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Companies news of 2007-06-20 (page 3)

  • AT&T Launches High Definition Homezone ServiceHomezone Customers Can Now Enjoy More HD...
  • ISS Recommends Shareholders Vote AGAINST Inter-Tel Buyout by MitelMihaylo Receives...
  • Verizon Business Manages Network and Mobility Services for Global Transaction-System...
  • Verizon Introduces Three New Fixed-Mobile Convergence Services to Enhance Business...
  • RadioFrame Networks License CEVA-X DSP Core and Subsystem to Power Femtocell 2G/3G...
  • Oce Business Services Adds Equivio's Near-Duplicate Document Review Technology to its...
  • Aladdin Knowledge Systems Increases Share Buy Back ProgramBoard of Directors authorizes...
  • Enterprise-level Companies Expand Their Relationship With UCN Hosted inContact Services
  • VTech Announces FY2007 Annual Results
  • Microsoft Announces 2007 Pharmaceutical and Life Sciences Innovation Award WinnersAwards...
  • Level 3 Completes Internet2 Optical Network ImplementationNew Nationwide Network Delivers...
  • Ness Technologies Ranked Among Top Ten Global IT Outsourcing Vendors
  • Leading Industry Analyst Positions Magic Software in Visionaries Quadrant in Four Quadrant...
  • mobilkom austria Launched Mobile MSN and ICQ on Ogo in Austria
  • Waterville Investment Research, Inc. Issues Research Report on FundsTech Corp
  • PR Newswire Appoints Nick Gynne as UK & IR Sales Director
  • Harris Stratex Networks Announces Grand Opening of New International Headquarters in...
  • Unisys Selects Autonomy as Preferred Supplier for Meaning-Based Computing and Enterprise...
  • Certicom Launches UMA Device Software for Mobility MarketToolkit provides core...



    AT&T Launches High Definition Homezone ServiceHomezone Customers Can Now Enjoy More HD Channels Than With Cable

    SAN ANTONIO, June 20 /PRNewswire-FirstCall/ -- AT&T Inc. has announced that AT&T Homezone(SM) customers can now access one of the nation's most robust collections of High Definition (HD) content available: With more than 30 national HD channels -- and additional local HD channels for each market -- Homezone service offers customers access to more HD channels than its local cable competitors while providing thousands of video-on-demand titles, access to the system via wireless phones and more -- all through a single receiver.

    AT&T Homezone service integrates AT&T | DISH Network and features of AT&T Yahoo! High Speed Internet. It allows customers to enjoy satellite TV programming, net-based on-demand content, and music and photos via their TV screens and stereos. It also features digital videorecording technology and remote access to the system through Web-enabled PCs or WAP-2.0 compatible wireless phones.

    The service is available across AT&T's traditional 13-state broadband footprint to new and existing AT&T | DISH Network residential customers who either have or plan to order AT&T Yahoo! High Speed Internet and the AT&T Wireless Gateway.*

    The current HD channel lineup is provided by AT&T | DISH Network and includes a wide variety of programs, including news, sports, movies and more. The HD content delivered to Homezone customers produces images that are four times as detailed as standard definition (SD) TV and provides rich, realistic video and multichannel, movie-theater-quality sound.

    Homezone service's HD content, combined with the offerings of AT&T | DISH Network standard definition (SD) programming, and the wide variety of on-demand content available via strategic relationships with Movielink and Akimbo, further expands AT&T's video portfolio -- and offers end users more variety and choice than ever before.

    "Our goal is to deliver a video solution that provides greater value, flexibility and simplicity than our competitors deliver," said Rick Welday, chief marketing officer-AT&T Consumer. "Compelling features such as one of the largest lineups of HD programming offer our customers another reason why AT&T can be the only communications and entertainment company they will ever want."

    Customers can add the AT&T | DISH HD package to their entertainment experience. Through June 2007, new AT&T | DISH customers will be able to enjoy free HD channels for a year when they order qualifying SD and HD programming and packages. After the free year, AT&T | DISH Network HD programming will be $20 a month. The monthly $9.99 fee for Homezone service and $5.98 for digital videorecorder (DVR) functionality will remain the same.

    The new HD programming complements other unique Homezone features, including:

    -- Remote access to the DVR, which allow customers to schedule recordings with their compatible wireless phones and devices or by using their AT&T Yahoo! Internet accounts. -- Up to 140 hours of TV recording capacity. -- A 30-second DVR skip feature, enabling customers to skip commercials with the press of a button. -- Access to a library of more than 7,000 total on-demand titles - including more than 1,000 full-length movies available on demand, surpassing the on-demand movie libraries offered from cable.

    AT&T Homezone service also complements AT&T U-verse(SM) TV, the company's cutting-edge Internet Protocol (IP)-based television service. AT&T U-verse services are currently available in 21 markets, and the company plans to continue expanding the availability of these services on an ongoing basis. Although AT&T U-verse services will be the company's primary video offer in available markets, both products underscore the company's strategy to expand its video services portfolio, which also includes AT&T | DISH Network service.

    With Homezone service, which launched in fall 2006, AT&T became the first national telecommunications provider to offer seamlessly integrated video content and TV entertainment to the "digital living room" through both broadband and traditional satellite networks. Awarded the 2007 North American Product of the Year by Frost & Sullivan, AT&T Homezone service integrates AT&T Yahoo! High Speed Internet, AT&T | DISH Network satellite television and AT&T home networking services via a single set-top device.

    *NOTE: The AT&T Wireless Gateway is currently free via a rebate promotion that runs through September 2007.

    Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss.

    About AT&T

    AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. 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/.

    AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

    For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

    AT&T Inc.

    CONTACT: Amanda L. Ray of AT&T, +1-214-665-1359, aray@attnews.us

    Web site: http://www.att.com/




    ISS Recommends Shareholders Vote AGAINST Inter-Tel Buyout by MitelMihaylo Receives Financing Commitments Demonstrating Feasibility of Recapitalization ProposalMihaylo Urges Shareholders to VOTE NO on Mitel Proposal

    TEMPE, Ariz., June 20 /PRNewswire-FirstCall/ -- Steven G. Mihaylo, founder and former Chief Executive Officer of Inter-Tel (Delaware), Incorporated today announced that Institutional Shareholder Services ("ISS"), one of the world's leading providers of proxy voting and corporate governance solutions to the institutional marketplace, recommended that shareholders vote AGAINST the merger with Mitel Networks Corporation ("Mitel") at the June 29th shareholder meeting.

    In its report, ISS stated that "Based on our review of the terms of the transaction, in particular, the relatively low 7.6 percent 1-day offer premium, the flawed sale process, lack of an imminent reason to sell the company without conducting a proper sale process, and valuation, we believe that the merger agreement does not warrant shareholder support."(1)

    "I am gratified ISS agrees with my position that shareholders should not vote in favor of the Mitel buyout at $25.60 per share. I believe we are here today due to a flawed process that resulted in an undervalued offer," stated Mr. Mihaylo. "Based on the assumptions underlying the recapitalization analysis, the Company is worth more than the Mitel offer. Indeed, I believe a proper auction should have been conducted to win the highest price for shareholders," he said.

    Furthermore, as ISS recognized, Mr. Mihaylo is not alone in his concerns regarding the process and valuation: Millenium Management LLC, which owns approximately 3.2% of the outstanding shares, sent a letter to Inter-Tel on June 13, 2007, stating that, in their view, the process was not a full and fair auction and the proposed purchase price fails to value the Company adequately.(2)

    Mr. Mihaylo added, "Absent a higher bid, I believe Inter-Tel has a better alternative through a leveraged recapitalization, which will provide greater value to all shareholders and will at the same time preserve the opportunity for future growth and upside potential, including a potential sale at a later date. I urge all shareholders, especially current and former employees who care as much about the Company as I do, to stand up, be heard and vote their shares AGAINST this buyout proposal."

    With regard to his proposed recapitalization plan, Mr. Mihaylo also announced that the Royal Bank of Canada and RBC Capital Markets have committed a total of $255 million to finance Mr. Mihaylo's recapitalization plan subject to customary closing conditions similar to those contained in the Mitel financing commitments.

    The Senior Secured Financing Commitment Letter consists of the following: -- First-lien term loan facility in an aggregate principal amount of up to $125.0 million -- $30.0 million revolving credit facility -- Second-lien term loan facility in an aggregate principal amount of up to $100.0 million

    "With Royal Bank of Canada and RBC Capital Markets as my financing partners and their firm commitment to my recapitalization plan, I am confident Inter-Tel shareholders will agree that my proposal is superior to Mitel's buyout offer and will vote AGAINST the merger at the upcoming meeting of shareholders on Friday, June 29, 2007," stated Mihaylo. "I believe the $255 million commitment should more than adequately address concerns raised by the Board concerning the financeability of the recapitalization proposal and should not require any asset disposition."

    Mr. Mihaylo added, "The Board has had ample time to pursue its 'strategic options' but I believe the Board never had a coherent plan as evidenced by its recent agreement to sell the Company to Mitel. Thus, if the shareholders vote AGAINST the merger, I believe it should be viewed as an unequivocal vote of no-confidence for the Board and the Company's leadership over the past 15 months."

    Participant Legend

    Shareholders are advised to read the proxy statement and other documents related to the solicitation of proxies filed by Steven G. Mihaylo for use at the June 29, 2007 Special Meeting of Shareholders because they contain important information. The preliminary proxy statement was filed on June 8, 2007, and along with other relevant documents, is available at no charge at the Securities and Exchange Commission's website at http://www.sec.gov/ or by contacting MacKenzie Partners, Inc. by telephone at (800) 322-2885 or by e-mail at proxy@mackenziepartners.com. Information relating to the participants in the solicitation of proxies by Mr. Mihaylo is contained in the preliminary proxy statement filed by Mr. Mihaylo with the Securities and Exchange Commission and can be obtained as described above.

    (1) Permission to use quoted statements was neither sought nor obtained.

    (2) Permission to use statements cited was neither sought nor obtained.

    Steven G. Mihaylo

    CONTACT: Media, Terry Fahn or John Lippman of Sitrick And Company,
    +1-310-788-2850; Investors, Dan Burch or Amy Bilbija of MacKenzie Partners,
    +1-212-929-5500, all for Steven G. Mihaylo




    Verizon Business Manages Network and Mobility Services for Global Transaction-System ManufacturerMEI Signs Three-Year Agreement for Private IP Network Supporting Remote Access

    BASKING RIDGE, N.J., June 20 /PRNewswire/ -- MEI, one of the world's leading manufacturers of unattended payment systems, has turned to Verizon Business to provide a new global network that includes remote access for MEI's mobile employees.

    Under terms of the three-year agreement, Verizon Business designed and deployed a global, managed Private IP network. It seamlessly connects MEI's company headquarters in West Chester, Pa., with its major business centers in Switzerland, the United Kingdom and Mexico, as well as locations in Australia and China, and several U.S.-based distribution centers. The MPLS-based network also links to the company's disaster recovery site to help ensure its operations run continuously.

    MEI manufactures electronic bill acceptors, coin mechanisms and other unattended payment systems for the amusement, gaming, retail, transport and vending markets. It has the world's largest installed base of unattended payment systems, handling in excess of 2 billion transactions per week in over 90 countries. The company's recent divestiture created new requirements for local- and wide-area networks.

    Integral to MEI's new Private IP network is the capability to provide remote access for more than 200 mobile employees located around the world. Verizon Secure Gateway - Mobile User Service provides MEI's mobile employees with convenient, secure and dependable remote access to the corporate network.

    "We needed to build a new global network from the ground up," said Tim Michel, chief information officer, MEI. "The relatively small size of our enterprise belies a highly sophisticated and dispersed operation. The decision to fully outsource the management of our global infrastructure to Verizon Business made sense in terms of global presence, proactive network management, support for future growth and cost efficiency."

    With a widely dispersed mobile workforce, MEI is open for business worldwide 24 hours a day. This requires a dependable network to enable employee access to critical e-mail and enterprise resource-planning applications that support manufacturing, finance and human resources functions. Verizon Business fully manages MEI's Private IP network, delivering a high degree of reliability and strong security supported by proactive, round-the-clock management. Today more than 40 percent of Verizon customers using Private IP service opt for full management.

    "MEI had a specific set of requirements critical to building out their new network, including making sure their mobile workforce could access corporate resources when and where needed," said Steve Young, senior vice president of sales, Verizon Business. "Our broad portfolio of managed networking and global mobility capabilities gave MEI the flexibility and choice needed to find the right approach for their business."

    Verizon's mobility strategy builds on the power of the company's expansive, world-class wireline and wireless networks along with its advanced collaboration technologies. Verizon offers a comprehensive suite of mobility solutions that enable professionals to seamlessly conduct business while away from the office.

    Verizon mobility services include: managed wireless LAN; wireless voice and data; fixed-mobile convergence services; and Verizon Secure Gateway, which provides flexible access into a corporate virtual private network for mobile users. In addition, the mobility services feature Verizon's advanced collaboration tools, including audio, video and Web-based conferencing services; secure instant messaging; and managed e-mail.

    [Note: A companion news release about PBX Mobile Extension, Wireless Office and Mobile Conference Connection provides more information on Verizon's mobility services, including its fixed-mobile convergence offerings.]

    Nancy Gofus, Verizon Business senior vice president and chief marketing officer, said the agreement with MEI reflects a growing trend. "As the world becomes more global and more mobile, organizations are looking for us to solve their unique mobility requirements," she said. "Our comprehensive suite of mobility solutions enables professionals to seamlessly conduct business while away from the office."

    Verizon Business manages more than 3,700 customer networks in 142 countries, overseeing non-Verizon connections from more than 60 network providers around the world. Verizon Business' industry-leading service-level commitments and award-winning IMPACT management platform underscore a legacy of service and innovation. The company is the recipient of the 2006 Frost & Sullivan Customer Service Leadership Award for Managed Services and the 2006 Cisco Systems Global Managed Services Partner of the Year Award. It has also been listed by Gartner Inc. in the leaders quadrant of a report titled "Magic Quadrant for U.S. Managed and Professional Network Service Providers, 1H06."(1)*

    About MEI

    MEI, headquartered in West Chester, Pa., holds the world's largest installed base of unattended payment systems, handling in excess of 2 billion transactions per week in over 90 countries. The company developed the first electronic coin mechanism in the 1960s, followed by the first electronic non- contact bill validator, and more recently its credit card capability and vending management solution. It is the leading supplier of vending cashless systems in Japan. Its products are in widespread use in the vending, bottling, gaming, amusement, transportation, retail, and kiosk markets. For more information on MEI and its products, visit http://www.meigroup.com/ or call 1-800-345- 8215.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications , is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced technology and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit http://www.verizonbusiness.com/.

    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.

    * The Magic Quadrant is copyrighted July 11, 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    (1) Gartner Research ''Magic Quadrant for U.S. Managed and Professional Network Service Providers, 1H06'' by E. Goodness, D. Neil and D. Willis. July 11, 2006

    Verizon Business

    CONTACT: Kevin W. Irland, +1-703-974-5454, kevin.w.irland@verizon.com,
    for Verizon Business

    Web site: http://www.verizon.com/
    http://www.meigroup.com/




    Verizon Introduces Three New Fixed-Mobile Convergence Services to Enhance Business MobilityOn-the-Go Workers Can Flexibly Move Between Wireline and Wireless Networks

    NEW YORK, June 20 /PRNewswire/ -- To make it easier for businesses and government agencies to enhance employee mobility and productivity, Verizon is introducing three new fixed-mobile convergence (FMC) services. The services help on-the-go professionals seamlessly bridge wireline and wireless networks.

    The services, unveiled today at the NXTcomm trade show in Chicago, are: Wireless Office, PBX Mobile Extension and Mobile Conference Connection.

    [NOTE: An audio podcast discussing these new services and the benefits to business and government customers is available by linking to the Verizon at NXTcomm press kit at http://newscenter.verizon.com/kit/nxtcomm/.]

    Features include: a single phone number that simultaneously rings to an office, home and cell phone; a unified mailbox that consolidates voicemail from multiple devices; and instant conference calls that can be organized and initiated with just a few clicks on any Research in Motion BlackBerry or Microsoft Windows Mobile smart phone or PDA.

    The new services are part of Verizon's overall mobility strategy, which builds on the power of the company's expansive, world-class wireline and wireless networks and advanced collaboration techniques.

    The services are also the latest additions to Verizon's comprehensive suite of Mobility offerings, which enable professionals to seamlessly and securely conduct business while away from the office. The offerings include: wireless voice and data, managed wireless LAN, and Secure Gateway, which provides mobile users with access to their company's virtual private network.

    In addition, the Mobility services feature Verizon's advanced collaboration tools including conferencing services (audio, Web and video), secure instant messaging and managed e-mail.

    "Now, more than ever, busy professionals are demanding new tools to help stay on top of their business, both in and out of the office," said John Stratton, executive vice president and chief marketing officer for Verizon. "By bridging its world-class wired and wireless networks, Verizon is helping to enhance mobility and productivity in today's fast-paced, mobile work environment."

    According to Forrester Research, 23 percent of large-business professionals are frequent travelers who spend significant time away from their offices and conduct increasing amounts of business on the move. As a result, businesses each year are spending more on mobile devices while also focusing greater attention on asset management and liability.

    With Wireless Office and PBX Mobile Extension, Employees' Offices Can Follow

    Where They Go

    Wireless Office and PBX Mobile Extension provide wireless phone users with the same capabilities available on an office phone.

    Wireless Office, powered by the Verizon Wireless network, is immediately available for U.S. businesses. It delivers a network-based solution for small and mid-sized businesses to merge their fixed and wireless voice communications by extending common private branch exchange (PBX) calling features -- such as abbreviated dialing, closed user groups and call control - - to wireless devices.

    The features enable small and mid-sized businesses to respond more quickly to their customers and make their communications more cost-efficient. As a result, these businesses can compete more effectively with their larger rivals. The service includes two different pricing options for either "on campus" wireless calling or on-net calling for calls that originate from a wireless handset to corporate office extensions.

    PBX Mobile Extension enables a large corporate campus or large numbers of mobile workers -- including executives, sales personnel or field service technicians -- to answer calls and respond quickly. This service works with a company's existing PBX system to provide a single phone number that simultaneously rings on a user's cell phone, home phone or any pre-selected phone number. If a user can't answer the call, PBX Mobile Extension uses a company's existing voice mail system to provide a unified voice mailbox, eliminating the inefficiencies of multiple voice mail systems.

    In addition to making it easier for callers to reach a company's workforce, the service enhances calling for employees. Outbound calls by employees using cell phones show the caller's office phone number via caller ID. Cell phone callers also can use other PBX functions such as call-transfer, park, hold and more.

    With PBX Mobile Extension, workers can also move seamlessly between their cell phone and a desk phone to complete a call in progress, conduct quick and secure conference calls, and initiate mass notifications enabling companies to quickly respond to planned or unplanned situations. The service will be available in the United States starting next month, and Verizon plans to roll it out internationally in 2008.

    On-the-Go Virtual Meetings Take New Shape With Mobile Conference Connection

    Mobile Conference Connection helps busy workers quickly and easily coordinate spontaneous meetings and boost productivity away from the office. This new offering, targeted for launch this summer, provides road warriors with tools right at their fingertips to initiate or join a conference call with a few clicks on any Research in Motion BlackBerry or Microsoft Windows Mobile smart phone or PDA. For example, Mobile Conference Connection allows Instant Meeting leaders in North America, Europe, the Middle East, Asia- Pacific and Latin America to enter their Instant Meeting Subscription information on their mobile device. This enables the meeting leaders to initiate and schedule spontaneous meetings, send e-mail meeting invitations, start meetings, and add participants to conference calls via a link embedded in an e-mail invitation that participants receive via their mobile registered device. In addition, participants or leaders can join audio calls by having a conference call bridge "dial out'' to contact them.

    Users of Verizon's Global BlackBerry 8830 service can use Mobile Conference Connection to initiate or participate in conference calls from 150 countries worldwide. In addition, Global Blackberry users benefit from e-mail and Internet connections in 90 countries.

    More Mobility Services Planned

    "Today's announcements enhance our existing Mobility portfolio with new, simple and secure ways for workers to stay connected to the office," said Stratton. "We will continue to aggressively roll out products and services that best meet the needs of business customers round the world."

    Additional new services Verizon plans to launch this year and next include:

    - Satellite access in Europe and Asia to enable companies without terrestrial access to remain connected to corporate resources. - Additional automatic wireless primary and backup access options to help enable companies to remain up and running. - Mobile satellite access where users can access their network in hard-to- reach areas such as mountainous regions. - Integrated VoIP offerings to support mobile workers. - Managed Wireless backup to Private IP. About Verizon

    Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 60.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of more than 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/. .

    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: Debbie Lewis, +1-610-257-7974, debbie.lewis@verizon.com, Brenda
    Raney, +1-908-872-7152, Brenda.raney@verizonwireless.com, both for Verizon




    RadioFrame Networks License CEVA-X DSP Core and Subsystem to Power Femtocell 2G/3G Wireless Base StationsRadioFrame leverages performance, cost and time-to-market advantages of CEVA-X1620 DSP and CEVA-XS1200 subsystem to deliver next generation of femtocell products

    SAN JOSE, Calif., June 20 /PRNewswire-FirstCall/ -- CEVA, Inc. ; , a leading licensor of innovative intellectual property (IP) platform solutions and DSP cores for wireless, consumer and multimedia applications, today announced that RadioFrame Networks has licensed the CEVA-X1620(TM) DSP core and CEVA-XS1200(TM) subsystem for the development of next-generation femtocell base stations. RadioFrame Networks is a leader in IP-based picocell and femtocell solutions for the mobile and wireless marketplace.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO)

    Femtocell base stations are deployed to increase and improve cellular coverage and capacity indoors and to enable fixed mobile convergence (FMC) in the home. RadioFrame will utilize the high performance capabilities of the silicon-proven CEVA-X DSP and subsystem to handle the compute-intensive baseband processing for their base stations, reducing their development costs and time-to-market in the process.

    Greg Veintimilla, VP of Engineering at RadioFrame Networks stated, "We chose CEVA-X as the processor architecture for our next generation of femto base stations based on a number of factors including the flexibility of the solution, performance of the DSP and the excellent technical support provided by CEVA throughout the development process."

    "Utilizing the CEVA-X1620 DSP and CEVA-XS1200 subsystem enables RadioFrame Networks with performance, cost and time-to-market advantages when developing solutions for the burgeoning FMC market," said Gideon Wertheizer, CEO of CEVA. "RadioFrame is widely regarded as a leading innovator of wireless infrastructure solutions and we are very pleased to announce them as a CEVA licensee."

    CEVA-X is the industry-leading, scalable Very Long Instruction Word -- Single Instruction Multiple Data (VLIW-SIMD) DSP architecture that delivers breakthrough performance and low power consumption in a fully programmable framework. The CEVA-X1620 is a dual MAC 16-bit, fixed point, fully synthesizable DSP core, running up to eight instructions simultaneously. It provides variable instruction widths, two-level memory architecture and up to 4G bytes of addressable memory space. It has been licensed and adopted by major semiconductor manufacturers in the 3G baseband and mobile multimedia markets.

    The CEVA-XS1200 system platform is a low-power, highly integrated SoC platform, designed to ease the development and integration process and further reduce development costs and time to market for CEVA-X-based designs. CEVA-XS1200 utilizes multiple innovative power-saving techniques such as activating the system modules only when needed; level-two memory architecture and caching; adjustable DSP system speed; decentralized interconnect topology; and selective hardware/software wake-up events. In addition, the CEVA-XS1200 contains a 3D DMA co-processor and glue-less TDM ports, providing designers with the ability to target high-performance applications such as multimedia, communications, VoIP, storage and more. The platform includes a complete set of DSP peripherals and interfaces, including an interrupt controller, power management unit, timers and general purpose I/Os, and it also provides easy means of connectivity to other systems present on chip.

    About RadioFrame Networks, Inc.

    Headquartered in Redmond, Washington, USA, RadioFrame Networks, Inc. is the leader in modular radio solutions for telecom operators. RadioFrame Networks deploys cost-effective radio access via flexible and efficient software driven base stations. Unlike traditional approaches from vendors offering proprietary, single-technology equipment, RadioFrame Networks offers an agile, multiple-technology, future-proof solution that integrates into existing networks, increases capacity, and reduces operating costs and capital expenditures. For more information, please visit the company's Web site at http://www.radioframenetworks.com/.

    About CEVA, Inc.

    Headquartered in San Jose, Calif., CEVA is a leading licensor of innovative intellectual property (IP) platform solutions and DSP cores for wireless, consumer and multimedia applications. CEVA's IP portfolio includes comprehensive platform solutions for multimedia, audio, voice over packet (VoP), Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2006, CEVA's IP was shipped in over 190 million devices.

    For more information, visit http://www.ceva-dsp.com/

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com CEVA, Inc.

    CONTACT: Richard Kingston of CEVA, Inc., +1-408-514-2976,
    richard.kingston@ceva-dsp.com, or Mike Sottak of Wired Island, Ltd.,
    +1-408-876-4418, mike@wiredislandpr.com, for CEVA, Inc.

    Web site: http://www.ceva-dsp.com/
    http://www.radioframenetworks.com/




    Oce Business Services Adds Equivio's Near-Duplicate Document Review Technology to its eDiscovery PlatformUsers Can More Efficiently Review and Compare Documents Identified as Near- Duplicates

    NEW YORK, June 20 /PRNewswire-FirstCall/ -- Oce Business Services, Inc. today announced that it has incorporated Equivio's near-duplicate document review capability into its eDiscovery platform. This enhanced functionality will help corporations and law firms improve discovery management, lower risk, and significantly reduce costs.

    According to industry estimates, documents that are similar but not exact duplicates represent from 30 percent to 50 percent of email and document repositories. The redundant review of near-duplicates is time-consuming and creates a substantial hidden cost in the discovery cycle.

    Oce Business Services has addressed these challenges by integrating Equivio's technology with dataDeliver(TM) ASP, a service offered through its CaseData eDiscovery and litigation support division. dataDeliver(TM) ASP is a Web-based tool that provides collaborative review and production of scanned paper and electronic files. Clients now have the added benefits of reducing time, cost and risk, improving the document review process, and insuring the consistent treatment of similar documents.

    The dataDeliver(TM) ASP near-duplicate document review system offers a variety of key features. Users can perform bulk review calls to documents that have been identified as near-duplicate, reducing project costs by lowering overall document review time. Users also can analyze documents that are members of near-duplicate document sets and logically display the results ranked by similarity score percentage.

    Additionally, the dataDeliver(TM) ASP near-duplicate document review system provides the ability to dynamically compare documents contained within near-duplicate document sets and intuitively display differences to expedite document review. Seamless integration with the existing dataDeliver(TM) ASP document review system allows current users to quickly incorporate the new Equivio functionality into their document review strategy.

    "We have always been committed to providing efficient, cost-effective litigation support solutions through innovative technology and quality service," said Doug Bean, Vice President and General Manager, Oce Business Services' CaseData Division. "The implementation of near-duplicate technology in dataDeliver(TM) ASP underscores this commitment by enabling clients to significantly reduce costs and overall document review time."

    About Oce Business Services

    Oce Business Services is one of the world's leading providers of document process management services and technology to law firms, corporations and the public sector. Its spectrum of managed solutions spans the document lifecycle. These include print/copy, mail services; Six Sigma(R) based performance management, records management and eDiscovery. CaseData is a division of Oce Business Services and one of the most experienced providers of eDiscovery, paper discovery, forensics and web-based review services for complex litigation and regulatory compliance matters. Oce Business Services' integrated capabilities allow it to serve enterprise-wide requirements with advanced technology, people and processes. By enabling organizations to manage and control document assets, Oce helps reduce costs, increase efficiency, mitigate risk and introduce innovation. To learn more, visit http://www.ocesolutions.com/ or http://www.ocesolutions.com/casedata

    About Oce

    Oce N.V. is a leading international provider of digital document management technology and services. The company's solutions are based on Oce's advanced software applications that deliver documents and data over internal networks and the Internet to printing devices and archives -- locally and around the world. Supporting the workflow solutions are Oce digital printers and scanners, considered the most reliable and productive in the world. Oce also offers a wide range of display graphics, consulting and outsourcing solutions.

    Oce employs around 24,000 people, with 2006 annual revenues of approximately $4 billion, operates in approximately one hundred countries and maintains research and manufacturing centers in the Netherlands, the United States, Canada, Germany, France, Belgium, the Czech Republic, and Romania. Oce North America is headquartered in Trumbull, CT, with additional business units in Chicago, IL; New York City; Boca Raton, FL; Salt Lake City, UT; Coventry, RI; and Vancouver, BC. North American revenues were approximately $1.7 billion for fiscal 2006, and employment is currently 11,000. For more information about Oce, visit http://www.oceusa.com/. Outside the U.S., consult http://www.oce.com/\.

    About Equivio

    Equivio offers patent-pending technology to detect and group near- duplicate files. Equivio creates a compelling ROI in all business situations in which people need to analyze or manage large sets of documents. By grouping near-duplicates, Equivio enables the review of each set of similar documents as a single coherent entity, systemizing the review process and enhancing efficiency. These capabilities save time and effort, improve review quality and ensure consistent treatment of similar documents. For more information, visit our website at http://www.equivio.com/.

    dataDeliver(TM) is a trademark of Oce-Technologies B.V.

    Oce Business Services, Inc.

    CONTACT: Ken Neal, Director, Corporate Communications of Oce Business
    Services, +1-212-502-2151, kenneth.neal@oce.com; or Jeanne Achille of The
    Devon Group, for Oce Business Services, +1-732-224-1000, Ext. 11,
    jeanne@devonpr.com

    Web site: http://www.ocesolutions.com/
    http://www.ocesolutions.com/casedata
    http://www.oceusa.com/
    http://www.oce.com/
    http://www.equivio.com/




    Aladdin Knowledge Systems Increases Share Buy Back ProgramBoard of Directors authorizes share repurchases of up to additional $10 Million

    TEL AVIV, Israel, June 20 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems, Ltd. , the leader in Software DRM, USB-based authentication, and secure Web gateways, today announced the Company's Board of Directors has increased its Ordinary Share repurchase authorization by up to $10,000,000.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO)

    On April 1, 2007, the Company's board authorized the repurchase of Ordinary Shares of the Company for an aggregate purchase price not to exceed $10,000,000 or for a maximum aggregate of 500,000 shares. The combined total authorization is now $20,000,000. To date, the Company has repurchased approximately 465,000 shares.

    Yanki Margalit, Chairman and CEO of Aladdin Knowledge Systems, said, "Aladdin's board continues to see fundamental value represented in the current share price and the increased buy back authorization is further evidence of our commitment to enhancing long-term shareholder value."

    Purchases shall be made periodically in the open market, based on market conditions, share price and other factors. Purchases shall be made in compliance with the applicable provisions of Section 302 of the Israeli Companies Law, 1999, the applicable provisions of Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Regulation M promulgated under the Exchange Act. In accordance with the Israeli law, shares to be purchased by the Company under the buy back program shall not confer upon the Company any voting rights (although entitle the Company to participation rights upon distribution). As of March 31, 2007 Aladdin had approximately 14,691,738 ordinary shares outstanding.

    About Aladdin

    Aladdin Knowledge Systems' Software Rights Management products are the #1 choice of software developers and publishers to protect intellectual property, increase revenues, and reduce losses from software piracy. Aladdin eToken is the world's #1 USB-based authentication solution. The Aladdin eSafe secure Web gateway provides the most advanced protection against the latest Web-based threats and attacks. Aladdin has offices in 12 countries, a worldwide network of channel partners, and has won numerous awards for innovation. For more information, visit the Aladdin Web site at http://www.aladdin.com/.

    Safe Harbor Statement

    Certain information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the loss of market share, changes in the competitive landscape and other factors over which the company has little or no control. For more information, please refer to the Company's filings with the Securities and Exchange Commission, which are available on the Commission's website at http://www.sec.gov/.

    The approved share buy back plan does not obligate Aladdin to repurchase any particular amount of ordinary shares and the Company maintains the right to suspend or discontinue the plan at any time.

    Aladdin Knowledge Systems and the Aladdin logo are trademarks or registered trademarks of Aladdin Knowledge Systems Ltd. All other product and brand names mentioned in this document are trademarks or registered trademarks of their respective owners.

    Press Contact: Investor Relations Contact: Matthew Zintel Mark Jones Zintel Public Relations Global Consulting Group matthew.zintel@zintelpr.com mjones@hfgcg.com 310.574.8888 646.284.9414

    Photo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Aladdin Knowledge Systems

    CONTACT: media, Matthew Zintel of Zintel Public Relations,
    +1-310-574-8888, matthew.zintel@zintelpr.com, or investors, Mark Jones of
    Global Consulting Group, +1-646-284-9414, mjones@hfgcg.com, both for Aladdin
    Knowledge Systems

    Web site: http://www.aladdin.com/




    Enterprise-level Companies Expand Their Relationship With UCN Hosted inContact Services

    SALT LAKE CITY, June 20 /PRNewswire-FirstCall/ -- A growing number of enterprise-level companies are expanding their use of the inContact(R) suite of hosted services from UCN, Inc. (BULLETIN BOARD: UCNN) , the leading provider of all-in-one, contact handling and management services delivered over the UCN intelligent network.

    "Over the last 12 months, we have seen the benefits of the hosted model, including low startup costs, rapid implementation, low impact on existing IT infrastructure and fast ROI, contribute to operational improvements of larger enterprises," stated Paul Jarman, CEO of UCN. "We are seeing the ability for our products to go both deep and wide within a single account. Our success among enterprise accounts is coming from a number of industries, including international financial services, e-tailers (online retailers), agribusiness, consumer product manufacturers, healthcare and outsourcers, to name a few."

    The following three customer examples demonstrate the acceptance and growth of the inContact product suite within existing UCN multi-national enterprise accounts.

    In November of 2006, UCN engaged with a leading international financial services company. Initially, the company was seeking to bring an outsourced contact center operation in-house, without having to deploy and manage related premises-based contact handling technologies. InContact was chosen because it enabled the company to outsource the technology and immediately take control of its inbound contacts, even though the call was still handled by the outsourcer. Additionally, it gave the company the flexibility to migrate over time to an internally hired and managed staff, with the option to support a distributed workforce model that includes at-home employees.

    By December of 2006, the average monthly revenue from the initial business unit within the financial services company was $11,000. By June of 2007, it had tripled to an average of $30,600 per month. During this same time frame, news of the benefits of inContact had spread beyond the original business unit to eight additional business units, all of which were involved in a "technology refresh review" for their respective contact centers. When the additional eight centers are fully implemented, revenue should exceed over $60,000 per month.

    In 2002, the Echo product line was launched within a leading online e-tailer. Initially, its North American operation, comprised of 11 locations, was using the product, billing an average of $24,000 per month. Within six months, the relationship expanded to include European operations and a major subsidiary. With the recent implementations within this account, Echo is now supporting five subsidiary operations and the entire worldwide operation of the parent company; revenue has nearly quadrupled from the initial $24,000 monthly range.

    In February of 2007, UCN engaged with a Fortune 200, international food company which was seeking to bring an outsourced customer service operation in-house. InContact was chosen because it enabled the company to simplify its operations by outsourcing the technology and support a distributed workforce, predominately at-home workers. The relationship began with the purchase of the core inContact technologies. More recently, the Workforce Management module and the Echo customer survey and individual scoring tools are being deployed. As of June, revenue was averaging about $10,000 per month. However, the current bill rate does not reflect the new product line additions or the additional seat opportunity within this account, both of which will significantly increase revenue over time.

    "Not only is it exciting to see the number of enterprise accounts increase," said Jarman, "we are now at a stage where existing enterprise accounts are expanding their relationship with UCN by increasing the number of business units that use our product lines or by increasing the range of services they acquire from UCN." Today, the inContact service suite includes traditional core contact handling technologies (IVR, ACD, database integration capabilities, reporting, monitoring and recording), workforce scheduling and forecasting analysis, and the Echo(TM) product line which includes automated satisfaction surveys and individual quality scoring and trending analysis.

    About UCN

    UCN (BULLETIN BOARD: UCNN) is the leading provider of all-in-one, off-premises contact handling services that improve the customer contact experience and the productivity of those handling the contacts. InContact(R) includes an integrated suite of core contact handling applications, including contact routing, interactive menus, database integration, automated surveys and scoring analysis, reporting, monitoring, recording, administration and workforce scheduling and forecasting applications. InControl(TM) is a unique, rapid application development tool that enables inContact customers to develop highly flexible, customized business contact handling processes in record time. To learn more about UCN visit http://www.ucn.net/.

    Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements.(For the complete statement please click to: http://www.ucn.net/safeharbor)

    UCN, Inc.

    CONTACT: Jan Johnson, VP of Marketing of UCN, Inc., +1-801-320-3263,
    jan.johnson@ucn.net; or UCN PR Contact, Rod Anderson of SNG PR,
    +1-801-208-1100, rod.anderson@sng.com; or investors, Scott Liolios or Ron,
    both of Liolios Group Inc., +1-949-574-3860, scott@liolios.com, all for UCN,
    Inc.

    Web site: http://www.ucn.net/




    VTech Announces FY2007 Annual Results

    HONG KONG, June 20 /PRNewswire/ --

    - Strong Performances from All Businesses Leads to Record Year

    -- Record revenue and profit -- Group revenue increased by 21.5% to US$1,463.8 million -- Profit attributable to shareholders rose by 42.0% to US$182.9 million -- Net profit margin expanded 1.8% points to 12.5% -- Net cash, after special dividend of US$71.7 million, rose to US$246.5 million -- Final dividend of US41.0 cents per share, total dividend per share for the year (include special dividend of US30.0 cents) up 150.0%

    VTech Holdings Ltd (HKSE: 303; LSE: VTH; ADR: VTKHY) today announced its results for the year ended 31st March 2007, reporting record revenue and its second successive year of record profit.

    Revenue for the Group increased by 21.5% over the financial year 2006 to US$1,463.8 million. Profit attributable to shareholders increased by 42.0% to US$182.9 million. Earnings per share rose 39.5% to US76.6 cents. In light of the continued increase in profitability, together with the very strong Group balance sheet, the Board of Directors has proposed a final dividend of US41.0 cents per share. Together with the interim dividend of US9.0 cents and the special dividend of US30.0 cents made in celebration of the Group's 30th anniversary, this gives a total dividend for the year of US80.0 cents per share, 150.0% higher than the US32.0 cents declared in the financial year 2006.

    "All three of our businesses recorded revenue increases during the financial year 2007. The record results demonstrate that we are reaping the benefit of the hard work put in to enhance our operations and build a solid foundation for growth," said Mr. Allan Wong, Chairman and Group CEO of VTech Holdings Limited.

    Sales Rebound at TEL Business

    Revenue at the telecommunication products (TEL) business increased by 11.1% over the financial year 2006 to US$660.6 million, accounting for 45.1% of Group revenue.

    North America was the key growth driver. For the financial year 2007, revenue from the region increased by 26.3% to US$514.3 million, representing 77.9% of total TEL revenue, against 68.5% in the financial year 2006.

    The competitiveness of the TEL business in North America has strengthened following the rationalisation of its business operations two years ago. Better products, together with enhanced supply chain and channel management resulted in higher market share. The new 5.8GHz cordless phones, together with the AT&T 2.4GHz products using proprietary technology developed in-house, were well-received by consumers and enabled VTech to win more shelf space from retail customers.

    In Europe, as mentioned in the interim report, the market had suffered from excess inventory, especially during the first half of the financial year. Hence, despite a pick up of sales in the second half over the first half, revenue from this market still declined 25.1% over the financial year 2006 to US$126.2 million, accounting for 19.1% of total TEL revenue.

    Across the Board Growth at ELP Business

    The ELP business achieved record revenue in the financial year 2007, which increased by 26.2% as compared with the financial year 2006 to US$570.1 million. This was equivalent to 39.0% of total Group revenue, as compared with 37.5% in the previous financial year.

    The growth came across the board, with good performances from all product ranges. The traditional ELPs recorded higher sales growth than the V.Smile range, mainly driven by increased shelf space and an expanded product portfolio.

    Revenue increases were apparent in all markets, with particularly strong growth in North America as VTech continued to gain shelf space in this market. Sales from the region rose by 29.2% to US$281.2 million. In Europe, revenue grew by 21.5% over the previous financial year to US$260.9 million and VTech maintained its leadership position in its principal markets.

    In the financial year 2007, the V.Smile range entered its third year of sales. Sales of the basic console and software met management expectations. In addition to the basic V.Smile, the range was extended through the introduction of the V.Smile Baby Infant Development System(TM) (V.Smile Baby), aimed at children from nine months to three years old and the V.Flash Home Edutainment System(TM) (V.Flash), which targets those aged six and up.

    Outperformance of CMS Business

    The CMS business once again achieved excellent results, with revenue for the financial year 2007 increasing by 47.3% over the financial year 2006 to US$233.1 million, the third consecutive record. The business accounted for 15.9% of Group revenue, up from 13.1% in the previous financial year.

    The business once again outperformed the global Electronic Manufacturing Services (EMS) industry, which grew by some 13.5%(i) during the calendar year 2006. Although some new customers were acquired, the growth in revenue came primarily from existing customers, especially in the areas of switching mode power supplies, professional audio equipment and industrial printing. Particularly strong demand was experienced from customers in the United States and hence this market grew its share of total CMS revenue markedly from the 29.5% recorded in the previous financial year.

    Switching mode power supplies and professional audio equipment continued to be the leading product categories, accounting for 28.2% and 27.7% of total CMS revenue respectively, followed by communications products and home appliances.

    Europe remained the leading source of revenue, representing 48.4% of total CMS revenue, followed by North America at 36.6% and Asia Pacific at 15.0%.

    Countering Cost Pressures

    All three businesses did well to counter cost pressures during the financial year 2007, despite high materials prices, rising labour cost and overheads in China, following the appreciation of the Renminbi. Greater economies of scale and efficiency gains mitigated these pressures. The new plant at Qingyuan, in the northern part of Guangdong province, is also beginning to make a positive impact.

    Changes in Directors

    The Group's Deputy Chairman, Mr. Albert Lee Wai Kuen, retired with effect from 1st April 2007. He has been with the Group since 1984 and will continue to play a role as an adviser to the Group. Two new Executive Directors were appointed in April 2007, Mr. Edwin Ying Lin Kwan, Group Chief Operating Officer and Mr. Pang King Fai, Group Chief Technology Officer.

    Outlook

    The rise in our production volumes has begun to put pressure on capacity and to ease capacity constraints and realise further economies of scale, the Group is adding manufacturing facilities. In the second quarter of the financial year 2008, a new factory building for the CMS business will open, increasing its capacity by some 50%. We also intend to build a second factory at Qingyuan, to serve the growing needs of the ELP business.

    (i)Source: Manufacturing Market Insider -- December 2006 issue

    Growth at the TEL business will primarily come from Europe as the market recovers from excess inventory. The North American business will be hard pressed to repeat the similar growth recorded in the financial year 2007, since it has already rebounded from a sales decline and regained its leadership position. Nonetheless, innovative designs such as DECT 6.0 models are creating new product categories for retail customers, while new technologies such as the infoPhone(TM) will enable VTech to explore new distribution channels. To add further avenues of growth, the TEL business intends to develop the small and home office market.

    Building on its strong position in Europe and increasing market share in North America, the ELP business is expected to continue to grow. The Whiz Kid Learning System(TM) will enable VTech to capture a position in the reading market. The V.Smile range will continue to evolve through an enhanced V.Smile console that will hit the shelves in August 2007, as well as a smaller and lighter version of V.Smile Pocket. The library of cartridges will expand further.

    Growth at the CMS business is expected to moderate as existing customers mature and newer customers only gradually build up orders, but it should again outperform the EMS market. The Japanese market will be a focus for new business development, with separate facilities, a dedicated team and a new sales office ready to serve the clients.

    "The succession of good results achieved in recent years testifies to VTech's ability to develop sound business strategies and execute them well. I believe we have developed a solid foundation for future expansion. Despite the uncertainties of the US economy, a probable further appreciation of the Renminbi, as well as continued rises in labour costs and components prices, we expect to achieve a similar level of profitability as in the financial year 2007," said Mr. Wong.

    About VTech

    VTech is one of the world's largest suppliers of corded and cordless telephones and a leading supplier of electronic learning products. It also provides highly sought-after contract manufacturing services. Founded in 1976, the Group's mission is to be the most cost effective designer and manufacturer of innovative, high quality consumer electronics products and to distribute them to markets worldwide in the most efficient manner.

    Note: Starting from 21:30, 20th June 2007 (HK time), the video archive of the FY2007 annual results announcement can be accessed through VTech's homepage www.vtech.com in the "Webcasting and Presentation" section under "Investor Relations".

    This release is issued by VTech Holdings Ltd through GolinHarris.

    For further information, please contact:

    Grace Pang VTech Holdings Ltd Office: +852-2680-1000 Fax: +852-2680-1788 Email : grace_pang@vtech.com VTech representative in HK Nick Bradbury, GolinHarris Office: +852-2522-6475 Fax: +852-2810-4780 Email : nick.bradbury@golinharris.com VTech representative in the US John Columbus, GolinHarris Office: +1-212-373-6037 Fax: +1-212-373-6001 Email: jcolumbus@golinharris.com

    Web site: http://www.vtech.com

    VTech Holdings Ltd

    Grace Pang of VTech Holdings Ltd, +852-2680-1000, or fax, +852-2810-4780, or grace_pang@vtech.com; or VTech representatives in HK, Nick Bradbury of GolinHarris, +852-2501-7910, fax, +852-2810-4780, nick.bradbury@golinharris.com,; or VTech representative in the US, John Columbus of GolinHarris, +1-212-373-6037, +1-212-373-6001, jcolumbus@golinharris.com




    Microsoft Announces 2007 Pharmaceutical and Life Sciences Innovation Award WinnersAwards honor companies creating breakthroughs in pharmaceutical and life sciences industries through use of Microsoft technology.

    ATLANTA, June 20 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced winners of the Microsoft Pharmaceutical and Life Sciences Innovation Awards 2007, honoring companies that have created new and innovative technology solutions to address critical issues affecting the pharmaceutical and life sciences industry.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

    The awards, announced at the Drug Information Association's (DIA's) 43rd Annual Meeting in Atlanta, were given to companies that have demonstrated the best use of Microsoft(R) technology-based solutions for making breakthroughs in business processes and practices in the areas of sales and marketing, manufacturing and supply chain, clinical development, and discovery and product innovation.

    "Microsoft is committed to serving the pharmaceutical and life sciences industries with a platform that is reliable and easy to use, integrate and deploy," said Steve Aylward, general manager of the U.S. Health and Life Sciences Group at Microsoft. "Each of these award winners is a terrific example of how our software can be leveraged globally in a way that not only simplifies and streamlines internal processes, but also improves the end-user experience, which is the ultimate goal."

    Award Winners

    Award participants consisted of worldwide life sciences corporations specializing in biotechnology, diagnostics, medical equipment and devices, pharmaceuticals, animal health, nutritional products, and consumer health products. The winners are as follows:

    -- Sales and marketing category: H. Lundbeck AB, Helsingborg, Sweden. H. Lundbeck AB is a research-based company engaged in finding new drugs for treatment of central nervous system disorders, including depression, schizophrenia, Alzheimer's disease and Parkinson's disease. H. Lundbeck AB's solution uses the Brimstone CRM v06 solution for Life Sciences. Brimstone is a Microsoft strategic independent software vendor (ISV) for customer relationship management (CRM) that develops industry-ready multichannel CRM software based on Microsoft Dynamics(TM) CRM and Microsoft Office SharePoint(R) Server 2007. H. Lundbeck AB's solution is used collaboratively by the medical, marketing and sales staff to accomplish a wide variety of tasks, including segmenting and selecting customers and accounts for customer interaction, collecting customer contact footprints, analyzing information from customer interactions, and improving overall sales performance. In the field, the solution provides the sales staff with a proactive sales tool for not only reporting, but also supporting and targeting sales efforts and improving productivity. The Brimstone solution enables sales staff to give and receive more structured feedback more quickly, leading to better performance, as well as a more efficient way to respond to customer demands. -- Manufacturing and supply chain category: PharmaZell GmbH, Rosenheimer, Germany. PharmaZell is a newly established company that has taken over Noveon Lubrizol's business of delivering active pharmaceutical ingredients and intermediates. PharmaZell's mission is to provide the highest-quality ingredients made under current good manufacturing practice (cGMP) at competitive prices. -- PharmaZell implemented a Microsoft Dynamics NAV solution, an enterprise resource planning (ERP) product for small and medium-sized enterprises, with a Microsoft-certified vertical enhancement from TECTURA. After a management buyout from Noveon Lubrizol, the newly formed company had just six months to complete a prospective validated ERP implementation. By implementing the Microsoft Dynamics and TECTURA solution, PharmaZell was able to fulfill needs in sales, purchasing, materials requirement planning, logistics, manufacturing, quality control, and lot management -- while complying with pharmaceutical industry standards. In addition, the company has realized remarkably low failure rates with automation, running fast, controlled and consistent processes. -- Clinical development category: Pfizer Inc., Global Research and Development, New London, Conn. Pfizer is the world's largest research-based pharmaceutical company, employing more than 115,000 people. Dedicated to enabling better health and greater access to healthcare for people and their animals, its purpose is to help people live longer, healthier and happier lives. The company also houses the industry's largest pharmaceutical R&D organization: Pfizer Global Research and Development. Pfizer implemented the Microsoft Office Enterprise Project Management (EPM) Solution to enable the identification and prioritization of drug candidate development projects that support strategic objectives, while aligning resources for optimal efficiency and productivity. Using this solution Pfizer was able to reduce multiple systems costs and push savings back into drug development. In 2007 Pfizer created an integrated enterprise solution that delivers reliable information on project status and plans, supporting decision-making on schedule, cost, resource and priority. The solution achieved this while remaining flexible and nimble enough to support individual global line of business requirements. -- Discovery and product innovation category: BASF Plant Science GmbH, Limburgerhof, Germany. BASF Plant Science is BASF's plant biotechnology unit and a globally networked research company consisting of eight research organizations in five countries in Europe and North America. Looking to optimize the world's largest fully integrated life sciences knowledge base, BASF Plant Science implemented Microsoft Windows(R) 2003, SQL Server(TM) 2005 Enterprise Edition, metalife trinity, Visual Studio(R) 2003 and 2005, and the Microsoft .NET Framework. These solutions allowed the company to combine semantic data integration, text mining and knowledge generation to help researchers activate, compare and analyze data from sources across various areas. The enterprisewide aggregation of information and transformation into knowledge enabled BASF Plant Science to uniformly access and utilize all associated life sciences data. Metalife's application, which can be easily enrolled on a large number of Windows clients, also drastically reduces administration expenses, by giving users easy-to-use and intuitive interfaces and complete control of tasks from database updates to user management.

    The 2007 Pharmaceutical and Life Sciences Innovation Award winners were selected by an esteemed panel of industry experts:

    -- Matt Ferdock, chief executive officer, DataCeutics Inc. -- Scott Lundstrom, research vice president, Health Industry Insights, an IDC company -- Benjamin M.W. Rooks, vice president, William Blair & Co. -- Salvatore Salamone, senior contributing editor, Bio-IT World and Digital Healthcare & Productivity

    More information about the winners will be highlighted on the Microsoft Life Sciences Web site at http://www.microsoft.com/lifesciences.

    About Microsoft in Healthcare and Life Sciences

    Microsoft provides standards-based products and technology to help the healthcare and life sciences industries break down information barriers between the disparate IT environments across pharmaceutical, biotechnology and medical device companies, physicians and healthcare professionals, provider organizations, government and private-sector employers, health insurers, and consumers. Microsoft's vision for knowledge-driven health utilizes the company's market-leading technology to help people in the healthcare provider, payer and life sciences organizations integrate their systems, dramatically enhance collaboration, and increase information sharing and learning -- ultimately resulting in the ability to deliver high-quality products and services to patients and consumers worldwide. More information about Microsoft in the Life Sciences industry can be found at http://www.microsoft.com/lifesciences.

    About Microsoft

    Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

    Microsoft Corp.

    CONTACT: Ted Ladd of Microsoft Corp., +1-646-225-4722,
    tedladd@microsoft.com; or Caitlin McCabe of Ruder Finn, +1-646-220-2261,
    mccabec@ruderfinn.com for Microsoft Corp.

    Web site: http://www.microsoft.com/
    http://www.microsoft.com/lifesciences




    Level 3 Completes Internet2 Optical Network ImplementationNew Nationwide Network Delivers 100 Gigabits per Second with Ability to Expand

    BROOMFIELD, Colo., June 20 /PRNewswire-FirstCall/ -- Level 3 Communications' Business Markets Group today announced that the Internet2 nationwide, dedicated network services backbone is operational. This new 100 Gigabits per second (Gbps) network delivers an immediate increase in bandwidth and the capability for future scalability to enable emerging applications for the Internet2 research and education community. The network delivers the underlying optical technology required for Internet2 to dynamically provision multiple 10 Gbps wavelengths. This milestone enables Internet2 to remain on schedule to complete member migration from the existing network to this new backbone by later this year.

    (Logo: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO)

    "With more than 10 times the capacity of the current Internet2 backbone network, this powerful new network unlocks significant technology possibilities for our members," said Doug Van Houweling, Internet2 president and chief executive officer. "Level 3's innovative and collaborative spirit has helped keep this large and complex network project on track, even delivering the network ahead of schedule. With this latest major milestone in our network deployment, Internet2 will continue to focus our efforts on providing a smooth and seamless transition from the current network onto the new platform."

    The new Internet2 network is designed to provide point-to-point dedicated circuits and IP services that can support next-generation applications in critical fields like telemedicine, radio astronomy, distance-learning and energy sciences research. The network will also serve as a platform for network researchers to develop new networking ideas and protocols. Created to enable a wide variety of bandwidth-intensive applications currently in use and under development at campuses and research labs, the network is designed to support growth and changes in Internet2 member requirements over time.

    Under the terms of the multi-year agreement announced in June of 2006, Level 3 is providing dedicated backbone facilities comprising 13,500 long-haul route miles, multiple customer colocation suites and newly deployed metro fiber. Under the agreement, Level 3 is also providing wavelength and high-speed IP services to Internet2 with options for private line, metro and long-haul dark fiber services to interconnect the backbone with academic institutions.

    "We are very pleased to have completed the delivery of a network of this scale for Internet2," said Randy Dunbar, senior vice president of offer management for Level 3's Business Markets Group. "We are proud to be an Internet2 business partner and to be providing a network that delivers increased bandwidth and scalability, enabling research and education communities to capitalize on technology innovations."

    About Level 3 Communications

    Level 3 Communications, Inc. , an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is http://www.level3.com/.

    "Level 3 Communications," "Level 3" and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC in the United States and/or other countries. Any other product, service and company names herein may be trademarks or service marks of their respective owners. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.

    Forward-Looking Statement

    Some of the statements made in this press release may be forward-looking in nature. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving the stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Level 3 Communications

    CONTACT: Media, Jennifer Daumler, +1-720-888-3356, Lisa Powell,
    +1-918-547-8298, or Investors, Robin Grey, +1-720-888-2518, Valerie Finberg,
    +1-720-888-2501, all of Level 3 Communications

    Web site: http://www.level3.com/




    Ness Technologies Ranked Among Top Ten Global IT Outsourcing Vendors

    HACKENSACK, New Jersey, June 20 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. , a global provider of IT services and solutions, today announced that it has been ranked as one of the top ten global IT outsourcing vendors by Brown-Wilson Group. In addition, Ness Technologies was included on the 2007 Top 50 Best Managed Global Outsourcing Vendors list, for the second consecutive year. Ness was ranked 15th, advancing from last year's 30th position.

    The Top 50 Best Managed Global Outsourcing Vendors list is an annual ranking by Brown-Wilson Group, headed by Douglas Brown and Scott Wilson, authors of The Black Book of Outsourcing. The 2007 ranking was based on survey answers of 18,272 CEOs, CFOs, procurement and purchasing officers, CIOs, HR directors, strategic consultants, and others.

    "Ness is praised for its flexible service models and thus scored best in innovative service delivery" said Douglas Brown, President of Brown-Wilson Group. "As a leading multi-shore ITO, Ness provides clients with the control and IP protection of a captive center, while offering the best in cost savings and flexibility of outsourcing."

    "The ranking is a great achievement for Ness and we are proud of this recognition of our competence, capabilities and of our unique outsourcing and offshoring model," said Sachi Gerlitz, President and CEO of Ness Technologies. "The ranking validates our continued mission to bring added value to our customers and help them transform their businesses."

    Ness Technologies provides offshore services from its centers in India - in Bangalore, Mumbai, Hyderabad, Pune and Chennai - and from its center in Kosice, Slovakia. In addition, Ness provides outsourcing services in North America, Europe, Israel and Asia Pacific. Ness offers end-to-end business solutions designed to help clients improve their competitiveness and effectiveness, encompassing all technologies and IT services related to that process. Ness' offshore centers house outsourced software R&D labs for more than 30 independent software vendors (ISVs), as well as applications development, maintenance and support for information technology and information systems organizations.

    About Ness Technologies

    Ness Technologies is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With 7,500 employees, Ness maintains operations in 16 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/.

    Forward Looking Statement

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Ness' actual results could differ materially from those anticipated in these forward looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Ness' Annual Report of Form 10-K filed with the Securities and Exchange Commission on March 14, 2007. Ness is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise.

    Ness Technologies media contact: David Kanaan USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: media.int@ness.com Ness Technologies investor contact: Drew Wright USA:+1-201-488-3262 Email: investor@ness.com

    Ness Technologies Inc

    CONTACT: Ness Technologies media contact: David Kanaan, USA:
    +1-888-244-4919, Intl: +972-3-540-8188, Email: media.int@ness.com; Ness
    Technologies, Investor contact: Drew Wright, USA:+1-201-488-3262, Email:
    investor@ness.com




    Leading Industry Analyst Positions Magic Software in Visionaries Quadrant in Four Quadrant Reports on Application Infrastructure- New Research Evaluates Magic Software's Completeness of Vision and Ability to Execute

    OR YEHUDA, Israel, June 20 /PRNewswire-FirstCall/ -- Magic Software Enterprises Ltd. , a leader in enterprise application development, deployment and integration technology, announced today that it has recently been positioned in the Visionaries Quadrant of four Gartner Magic Quadrants:

    - Application Infrastructure (1) - Application Infrastructure for New Service-Oriented (SOA) Business Application Projects(2) - Application Infrastructure for Composite-Application Projects (3) - Application Infrastructure for Back-End Application Integration Projects (4)

    Gartner has defined a new market for application infrastructure that reflects the convergence and overlap of many of the products available to support application development, deployment and execution. Gartner's Magic Quadrant for Application Infrastructure, 2Q07, analyzes the total application infrastructure market and the relevance of suppliers whose products might be used in a variety of project types. Gartner produced three additional Magic Quadrants which reflect a particular emphasis in terms of user objectives and assessment criteria.

    "We think our focus on SMBs and the ecosystems of SAP, Oracle's JD Edwards World and IBM's System i has certainly helped us both in terms of vision and market reach," commented Avigdor Luttinger, Magic Software's VP of Corporate Strategy.

    David Assia, Chairman and acting CEO of Magic Software, added, "We believe the positioning of Magic Software by a leading technology analyst, such as Gartner, in the visionaries quadrant of all the four Gartner Quadrants on Application Infrastructure, confirms the success of our efforts to position Magic as a technology leader for today's business application development and integration projects, in particular in our target ecosystems."

    About the Magic Quadrant

    The Magic Quadrants are copyrighted 2007 by Gartner, Inc. and are reused with permission. The Magic Quadrant is a graphical representation of a marketplace at, and for, a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    According to Gartner, "the visionaries in this market have exhibited vision across a range of application infrastructure capabilities - not necessarily with respect to all capabilities, but many of them." (Magic Quadrant for Application Infrastructure, 2Q07)

    About Magic Software Enterprises

    Magic Software Enterprises has been a leader in enterprise application development, deployment and integration technology for more than two decades. The company's service-oriented (SOA) platforms are used by companies worldwide to develop, maintain, and deploy both legacy and new business solutions, while integrating these applications across both internal and external, heterogeneous environments. Magic Software's platform- independent methodology lets companies achieve agility by quickly assembling composite applications, allowing programmers to create services and architects and business analysts to orchestrate and reuse these services to enable business processes. Through partnerships with industry leaders such as IBM and SAP and more than 2500 ISVs worldwide, Magic Software technology is used by more than 1.5 million customers around the globe.

    Magic Software is a subsidiary of the Formula Systems and Emblaze Group of companies.

    For more information on Magic Software Enterprises and its products and services, visit http://www.magicsoftware.com/.

    Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

    (1) Simon Hayward et al., June 1st 2007 (2) Yefim V. Natis et al., May 31st 2007 (3) Massimo Pezzini et al., June 7th 2007 (4) Jess Thompson et al., June 7th 2007 Press contacts: Steven L. Lubetkin Public Relations Counsel Magic Software Enterprises Ltd. slubetkin@magicsoftware.com Phone: +1-856-751-5491 Cell: +1-856-625-5502 Mary Lou Roberts Magic Software Corporate Communications Phone: +972-215-740-8976 mlroberts@magicsoftware.com

    Magic Software Enterprises Ltd

    CONTACT: Steven L. Lubetkin, Public Relations Counsel for Magic Software
    Enterprises Ltd., slubetkin@magicsoftware.com, +1-856-751-5491, +1-856-625-
    5502 (cell); Mary Lou Roberts, Corporate Communications for Magic Software ,
    +972-215-740-8976, mlroberts@magicsoftware.com

    Web site: http://www.magicsoftware.com/




    mobilkom austria Launched Mobile MSN and ICQ on Ogo in Austria

    REDWOOD CITY, California and VIENNA, Austria, June 20 /PRNewswire/ --

    mobilkom austria the leading mobile operator in Austria with more than 3.6 million customers and a market share of 38.7%, launched Ogo(TM) -- the mobile messaging device in Austria.

    Ogo features a high resolution screen, built-in stereo speakers and external memory slot for an optimal visual/audio experience. The full keyboard and sleek design encourage user interaction designed especially for, email, MSN and ICQ on the go.

    Since Ogo targets the youth market, the service has to be affordable, and at the same time as reliable and seamless as the PC experience. To cater to this need mobilkom austria offers Ogo for 9.90 Euro a month including unlimited instant messaging, emails and browsing on Vodafone live! In addition, 25 MB for web browsing are included.

    "Our mission through Ogo is to deliver the ultimate Mobile Messaging platform. The challenge is that the concept of mobile messaging is changing, this means that in addition to Instant Messaging, Email, Web Browsing, SMS, we also enable the mobilization of blogs, social networking, online dating, and so much more," said Amit Haller, President and CEO of IXI Mobile, the maker of the Ogo suite of devices and services.

    Ogo is already available in all A1 SHOPs or through the A1 Online Shop for EUR 99.00.

    Please direct inquiries to:

    mobilkom austria AG Daniela Winnicki-Eisenhuth, M.A. Spokesperson Tel: +43-664-331-2741 E-Mail: d.winnicki-eisenhuth@mobilkom.at IXI Mobile Inc Ariella Shoham Marketing Manager IXI Mobile Tel +1-650-551-0600 E-mail: press@ixi.com

    About mobilkom austria

    With more than 3.6 million customers and a market share of 38.7%, mobilkom austria is Austria's leading mobile operator. The company, headquartered in Vienna, has generated revenues of EUR 1,726.6 million in the 2006 business year. mobilkom austria's innovation leadership is marked by the worldwide first GPRS Launch in August 2000 and one of Europe's first commercial UMTS network launched in Austria in April 2003 and HSDPA network in January 2006. With the mobilkom austria group, the success of mobilkom austria extends beyond Austria's borders. The mobilkom austria group includes mobilkom austria, Vipnet in Croatia, Si.mobil in Slovenia, Mobiltel in Bulgaria, mobilkom liechtenstein and mobile communication providers currently being established in Serbia and Macedonia.

    About IXI Mobile

    Headquartered in Redwood City, CA, IXI Mobile, Inc. (OTC Bulletin Board: ISLTU.OB, ISLT.OB, ISLTW.OB) offers solutions that bring innovative, voice and data mobile messaging devices and services to the mass market. IXI Mobile's Ogo devices are designed to improve the mobile user experience and increase mobile voice and data usage. The company provides a turn-key solution to mobile operators and Internet service providers around the world to launch and support Ogo products. For more information on IXI Mobile, please visit www.ixi.com.

    About Ogo

    The Ogo family of devices delivers popular applications, including email, instant messaging, SMS, RSS, voice and Web browsing on optimized, easy-to-use handheld devices for a complete mobile messaging experience. Ogo's interface and functionality were designed to enhance Web2.0 usability making it the ideal device for constant connectivity to live communities and user content generated sites. Ogo features "the revolutionary" OgoClip(TM) concept -- a variety of replaceable, tubular components including a 2.0 mega pixel camera, a music streamer, a Blue tooth handset and even a bottle opener providing up-sell options to carriers and affordable add-ons to end-users. Ogo was launched by mobile operators and Internet service providers around the world. More information on Ogo is available at: www.ogo.com.

    Web site: http://www.ixi.com http://www.ogo.com

    IXI Mobile, Inc.

    Daniela Winnicki-Eisenhuth, M.A., Spokesperson of mobilkom austria AG, +43-664-331-2741, d.winnicki-eisenhuth@mobilkom.at; or Ariella Shoham, Marketing Manager of IXI Mobile, +1-650-551-0600, press@ixi.com




    Waterville Investment Research, Inc. Issues Research Report on FundsTech Corp

    PONTE VEDRA BEACH, Fla., June 20 /PRNewswire-FirstCall/ -- FundsTech Corp (BULLETIN BOARD: FNDS) , a financial services company, announces the release of a research report by Waterville Investment Research, Inc., a firm that provides fundamental Wall Street investment data and research on Small- Cap public companies.

    This report can be viewed on one of the following links: As a PDF File: http://www.watervilleresearch.com/images/fundspdf.pdf http://www.watervilleresearch.com/ In the Finance section: http://www.watervilleresearch.com/companies/finance/ FundsTech page: http://www.watervilleresearch.com/companies/finance/317-1.html About FundsTech Corp

    FundsTech Corp, develops and markets two core product lines for the financial services industry. It provides a low cost, state of the art prepaid debit card solution for the unbanked population worldwide. It also provides software solutions to Financial Institutions and strategic partners in the secure I.T. network management space.

    For more information, visit http://www.fundstechcorp.com/

    Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to the statement that the funds raised will allow the Company to proceed with the execution of its growth strategy and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.

    On behalf of the Board of Directors, David Fann, President. FundsTech Corp. For more information, please contact our President at: 904-273-2794 dfann@fundstech.com http://www.fundstechcorp.com/

    FundsTech Corp

    CONTACT: David Fann, President of FundsTech Corp, +1-904-273-2794,
    dfann@fundstech.com

    Web site: http://www.fundstechcorp.com/
    http://www.watervilleresearch.com/




    PR Newswire Appoints Nick Gynne as UK & IR Sales Director

    LONDON, June 20 /PRNewswire/ --

    - With Photo

    PR Newswire, the global leader in commercial news distribution, today announced the appointment of Nick Gynne as UK and Investor Relations (IR) Sales Director.

    Gynne, who began his career at PR Newswire eight years ago, has significant experience with expanding PR Newswire's business in a competitive market. Most recently, he held the position of UK Sales Director. His responsibilities will also include PR Newswire's IR suite of services within the UK.

    "By bringing UK sales and IR services under Nick's command, it will enable a more consolidated approach to the UK market, and ensures we are better placed to offer our customers a complete communications solution, incorporating both their IR and PR requirements," said Lisa Ashworth, CEO PR Newswire Europe. "Nick's leadership skills and overall expertise will help PR Newswire continue expanding and strengthen our leadership position in the UK market."

    PR Newswire's IR services are comprised of both regulatory disclosure and IR communications.

    PR Newswire's signature Disclose service distributes regulatory and non-regulatory news announcements to approved Primary Information Providers such as Bloomberg, Reuters and Dow Jones. Currently, Disclose is the service of choice to many leading companies in the UK.

    Gynne assumes the new post during a period of strong development and growth at PR Newswire. "It is a very exciting time to be directing the UK and IR sales teams," said Gynne. "The new European regulations implemented earlier this year, will significantly impact the way companies communicate to pan-European audiences. Through Disclose, our FSA approved disclosure service; TOD wire, our European Union Transparency Obligations Directive compliant distribution service; Investor Network, our industry specific analyst distribution circuits; our EDGAR filing services, and our financial print services, PR Newswire is well positioned to assist listed companies in complying with these new regulations."

    Gynne began his career at PR Newswire as a New Business Sales Executive. Within PR Newswire, Gynne has assumed a variety of roles including Business Development Manager, Corporate Sales Manager and Strategic Account Director, working across both the corporate and agency marketplace.

    About PR Newswire

    PR Newswire (http://www.prnewswire.com and http://www.prnewswire.co.uk) provides electronic distribution, targeting, measurement and broadcast services on behalf of tens of thousands of corporate, government, association, trade, non-profit, and other customers worldwide. Using PR Newswire, these organisations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up-to-the-minute, full-text news developments.

    PR Newswire has offices in 11 countries and routinely sends its customers' news to outlets in 135 countries and in more than 40 languages. Utilising the latest in communications technology, PR Newswire content is considered a mainstay among news reporters, investors and individuals who seek breaking news from the source. PR Newswire is a subsidiary of United Business Media plc of London.

    For full information on PR Newswire products and services email marketing@prnewswire.co.uk or go to www.prnewswire.co.uk

    Note to Editors:

    A picture accompanying this release is available through the PA Photowire. It can be viewed at www.mediapoint.press.net or www.prnewswire.co.uk.

    PR Newswire Europe Limited

    Media Contacts: Rachel Meranus, Vice President Public Relations, +1-212-282-1929,email: rachel.meranus@prnewswire.com; Samantha Proctor, Head of European Marketing, PR Newswire Europe, +44-20-7454-5115, email: samantha.proctor@prnewswire.co.uk




    Harris Stratex Networks Announces Grand Opening of New International Headquarters in Singapore

    RESEARCH TRIANGLE PARK, N.C., June 20 /PRNewswire-FirstCall/ -- Harris Stratex Networks, Inc. , the leading independent supplier of turnkey wireless network solutions, today announced the grand opening of its international headquarters (IHQ) in Singapore. The new entity, Harris Stratex Networks (S) Pte. Ltd., will be led by vice president and general manager Asif Rahman. The opening ceremony will be held at the new IHQ facility located at 17, Changi Business Park Central 1, on June 20, 2007 at 2:00 p.m. SGT.

    Guy Campbell, Harris Stratex Networks president and chief executive officer; Asif Rahman; and Raj Kumar, vice president, Asia-Pacific sales, will preside over the ceremony and festivities. Customers and partners will attend to mark the entrance of the new business into the Singapore community and an important strategic milestone for Harris Stratex Networks. Chairman Lim Siong Guan of the Singapore Economic Development Board will be the guest of honor at the ceremony.

    "Our new IHQ in Singapore further demonstrates the commitment of Harris Stratex Networks in meeting the needs of our global customer base," said Guy Campbell. "It significantly strengthens our global presence and our commitment to being a major player in Asia and adjacent regions. The Singapore Economic Development Board provided excellent support during the entire process, from decision making to planning and implementation."

    "The EDB welcomes Harris Stratex's decision to set up its Headquarters functions, Global Logistics Group and R&D Center in Singapore. Its presence reinforces Singapore's position as an ideal hub for a broad spectrum of Infocomms innovations and activities. Harris Stratex's decision is also testimony to Singapore's attractiveness as a centre for companies to manage and grow their global markets due to its excellent infrastructure, connectivity and talent pool," said Mr Lim Siong Guan, Chairman of the Singapore Economic Development Board.

    The Harris Stratex Networks IHQ begins operations with 12 employees, with plans to grow to over 60 employees within 24 to 36 months. The majority of these employees will be professionals, mainly recruited from Singapore. Harris Stratex Networks (S) Pte. Ltd. will serve as a global logistics and procurement center, capitalizing on Singapore's world class seaport and airport infrastructure. Other functional areas will include day-to-day international operations, finance, contracts and supply chain management. The company also plans to establish an R&D center focused on software development at the new IHQ. To accommodate business growth, the new IHQ is located in a 12,500 sq. ft. facility.

    "In addition to serving as our IHQ, Singapore will serve as our Asia Pacific regional hub, greatly enhancing our ability to deliver rapid, high- quality customer service and support directly from the region where we do business," added Asif Rahman. "Our customers in the region can be assured that key functions, such as sales, distribution and technical support, are in sync with local needs and practices."

    Contact information for the new entity: Harris Stratex Networks (S) Pte. Ltd. 17, Changi Business Park Central 1 Honeywell Building, #04-01 Singapore 486073 Main Tel: +65 6787-1031 About Harris Stratex Networks, Inc.

    Harris Stratex Networks, Inc. is the world's leading independent supplier of turnkey wireless network solutions. The company offers reliable, flexible and scalable wireless network solutions, backed by comprehensive professional services and support. Harris Stratex Networks serves all global markets, including mobile network operators, public safety agencies, private network operators, utility and transportation companies, government agencies and broadcasters. Customers in more than 135 countries depend on Harris Stratex Networks to build, expand and upgrade their voice, data and video solutions. Harris Stratex Networks is recognized around the world for innovative, best- in-class wireless networking solutions and services. For more information, visit http://www.harrisstratex.com/.

    Harris Stratex Networks, Inc.

    CONTACT: Kami Spangenberg of Harris Stratex Networks, Inc.,
    +1-919-767-5238, Kami.Spangenberg@HSTX.com; or Eugene Wong of The Right Spin,
    +65-6325-5928, eugene@therightspin.com.sg

    Web site: http://www.harris.com/




    Unisys Selects Autonomy as Preferred Supplier for Meaning-Based Computing and Enterprise SearchAutonomy and Unisys Commit to Developing Next-Generation Solutions for UK Police

    CAMBRIDGE, England and SAN FRANCISCO, June 20 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise, today announced that it has been chosen as the preferred supplier of meaning-based technologies in the investigative and intelligence sector in the United Kingdom by Unisys, a worldwide technology services and solutions company. Autonomy has already collaborated with Unisys with great success to enhance the capabilities of the Home Office Large Major Enquiry System (HOLMES). HOLMES is used by more than 5000 users in 52 Police forces, and by many of their criminal justice partners across the UK, to provide a central system for handling and managing major enquiries and to respond to national disasters and major incidents. HOLMES has been crucial in many recent high-profile operations such as the Soham murder enquiry, the 7/7 bombing investigations and Tsunami responses, and is proposed to be used to provide security for the 2012 Olympics. Under the terms of their new arrangement, Autonomy and Unisys will create a joint sales task-force, combining Autonomy's world-leading software with Unisys's specialist integration competencies for the UK investigative and intelligence sector.

    Autonomy and Unisys are currently working together to provide more forces with the full range of Autonomy's advanced data retrieval and processing functionality, including conceptual retrieval, dynamic hyperlinking, automatic categorization and the Autonomy data warehouse, through the HOLMES system. Autonomy and Unisys are also looking to the future and are working together to enhance HOLMES 2 to deal with a wider range of enquiries which could include fraud, road traffic accident investigation, serial and serious crimes, as well as the capabilities to deal with multimedia such as images and CCTV footage.

    "We have worked with Autonomy on HOLMES for the last 10 years, and our relationship has been a great success to date," commented Forbes Gallagher, Client Director for HOLMES of Unisys. "By entering into this new agreement we will offer more forces the potential to take full advantage of Autonomy's functionality by switching on the latent capabilities of the IDOL sever in HOLMES, as well as looking to the future and finding new ways we can work together."

    Dr Mike Lynch, CEO and founder of Autonomy, added "Unisys is one of our key integrators and the continued evolution of the HOLMES system using Autonomy has been integral to our success in this sector. I look forward to moving this partnership forward by investing in our joint skill base and providing a greater range of Autonomy's capabilities to UK Police forces."

    Autonomy will be exhibiting with Unisys at the Association of Chief Police Officers (ACPO) Conference 2007 at G-Mex in Manchester from 19-21st June.

    About Unisys

    Unisys is a worldwide technology services and solutions company. Our consultants apply Unisys expertise in consulting, systems integration, outsourcing, infrastructure, and server technology to help our clients achieve secure business operations. We build more secure organizations by creating visibility into clients' business operations. Leveraging the Unisys 3D Visible Enterprise approach, we make visible the impact of their decisions-ahead of investments, opportunities and risks. For more information, visit http://www.unisys.com/.

    About Autonomy

    Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology forms a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, BI, CRM, KM, call center solutions, rich media management, compliance and litigation solutions and security applications, and is recognized by industry analysts as the clear leader in enterprise search.

    Autonomy's customer base comprises more than 16,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Kraft Foods, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. Autonomy also has over 300 OEM partners and more than 350 VARs and Integrators, numbering among them leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Stellent, Sybase, Symantec, TIBCO and Vignette. The company has offices worldwide.

    The Autonomy Group includes: Aungate, specialist in real-time enterprise governance; Virage, a visionary in rich media management and security and surveillance technology; etalk, award-winning provider of enterprise-class contact center products and Cardiff, a leader in content capture and business process management solutions

    Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.

    Autonomy Editorial Contacts: Winifred Shum Autonomy (US) +1-408-542-2363 wshum@autonomy.com Marijke Shugrue Bite Communications (US) +1-212-857-9376 marijke.shugrue@bitepr.com Edward Bridges Financial Dynamics (UK) +44-207-831-3113 edward.bridges@fd.com Ali Merifield Bite Communications (UK) +44-(0)20-8834-3441 +44-(0)20-8741-1123 ali.merifield@bitepr.com

    Autonomy Corporation plc

    CONTACT: Autonomy Editorial Contacts: Winifred Shum, Autonomy (US),
    +1-408-542-2363, wshum@autonomy.com; Marijke Shugrue, Bite Communications
    (US), +1-212-857-9376, marijke.shugrue@bitepr.com; Edward Bridges, Financial
    Dynamics (UK), +44-207-831-3113, edward.bridges@fd.com; Ali Merifield, Bite
    Communications (UK), +44-(0)20-8834-3441, +44-(0)20-8741-1123,
    ali.merifield@bitepr.com




    Certicom Launches UMA Device Software for Mobility MarketToolkit provides core functionality for device manufacturers to support unlicensed mobile access

    MISSISSAUGA, ON, June 19 /PRNewswire-FirstCall/ -- Certicom (TSX: CIC) today launched Certicom UMA Device Software, a software developer module that makes it easy for device manufacturers to implement the unlicensed mobile access (UMA) protocol and get their products to market faster while reducing development costs. Certicom has drawn on its many years of experience in the mobility sector to provide a standards-based, portable module featuring a small footprint ideal for handsets, GA/UMA terminal adapters, mobile operator home gateways, UMA softphones and femtocell backhauling.

    UMA addresses the fixed mobile convergence (FMC) market by enabling a mobile device to access the core of a cellular network using an IP connection that is secured by a standard IPSec VPN. When using UMA, mobile devices will have the same features they get when connected on the standard GSM cellular network.

    "Mobile device manufacturers are faced with short product life spans and the need to roll out new models that are increasingly more complex," said Jim Alfred, director of product management, Certicom. "To balance these demands, they need to partner with companies like Certicom that understand the challenges and can help them get to market quickly, while reducing the risks of adding advanced technology to their products."

    Certicom UMA Device Software: - Efficient: built for resource constrained devices, minimizing the impact on memory usage and CPU resources; - Easy to integrate: contains well-defined APIs to help developers to quickly and easily integrate the UMA module with other elements that comprise the mobile device; - Provides compatibility: includes the latest industry standards for UMA protocol operation, including TS 43.318, TS 44.318 Release 6, and UMA v1.3, ensuring compatibility with other UMA network devices; and - Secure: integrated with Certicom Security Builder IPSec, an award- winning, comprehensive, cross-platform VPN module.

    Certicom UMA Device Software is a cost-effective way for original equipment manufacturers to quickly bring interoperable UMA products to market. Pricing depends on the customer's platform requirements and includes developer licenses, royalties, support and integration services. For more information, visit http://www.certicom.com/uma.

    About Certicom

    Certicom protects the value of your content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for classified and sensitive but unclassified government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the undisputed leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, ON, Canada with worldwide sales and marketing headquarters in Reston, VA and offices in the US, Canada and Europe. Visit http://www.certicom.com/.

    Certicom, Certicom ECC Core, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder MCE, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Information subject to change.

    Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of the Company to develop, promote and protect its proprietary technology security breaches or defects in the Company's products; competitive conditions in the businesses in which the Company participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in the Company's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with the Company; reliance on a limited number of customers; demand for ECC-based technology; performance of the Company's management team and the Company's ability to attract and retain skilled employees; operating the Company's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in the Company's annual information form dated July 26, 2006 and filed on SEDAR at http://www.sedar.com/.

    Certicom Corp.

    CONTACT: Lisa Courtney Lloyd, Jolita Communications, (613) 271-7512,
    lcourtneylloyd@jolita.ca

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