IRVINE, Calif., May 29 /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, announced that a unanimous federal jury today found that certain Qualcomm Incorporated cellular baseband chips and software infringe claims of three Broadcom patents, and awarded Broadcom $19.64 million in damages for Qualcomm's past infringement.
The jury of six women and three men, sitting in U.S. District Court in Santa Ana, Calif., also found that the three patents are valid and that Qualcomm's infringement was willful, allowing the court to increase the damages up to three times the amount awarded by the jury.
Broadcom plans to ask the court to issue a permanent injunction barring Qualcomm from further infringement of the three patents.
"We are very pleased with the jury's verdict, and gratified that the jurors were able to absorb and evaluate very technical material and arrive at the conclusion that Qualcomm once again is improperly utilizing our patented technology covering cellular baseband solutions," said David A. Dull, Broadcom's Senior Vice President and General Counsel. "Broadcom was an early pioneer in a broad range of wired and wireless communications and multimedia technologies, which are at the heart of the convergence and communications trends that are touching consumers in their daily lives. Broadcom's patents are our company's lifeblood, representing substantial financial investment and the hard work and innovations of our engineers around the world. We are heartened that the legal system has provided redress for Qualcomm's infringing behavior."
The three patents include: -- U.S. Patent No. 5,657,317, which relates generally to simultaneous participation on two networks using a single transceiver. As cellular standards continue to proliferate and evolve, cellular phones have become multimodal, allowing access to the newest standards while maintaining backward compatibility. The jury found that Qualcomm has used the multimode inventions of the '317 patent in its EV-DO baseband chips. -- U.S. Patent No. 6,847,686, which relates generally to a chip architecture for performing video processing. As technology continues to converge into cellular phones and other mobile devices, consumers expect higher levels of video performance. The jury found that Qualcomm has used Broadcom's patented architecture for providing this increased video performance in its "Enhanced Multimedia" and "Convergence" chip platforms. -- U.S. Patent No. 6,389,010, which relates generally to a phone that may be used to place calls over fixed or variable bandwidth networks. A 'push-to-talk' feature on a cell phone gives the user the choice of making a 'walkie-talkie' type connection instead of a traditional cell phone call. The jury found that Qualcomm uses the invention of the '010 patent in its QChat(R) software.
Tuesday's verdict, following a 13-day trial and two and a half days of deliberations, is the latest in a series of favorable court and governmental decisions for Broadcom in its ongoing legal battles with Qualcomm over patent infringement issues. In December 2006, the U.S. International Trade Commission (ITC) found that Qualcomm's third generation, or 3G, cellular baseband chips infringe a Broadcom patent related to power-saving technology. A decision on the appropriate remedy for that infringement is expected by June 7. Today's jury findings confirm that Qualcomm's infringement of Broadcom's large and growing patent portfolio is widespread and pervasive.
In January 2007, a unanimous jury in San Diego federal court determined that Broadcom does not infringe two Qualcomm patents related to video compression. The judge in that case then decided that Qualcomm had waived its right to enforce the patents by failing to comply with its obligations to the applicable industry standards body. A hearing on the appropriate remedy for Qualcomm's conduct in the video compression case is set for June 25.
Separately, Broadcom recently filed a complaint against Qualcomm asserting unfair competition, fraud and breach of contract claims related to Qualcomm's abuse of the intellectual property rules of various industry standards setting bodies. The complaint alleges that Qualcomm has engaged in a pattern of misconduct across multiple technologies and multiple standards bodies, including those responsible for setting cellular, video, and mobile broadband standards, and that Qualcomm's misconduct includes improperly concealing its patents, reneging on licensing obligations, and exerting dominance through hidden affiliations.
Broadcom has joined five other leading mobile wireless technology companies in filing complaints with the European Commission alleging that Qualcomm has engaged in anticompetitive conduct in the licensing of its patents and the sale of its chipsets for mobile wireless devices and systems. The six companies assert that Qualcomm is violating EU competition law and failing to meet the commitments it made to international standards bodies to license its technology on fair, reasonable and non-discriminatory terms. Broadcom and other wireless technology companies have filed similar complaints before the Korean Fair Trade Commission. Broadcom is also appealing last year's dismissal of its federal antitrust lawsuit against Qualcomm. The dismissal, by a U.S. District Judge in New Jersey, was appealed to the U.S. Court of Appeals for the Third Circuit. The appeal is scheduled to be heard June 28.
Following the filing of Broadcom's patent infringement and antitrust actions, Qualcomm responded by filing a number of complaints against Broadcom. However, Qualcomm either lost or settled all of those claims, so Broadcom currently faces no actions against it by Qualcomm.
The proceedings instituted by Broadcom against Qualcomm come at a time when the cellular phone industry is transitioning from providing voice-only services to offering customers an array of multimedia services, including a wide variety of audio, video, data and communications capabilities. Among the multimedia features now offered to consumers are TV, MP3 capabilities, personal video recording (PVR), VoIP, and the 'push-to-talk' feature, which enables users to use their cellular phones like walkie-talkies. Consumer demand for these features is driving the next upgrade cycle in networks and cellular phones.
Broadcom is in the vanguard of the transition to feature-rich cellular phones. Its products incorporate many innovative technologies such as Bluetooth(R), Wi-Fi(R), third generation (3G) cellular baseband, multimedia processing, VoIP and security, all protected by an extensive intellectual property portfolio.
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art, system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2006 revenue of $3.67 billion, and holds over 2,000 U.S. and 800 foreign patents, more than 6,000 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video and data.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in connection with our litigation with Qualcomm include, but are not limited to, our ability to prevail in the various federal and state lawsuits, the ITC proceeding and other proceedings against Qualcomm; the ability of our patents to protect our intellectual property and products; our ability to enforce our intellectual property rights; and the risks associated with litigation in general, including the costs and time that must be devoted to litigation, the potential diversion of attention of management and key employees that may result from being engaged in litigation, and the possibility of adverse results.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Broadcom(R), the pulse logo, Connecting everything(R), and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Qualcomm(R) and QChat(R) are trademarks of Qualcomm Incorporated. Bluetooth(R) is a trademark of the Bluetooth SIG. Wi-Fi(R) is a trademark of the Wi-Fi Alliance. Any other trademarks or trade names mentioned are the property of their respective owners.Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO Broadcom Corporation; BRCM Corporate
CONTACT: Broadcom Business Press Contact: Bill Blanning, Vice President,
Global Media Relations, +1-949-926-5555, email@example.com, or Broadcom
Financial Analyst Contact: T. Peter Andrew, Vice President, Corporate
Communications, +1-949-926-5663, firstname.lastname@example.org
Web site: http://www.broadcom.com/
PHILADELPHIA, May 29 /PRNewswire-FirstCall/ -- Comcast Corporation , the country's leading cable entertainment and communications company, today announced that Marlene S. Dooner has been promoted to Senior Vice President of Investor Relations and D'Arcy F. Rudnay has been promoted to Senior Vice President of Corporate Communications.
Ms. Dooner, who joined Comcast in 1995 as Director of Investor Relations and most recently served as Vice President of Investor Relations, is responsible for developing and managing relationships with the investment community and shareholders. Ms. Rudnay joined Comcast in December 2003 as Vice President of Corporate Communications, and is responsible for strategic communications planning and facilitating unified and consistent communications for the entire Comcast family of companies.
"Marlene and D'Arcy do a phenomenal job of articulating Comcast's tremendous growth, technology and innovation to our shareholders, customers, employees and policymakers," said Brian L. Roberts, Chairman and CEO of Comcast Corporation. "Their counsel and expertise have been critical ingredients in our success. We look forward to continuing to rely on D'Arcy and Marlene as we work to effectively communicate our story."
Ms. Dooner serves on the Board of Visitors of the Haub School of Business at St. Joseph's University and on the Board of Directors of Philadelphia Hospitality. In 2005, she received the Woman to Watch Accolade from Women in Cable and Telecommunications Foundation (WICT), which recognizes outstanding achievements and the highest level of commitment to developing women leaders. She earned a BA in Economics from St. Joseph's University and a MS in Finance from Drexel University. She and her husband live in Bryn Mawr.
Ms. Rudnay is a member of the boards of the Philadelphia Convention & Visitors Bureau and the Steppingstone Foundation. In 2005 she was a recipient of the Philadelphia Business Journal's "Women of Distinction" award and Profiles in Diversity Journal's "Women Worth Watching" award. Ms. Rudnay earned a BA from Trinity College and an MS from the University of Pennsylvania. She resides in Radnor, Pennsylvania, with her husband and two daughters.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of cable, entertainment and communications products and services. With 24.2 million cable customers, 12.1 million high-speed Internet customers, and 3.0 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout, TV One, four regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.Comcast Corporation
CONTACT: Jennifer Khoury, +1-215-320-7408, for Comcast Corporation
Web site: http://www.comcast.com/
RESTON, Va., May 29 /PRNewswire-FirstCall/ -- NII Holdings, Inc. today announced its intention to sell, subject to market and other conditions, approximately $1 billion principal amount of convertible notes due 2012, to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In addition, NII is expected to grant the initial purchaser a 13 day option to purchase up to an additional $200 million principal amount of the notes.
NII intends to use a portion of the net proceeds from the notes offering to purchase up to 4 million shares of its common stock contemporaneously with the sale of the notes as part of a $500.0 million stock repurchase program authorized by its board on May 29, 2007. NII intends to use the remaining proceeds of the convertible offering primarily for general corporate purposes, which may include, without limitation, additional repurchases of shares of its common stock under the stock repurchase program, expansion of its existing network, primarily in Brazil and Chile, the acquisition of telecommunications spectrum licenses or other assets, the refinancing, repayment or repurchase of outstanding indebtedness, or other purposes.
The notes being offered and the common stock issuable upon conversion of the notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the use of forward-looking terminology, including "may," "believe," "will," "expect," "anticipate," "estimate," "plan," "intend," and "forecast," or other similar words. Statements contained in this press release are based upon information presently available to us and assumptions that we believe to be reasonable. We are not assuming any duty to update this information should those facts change or should we no longer believe the assumptions to be reasonable. These statements are subject to risks and uncertainties, including without limitation, general market conditions, the market for the company's securities, the performance of the company's business and other risks detailed from time-to-time in the company's filings with the Securities and Exchange Commission. There is no assurance that NII Holdings, Inc. will offer the notes or on what terms.
Contacts: Investor Relations: Tim Perrott (703) 390-5113 email@example.com Media Relations: Claudia E. Restrepo (786) 251-7020 firstname.lastname@example.orgNII Holdings, Inc.
CONTACT: Investor Relations: Tim Perrott, +1-703-390-5113,
email@example.com, or Media Relations: Claudia E. Restrepo, +1-786-251-7020,
firstname.lastname@example.org, both of NII Holdings, Inc.
Web site: http://www.nii.com/
MORRIS TOWNSHIP, N.J., May 29 /PRNewswire-FirstCall/ -- Honeywell announced today that it has awarded scholarships to 265 teachers from 21 countries and 43 states to attend the Honeywell Educators @ Space Academy programs from June 18 to June 29, 2007 at the U.S. Space & Rocket Center in Huntsville, Alabama.
Designed in partnership with the U.S. Space and Rocket Center, the Honeywell Educators @ Space Academy programs provide teachers with new and innovative techniques to educate their students about science and math. Teachers complete 50 hours of professional development and participate in an intensive educator curriculum focused on space science and exploration in addition to participating in real-life astronaut training.
"The importance of inspiring our next generation to pursue careers in science, technology and engineering fields cannot be underestimated," said Thomas Buckmaster, President, Honeywell Hometown Solutions. "Teachers are the catalysts for learning and we are delighted to provide them with the tools and resources to help them bring science to life in the classroom."
While attending Space Academy, each Honeywell Educator will participate in a variety of activities including classroom, laboratory and field training which are linked to science and math teaching standards. Each teacher will have the unique opportunity to participate in astronaut training exercises including a high-performance jet simulation, scenario-based space missions, land and water survival training, and a state-of-the-art flight dynamics programs.
"The U.S. Space and Rocket Center is delighted to work with a leading global technology company like Honeywell who has a comprehensive commitment to science and math education," said Larry Capps, Chief Executive Office of the U.S. Space & Rocket Center. "Because of Honeywell, we are able to bring teachers from around the world together to share their experiences and learn activities they can take back and implement in their classrooms."
Each Honeywell Educator receives a full scholarship following a rigorous application and selection process involving nearly 1,000 competing teachers from around the world. All costs for the Honeywell Educators to attend the program include tuition for the six-day program, roundtrip airfare, meals, accommodations and program materials, are underwritten by Honeywell and the contributions of more than 1,700 Honeywell employees.
Since the program's inception in 2004, Honeywell and its employees have sponsored 730 scholarships for teachers from 34 countries and 48 U.S. states to participate in the Honeywell Educators @ Space Academy programs.
The programs are part of Honeywell Hometown Solutions, which focuses on four areas: Family Safety & Security; Housing & Shelter; Science & Math Education; and Humanitarian Relief. Together with leading public and non- profit institutions, Honeywell has developed powerful programs to address these needs in the communities it serves. More information on Honeywell Hometown Solutions can be found at http://www.honeywell.com/hhs .
Honeywell International is a $33 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit http://www.honeywell.com/ .
Contact: Media Valerie Sorge 973.455.6684 email@example.comHoneywell
CONTACT: Valerie Sorge of Honeywell, +1-973-455-6684, or
Web site: http://www.honeywell.com/
SUNNYVALE, Calif., May 29 /PRNewswire-FirstCall/ -- Blue Coat Systems, Inc. , a leader in secure content and application delivery, today reported its financial results for its fourth quarter and fiscal year ended April 30, 2007. Net revenue for the fourth fiscal quarter of 2007 was $54.5 million, an increase of 51% compared to net revenue of $36.1 million for the same quarter last year and a 16% increase compared to net revenue of $47.1 million in the prior quarter. For the fiscal year ended April 30, 2007, net sales were $177.7 million, compared to net sales of $141.7 million in the fiscal year ended April 30, 2006.
"The record revenue we achieved in the fourth quarter reflects continued strength in our core market and growth in the WAN application delivery infrastructure market," said Brian NeSmith, president and chief executive officer. "Although we are pleased with our recent growth, we continue to invest in our sales and marketing organization in an effort to expand our market share."
On a GAAP basis, the Company reported a net loss of $759,000, or $0.05 per diluted share, in the fourth quarter of fiscal 2007, compared to net income of $42,000, or break-even on a diluted share basis, in the third quarter of fiscal 2007. The net loss in the fourth quarter of fiscal 2007 includes $2.5 million in legal and accounting expenses associated with the stock option investigation and related restatement of the Company's consolidated financial statements, $1.9 million in stock-based compensation expense, $1.7 million related to payroll taxes, interest and penalties on stock options, and $0.4 million in amortization of intangible assets. In the third quarter of fiscal 2007, net income includes $3.2 million in legal and accounting expenses related to the stock option investigation and restatement of financial statements, $0.4 million in amortization of intangible assets, and $2.1 million in stock-based compensation expense.
GAAP net loss for the fiscal year ended April 30, 2007 was $7.2 million, or $0.49 per diluted share, compared to a GAAP net income of $2.9 million, or $0.20 per diluted share, for the fiscal year ended April 30, 2006.
The Company reported non-GAAP net income of $5.7 million, or $0.31 per diluted share, in the fourth quarter of fiscal 2007, compared to non-GAAP net income of $5.7 million, or $0.32 per diluted share, in the third quarter of fiscal 2007.
Non-GAAP net income for the fiscal year ended April 30, 2007 was $18.8 million, or $1.08 per diluted share, compared to $12.1 million, or $0.83 per diluted share, for the fiscal year ended April 30, 2006.
Blue Coat ended the quarter on April 30, 2007 with cash, cash equivalents, short-term investments, and restricted investments totaling $98.9 million, an increase of $9.4 million from the prior quarter.
The non-GAAP financial measures presented above exclude the amortization of intangible assets, expenses associated with the stock option investigation and related restatement, stock-based compensation expense, expenses associated with payroll taxes, interest and penalties on stock options, and restructuring charges. Refer to the accompanying tables for a detailed reconciliation of GAAP to non-GAAP net income and earnings per share.
For the fiscal quarter ending July 31, 2007, the Company currently anticipates net revenue in the range of $57 - $60 million. On a non-GAAP basis, which excludes the amortization of intangible assets, expenses associated with the stock option investigation and related restatement, and stock-based compensation expense, net income is expected to be between $5.2 - $7.1 million, or $0.27 - $0.38 per diluted share.
About Non-GAAP Financial Measures
Blue Coat uses the non-GAAP financial measures of income discussed above for internal evaluation and to report the results of its business. These non-GAAP financial measures include non-GAAP cost of revenue, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP net income per share data. These measures are not in accordance with, or an alternative to, GAAP. The measures are intended to supplement GAAP financial information, and may be different from non-GAAP financial measures used by other companies. Blue Coat believes that these measures provide useful information to its management, board of directors and investors regarding its ongoing operating activities and business trends related to its financial condition and results of operations. Blue Coat believes that it is useful to provide investors with information to understand how specific line items in the statement of operations are affected by certain items, such as the legal and accounting expenses related to the stock option investigation and restatement of the Company's consolidated financial statements, stock-based compensation expense, payroll taxes, penalties and interest related to the disqualification of stock options due to revised measurement dates, restructuring charges, and amortization of intangible assets. In addition, the Company's management and board of directors use certain non-GAAP financial measures in developing operating budgets and in reviewing the Company's financial results of operations since items such as the legal and accounting expenses related to the stock option investigation and related restatement of the Company's consolidated financial statements, stock-based compensation expense, payroll taxes, penalties and interest related to the disqualification of stock options due to revised measurement dates, restructuring charges, and amortization of intangible assets are not considered to impact current resource allocation decisions. The Company believes that inclusion of these non-GAAP financial measures provides consistency and comparability with past reports of financial results. However, investors should be aware that non-GAAP measures have inherent limitations and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP.
Conference Call & Webcast
The Company will host a conference call today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participants should call (612) 332-0932 with the passcode: 874376. A replay of the call will be available starting Tuesday, May 29, 2007 at 5:30 p.m. Pacific Time (8:30 p.m. Eastern Time), and can be accessed by calling (320) 365-3844 with the passcode: 874376. An audio Webcast of the call will also be available at http://www.bluecoat.com/aboutus/investor_relations.
About Blue Coat Systems, Inc.
Blue Coat secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat's family of appliances and client-based solutions - deployed in branch offices, Internet gateways, end points, and data centers - provide intelligent points of policy-based control enabling IT organizations to optimize security and accelerate performance between users and applications. Blue Coat has installed more than 30,000 appliances worldwide and is ranked #1 by IDC in the Secure Content and Application Delivery segment. Blue Coat is headquartered in Sunnyvale, California, and can be reached at (408) 220-2200 or http://www.bluecoat.com/.
FORWARD LOOKING STATEMENTS: The statements contained in this press release that are not purely historical are forward-looking statements, including statements regarding the Company's expected net revenue, non-GAAP net income and non-GAAP earnings per share in the first fiscal quarter of 2008, growth in the core and application delivery infrastructure markets, increase in market share, and statements regarding Blue Coat Systems' expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to Blue Coat Systems as of the date hereof, and Blue Coat Systems assumes no obligation to update any such forward-looking statements. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to other risks described in the "Risk Factors" section of the Company's annual report on Form 10-K for the fiscal year ended April 30, 2006 and quarterly report on Form 10-Q for the fiscal quarter ended January 31, 2007.
BLUE COAT SYSTEMS, INC. Table 1 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Three Months Ended Years Ended April 30, January 31, April 30, April 30, 2007 2007 2006 2007 2006 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net revenue: Product $43,227 $35,976 $28,533 $136,770 $116,083 Service 11,245 11,132 7,602 40,930 25,639 Total net revenue 54,472 47,108 36,135 177,700 141,722 Cost of net revenue: Product 9,350 8,183 8,685 31,779 33,207 Service 3,786 4,057 2,857 13,969 9,841 Total cost of net revenue 13,136 12,240 11,542 45,748 43,048 Gross profit 41,336 34,868 24,593 131,952 98,674 Operating expenses: Research and development 11,453 9,711 8,073 39,882 26,785 Sales and marketing 24,586 18,634 14,421 73,083 52,829 General and administrative 6,466 6,894 2,085 28,072 13,593 In-process research and development - - 3,300 - 3,300 Restructuring (reversal) - - (48) (19) (48) Amortization of intangible assets 113 112 184 619 706 Total operating expenses 42,618 35,351 28,015 141,637 97,165 Operating income/(loss) (1,282) (483) (3,422) (9,685) 1,509 Interest income, net 968 965 640 3,922 2,055 Other income (expense) 39 (82) (149) (311) (349) Income/(loss) before income taxes (275) 400 (2,931) (6,074) 3,215 Provision for income taxes 484 358 18 1,124 275 Net income/(loss) $(759) $42 $(2,949) $(7,198) $2,940 Basic net income/(loss) per common share $(0.05) $0.00 $(0.21) $(0.49) $0.23 Diluted net income/(loss) per common share $(0.05) $0.00 $(0.21) $(0.49) $0.20 Shares used in computing basic net income/(loss) per common share 14,808 14,704 13,839 14,594 12,965 Shares used in computing diluted net income/(loss) per common share 14,808 18,177 13,839 14,594 14,642 BLUE COAT SYSTEMS, INC. Table 2 NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS Excluding Amortization of Intangible Assets, In-process Research and Development, Restructuring Charges, Stock-Based Compensation and Expenses Associated with the Stock Option Investigation (In thousands, except per share amounts) Three Months Ended Years Ended April 30, January 31, April 30, April 30, 2007 2007 2006 2007 2006 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net revenue: Product $43,227 $35,976 $28,533 $136,770 $116,083 Service 11,245 11,132 7,602 40,930 25,639 Total net revenue 54,472 47,108 36,135 177,700 141,722 Cost of net revenue: Product 8,950 7,778 8,431 30,110 32,492 Service 3,654 3,952 2,844 13,498 9,765 Total cost of net revenue 12,604 11,730 11,275 43,608 42,257 Gross profit 41,868 35,378 24,860 134,092 99,465 Operating expenses: Research and development 9,243 8,901 7,859 35,048 25,432 Sales and marketing 23,946 17,997 14,303 69,914 51,906 General and administra- tive 3,614 3,272 3,025 12,985 11,609 Total operating expenses 36,803 30,170 25,187 117,947 88,947 Operating income/(loss) 5,065 5,208 (327) 16,145 10,518 Interest income 1,127 965 640 4,081 2,115 Other income (expense) 39 (82) (149) (311) (217) Income before income taxes 6,231 6,091 164 19,915 12,416 Provision for income taxes 484 358 18 1,124 275 Net income $5,747 $5,733 $146 $18,791 $12,141 Basic net income per common share $0.39 $0.39 $0.01 $1.29 $0.94 Diluted net income per common share $0.31 $0.32 $0.01 $1.08 $0.83 Shares used in computing basic net income per common share 14,808 14,704 13,839 14,594 12,965 Shares used in computing diluted net income per common share 18,582 18,177 14,969 17,453 14,642 BLUE COAT SYSTEMS, INC. Table 3 RECONCILIATION OF NON-GAAP TO GAAP NET INCOME AND EPS (In thousands, except per share amounts) (Unaudited) Three Months Ended Years Ended April 30, January 31, April 30, April 30, 2007 2007 2006 2007 2006 Net income excluding certain charges and benefits (Non-GAAP) $5,747 $5,733 $146 $18,791 $12,141 Amortization of intangible assets (Cost of revenue) (1) (311) (297) (241) (1,202) (630) Amortization of intangible assets (Opex)(1) (113) (112) (184) (619) (706) Stock-based (compensation) reversal (2) (1,890) (2,085) 582 (9,500) (3,380) Payroll taxes, penalties and interest (3) (1,668) - - (1,668) (1,118) Expenses related to stock option investigation and restatement (4) (2,524) (3,197) - (13,019) - Restructuring reversal (5) - - 48 19 48 In-process research and development (6) - - (3,300) - (3,300) Recovery (write-off) of capitalized software (7) - - - - (115) Net income/(loss) $(759) $42 $(2,949) $(7,198) $2,940 Diluted net income per common share excluding certain charges and benefits (Non-GAAP) $0.31 $0.32 $0.01 $1.08 $0.83 Amortization of intangible assets (Cost of revenue) (0.02) (0.02) (0.02) (0.07) (0.04) Amortization of intangible assets (Opex) (0.01) (0.01) (0.01) (0.04) (0.05) Stock-based (compensation) reversal (0.10) (0.11) 0.04 (0.54) (0.23) Payroll taxes, penalties and interest (0.09) - - (0.10) (0.07) Expenses related to stock option investigation and restatement (0.14) (0.18) - (0.75) - Restructuring reversal - - - - - In-process research and development - - (0.22) - (0.23) Recovery (write-off) of capitalized software - - - - (0.01) Anti-dilution adjustment for GAAP-based net loss - - (0.01) (0.07) - Diluted net income (loss) per share $(0.05) $(0.00) $(0.21) $(0.49) $0.20 Shares used in computing basic net income (loss) per common share 14,808 14,704 13,839 14,594 12,965 Shares used in computing diluted net income(loss) per common share (8) 18,582 18,177 14,969 17,453 14,642 (1) Amortization of intangible assets associated with the acquisitions of NetCache assets, Permeo Technologies, Inc., Cerberian, Inc., and Ositis Software, Inc., in September 2006, March 2006, November 2004 and November 2003, respectively. (2) Includes stock-based (compensation) reversal as follows: Cost of product $(89) $(108) $(13) $(467) $(32) Cost of service (132) (105) (13) (471) (57) Research and development (701) (810) (214) (3,325) (866) Sales and marketing (640) (637) (118) (3,169) (617) General and administration (328) (425) 940 (2,068) (1,808) Total stock-based (compensation) reversal $(1,890) $(2,085) $582 $(9,500) $(3,380) (3) Payroll taxes and associated penalties and interest related to the disqualification of stock options due to revised measurement dates. (4) Professional services associated with the Company's stock option investigation and related restatement. (5) In Q4 2006, the Company reversed certain restructuring reserves related to decreases in the estimated costs required to restore leased facilities to the condition stipulated in the related lease agreements. (6) Charge for acquired in-process research and development associated with the acquisition of Permeo in March 2006. (7) In fiscal Q2 2006, the company wrote-off $272,000 of capitalized software associated with a planning and budgeting system due to the software vendor's inability to deliver a functioning product. In fiscal Q3 2006, $157,000 was recovered from the software vendor and recognized as a benefit resulting in a net write-off for fiscal 2006 of $115,000. Both the write-off and recovery are included in general and administrative expense in the respective quarter. (8) For fiscal Q4 2006, diluted EPS for the purpose of reconciling non-GAAP to GAAP net income and EPS differs from shares used to calculate diluted EPS in our GAAP financial statements since the inclusion of certain instruments on a GAAP basis would have been anti-dilutive. BLUE COAT SYSTEMS, INC. Table 4 CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) April 30, April 30, 2007 2006 (Unaudited) ASSETS Current assets: Cash and cash equivalents $50,013 $46,990 Short-term investments 43,874 10,200 Restricted cash equivalents - short-term 4,120 996 Accounts receivable, net 32,079 22,285 Inventories 489 435 Prepaid expenses and other current assets 7,536 3,895 Total current assets 138,111 84,801 Property and equipment, net 9,309 8,059 Restricted cash - long-term 861 361 Goodwill 92,243 62,462 Identifiable intangible assets, net 7,674 7,758 Other assets 476 723 Total assets $248,674 $164,164 LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $12,051 $5,437 Accrued payroll and related benefits 11,710 7,451 Deferred revenue 41,910 25,946 Accrued restructuring 238 604 Other accrued liabilities 5,808 4,638 Total current liabilities 71,717 44,076 Deferred revenue, less current portion 13,858 7,844 Deferred rent, less current portion 1,585 1,996 Deferred income taxes 483 - Accrued restructuring, less current portion - 290 Other long-term liabilities 563 - Commitments and contingencies Series A redeemable convertible preferred stock 41,879 - Stockholders' equity: Preferred stock - - Common stock 2 2 Additional paid-in capital 1,028,409 1,014,493 Treasury stock (903) (903) Deferred stock compensation - (1,901) Accumulated deficit (908,930) (901,732) Accumulated other comprehensive income (loss) 11 (1) Total stockholders' equity 118,589 109,958 Total liabilities, redeemable convertible preferred stock and stockholders' equity $248,674 $164,164Blue Coat Systems, Inc.
CONTACT: Media, Steve Schick, +1-408-220-2076,
firstname.lastname@example.org, or Investors, Carla Chun, +1-408-220-2318,
email@example.com, both of Blue Coat Systems
Web site: http://www.bluecoat.com/
NEW HARTFORD, N.Y., May 29 /PRNewswire-FirstCall/ -- Responding to the need for safe food handling practices among restaurant operators, ParTech, Inc., a division of PAR Technology Corporation , has introduced the iQuality(TM) solution. The new technology helps foster food safety practices by delivering proactive support and enterprise control of HACCP (Hazard Analysis for Critical Control Point) programs in restaurants.
iQuality uses a combination of software, a temperature probe and a waterproof handheld device to support food safety and inspection programs in food service organizations. By automating the capture of checklist data and transmitting it to an enterprise database, iQuality enables restaurants to consistently collect critical food safety information across the business, streamline regulatory reporting with paperless procedures, and reinforce best practices when unsafe conditions are detected. If checkpoints are missed or unsafe conditions are detected, iQuality provides real-time feedback with recommended corrective actions.
"In today's restaurant environment, foodborne illness presents an ongoing and constant risk to a restaurant's reputation and business," said Karen Sammon, president of ParTech's Software Solutions division. "PAR's iQuality system provides the restaurant with an easy-to-use, automated food safety tool that will dramatically limit the risk of foodborne illnesses by monitoring critical control points in the restaurant."
According to Sammon, the iQuality application's use of the Internet to collect data and manage the application is representative of ParTech's enterprise strategy for new products. With iQuality, restaurant operators are able to set menu items and equipment definitions, define critical limits and corrective actions and construct checklists for workers to follow to help ensure the safety of the food. In addition, user updates and changes automatically synchronize to the handheld devices across the enterprise.
"At PAR, we believe technology can help restaurant chains to protect their customers and reputation," Sammon said. "Building on 30 years of innovation, we continue to expand our product portfolio with new solutions for today's changing restaurant environment."
ABOUT PARTECH, INC.
ParTech, Inc. creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. As the hospitality division of PAR Technology Corporation, ParTech has provided hardware, software and services to the world's largest restaurant chains and their franchisees for almost 30 years. Today the company's extensive offering includes technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by ParTech's global service network.
ABOUT PAR TECHNOLOGY CORPORATION
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence technology solutions. PAR develops, markets and supports hardware and software products that improve the ability of hospitality business professionals to make timely, fact-based business decisions. The company is the world's largest supplier of point-of-sale systems to the quick service restaurant market with more than 45,000 systems installed in more than 100 countries. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and other Federal Government Agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. More information can be found on the Company's website at http://www.partech.com/.
Certain Company information in this release or by its spokespersons from time to time may contain forward-looking statements. Any statements in this document that do not describe facts are forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, delays in new product introduction, risks in technology development and commercialization, risks in product development and market acceptance of and demand for the service sector of the restaurant market specifically, risks of intellectual property rights associated with competition and competitive pricing pressures, risks associated with foreign sales and high customer concentration, and other risks detailed in the Company's filings with the Securities and Exchange Commission.PAR Technology Corporation
CONTACT: Ann Dickerson of JohnstonWells Public Relations,
+1-303-623-3366, firstname.lastname@example.org, for PAR Technology Corporation
Web site: http://www.johnstonwells.com/
MACAU-ZHUHAI, China, May 29 /Xinhua-PRNewswire/ -- PacificNet, Inc. , a leading provider of gaming technology, e-commerce, and Customer Relationship Management (CRM) in China, announced today that it has recently opened an office in Zhuhai, a city adjacent to Macau, as a product development and R&D center to support its PacificNet Games Limited (PactGames) Macau office. PacificNet made the announcement at the 2007 Zhuhai-Macau Investment Environment Promotion and Trade Fair, which was held at the Zhuhai International Conference Hotel on May 28-29, and was sponsored by the Investment Promotion Agency of Ministry of Commerce of China, Department of Foreign Trade and Economic Cooperation of Guangdong Province, Macao Trade and Investment Promotion Institute, Zhuhai Municipal Government, Hong Kong Trade Development Council, Commercial Service of the U.S. Consulate General Guangzhou, and the American Chamber of Commerce.
"We welcome PacificNet's choice in choosing Zhuhai as an R&D technology development center," commented Mr. Chen HongHui, Deputy Mayor of Zhuhai." Zhuhai has been wisely chosen by some of the leading multinational companies as their R&D and production centers especially in the high tech industry."
"We were glad to choose Zhuhai as our technology R&D center as we were impressed by the availability of stable IT professionals, an educated and cost-effective workforce, a healthy and clean living environment, and continuous software and IT training offered by numerous local colleges and universities, as well as government incentives and supportive policies," said Tony Tong, CEO of PacificNet. "The synergistic effect between Zhuhai and Macau is a clear advantage for us as our Zhuhai R&D center serves as an effective back-office in supporting the sales and marketing efforts of PacificNet Games products in Macau as well as for the rest of Asia."
The 2007 Zhuhai-Macau Investment Environment Promotion and Trade Fair was designated to promote the investment in Zhuhai especially in the service, IT, logistics industries. For more information on the 2007 Zhuhai-Macau Investment and Trade Fair, please visit:
PacificNet is a member of the American Chamber of Commerce in South China (Amcham).
About Zhuhai and Macau, China
Designated a Special Economic Zone (SEZ) in 1980, Zhuhai is on the southern coast of Guangdong province on the south-west side of the Pearl River Delta, adjacent to Macau. Zhuhai has benefited greatly from its proximity to Macau and grown as a powerful modern port city, science and education city, scenic and tourism city, and as a regional hub for transportation. The attractive environment and natural landscapes win Zhuhai the reputation of a garden city and a model city of best living environment in China. Zhuhai's Hengqin Island is about 3 times the size of Macau, and is connected to Macao's Cotai via the Lotus Bridge. The reclaimed island of Hengqin is 96km(2) (37 square miles) and has broad bays, sandy beaches, beautiful scenery, fresh air, and natural vegetation cover. There is a proposal to develop Hengqin Island into a resort area.
Macau is a Special Administrative Region of China, bordering on the south of Zhuhai. As of the end of 2006, Macau (a Special Administrative Region of the People's Republic of China) has become the largest and fastest-growing gaming market in the world, and has surpassed the Las Vegas Strip in total revenues. According to statistics provided by Macau government, in 2006, Macau's gaming revenues exceeded US$7 billion (MOP 56.2 billion patacas), surpassing the Las Vegas Strip gaming revenues of US$6.6 billion. Macau borders Zhuhai City of Guangdong Province of China, one of the country's wealthiest and most developed regions and is an hour away from Hong Kong via ferry. In 2006, the number of tourists visiting Macau reached an all-time record of 22 million, an increase of 17 percent compared with 2005, of which 55%, or 12 million visitors, were from mainland China. At the end of 2006, there were 22 casinos, 83 hotels and similar establishments in Macau with close to 13,000 rooms. By 2010, the number of tourists is expected to nearly double to almost 30 million visitors per year. Approximately one billion people live within a three-hour flight of Macau. Numerous hotel, gaming, and other projects are in the works in Macau which are expected to add over 10,000 guest rooms and over 20,000 live entertainment seats in eight separate venues. The number of hotel-casinos in operation and in development in Macau continues to grow, including well-known Chinese names such as Galaxy and Melco, and famous Las Vegas names such as the Sands, the Venetian, Wynn Resort and Crown Macau. With the disposable income of the average Chinese on the rise, Macau's gaming and entertainment market is expected to grow for years to come. Macau is the only area in China where gambling is legal.
PacificNet, Inc. (http://www.pacificnet.com/) is a leading provider of gaming technology, e-commerce, and Customer Relationship Management (CRM) in China. PacificNet's gaming products are specially designed for Chinese and Asian gamers with focus on integrating localized Chinese and Asian themes and content, advanced graphics, digital sound effects and popular domestic music, with secondary bonus games and jackpots. PacificNet gaming products include: Multi-player Electronic Table Games - Baccarat, Sicbo, Fish-Prawn-Crab, and Roulette machines, Server-Based Games (SBG) with multiple client betting stations, slot and bingo machines, Video Lottery Terminals (VLTs), Amusement With Prizes (AWP) machines, gaming cabinet and client/server system designs, online i-gaming software design, and multimedia entertainment kiosks. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Asia, and Europe, while ecommerce and CRM clients include the leading telecom companies, banks, insurance, travel, marketing and business services companies and telecom consumers in Greater China such as China Telecom, China Mobile, Unicom, PCCW, Hutchison Telecom, Bell24, Motorola, Nokia, SONY, TCL, Huawei, American Express, Citibank, HSBC, Bank of China, Bank of East Asia, DBS, TNT, China and Hong Kong government. PacificNet employs about 1,200 staff in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shanghai, Shenzhen, Guangzhou, Macau and Zhuhai China, USA, and the Philippines.
Contact: PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678 PacificNet Beijing office: Ada Yu, Tel: +86 (10) 59225000 23rd Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang District, Beijing, China 100028 PacificNet Shenzhen Office: Tel: +86 (10) 33222088 Room 4203, JinZhongHuan Business Center, Futian District, Shenzhen, China 518040 PacificNet Macau office: Tel: +853 28704154 Unit A-C, 12th Floor, Edificio Commercial I Tak, No. 126, Rua Da Pequim, Macau, China.PacificNet, Inc.
CONTACT: Jacob Lakhany of PacificNet USA, +1-605-229-6678, or Ada Yu of
PacificNet Beijing, +86 (10) 59225000; or PacificNet Shenzhen Office,
+86 (10) 33222088, or PacificNet Macau office, +853 28704154
Web site: http://www.pacificnet.com/
SAN DIEGO, May 29 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated announced that a federal jury in Santa Ana, California returned verdicts today finding that certain of QUALCOMM's products infringe three patents owned by Broadcom Corporation. The jury found that QUALCOMM does not infringe one claim of one of the Broadcom patents. The three patents at issue in this case (U.S. Patents Nos. 6,847,686; 6,389,010; and 5,657,317) were acquired by Broadcom from third parties and then asserted by Broadcom against certain QUALCOMM products. The court set a hearing for June 18 to schedule post-trial motions and further proceedings, including whether any injunctive relief is appropriate.
Broadcom filed the lawsuit in May 2005, alleging that five of its patents had been infringed. During the course of the litigation, Broadcom dismissed one patent, and the court stayed the case with respect to a second patent. Broadcom had purchased all the patents at issue, and none of the patents Broadcom litigated at trial were inventions developed specifically in connection with cellular technology or standards.
The jury awarded Broadcom a total of $19.6 million in damages and found that QUALCOMM's infringement was willful. A damages award may be increased up to three-fold for willful infringement. The trial judge will determine whether there should be any increase in the damages award based on the finding of willfulness.
"We continue to believe that none of the Broadcom patent claims are valid or were infringed by QUALCOMM, and we will challenge the jury's findings of infringement, validity and willfulness in post-trial motions and on appeal if necessary," said Lou Lupin, executive vice president and general counsel, QUALCOMM.
QUALCOMM Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2007 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 24, 2006, and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other trademarks are the property of their respective owners.
QUALCOMM Contacts: Emily Kilpatrick, Corporate Communications Phone: 1-858-845-5959 Email: email@example.com John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: firstname.lastname@example.orgQUALCOMM
CONTACT: Emily Kilpatrick, Corporate Communications, +1-858-845-5959, or
email@example.com , or John Gilbert, Investor Relations, +1-858-658-4813,
or firstname.lastname@example.org , both of QUALCOMM
Web site: http://www.qualcomm.com/
LONDON, May 29 /PRNewswire-FirstCall/ -- WHO: Marc Sluijs, business consultant of Agile Software Corporation , a leading provider of product lifecycle management (PLM) solutions will present "Uncovering the Hidden Value in your Packaging and Labeling Processes" at Visiongain's Pharmaceutical Packaging & Labeling Congress 2007 in London.
WHAT: This presentation will discuss how leading pharmaceutical companies are using Agile PLM to enable more effective and efficient processes throughout the product lifecycle. In this discussion, case studies will be used to demonstrate how leading pharmaceutical companies are improving their packaging and labeling processes, benefits these companies have realized and what prerequisites were needed for a successful transformation.
WHEN/WHERE: The Pharmaceutical Packaging & Labeling Congress is taking place 29-30 May 2007 at the BSG House, 226-236 City Road, UK. Agile Software will be presenting on Tuesday, 29 May, 2007 at 12:20 p.m. Agile Software will be on site for the duration of the conference.
FOR INFORMATION: For more information, go to http: Pharmaceutical Packaging & Labeling Congress 2007
About Agile Software Corporation
Agile Software Corporation helps companies drive profits, accelerate innovation, improve quality, enable globalization and ensure regulatory compliance throughout the product lifecycle. With a broad suite of enterprise class PLM solutions and time-to-value focused implementations, Agile helps companies get the most from their products. 3COM, Acer, Bayer, Broadcom, CooperVision, Dell Inc., Flextronics International, Foxconn, GE Medical Systems, Harris, Heinz, Johnson & Johnson, Johnson Diversey, Lockheed Martin, McAfee, McDonald's, Micron, Philips, QUALCOMM, Sharp, Shell, Siemens and ZF are among the over 11,000 customers in the automotive, aerospace and defense, consumer packaged goods, electronics, high tech, industrial products, and life sciences industries that have licensed Agile solutions. For more information, call 408-284-4000 or visit http://www.agile.com/.Agile Software Corporation
CONTACT: Cathy Clarke of Agile Software Corporation, +441344 747595,
Web site: http://www.agile.com/
SAN ANTONIO, May 29 /PRNewswire-FirstCall/ -- AT&T Inc. will webcast a presentation by Vice President of Advanced Network Technologies Ernie Carey at the Deutsche Bank's 2007 Media & Telecommunications Conference in New York on Tuesday, June 5 at 9:10 a.m. Eastern Daylight Time. The webcast will be available live and for replay at http://www.att.com/investor.relations.
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. 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. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. 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/.
(C) 2007 AT&T Knowledge Ventures. All rights reserved. Subsidiaries and affiliates of AT&T Inc. provide products and services under the AT&T brand. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.AT&T Inc.
CONTACT: McCall Butler of AT&T Inc., +1-703-731-3735,
CHICAGO, May 29 /PRNewswire-FirstCall/ -- Telephone and Data Systems, Inc. will be presenting at the Deutsche Bank Securities 2007 Media & Telecommunications Conference in New York City on June 4, 2007.
Kenneth R. Meyers, executive vice president and chief financial officer of Telephone and Data Systems, Inc. will be presenting at 11:40 a.m. (EDT). Mark A. Steinkrauss, vice president, Corporate Relations, will also be at the conference.
The presentation will be webcast both live and on-demand. To listen to the webcast on the web, please visit the Company Presentation page of http://www.teldta.com/ at least 15 minutes before the beginning of the scheduled presentation to register, download and install any necessary multimedia streaming software.
TDS is a diversified telecommunications corporation founded in 1969. Through its business units, U.S. Cellular and TDS Telecom, TDS operates primarily by providing wireless, local telephone and broadband services. As of March 31, 2007, the company employed 11,600 people and served 7.2 million customers/units in 36 states.
About U.S. Cellular
As of March 31, 2007, U.S. Cellular Corporation, the nation's sixth-largest wireless service carrier, employed 8,000 associates and provided wireless service to 6 million customers in 26 states. The Chicago-based company operates on a customer satisfaction strategy, meeting customer needs by providing a comprehensive range of wireless products and services, superior customer support, and a high-quality network.Telephone and Data Systems, Inc.
CONTACT: Julie D. Mathews, Manager, Investor Relations of TDS,
Web site: http://www.teldta.com/
REDWOOD SHORES, Calif., May 29 /PRNewswire-FirstCall/ -- Oracle today announced that the Services and Support Professionals Association (SSPA) awarded Oracle(R) Support two prestigious awards -- "Best Knowledge Management Practices" and "Best Value-Added Support." The SSPA awards have become one of the highest honors in the service and support industry and recipients of the awards are acknowledged by their peers to be the best in the business. The awards recognize Oracle's industry leadership in delivering high value-added services to its customers.
(Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
"Oracle sets the industry standard for excellence in value-added support," said Stephen Smith, executive director of the SSPA. "Once again, Oracle has raised the bar on customer service excellence. Their value-added services help accelerate and maximize customer return on investment while simultaneously enhancing customer experience and satisfaction."
"We are honored to, once again, receive this recognition by SSPA and our peers in the industry," said Juergen Rottler, executive vice president of Oracle Customer Services. "Over the past five years, we've received a total of 11 SSPA awards; further validating our ongoing commitment to service excellence and innovation in delivering a superior ownership experience to our customers."
Oracle continues to extend the breadth and depth of its knowledge management systems and value-added services. In order to provide customers the most complete and up-to-date information on Oracle products, the Company also maintains a knowledge base of over 340,000 articles supporting more than 650 products.
Oracle Configuration Support Manager is an engineered service innovation that has significantly improved the way customers manage, track, and support their Oracle environments. A proactive automated service; Configuration Support Manager helps customers significantly lower the resource requirements involved in maintaining and enhancing their Oracle solutions. Integrated with automated HealthChecks and security alerts, Configuration Support Manager prevents critical issues and increases systems performance and availability to provide customers a superior ownership experience.
Oracle's Advanced Customer Services helps customers align their technology strategy with their business priorities. Customers can choose from a portfolio of proactive services to derive greater business value and benefit from their Oracle solutions with direct access to Oracle experts who provide customized services tailored to customer business priorities.
Oracle has a proven track record and a long history of industry recognition for its world-class services. As a result, Oracle was the first enterprise software provider to receive the global certification under the J.D. Power and Associated Certified Technology Service and Support Program. Additionally, the company has received high marks from numerous industry organizations for delivering exceptional services and support. For more information about Oracle Support, please visit http://www.oracle.com/support.
Oracle (Nasdaq GS: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
CONTACT: Letty Ledbetter of Oracle, +1-650-506-8071, or
Web site: http://www.oracle.com/
ATLANTA, May 29 /PRNewswire-FirstCall/ -- Southern Company and the National Fish and Wildlife Foundation today announced that seven additional grants have been awarded to conservation and natural resource agencies through the Power of Flight and Longleaf Legacy partnership programs.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO )
"The grants will help these respected organizations continue their efforts to restore bird populations and longleaf pine habitats in the Southeast," said Chris Hobson, Southern Company's senior vice president for research and environmental affairs. "Southern Company is pleased to provide these grants through its continued partnership with the National Fish and Wildlife Foundation."
Since 2002, Southern Company and the National Fish and Wildlife Foundation have contributed more than $5.3 million through 69 grants to the Power of Flight and Longleaf Legacy programs. In addition, grant recipients have contributed more than $7.7 million in matching funds, resulting in an on-the- ground conservation impact of more than $13 million since the program's inception.
"Southern Company is bringing together the conservation community to work cooperatively on bird conservation and longleaf pine restoration in a way that has never been done before," said Jeff Trandahl, National Fish and Wildlife Foundation's executive director. "It's a remarkable example of how a corporation can help lead the way on natural resource conservation."
Through these two programs, more than 150,000 acres of longleaf pine and other critical habitat on public and private lands have been restored or enhanced to the benefit of bird populations across the Southeast.
Five grants were awarded under the Power of Flight program: -- Wildlife Foundation of Florida - to promote ecotourism and habitat conservation through birdwatching and use of the Great Florida Birding Trail. This project will facilitate a two-day birding tourism workshop for county officials and private landowners in the Florida panhandle and also fund improvements to the Great Florida Birding Trail such as interpretive signage, benches, trail improvements and educational kiosks. -- U.S. Fish and Wildlife Service - to restore approximately 200 acres of degraded tidal freshwater wetlands within the Savannah National Wildlife Refuge and provide critical habitat for a variety of plants and animals. This project will aid in cleaning the network of internal canals to improve water level and restore the ability to effectively manage and maintain the wetlands, creating lasting benefits for wildlife and the public. -- Mississippi State University - to provide a baseline of ecological information regarding marshbirds of conservation concern in coastal Mississippi. This is the third year Southern Company has supported this program and continues the effort to develop a coastal marshbird conservation program based on long-term monitoring, research and management. -- Avian Research and Conservation Institute - to apply management and educational measures to increase nest success, productivity, and survival of swallow-tailed kites. The swallow-tailed kite population has seen a marked decline in the past fifty years and is considered a species of critical conservation concern by the U.S. Fish and Wildlife Service. This project will focus on lands proven to be habitually used nesting areas and apply management techniques identified as the most cost-effective ways to increase the population. -- National Wild Turkey Federation - to restore 3,000 acres of habitat and support the recovery of red-cockaded woodpecker populations to the Piedmont National Wildlife Refuge and the Oconee National Forest. This project will create corridors between occupied and unoccupied woodpecker clusters across the boundaries of the public lands. Two grants were awarded under the Longleaf Legacy Program: -- Mississippi Department of Wildlife, Fisheries and Parks - to restore 700 acres of longleaf pine over the course of five years at the T.M. Wildlife Reserve. The restored land will be managed for game and non- game wildlife, and will provide an area for landowners to learn of the benefits associated with restoring longleaf pine. -- National Wildlife Federation - to establish 10,000 acres of longleaf pine in three years and initiate private landowner outreach, education, and technical assistance programs in Alabama. The long-term goal is to expand this program across each state within the historic range of the longleaf pine ecosystem.
Visit http://www.southerncompany.com/planetpower to view fact sheets on the Power of Flight and Longleaf Legacy programs or to see a complete listing of awards granted.
With 4.3 million customers and more than 41,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed one of the top ranking U.S. electric service providers in customer satisfaction for eight consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/.
A nonprofit established by Congress in 1984, The National Fish and Wildlife Foundation sustains, restores and enhances the nation's fish, wildlife, plants and habitats. Through leadership conservation investments with public and private partners, the Foundation is dedicated to achieving maximum conservation impact by developing and applying best practices and innovative methods for measurable outcomes. Since its establishment, the Foundation has awarded over 8,000 grants to over 3,000 organizations in the United States and abroad and leveraged - with its partners - more than $340 million in federal funds, for a total of over $1 billion in conservation.Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO
CONTACT: Mike Tyndall of Southern Company, +1-404-506-5333, or
+1-866-506-5333, or email@example.com
Web site: http://www.southerncompany.com/
CHICAGO, May 29 /PRNewswire-FirstCall/ -- United States Cellular Corporation will be presenting at the Bear Stearns 18th Annual Technology/Communications/Internet Conference in New York City on June 11, 2007.
Steven T. Campbell, executive vice president-Finance and chief financial officer of U.S. Cellular will be presenting at 3:15 p.m. (EDT). Thomas S. Weber, vice president Financial Strategy, U.S. Cellular and Mark A. Steinkrauss, vice president, Corporate Relations of Telephone and Data Systems, Inc., will also be at the conference.
The presentation will be webcast both live and on-demand. To listen to the webcast on the web, please visit the Company Presentation page of http://www.uscellular.com/ at least 15 minutes before the beginning of the scheduled presentation to register, download and install any necessary multimedia streaming software.
About U.S. Cellular
As of March 31, 2007, U.S. Cellular Corporation, the nation's sixth-largest wireless service carrier, employed 8,000 associates and provided wireless service to 6 million customers in 26 states. The Chicago-based company operates on a customer satisfaction strategy, meeting customer needs by providing a comprehensive range of wireless products and services, superior customer support, and a high-quality network.
For more information, please visit http://www.teldta.com/ or http://www.uscellular.com/.United States Cellular Corporation
CONTACT: Julie D. Mathews, Manager, Investor Relations, +1-312-592-5341,
firstname.lastname@example.org, for United States Cellular Corporation
Web site: http://www.uscellular.com/
BRUXELLES, May 29 /PRNewswire/ --
---------------------------------------------------------- RENTABILIWEB : CA T1 2007 en hausse de 39% ---------------------------------------------------------- Ca consolidé (en milliers 2005(*) 2006 var d'euros) ---------------------------------------------------------- 1er trimestre 3 210 4 461 +39,0% ---------------------------------------------------------- (*) CA trimestriel 2006 non audité
Avec 39% de progression de son chiffre d'affaires au 1er trimestre 2007, Rentabiliweb démarre l'exercice sur des bases solides. Cette croissance est supérieure à celle du secteur, et s'appuie uniquement sur les activités existantes (croissance organique) qui affichent toutes une forte progression.
L'activité historique de micro-paiement a très bien performé au 1er trimestre, et représente environ 85% du chiffre d'affaires.
L'activité de régie publicitaire, qui a démarré à la fin du T2 2006, est en fort développement d'un trimestre à l'autre et constitue l'essentiel des 15% restants.
Les autres activités ont pour le moment un chiffre d'affaires peu significatif. La plateforme multimédia Toox.com, lancée il y a à peine un an, est encore peu monétisée, mais se développe rapidement avec près de 500 000 inscrits, qui se partagent entre la web radio, les espaces mobiles, et les jeux online.
Par ailleurs, l'activité d'hébergement, Rentabiliweb Multimedia consécutive à l'acquisition d'Eiole annoncée en mars dernier, génèrera une activité conséquente à compter du deuxième semestre.
<< La remontée de la part du micro-paiement au 1er trimestre, qui est habituellement un trimestre faible, est une bonne surprise qui démontre le dynamisme de notre activité historique. D'un autre côté les activités de régie publicitaire et d'édition, à plus fortes marges, continuent à croître très fortement et devraient reprendre sur l'ensemble de l'exercice une part significative>> déclare Jean-Baptiste DESCROIX-VERNIER, Président du Groupe.
A propos de Rentabiliweb
Créé en 2001, Rentabiliweb propose la plus importante plate-forme de services pour rentabiliser un site web, et est actuellement le seul fournisseur proposant à la fois :
- Des solutions de micropaiement : audiotel, SMS+, Internet+, jeux instant gagnant, votes par SMS...
- Des contenus payants clés en main
- Une régie publicitaire en ligne, 128b.com
- Une plateforme de vente aux enchères des espaces publicitaires des sites
Rentabiliweb s'est imposé en quelques années comme un des leaders Européens des solutions de micro paiement sur Internet.
Rentabiliweb, c'est aussi :
- Un Studio de développement en Russie : Rentabiliweb Agency, spécialisée dans la programmation de logiciels, de sites Internet et de jeux vidéos,
- Un pole d'édition directe, avec TooX.com, communauté gratuite de jeux et de dialogue.
Avec une croissance exponentielle depuis sa création, Rentabiliweb fait partie des acteurs Internet qui ont su s'imposer et se développer en choisissant un business model traditionnel qui privilégie développement commercial, solidité financière et expertise métier.
Rentabiliweb regroupe 5 filiales et plus de 50 collaborateurs dans le monde. En 2006, Rentabiliweb a généré 16,5 millions d'Euros de chiffre d'affaires. Rentabiliweb est coté en bourse, sur Alternext, depuis le 6 décembre 2006.
Le présent communiqué ne constitue pas un appel public à l'épargne. La société précise que l'introduction en bourse mentionnée ci-dessus était réservée aux investisseurs professionnels et qualifiés et que la detention des titres Rentabiliweb est également réservée aux seuls investisseurs qualifiés.
Contacts Presse Calyptus Mathieu Calleux Tel : +32-(0)1-53-65-37-91 Fax : +32-(0)1-53-65-68-60 email : email@example.comRentabiliweb
Contacts Presse: Calyptus, Mathieu Calleux, Tel : +32-(0)1-53-65-37-91, Fax : +32-(0)1-53-65-68-60, email : firstname.lastname@example.org
In the news release, Venezuela-based Generic Drugs Manufacturer, Laboratorios Kimiceg, Implements Epicor(R) for Pharmaceutical Solution, issued earlier today by Epicor Software Corporation over PR Newswire, the dateline should read "IRVINE, Calif. and CARACAS, Venezuela" rather than "CARACAS, Mexico" as incorrectly transmitted by PR Newswire.Epicor Software Corporation
TORONTO, May 29 /PRNewswire-FirstCall/ -- Workbrain, the leading provider of workforce management solutions for large enterprises (TSX: WB), continues to lead the industry in reducing the total cost of ownership of workforce management solutions. The company announced the launch of its Feature Pack program, the industry's only product release strategy that delivers valuable functional and technical enhancements optionally, outside of major releases. The Feature Pack program lengthens major release cycles and extends support for major releases while still providing frequent enhancements to the proven Workbrain 5.0 platform. The strategy significantly reduces the need for clients to perform major upgrades and further reduces the cost of ownership of Workbrain solutions.
"In a traditional product release strategy, organizations are challenged to balance major upgrades with the need to continually adopt the enhancements in a new product release. It's an unfortunate catch-22 because major upgrades increase the cost of ownership yet they are the primary way most vendors deliver value to their clients," said Tony Marzulli, Workbrain's Senior Vice President of Products and Marketing. "We're solving that problem with a formalized program that extends the time between major product releases, but still allows our clients to realize the benefits of product, industry and technical enhancements without being forced into a major upgrade."
Feature Packs give clients complete control over their systems by allowing them to selectively enable only the features they want. Features are non-invasive and each Feature Pack is field-tested by clients before they are made generally available. The program allows clients to enjoy the stability of a mature environment and focus on continually increasing the business value of solutions their instead of performing platform upgrades.
Released in May, Workbrain's first Feature Pack includes improved utilities that cut installation time by 50%; enhanced schedule configuration that allows staffing requirement changes to groups of locations in minutes; more powerful schedule editing sort, filter and zoom capabilities; and other performance, productivity and usability enhancements. Feature Packs are offered at no additional cost to existing Workbrain clients on current support and are delivered throughout the year.
Web Seminar Showcases New Solution
Workbrain's new Feature Pack program is featured in a complimentary web seminar. To view the web seminar, please visit http://www.workbrain.com/ondemandseminar.
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, absence management and workforce analytics on a single platform. For more information, please visit http://www.workbrain.com/.
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.
(C) Copyright 2007 Workbrain Corporation. All rights reserved.Workbrain Corporation
CONTACT: Pat Ladisa, Corporate Communications, (416) 421-6700 ext 2579,
NEW YORK, May 29 /PRNewswire/ -- Two senior executives of Teletrax, the global broadcast intelligence company, will address three major upcoming media and entertainment industry events. Teletrax has enhanced its marketing momentum over the past year with a steady increase in marketing activities, resulting in raised visibility. Andy Nobbs, president, will speak on panels at Digital Hollywood Spring and Broadcast Live, while Peter Winkler, chief marketing officer, will moderate a discussion hosted by the Association of Media Entertainment and Counsel. Teletrax is a subsidiary of Medialink Worldwide Incorporated .
An experienced speaker on worldwide digital rights and content management, Nobbs has participated in a number of major panel discussions around the world, including past Digital Hollywood events. At Digital Hollywood Spring, Nobbs will speak on a panel, "DRM Implementation in Media and Entertainment: From Standardization to Implementation of New Technology Strategies," in Santa Monica on Wednesday, June 13, at 12:30 p.m. The discussion will focus on digital rights management and the potential of new technologies in content protection for the media and entertainment industries, and will also include speakers from All Access Group, Digimarc Corporation, IBM Research Division, Intertrust, Sony Corporation of America, and Verimatrix.
Nobbs will also speak at Broadcast Live, a U.K.-based event that provides businesses with the knowledge and technology needed to succeed in the multi- platform future. The panel discussion, titled, "Managing Digital Rights: Allow Your Content to Walk Free," will take place in London on Tuesday, June 19, at 2:15 p.m. Participants from companies, including Clifford Chance, MSN UK and Zig Zag Productions, will discuss and offer guidance on content rights, illegal downloads and anti-piracy issues across platforms.
Winkler is an entertainment and digital media expert and has participated in a number of speaking engagements on related topics. He will moderate the Association of Media Entertainment and Counsel's panel discussion, "The Merger and Acquisition Shake-up in the Media and Entertainment Industry and Bi- coastal Deal-Marking." The discussion will focus on the factors driving industry consolidation in media, communications and technology. The event will take place in New York on Tuesday, June 5, at 5:30 p.m. Panelists include executives from AOL, CBS, Cozen O'Connor, and Van Tulleken Company.
"2007 is shaping up as a watershed year for Teletrax, as significant advancements to the company's business including marketing strategy continue to be made," said Andy Nobbs, president of Teletrax. "The importance of raising awareness on all fronts through marketing efforts, including speaking engagements, will contribute to the elevation of important issues such as digital content monitoring and management, which will further the progress of the industry and ultimately the Teletrax business."
Teletrax offers the only digital video monitoring and content tracking service that provides vital television intelligence on a global scale to video providers such as entertainment studios, news organizations, sports leagues, TV syndicators, and the advertising industry. Launched in 2002 as a service developed by a joint venture between Royal Philips Electronics of the Netherlands and Medialink, with an underlying technology that is patent protected both by Philips and Digimarc Corp. , Teletrax's technology embeds an imperceptible and indelible digital watermark into video whenever it is edited, transmitted, broadcast or duplicated.
A global network of detectors then captures all occurrences of the embedded video being transmitted and generates tracking reports for the content owners. Reports of individual broadcast airings are delivered online in near real-time to each client's custom-designed portal or in data file transfers. Each client's broadcast activity is updated dynamically, 24 hours a day, enabling clients to respond immediately to reported results such as changes in end-user preferences or detections of unauthorized use.
Teletrax currently maintains a proprietary network of detectors that monitors the television broadcasts of nearly 1,500 channels from more than 50 nations including the top 210 markets in the United States, representing more than 90% of all U.S. television households. Its international network covers television stations across Europe, Asia, the Middle East, Australia, South and Central America, and Canada.
Entertainment, news and media organizations both within and outside of the United States that also have contracted to use Teletrax for the tracking of news video, advertising or promotional content include ABC Television Network, BBC, Buena Vista Television, Fox Broadcasting Company, NBC News Channel, The NBC Agency, NBC Universal Domestic Television, Reuters Television, Tribune Entertainment, United Nations, ITN Networks, Euro RSCG 4D DRTV, and Medialink. A number of other companies are also in active trials with the Teletrax service.
Teletrax (http://www.teletrax.tv/) is the world's first global digital video broadcast intelligence and video asset management service. Launched in 2002, Teletrax provides clients with video watermarking services that enable them to precisely track and monitor where, when and how their content is being aired via cable, satellite and terrestrially. Clients can easily evaluate, respond to and manage broadcast information relating to their video content through Teletrax's Web-based reporting tools. Teletrax yields critical media intelligence that is of proven value to motion picture studios, news organizations, network and syndicated TV programmers, TV sports producers and distributors, brand marketers, corporate communicators, and advertising and public relations agencies. Teletrax is headquartered in London, has offices in New York and Hollywood, and maintains its operations hub in Norwalk, Connecticut.
Medialink (http://www.medialink.com/) is a global leader in providing unique news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their intended audiences with maximum impact on television, radio, print, and the Internet. The Company offers creative services and multimedia distribution programs including video and audio news and short-form programming. Through its majority-owned subsidiaries, Medialink also provides Teletrax(TM), a global television tracking and media asset management service to help clients evaluate return on investment from their programming and advertising efforts. Teletrax is 76%- owned by Medialink and 24%-owned by Royal Philips Electronics. Based in New York, Medialink has offices in major cities throughout the United States and an international hub in London.
With the exception of the historical information contained in the release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Actual results may vary materially from those expressed or implied by the statements herein. Such statements may relate, among other things, to our ability to respond to economic changes and improve operational efficiency, the benefits of our products to be realized by our customers, or our plans, objectives, and expected financial and operating results. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances or using words such as: will, believe, anticipate, expect, could, may, estimate, project, plan, predict, intend or similar expressions that involve risk or uncertainty. These risks and uncertainties include, among other things, our recent history of losses, our ability to achieve or maintain profitability; potential regulatory action; worldwide economic weakness; geopolitical conditions and continued threats of terrorism; effectiveness of our cost reduction programs; the receptiveness of the media to our services; changes in our marketplace that could limit or reduce the perceived value of our services to our clients; our ability to develop new services and market acceptance of such services, such as Teletrax; the volume and importance of breaking news, which can have the effect of crowding out the content we produce and deliver to broadcast outlets on behalf of our clients; our ability to develop new products and services that keep pace with technology; our ability to develop and maintain successful relationships with critical vendors; the potential negative effects of our international operations on the Company; future acquisitions or divestitures, which may adversely affect our operations and financial results; the absence of long term contracts with customers and vendors; and increased competition, which may have an adverse effect on pricing, revenues, gross margins and our customer base. More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission, including the Company's registration statement, most recent quarterly report on Form 10- Q, most recent annual report on Form 10-K and other publicly available information regarding the Company. Medialink Worldwide Incorporated is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Peter Winkler Maria Di Masi Chief Marketing Officer PR/Marketing Manager Teletrax Teletrax Tel: 323-465-9004, x225 Tel: 212-812-7010 email@example.com firstname.lastname@example.orgMedialink
CONTACT: Peter Winkler, Chief Marketing Officer, +1-323-465-9004, x225,
or email@example.com, or Maria Di Masi, PR-Marketing Manager, +1-212-812-
7010, or firstname.lastname@example.org, both of Teletrax
Web site: http://www.teletrax.tv/
POMPANO BEACH, Fla., May 29 /PRNewswire-FirstCall/ -- Onstream Media Corporation , a leading online service provider of live and on- demand, digital media communications and applications, reported today that it has completed development of several enhancements to its VisualWebcaster(TM) platform that are designed to allow the company to maintain its technology lead in the webcasting marketplace. The upgrades to the VisualWebcaster platform will be deployed today.
Notable among the new enhancements to the platform are: Live Quicktime streaming to reach Apple users; Flash streaming; Corrective Polling, a webcast feature that offers corrective feedback to training program participants; a comprehensive online editing tool for webcasts; Client/Agent customization tools for player design and; Instant Messaging for communication between multiple presenters. Additionally, the VisualWebcaster(TM) platform will be fully integrated with the company's Digital Media Services Platform (DMSP) for hosting, searching and streaming archived webcasts.
"These new enhancements to our industry-leading webcasting platform represent yet another important step forward in providing a complete solution for all of our clients' digital media communications requirements," said Randy Selman, president and chief executive officer of Onstream Media. "Our new technology upgrades not only provide many new conveniences and improved efficiency, but integrate the latest technology available to provide the best video and sound quality and as a result the best possible user experience. Our upgraded webcasting platform, including its integration with our DMSP, provides our webcasting clients with the best in class tools and services needed to more efficiently and effectively distribute the growing body of media-rich information vital to their communications and marketing needs."
The enhanced VisualWebcaster(TM) platform also boasts a variety of new features in the embedded media player, including:
-- Automatically sizing of player for a user's screen when the webcast has slides -- Expanded support for multiple layouts -- Smaller player if webcast does not have slides -- Support for 480x360 video size -- Stream selection from player instead of Listen Page -- Transition effects when slides change -- Support for playing Flash SWF when "pushed" from Visual Presenter -- Expanded support for various background themes and colors
Resellers of Onstream Media's VisualWebcaster(TM) platform will also enjoy a variety of upgrades designed specifically to enhance their individualized product offerings, including the easier upload and selection of client images, an integrated HTML editor, and the ability to fully customize colors or themes, create custom buttons to link to HTML content/external links and the custom positioning of images and text.
About Onstream Media:
Onstream Media Corporation is a leading online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content on the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user-generated content in combination with social networks and online video classifieds. Onstream Media also provides live and on-demand webcasting, webinars, web and audio conferencing services. Almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, Thomson Financial/CCBN, and the U.S. Government. For more information, visit Onstream Media at http://www.onstreammedia.com/ or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to, fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
Media Relations: Beth Amorosi FastLane Communications 917-208-7489 email@example.com Investor Relations: Gary Geraci Equity Performance Group 617-723-2373 firstname.lastname@example.orgOnstream Media Corporation
CONTACT: Media Relations, Beth Amorosi of FastLane Communications,
+1-917-208-7489, email@example.com, or Investor Relations, Gary Geraci of
Equity Performance Group, +1-617-723-2373, firstname.lastname@example.org
Web site: http://www.onstreammedia.com/
FT. LAUDERDALE, Florida and AMHERST, New York, May 29 /PRNewswire-FirstCall/ -- InkSure Technologies Inc. (BULLETIN BOARD: INKS) , a leading provider of covert machine-readable authentication solutions, and IIMAK (International Imaging Materials, Inc.), the world's largest manufacturer of thermal transfer ribbons, today announced that they have entered into an Exclusive International Authentication Distribution Agreement for the joint development and marketing of TrackSure(TM) covert barcode solutions for the prevention of product diversion.
The Agreement provides that IIMAK will be InkSure's exclusive thermal transfer ribbon (TTR) supplier, and InkSure will be IIMAK's exclusive supplier of security taggants, where TTR technology is used for the printing of covert barcodes. Both companies agree to market the InkSure-encoded IIMAK TTR for the printing of covert barcodes directly and through their respective distribution channels.
"We are please to enter into this agreement with InkSure. We feel that this partnership and the development of TrackSure will be a huge asset to IIMAK's TTR security offerings," commented Rick Wallace, Sr. Vice President of Marketing for IIMAK. "Many of our existing customers are looking for a secure way to track products in order to prevent product diversion in which authentic products are diverted into channels and markets other than those intended by the manufacturer. TrackSure provides them with a strong tool to preventthis from happening. The TrackSure solution provides security in the form of covert barcodes that will not be detected by tools commonly used by gray marketers, such as black lights. More importantly, these barcodes cannot be seen by the naked eye, even when authenticated by our proprietary reader. In addition, TrackSure utilizes existing barcode symbology for plug-in connectivity to our customers' existing logistics and information systems."
Added Don Taylor, InkSure's Vice President of Global Marketing, "We're dedicated to providing our customers with the most secure track and trace solutions that are also the easiest to implement. With millions of thermal ribbon barcode printers already installed, the capability to implement TrackSure's covert barcodes becomes relatively easy. And by working with IIMAK, we know our customers are receiving the highest quality and most secure TTR solution."
IIMAK has also agreed to supply InkSure with color and invisible TTR incorporating InkSure security taggants for brand authentication, and the companies have agreed to work together to develop conductive ink TTR solutions for InkSure's new SARcode(TM) chipless RFID technology.
About InkSure Technologies Inc.
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its research and development center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale. The Company's R&D activities include the development of "chipless" RFID technology for affordable item-level secure logistics and track-and-trace applications.
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS". Additional information on the Company is available on its website at http://www.inksure.com/.
IIMAK is a U.S. based manufacturer of thermal transfer ribbons, primarily used in the automatic identification, facsimile and sign markets. IIMAK's primary manufacturing and distribution facilities are located in Amherst, New York, with additional manufacturing plants in Brazil and Europe. For more information about IIMAK and its products, visit http://www.iimak.com/.
Statements contained in this Press Release, other than statements of historical facts, are forward-looking statements subject to a number of uncertainties that could cause actual events or results to differ materially from some statements made.
Inksure Contact: Don Taylor, VP of Global Marketing, InkSure Inc. email@example.com +1-954-772-8507 ext. 22 Inksure IR Contact: Ehud Helft / Kenny Green GK Investor Relations firstname.lastname@example.org +1-646-201-9246 IIMAK Contact: Rick Wallace, Sr. VP of Marketing IIMAK Inc. email@example.com +1-716-691-6333InkSure Technologies
CONTACT: Inksure Contact: Don Taylor, VP of, Global Marketing, InkSure
Inc., firstname.lastname@example.org, +1-954-772-8507 ext. 22; Inksure IR Contact: Ehud
Helft / Kenny Green, GK Investor Relations, email@example.com, +1-646-201-9246;
IIMAK Contact: Rick Wallace, Sr. VP of, Marketing IIMAK Inc.,
WOBURN, Mass., May 29 /PRNewswire/ -- Students from six (6) New Hampshire elementary, middle and high schools will this week participate in a motivational program hosted by Andy Macdonald, the world's top-ranked professional vert skateboarder. Macdonald will share important messages about education, goal-setting and being drug-free.
Through the "STR8 TLK" program sponsored by Verizon Wireless, operator of the nation's most reliable wireless network, Macdonald will tour Dover Middle School, Dover High School, Greenland Central School, Seabrook Elementary, Seabrook Middle School, and Rye Junior High School. In addition, Macdonald will make an appearance Saturday morning at the Rye Airfield skate park, during which he will host a private skate, skate board demonstration, and sign autographs for fans. (Editors: See schedule at end of release.)
Eight-time World Cup Skateboarding Champion Andy Macdonald is known around the country and around the world not only for his talents on a skateboard, but also for the way he conducts his business and his life. His determination to reach the pinnacle of professional skateboarding, as well as his "lead by example" anti-drug approach and commitment to youth reading programs, has made him a role model for today's youth and led him to be recognized by former President Clinton, among others.
Beyond skateboarding, Andy has written an autobiography, "Dropping In with Andy Mac, The Life of a Pro Skateboarder," has launched andy mac(TM) products including footwear, skateboards, helmets and pads, and appears in "MTV Skateboarding featuring Andy Macdonald" video game from THQ.
"Part of our overall corporate philosophy is to give back to the communities in which our employees and customers reside," said Verizon Wireless New England Region President Ken Dixon. "'STR8 TLK' contains important messages for young adults and Verizon Wireless is pleased to have Andy as a part of this program."
Macdonald is an eight-time X-Games gold medalist who has set a Guinness World Record for his skateboard ramp jump of almost 57 feet. And, his image has been published on a U.S. postage stamp.
Weekend Skateboarding Event in Rye
After hosting the STR8 TLK program assembly series, Andy Macdonald will join fellow skaters, friends and family on Saturday morning at Rye Airfield Skate Park. Six students hand-picked by the principal of each participating school -- along with a friend of their choosing -- will join Andy for a private skate lesson, where he will demonstrate the difficult maneuvers that catapulted him to the position of world champion skateboarder, and sign autographs.
"STR8 TLK" with Andy Macdonald" will be presented as follows: Wednesday, May 30 9:15 am - 10:15 am Dover Middle School (Dover, NH) 12:30 pm - 1:30 pm Greenland (Greenland, NH) Thursday, May 31 11:15 am - 12:15 pm Seabrook Elementary School (Seabrook, NH) 1:00 pm - 2:15 pm Seabrook Middle School (Seabrook, NH) Friday, June 1 9:30 am - 10:30 am Dover High School (Dover, NH) 1:15 pm - 2:15 pm Rye Junior High School (Rye, NH) Saturday, June 2 9:00 am - 11:30 pm Rye Airfield Skate Park (Rye, NH) About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 60.7 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, NJ, with 66,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.Verizon Wireless
CONTACT: Michael Murphy, +1-781-932-1213, or Wendy Bulawa,
+1-617-851-3426, both for Verizon Wireless
Web site: http://www.verizonwireless.com/
NEW YORK, May 29 /PRNewswire-FirstCall/ -- LivePerson, Inc. , a provider of online conversion solutions, today announced that the company will be exhibiting at the upcoming Internet Retailer 2007 Conference and Exhibition in San Jose.
Representatives from LivePerson will be located at booth #715 and will be available to share best practices in the online retail space and discuss specific case studies for the company's Timpani Sales and Marketing platform.
Held at the McEnerny Convention Center in San Jose from June 4-7, IR 2007 is the world's largest e-retailing conference, featuring more than 4,000 online merchants from retail chains, catalog firms, web-only merchants and consumer manufacturers. More information about IR 2007 can be found at http://www.internetretailer.com/ir2007/.
LivePerson is a provider of online conversion solutions. Our hosted software enables companies to identify and proactively engage online visitors- increasing sales, satisfaction and loyalty while reducing service costs. Combining web-interaction technology (chat, email and a self-service knowledgebase) with a deep understanding of consumer behavior and industry best practices, LivePerson's Timpani(TM) platform engages the right customer, at the right time, with the right communications channel. This Engagement Marketing platform creates more relevant, compelling and personalized experiences-converting traffic into revenues, and facilitating real-time sales and customer service. More than 5,000 companies including EarthLink, Hewlett- Packard, Microsoft, Qwest and Verizon, rely on LivePerson to help maximize the return on their marketing and e-commerce investments. LivePerson is headquartered in New York City.LivePerson, Inc.
CONTACT: Michael Goodwin, LivePerson, Inc., +1-212-609-4282
Web site: http://www.liveperson.com/
HICKORY, N.C., May 29 /PRNewswire-FirstCall/ -- CommScope, Inc. , a global leader in infrastructure solutions for communications networks, announced today its plans to participate in several industry conferences, including:
Friedman, Billings, Ramsey & Company's Growth Conference Date: Thursday, May 31, 2007 Time: 12:50 p.m. ET Location: Grand Hyatt New York Hotel, New York, NY Lehman Brothers Worldwide Wireless and Wireline Conference Date: Friday, June 1, 2007 Time: 10:00 a.m. ET Location: Crowne Plaza Times Square Hotel, New York NY
The live webcasts will be available through a link on the Investor Relations Presentations Page of CommScope's website at http://www.commscope.com/. The link to our presentation will be live just prior to the start of the presentation and will be available for on-demand use within 24 hours after our presentation is over. The webcast will be available from our website for a limited period of time following the conference.
CommScope is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX(R) Solutions(TM) and Uniprise(R) Solutions brands, CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions.
This press release includes forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. For a more detailed description of the factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
Visit CommScope at http://www.commscope.com/CommScope, Inc.
CONTACT: Philip Armstrong, Investor Relations & Corporate Communications
of CommScope, Inc., +1-828-323-4848
Web site: http://www.commscope.com/
NEW YORK, May 29 /PRNewswire/ -- Ivan Seidenberg, chairman and chief executive officer of Verizon Communications Inc. , will speak at Sanford C. Bernstein & Co.'s 23rd Annual Strategic Decisions Conference here on Wednesday, May 30. His presentation will be webcast beginning approximately 4 p.m. Eastern time on Verizon's Investor Relations Web site, http://www.verizon.com/investor. Access instructions and presentation materials will be available on the site that day.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.Verizon
CONTACT: Bob Varettoni of Verizon, +1-908-559-6388,
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
SANTA MONICA, Calif., May 29 /PRNewswire-FirstCall/ -- Entravision Communications Corporation announced today that John DeLorenzo, Executive Vice President and Chief Financial Officer, will be presenting at the 15th Annual Deutsche Bank Media and Telecommunications Conference being held June 4-5, 2007 at the New York Palace Hotel in New York, NY.
Mr. DeLorenzo is scheduled to present on Tuesday, June 5th at 9:10 a.m. Eastern Time.
A live audio webcast of the presentation may be accessed at the investor relations portion of Entravision's website located at http://www.entravision.com/. The webcast will be archived on the website for 30 days.
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television, radio and outdoor operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision is the largest affiliate group of both the top-ranked Univision television network and Univision's TeleFutura network, with television stations in 20 of the nation's top 50 Hispanic markets. The company also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 47 owned and operated radio stations. The company's outdoor operations consist of approximately 10,400 advertising faces concentrated primarily in Los Angeles and New York. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.Entravision Communications Corporation
CONTACT: Dan Harris of Brainerd Communicators, Inc., +1-212-986-6667
Web site: http://www.entravision.com/
HARTFORD, Conn., May 29 /PRNewswire/ -- ING, a global financial services leader, announced today it has enhanced its Rollover Wizard tool to help employees rollover money from their ING employer-sponsored retirement plan (i.e. 401(k) plan) into an ING Express Individual Retirement Account (IRA), completely online. A transitional services phone-based representative helps the employee walk-through the online process.
"We are always looking for ways to help make it easier for our clients to plan and manage their finances for retirement," said Nancy Clifford, vice president, ING Financial Horizons. "The Rollover Wizard enhancement gives ING defined contribution plan participants the opportunity to rollover their assets into an IRA using a quick and easy online process, when they have a qualifying event."
"When an employee is about to leave their job or retire, they need to make a decision on what to do with the assets in their retirement plan at their employer. An ING transitional services representative works in partnership with the field representative to review all options with the employee and if the client chooses to rollover their assets into an IRA with ING, the process is easy and quick since all steps take place online," added Clifford.
The Rollover Wizard is also a helpful tool for the ING transitional services representatives to better serve participants. Using the tool helps to reduce errors in paperwork, and decreases processing time between the representative and the client. The representative is able to view the customer information that is pre-filled in a variety of forms that are necessary to complete the rollover.
According to Cerulli's Quantitative Update: Retirement Markets 2006 reports, 59 percent of rollovers from defined contribution plans are done by retirees, and 41 percent are done by job changers. Traditional IRA assets, which are significantly driven by rollovers from defined contribution plans, comprised 90 percent -- or $3.3 trillion -- of the Total IRA assets at the end of 2005.
The ING Express IRA is a mutual fund custodial account with approximately 53 fund offerings. There is no cost to rollover the assets, and clients can access their account 24/7 online and via phone. Additional IRA products will be added in the future.
ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in 50 countries. With a diverse workforce of more than 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning and reinsurance. ING holds top-tier rankings in key U.S. markets and serves more than 15 million customers across the nation. For more information, visit http://www.ing.com/.ING Financial Services
CONTACT: Caroline Campbell of ING, +1-212-309-5931,
Web site: http://www.ing.com/us
KING OF PRUSSIA, Pa., May 29 /PRNewswire-FirstCall/ -- SEDONA(R) Corporation (BULLETIN BOARD: SDNA) (http://www.sedonacorp.com/), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for the small and mid-size financial services market, today announced President and CEO, Marco Emrich will be speaking at a Latin American CRM conference sponsored by Haydrian Corporation, a SEDONA business partner.
The event titled "CRM: Effective Control of Sales and Profitability for your Business" will be held on May 30, 2007, from 8:30 am to 12:00 pm, at the Hotel Nikko in Mexico City, Mexico.
Over 80 executives from Latin American institutions' marketing and finance departments are expected to attend the conference to hear presentations by Todd B. Avery, US Embassy Commercial Attache, Alex Logan, Vice President Haydrian Corporation Latin America/Caribbean region, and Marco Emrich, President and CEO, SEDONA Corporation.
On March 8, 2007, SEDONA announced an international partnership with Haydrian where both companies would develop a co-branded version of Intarsia, SEDONA's CRM/MRM technology. Haydrian will localize, market, install, and support Intarsia to the developing countries of the world. Haydrian will also offer integrated Intarsia with their anti-money laundering platform XM3.
Alex Logan, Haydrian Vice-President of Latin America/Caribbean Region, commented, "Mexico and all of Latin America embrace tremendous potential for Haydrian and SEDONA. The number of banks in Mexico alone will double by the end of this year. New entrants into these emerging markets are realizing that success hinges on broadening market opportunities, customer retention, and maximizing the profitability of all accounts-instead of merely competing ferociously for market share. Haydrian and SEDONA offer the ideal combination of solutions and subject matter expertise to bolster their effectiveness."
SEDONA President and CEO, Marco Emrich commented, "The partnership of Haydrian and SEDONA will offer the financial institutions of emerging markets the technology and expertise they require to service not only their region, but to take their place on the world stage. We are delighted to participate in this important conference, the first of a series of events planned to introduce Haydrian's CRM solution, based on our Intarsia technology, into emerging markets around the world."
About SEDONA Corporation
SEDONA(R) Corporation (BULLETIN BOARD: SDNA) provides multi-vertical Customer/Member Relationship Management (CRM/MRM) solutions and services specifically tailored to the small to mid-size financial services market. SEDONA's CRM/MRM solution, Intarsia(R), is designed and priced to support and meet the needs of the multiple lines of business of small-to-midsize banks and credit unions. Intarsia provides the entire financial services institution with a complete and accurate view of their customers' and prospects' relationships and interactions. By utilizing SEDONA's CRM/MRM solution and services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. For additional information, visit the SEDONA web site at http://www.sedonacorp.com/ or call 1-800-815-3307.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
SEDONA(R) and Intarsia(R) are registered trademarks of SEDONA Corporation. All other trade names are the property of their respective owners. This press release and prior releases are available on the SEDONA Corporation web site at http://www.sedonacorp.com/.SEDONA(R) Corporation
CONTACT: SEDONA INVESTOR CONTACT - Steve Ficyk, +1-216-373-6856,
firstname.lastname@example.org; or SEDONA MEDIA CONTACT - Michelle Brown,
Web site: http://www.sedonacorp.com/
BURLINGTON, Massachusetts, May 29 /PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd. (NasdaqCM: CKSW), a leading provider of workforce and service optimization solutions, today announced that Gaz Metro, one of Canada's largest natural gas distributors, has successfully gone live with their ClickLocate solution. Gaz Metro chose ClickLocate predominantly for its capacity to optimize emergency response times.
Gaz Metro covers the entire Quebec province; they oversee a very large territory that includes 9 different regional offices. With approximately 300 field technicians who work in different areas, (including new installations, preventive maintenance and meter management), Gaz Metro also has an important part of its work in emergency coverage, which includes approximately 12,000 emergency calls a year. As a regulated business, Gaz Metro has to respond to every single emergency call in less than 35 minutes. As such, the Company chose ClickSoftware's location-based services solution to improve productivity and reduce operational costs.
The rollout of ClickLocate commenced on November 30, 2006 and was completed in late December 2006. To date, all 9 regional offices as well as the corporate office have gone live with the solution. Gaz Metro dispatchers are now using ClickLocate to locate engineers in real-time close to emergencies (within the 35 minute regulated response time frame). The response from dispatchers has been very positive throughout the roll-out phase, and they have been particularly appreciative of the excellent response time and the reliability of the data displayed in the ClickLocate Wizard.
"We are delighted that Gaz Metro has successfully deployed our location based services solution," said Hannan Carmeli, Chief Operating Officer, ClickSoftware. "Adding ClickLocate to our ServiceOptimization Suite provides one more step in our development of the real-time service enterprise. Our uniqueness relative to the competition is in enabling proactive, automatic, and optimized decisions. It is not just about visualizing locations on a map, it is about acting on it in real time and this is exactly what ClickLocate enables."
ClickSoftware is the leading provider of mobile workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry-leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision making, incorporating scheduling, mobility and location-based services, ClickSoftware helps service organizations get the most out of their resources. With over 100 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, Massachusetts and Israel, with offices in Europe, and Asia Pacific.
For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com/.
Gaz Metro Overview
With more than $2.9 billion of assets and more than 1,500 employees in Quebec, Gaz Metro is a leading Quebec energy company and one of Canada's largest natural gas distributors. Gaz Metro serves about 167,000 customers in Quebec through an underground pipeline network of almost 10,000 km.
Through its wholly-owned subsidiary, NNEEC, Gaz Metro has been active in New England's energy industry since 1986 and has nearly 300 employees there. NNEEC includes Vermont Gas Systems, the sole gas distributor in Vermont, and Green Mountain Power Corporation, the second largest electricity distributor in that State.
Through subsidiaries, affiliates, companies subject to significant influence and partnerships, Gaz Metro is active in natural gas transportation and storage as well as energy services and water and waste water systems and fibre optic networks. Gaz Metro also participates in various development projects in the energy sector.
This press release contains express or implied forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These forward-looking statements include, but are not limited to, those regarding growth in ClickSoftware's revenues and sales and partner networks. Such "forward-looking statements" involve known and unknown risks, uncertainties and other factors, which may cause actual results or performance to be materially different from those projected. ClickSoftware's achievement of these results may be affected by many factors, including among others, the following risks: that ClickSoftware may fail to expand its activities in the market; and other risks associated with ClickSoftware's business. For additional information regarding risks relating to ClickSoftware's business, see ClickSoftware's filings with the Securities and Exchange Commission including ClickSoftware's annual report on Form 20-F for the year ended December 31, 2006, and subsequent filings with the Securities and Exchange Commission. ClickSoftware does not undertake to update any forward-looking statements.
Contacts: Joanna Giannotti ClickSoftware, Inc. +1-781-272-5903 x 2235 Joanna.email@example.comClickSoftware Technologies Ltd
CONTACT: Contacts: Joanna Giannotti, ClickSoftware, Inc.,
+1-781-272-5903 x 2235, Joanna.firstname.lastname@example.org
FORT LAUDERDALE, Fla., May 29 /PRNewswire-FirstCall/ -- GlobeTel Communications Corp. (Pink Sheets: GTEM) announced that it is overseeing its contractor as it finalizes HotZone installations to be demonstrated at Space and Naval Warfare Systems Command (SPAWAR) in San Diego, CA in conjunction with the 2007 Coalition Warrior Interoperability Demonstration (CWID). CWID is the Chairman of the Joint Chief of Staff's annual event for demonstrating command, control, communications, computers, intelligence, surveillance, and reconnaissance technologies to combatant commanders from US armed services, NATO, and our English speaking allies.
GlobeTel was invited to CWID to demonstrate its proprietary HotZone 4000 Series in support of the Homeland Security side of the demonstration, for these specific objectives:
1. Enhance coalition information and knowledge sharing capabilities among Allied, coalition partners and other bandwidth disadvantaged users, focusing on a robust, joint and combined, interoperable and multilingual information sharing capability. 2. Enhance the commander's capability to command, control and coordinate across joint and coalition forces, government agencies, NGOs, and first responder.
GlobeTel will show that its HotZone 4000 Series can provide the user a low cost, efficient, high speed, high data rate communications and high data relay using WiFi, WiMAX and VoIP protocols. The systems are easily transported, set up and used in both fixed and mobile configurations (such as GlobeTel's Sanswire Networks subsidiary's proposed SkySat and Stratellite products) providing Homeland Security first responder, and potentially military units from forward to rear areas access to critical data, secure and unsecure, needed to conduct operations. The HotZone system will be demonstrated at SPAWAR over a two-week span. Participation in these trials are done in a simulated, real world environment without monetary assistance from the government, and do not guarantee a procurement contract.
According to Barry Reed, Chief of Flight Operations for Sanswire Networks, "CWID 2007 concentrates on demonstrating solutions where gaps and challenges exist for Homeland Defense and Homeland Security. These objectives are cross domain sharing, and integrated intelligence, operations, logistics, planning and communications. Our HotZone technology will demonstrate its abilities in support of integrated communications and operations by participating in various simulated natural disasters and terrorist scenarios, revealing to our sponsor and distinguished visitors the full capabilities of our HotZone technology."
"We're honored to have been invited to showcase the capabilities of our HotZone system to the United States and allied military community in support of their critical communications objectives," stated Peter Khoury, Chief Executive Officer of GlobeTel Communications.
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of terrestrial and aerospace telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies. Its proprietary HotZone and Sanswire platforms enable simpler, cheaper transmission of voice and data. For more information, please visit: http://www.globetel.net/.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward- looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including an ongoing formal investigation by the U.S. Securities & Exchange Commission and delayed filings of quarterly results, any of which could cause the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.GlobeTel Communications Corp.
CONTACT: Robert Bleckman of GlobeTel Communications Corp.,
Web site: http://www.globetel.net/