National Security Agency. We have jointly agreed on this direction and we wish him well in his future endeavors," said Mr. Crotty.
Mr. McKinnon said, "I am very proud of what the Certicom team has accomplished over the last five years. The future opportunities for the company have never been brighter, and it is the right time to hand over the reins of leadership as Certicom moves to execute the next phase of its growth strategy."
About Certicom
Certicom protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for classified and sensitive but unclassified government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the undisputed leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in the U.S., Canada and Europe.
Conference Call & Webcast
-------------------------
Management will host a conference call at 10 a.m. (ET) on Monday, April 2, 2007 to answer questions from analysts and institutional investors. The call can be accessed at 416-644-3417 or 1-800-732-6179. The call will also be webcast live and archived on the Certicom website at http://www.certicom.com/. A taped rebroadcast will be available to listeners following the call until 12 a.m. on April 9, 2007. The rebroadcast can be accessed at 416-640-1917 or 1-877-289-8525 and quote the pass code 21225593 followed by the number sign.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of the Company to develop, promote and protect its proprietary technology security breaches or defects in the Company's products; competitive conditions in the businesses in which the Company participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in the Company's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with the Company; reliance on a limited number of customers; demand for ECC-based technology; performance of the Company's management team and the Company's ability to attract and retain skilled employees; operating the Company's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in the Company's annual information form dated July 26, 2006 and filed on SEDAR at http://www.sedar.com/.
While the Company believes that its forecasts and assumptions are reasonable, results or events predicted in this forward-looking information may differ materially from actual results or events.
Certicom, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Information subject to change.
http://www.certicom.com/
Certicom Corp.
CONTACT: Investors and Financial Analysts: Herve Seguin, Chief Financial Officer, Certicom Corp., (905) 501-3827, hseguin@certicom.com; Media: John Vincic, Executive Vice President, BarnesMcInerney Inc., Cell: (647) 402-6375, Office: (416) 367-5000 ext. 249, jvincic@barnesmcinerney.com
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