Companies news of 2007-06-21 (page 1)
Delta Air Lines Selects iSeatz to Power New Cross-Sell and Merchandising Strategy and...
SXC Health Solutions to host analyst and institutional investor event
METASwarm Announces Entry into Booming China Mobile Music Sales Industry
ZIM Corporation announces fiscal year 2007 financial results
Tollgrade Updates Second Quarter 2007 Expected Results
Vietnam Takes a Wireless Leap with Motorola wi4 WiMAXVNPT embarks on its first mobile...
Podcast Alert: TrendSpotter: EarthLink Podcast Series Highlights Trends Shaping the Online...
Jeffrey Berg Named as Communications Systems, Inc. CEO
TDS Senior VP and Controller D. Michael Jack to Retire
Tellabs Issues Statement on Supreme Court Ruling in Tellabs v. Makor
Cablevision Extends Leadership Position in Delivery of High-Definition Programming With...
Comedy Central(R) Enters Presidential Race With the Launch of Indecision2008.comWeb Site...
As Summer Begins, Verizon Wireless' Network Is Ready for Blackouts and Other Summer...
Comcast Commits $55 Million in Multiplatform Exposure With the Partnership for a Drug-Free...
Mellon Working Capital Solutions Offers Free New, On-Demand Cyberconferences
BullMarket.com Updates Outlook on Canadian Energy Trusts
Harris Corporation Names Sheldon J. Fox President of its DoD Programs Business Unit
CSI's Annual Shareholder Meeting to Air Live
ViPS and MHQP Announce Physician Performance Measurement Pilot ProjectInitiative is Part...
Lexmark, Ipsos research: wireless world not all work
Atmel Schedules First Quarter 2007 Earnings Release Conference Call and News Release
MagnaChip Applies CUP Technology to its Foundry Business, Reducing Chip Size
Oracle and i-flex solutions Announce Certification of i-flex's FLEXCUBE With Oracle(R)...
EDS Web Site Tops Customer Respect Ranking for Fourth Year
Microsoft Family Business Survey Reveals Conflict in Family-Owned BusinessesGen X-ers have...
China-Biotics, Inc. Reports Fourth Quarter and Full Year Fiscal 2007 Financial Results
Motorola's WiMAX and Mesh Solutions Earn NXTcomm Eos AwardsAward recognizes companies with...
Vyyo's UltraBand Recognized by GeoResults as 'Cable Business Services Platform of the...
Intermatic Deploys Agile 9.2 for Global New Product DevelopmentLeading Energy Control...
Delta Air Lines Selects iSeatz to Power New Cross-Sell and Merchandising Strategy and Functionality at delta.comiSeatz' customized Travel and Entertainment solution enables Delta to be the only global U.S. airline to offer an integrated, relevant and comprehensive travel gateway
NEW YORK and ATLANTA, June 21 /PRNewswire/ -- iSeatz, a leading provider of customized Travel and Entertainment technology solutions that drive brand devotion and revenue, today announced that its custom-designed solution powers integral components of the newly enhanced delta.com web site. The site is now a full-service travel gateway that offers Delta Air Lines' customers the opportunity to purchase a global set of relevant lodging, rental car and trip amenity options. This represents an industry "first" -- specifically, the first and only time a U.S. carrier has embraced a comprehensive cross-sell and merchandising approach to selling all main components of a trip via an integrated shopping experience. Delta chose to implement this strategic initiative to better serve its customers, generate ancillary revenue, and to provide yet another reason for customers to use delta.com, the carrier's lowest-cost booking channel.
With product and functionality relevance as its goal, iSeatz worked closely with Delta to create and implement a shopping-to-fulfillment solution that fits Delta's business requirements and fully aligns with its customers' specific product preferences and desires. From hotel accommodations and car rentals with Delta's SkyMiles partners to trip activities and services including Crown Room Club passes, airport parking, city attractions and more, Delta's customers may now fulfill all of their Travel and Entertainment needs via a single shopping cart and checkout process. iSeatz' flexible technology platform easily integrates into delta.com while observing Delta's business rules and preferences.
Delta invested in a technology solution that is relevant to nearly every customer who makes purchases on delta.com, as well as a sizeable consumer audience that regularly utilizes the Internet to fulfill their travel needs. Findings from a recent consumer survey by Forrester Research indicate the strong customer base that can benefit from the added utility and value of delta.com:
-- The overwhelming majority of US airline Business travelers and Leisure
travelers purchase travel online (86% and 83%, respectively).
-- Almost half (44%) of Business travelers purchase travel from airline
supplier sites like delta.com, while 35 percent of Leisure travelers
rely on supplier sites.
-- Almost all (92%) of US leisure airline travelers buy on supplier sites
and stay at least once a year in a hotel for leisure.
Source: Forrester Research North American Consumer Technology Adoption Study Q3 2006 Mail Survey
"With a flexible technology platform that enables us to select inventory sources, improving cross-sell and merchandising, iSeatz allows delta.com to take control of its shelf space and retailing strategy - a critical step that will help us increase customer options and generate revenue," said Josh Weiss, Delta's managing director of delta.com. "By partnering with iSeatz, Delta was able to implement its innovative business strategy quickly."
"We're excited to collaborate with Delta and serve as a catalyst in the airline industry by enabling Delta to implement a comprehensive and relevant merchandising strategy that will amplify its brand and increase revenue," said Kenneth Purcell, founder and chief executive officer of iSeatz.com. "Through our customized technology solution and product set tailoring, Delta is well positioned to differentiate itself in today's competitive marketplace."
iSeatz has selectively built a broad inventory set that consists of more than 60,000 hotel properties, the major car rental agencies and more than 3,000 destination services products, as well as a highly-leverageable proprietary inventory. With a thriving network of Experience Providers supplying a multitude of products and choices, iSeatz' multi-experience solutions are relevant for any industry-leading company seeking to drive brand devotion and revenue.
Hotel, rental car, and all other additions are subject to the terms and conditions of the service provider. Prices, amenities, offers, terms and conditions subject to change without notice.
About iSeatz.com
iSeatz.com is the provider of customized Travel and Entertainment technology solutions that drive brand devotion and revenue for each of its industry-leading customers. Leveraging its expertise and research, iSeatz delivers a demographically relevant offering that catapults its customers to the forefront of their respective market segments. iSeatz delivers its solutions through a flexible Service Oriented Architecture that enables easy integration and supports a simple interface that drives repeat usage and extreme functionality. By providing this adaptable, strong and creative platform, iSeatz has built a product that is uniquely positioned to accommodate each customer's needs, business rules and technical specifications. iSeatz is the first and only company to offer customized product set tailoring, a multi-experience cross selling-engine and consistent shopping experience. In addition, iSeatz provides dedicated 24/7 multilingual customer support, pricing, content and flow that make sense for your business, generates revenue, and shifts share from higher cost channels and competitors. To learn more about iSeatz.com visit http://www.iseatz.com/.
About Delta Air Lines
Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service to 311 destinations in 52 countries. With more than 60 new international routes added in the last year, Delta is adding international flights at a faster rate than any other major U.S. airline and is a leader across the Atlantic with flights to 32 trans-Atlantic destinations. To Latin America and the Caribbean, Delta offers more than 600 weekly flights to 58 destinations. Delta's marketing alliances also allow customers to earn and redeem SkyMiles on nearly 15,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Including its SkyTeam and worldwide codeshare partners, Delta offers flights to 462 worldwide destinations in 98 countries. Customers can check in for flights, print boarding passes and check flight status at delta.com.
iSeatz.com
CONTACT: Erika Freed, +1-212-699-3696, Erika@0to5.com, for iSeatz.com
Web site: http://www.iseatz.com/ http://www.delta.com/
SXC Health Solutions to host analyst and institutional investor event
LISLE, IL, June 21 /PRNewswire-FirstCall/ -- SXC Health Solutions, Inc. ("SXC" or the "Company") , a leading provider of pharmacy benefits management services, is hosting its inaugural analyst and institutional investor event in New York City on Wednesday June 27, 2007. The meeting will run from 8:00 a.m. until approximately 11:30 a.m. eastern time and will feature presentations from SXC's executives, key partners and customers. SXC executives will offer an in-depth discussion of their business and the guest speakers will comment on industry trends as well as their experiences using SXC's solutions to solve their pharmacy benefit management issues.
The day's proceedings will be webcast live and archived on SXC's website for three months. To access the live webcast, go to: investor.shareholder.com/media/index.cfm?c=SXCI&e=1&mediakey=2E18517E8E3BFA17DF7CAD5EED8B9406
About SXC Health Solutions
SXC Health Solutions, Inc. (SXC) is a leading provider of pharmacy benefits management (PBM) services and healthcare IT solutions to the healthcare benefits management industry. The Company's product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is based in Lisle, Illinois with locations in; Scottsdale, Arizona; Warminster, Pennsylvania; Alpharetta, Georgia; Milton, Ontario and Victoria, British Columbia. For more information please visit http://www.sxc.com/.
Forward-Looking Statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause our actual financial results, performance, or achievements to be materially different from our estimated future results, performance or achievements expressed or implied by those forward-looking statements. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation, our ability to achieve increased market acceptance for our product offerings and penetrate new markets; consolidation in the healthcare industry; the existence of undetected errors or similar problems in our software products; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; our ability to compete successfully; potential liability for the use of incorrect or incomplete data; the length of the sales cycle for our healthcare software solutions; interruption of our operations due to outside sources; our dependence on key customers; maintaining our intellectual property rights and litigation involving intellectual property rights; our ability to obtain, use or successfully integrate third-party licensed technology; compliance with existing laws, regulations and industry initiatives and future change in laws or regulations in the healthcare industry; breach of our security by third parties; our dependence on the expertise of our key personnel; our access to sufficient capital to fund our future requirements; and potential write-offs of goodwill or other intangible assets. This list is not exhaustive of the factors that may affect any of our forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to SXC or persons acting on our behalf are expressly qualified in their entirety by this notice. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise. Risks and uncertainties about our business are more fully discussed in our Annual Information Form.
Certain of the assumptions made in preparing forward-looking information and management's expectations include: maintenance of our existing customers and contracts, our ability to market our products successfully to anticipated customers, the impact of increasing competition, the growth of prescription drug utilization rates at predicted levels, the retention of our key personnel, our customers continuing to process transactions at historical levels, that our systems will not be interrupted for any significant period of time, that our products will perform free of major errors, our ability to obtain financing on acceptable terms and that there will be no significant changes in the regulation of our business.
SXC Health Solutions, Inc.
CONTACT: Jeff Park, Chief Financial Officer, SXC Health Solutions, Inc., Tel: (630) 577-3206, investors@sxc.com; Dave Mason, Investor Relations, The Equicom Group Inc., (416) 815-0700 ext. 237, dmason@equicomgroup.com; Susan Noonan, Investor Relations - U.S., The SAN Group, LLC, (212) 966-3650, susan@sanoonan.com; Judith Sylk-Siegel, Media Contact, Rx Communications Group, (917) 322-2164, jsylksiegel@rxir.com
METASwarm Announces Entry into Booming China Mobile Music Sales Industry
SANTA MONICA, Calif., June 21 /PRNewswire-FirstCall/ -- METASwarm, Inc. (Pink Sheets: MWSM) today announced a Memorandum of Understanding with JiaYu Music Corp to create a system framework for the sale of mobile music through validated channels. Mobile music in China, also called wireless music, encompasses mobile phone ring tone, color ring back tones and mobile phone MP3 music. The sale of ringtones in China is a multimillion dollar business, with many users buying new ringtones on a weekly basis. According to China's Ministry of Information Industry (MII), sales of ringtones in China are estimated to have been over $360 million in 2006.
The wild popularity of downloading mobile music has lead to many fraudulent schemes throughout China. Users often cannot trust the validity of the merchant from whom they try to buy their mobile music value-added content. METASwarm's system will use the company's validated SMS messaging technology to interface between users and the telecom network to certify and authorize purchases.
Using MetaSwarm's HyperSwarm and Topic Analysis technologies, the Company will be able to create Top 20 ratings lists of various music categories. These ratings will be derived from user download behaviors, and Topic Analysis of music interest sites in Greater China. These HyperSwarm/Topic analytical results would easily be licensed to marketing groups worldwide. Ratings will be used to determine which ringtones/songs users are most likely to purchase and marketing will focused on these sales opportunities.
Channels of highly-rated songs would be developed by METASwarm for shopping and public areas in China, which currently use CDs of, often, pirated music. Advertisements would be marketed for inclusion in the music channels and performance fees would potentially be paid as a percentage of revenue to the rights holders. Validated messaging system would be used to manage delivery of channels. METASwarm expects to build more than 20,000 audio networks/sites in over 100 cities in China within three years and reach 200 millions audiences a day.
The Mobile Music Market in China
Over 80% of mobile users in China have downloaded more than one song to be used as their ring tone. According to CCID Consulting, the total sales volume of mobile handsets with polyphonic ringtones in the PRC increased to 67.47 million units in 2004, representing 85.70% of the market share. In 2004, the mobile handset market in the PRC was dominated by mobile handsets with 40 polyphonic ringtones and 16 polyphonic ringtones, which together accounted for over 50% of the market share. The market share of mobile handsets with 40 polyphonic ringtones has increased rapidly from 10.10% in 2003 to 28.20% in 2004.
The MII estimates that the color ring back tone market will exceed the mobile phone ring tone market with a market scale of over $600 million within the next five years. Due to high market demand, the MII expects that the mobile phone music market will show high growth and potentially reach over $1 billion in annual sales.
About METASwarm, Inc.
MetaSwarm, Inc. is headquartered in California and is focused in the information technology industry. MetaSwarm specializes in personal and commercial information assurance solutions, including anti-fraud, anti-spam, and relationship analysis solutions for the Internet e-commerce markets. Specifically, MetaSwarm products provide applications for message management, message and website validation, and message and website analysis for email, cell phone text messaging (SMS), instant messaging (IM), and web pages.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation
Contact: Ashley Hull
(310) 450-9100
hunnyhull@propublicmedia.com
METASwarm, Inc.
CONTACT: Ashley Hull for METASwarm, Inc., +1-310-450-9100, hunnyhull@propublicmedia.com
Web site:
ZIM Corporation announces fiscal year 2007 financial results
OTTAWA, June 21 /PRNewswire-FirstCall/ -- ZIM Corporation (OTCBB: ZIMCF), a mobile content and service provider, today announced its results for the fiscal year ended March 31, 2007. All figures presented are calculated in accordance with generally accepted accounting principles (GAAP) in the United States and presented in US dollars.
Revenue for the year ended March 31, 2007 was $2,195,184, a decrease from $3,595,315 in the prior year. As previously announced, ZIM's decrease in revenue is primarily attributable to the decline in revenue from our SMS aggregation services as a result of management's decision to no longer focus on this market.
Net loss for the year ended March 31, 2007 was $1,936,187 or a basic and diluted loss per share of $0.02. The net loss for the year ended March 31, 2006 was $3,388,493 or a basic and diluted loss per share of $0.06. Included in the net loss for the year ended March 31, 2007 is a non-cash amount of $972,209 relating to the amortization of intangible assets acquired in the purchase of Advanced Internet Services Inc.
ZIM had cash of $ 441,637 at March 31, 2007, as compared to a cash balance of $237,035 at March 31, 2006. As at March 31, 2007, ZIM also had an amount due to the chief executive officer, who is also a shareholder, of $43,305.
"Consistent with previous announcements, ZIM continued to experience a decrease in SMS aggregation revenues however, we continue to pursue opportunities related to our Internet TV and Mobile Content platforms" said Dr. Michael Cowpland, President and CEO of ZIM.
About ZIM
ZIM is a provider of internet TV programming and services (also referred to as IPTV) and a mobile content and service provider. For more information on ZIM and its customers, partners and products, visit: http://www.zim.biz/.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the success of ZIM's aggregation services and ZIM's ability to enter the mobile content market. All forward-looking statements made in this press release relating to expectations about future events or results are made as of, and are based upon information available to ZIM as of, the date hereof. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described or implied by any forward-looking statements. Factors that might cause such a difference include, but are not limited to, ZIM's limited operating history, ZIM's history of operating losses and expected future operating losses, ZIM's ability to obtain additional financing when needed, ZIM's ability to continue as a going concern, ZIM's reliance on wireless carriers to market and use its applications and services, possible fee increases by third party service providers, the potential loss of services of Dr. Michael Cowpland and other key personnel, rapid developments in technology, including developments by competitors, possible internal controls deficiencies and possible accounting adjustments resulting from our year-end accounting and review procedures, ZIM's ability to maintain current reporting under the Securities Exchange Act of 1934, and ZIM's ability to successfully integrate any acquisition. Please refer to ZIM's filings with the SEC for additional information regarding risks and uncertainties. Copies of these filings are available through the SEC's website at http://www.sec.gov/. ZIM assumes no obligation to revise or update publicly the forward-looking statements included in this news release, other than as required by law.
ZIM CORPORATION
CONTACT: Jennifer North, (613) 240-4300, ZIM Corporation, investorrelations@zim.biz
Tollgrade Updates Second Quarter 2007 Expected Results
PITTSBURGH, June 21 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. today announced that it currently expects that its revenue and earnings for the second quarter ending June 30, 2007, will be near the low end of the range of estimates provided by the Company on April 25, 2007. Those estimates indicated that revenue could range from $15 million to $19 million for the second quarter, with earnings per share ranging from $0.07 to $0.19. This is primarily caused by certain international project implementation issues, which are delaying the receipt by the Company of customer acceptances for such project during the current quarter.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )
"As we discussed in our first quarter, 2007 earnings release, our expected revenue and earnings ranges for the second quarter, 2007 are largely dependent upon project deployment and the rate of site-by-site customer acceptances for one of our large international projects," said Mark B. Peterson, Tollgrade's Chief Executive Officer. "We continue to experience implementation delays with that project, which are, in certain instances, caused by third party elements to the project. We continue to expect that these delays will be resolved during the second half of the year, and that this project will contribute to our performance as expected during the remainder of this year," added Peterson.
About Tollgrade
Tollgrade Communications, Inc. is a full-system provider of leading hardware and software testing solutions for the global telecommunications and cable broadband industries. Tollgrade designs, engineers, markets and supports test systems, test access and status monitoring products. The Company, which is headquartered in the Pittsburgh suburb of Cheswick, Pa., recorded 2006 revenues of $65.4 million. The Company's web address is http://www.tollgrade.com/.
Forward Looking Statements
The foregoing release contains "forward looking statements" regarding future events or results within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the Company's current expectations regarding revenue and earnings results for the second quarter of 2007 and the full year 2007 and its ability to resolve timing and implementation issues in one of its large international projects. The Company cautions readers that such "forward looking statements" are, in fact, predictions that are subject to risks and uncertainties and that actual events or results may differ materially from those anticipated events or results expressed or implied by such forward looking statements. The Company disclaims any current intention to update its "forward looking statements," and the estimates and assumptions within them, at any time or for any reason.
In particular, the following factors, among others could cause actual results to differ materially from those described in the "forward looking statements:" (a) inability to complete sales, or possible delays in deployment, of products under international projects due to inability to complete or possible delays in completing the legal and commercial terms for such projects, including the failure to receive and delays in receiving purchase orders for such projects, project delays or cancellations, political instability, inability to obtain proper acceptances or other unforeseen obstacles or delays; (b) inability to complete or possible delays in completing certain research and development efforts required for international projects; (c) our dependence upon a limited number of third party subcontractors and component suppliers to manufacture or supply certain aspects of the products we sell; and (d) the uncertain economic and political climate in certain parts of the world where we conduct business and the potential that such climate may deteriorate. Other factors that could cause actual events or results to differ materially from those contained in the "forward looking statements" are included in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") including, but not limited to, the Company's Form 10-K for the year ended December 31, 2006 and any subsequently filed reports. All documents are also available through the SEC's Electronic Data Gathering Analysis and Retrieval system at http://www.sec.gov/ or from the Company's website at http://www.tollgrade.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Tollgrade Communications, Inc.
CONTACT: Bob Butter of Tollgrade Communications, Inc., +1-412-820-1347, cell, +1-412-736-6186, bbutter@tollgrade.com
Web site: http://www.tollgrade.com/
Company News On-Call: http://www.prnewswire.com/comp/849775.html
Vietnam Takes a Wireless Leap with Motorola wi4 WiMAXVNPT embarks on its first mobile WiMAX trial with plans to increase broadband penetration and roll out new IP services
WASHINGTON, June 21 /PRNewswire-FirstCall/ -- Motorola, Inc. and Vietnam Datacommunications Company (VDC), a company within the Vietnam Posts and Telecommunications Group (VNPT) today signed an agreement to commence a technical and commercial WiMAX trial in Hanoi and Ho Chi Minh City, the nation's two largest cities.
It is anticipated that the deployment of Motorola's wi4 WiMAX will allow VDC to reach a wider subscriber base, help meet the demand for broadband, as well as roll out IP services such as VoIP without the need for wired infrastructure.
The year long trial is expected to begin in October 2007. Phase one will cover an urban area in Hanoi and the second phase will cover a similar urban area in Ho Chi Minh City.
"Using WiMAX for wireless broadband access is key to a market such as Vietnam where wired broadband penetration is low," said Jay Andersen, vice president for sales, South and East Asia, Home and Networks Mobility, Motorola. "It has the potential to enable the country to leap frog current wired technologies so that a larger population in Vietnam's rapidly growing market can be connected quickly and affordably," Mr. Andersen noted.
"We see a future where wireless broadband can truly enhance the way of life in Vietnam and add its people to the knowledge economy," said Pham Long Tran, chairman of VNPT Group. He added, "Adopting an open standard like WiMAX is the best way to serve our customers and future subscribers."
"We are proud to be part of VNPT's first mobile WiMAX trial in Vietnam," said David Knapp, general director, Motorola Vietnam. "This marks a true milestone for this maturing country and demonstrates the foresight and dedication of VNPT to improving the nation's infrastructure," stated Mr. Knapp.
WiMAX is part of Motorola's MOTOwi4(TM) comprehensive portfolio of wireless broadband solutions and services that deliver and extend coverage. With this unique portfolio comes an innovative end-to-end solution. Delivering IP coverage to virtually all spaces, MOTOwi4 also includes fixed, mesh, and indoor solutions for private and public networks. All of the MOTOwi4 solutions complement each other and can be deployed to meet the specific requirements for public and private networks.
Globally, Motorola has been driving the development of WiMAX through strong industry alliances and collaborative agreements with industry-leading companies. Motorola has been selected by Sprint Nextel and Clearwire in the US, Wateen in Pakistan, and Agni in Bangladesh for nation-wide WiMAX deployments. Motorola has several commercial contracts for WiMAX deployments worldwide and multiple trials happening around the Asia Pacific region. For more information on Motorola's wi4 WiMAX solution, visit: http://www.motorola.com/motowi4/wimax
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US$42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
About Vietnam Posts and Telecommunications Group
Vietnam Posts and Telecommunications Group (VNPT) is the country's major state-owned post and telecommunications provider. It focuses on providing infrastructure and services to the nation's residents, managing logistics and sourcing, acting as consultant to other entities in the sector, and promoting postal and telecom industry development. VNPT owns eight state-affiliated companies including Vietnam Datacommunications Company, several joint ventures and 13 other subsidiaries in the country and in the region.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2007. All rights reserved.
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Motorola, Inc.
CONTACT: Cordia So of Motorola Home & Networks Mobility, Asia Pacific, +852-2966-3840, cordia.so@motorola.com; Le Bao Khanh of Galaxy Co., Ltd, +844-974-6116, lebkhanh@galaxy.com.vn; Benjamin Koe of Hill & Knowlton (SEA) Pte Ltd, +65-6390-3335, benjamin.koe@hillandknowlton.com.sg
Web site: http://www.motorola.com/
Podcast Alert: TrendSpotter: EarthLink Podcast Series Highlights Trends Shaping the Online Experience
ATLANTA, June 21 /PRNewswire-FirstCall/ -- "You're Linked to EarthLink" is EarthLink's audio podcast series that links people to company initiatives, news and innovations. In this edition, Craig Forman, executive vice president and president of EarthLink's Access and Audience business unit, gives a glimpse into the latest online trends shaping how people connect to each other in the virtual world.
What: Audio Podcast interview with Craig Forman, EarthLink EVP and
President of Access and Audience
When: June 20, 2007
Where: http://www.earthlink.net/about/podcast/
How: Go to the URL above, and follow the subscription instructions on
the Website.
Contact: Carla Shaw
EarthLink
Corporate Communications
shawcm@corp.earthlink.net
404-748-7436
About EarthLink
"EarthLink. We revolve around you(TM)." As the nation's next generation Internet service provider, Atlanta-based EarthLink has earned an award-winning reputation for outstanding customer service and its suite of online products and services. EarthLink offers what every user should expect from their Internet experience: high-quality connectivity, minimal online intrusions and customizable features. Whether it's dial-up, high-speed, voice, web hosting, wireless or "EarthLink Extras" like home networking or security, EarthLink connects people to the power and possibilities of the Internet. Learn more about EarthLink by calling (800) EARTHLINK or visiting EarthLink's Web site at http://www.earthlink.net/.
Minimum Requirements: a computer, an Internet connection, (broadband required), a portable MP3/Video player or MP3/Video-player application on your computer, podcasting software and QuickTime 7. If you experience problems downloading the podcast, send an e-mail to webcast@multivu.com.
EarthLink
CONTACT: Carla Shaw of EarthLink Corporate Communications, +1-404-748-7436, shawcm@corp.earthlink.net
Web site: http://www.earthlink.net/
Jeffrey Berg Named as Communications Systems, Inc. CEO
HECTOR, Minn., June 21 /PRNewswire-FirstCall/ -- The Board of Directors of Communications Systems, Inc. today announced the appointment of Jeffrey K. Berg as Chief Executive Officer of the Company, effective immediately. Mr. Berg succeeds Curtis A. Sampson who has been the Company's Chief Executive Officer since it was founded in 1969. Mr. Sampson will continue as the Chairman of the Board.
The Company also announced that Wayne E. Sampson, the Chairman's brother, who has served on the CSI Board since 1981, has retired as a director effective today, and that Mr. Berg has been appointed by the Board of Directors to fill the director position vacated by Wayne Sampson's retirement.
Mr. Sampson stated that: "I am pleased that CSI's 37 years of operations have resulted in several stock splits, stock dividends, and regular cash dividends, as well as two major spin-offs, that provided shareholders with $32.75 for each share of CSI stock held prior to the two spin-offs. CSI's current financial position is very strong, with cash in excess of $30,000,000 and no debt. President and Chief Operating Officer Jeff Berg and I have worked together with others for 17 years to achieve the goals set for CSI and its shareholders. Shareholders will be well served by Jeff Berg as CSI's new Chief Executive Officer."
Mr. Berg stated: "Curt is a great leader who has set the bar very high for all of us at CSI. With his vision, he created a long lasting, prosperous company and we are committed to continuing that legacy into the future. CSI has been and is a very financially strong company. With Curt's direction and guidance, we have never lost sight of our employees and customers. Speaking personally, Curt has been a role model and mentor. I am honored and excited with this appointment. On behalf of all CSI employees, we thank Curt for his past and future leadership and caring."
Communications Systems, Inc. also announced that at its annual meeting of shareholders today, Curtis Sampson and Gerald D. Pint were reelected to the Board of Directors for three year terms.
About Communications Systems, Inc.
Communications Systems, Inc. ("CSI") provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice grade connecting devices and wiring systems. CSI serves the broadband market as the world's leading supplier of media conversion technology, which permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. CSO also supplies copper wire and fiber optic structured wiring systems for broadband networks and line filters for digital subscriber line ("DSL") service. CSI also provides network design, training and management services.
Cautionary Statement: From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Company may make forward-looking statements concerning possible or anticipated future financial performance, business activities, plans, pending claims, investigations or litigation which are typically preceded by the words "believes", "expects", "anticipates", "intends" or similar expressions. For such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that such forward looking statements are subject to risks and uncertainties which could cause actual performance, activities or plans to differ significantly from those indicated in the forward-looking statements.
Communications Systems, Inc.
CONTACT: Curtis A. Sampson, Chairman, or Jeffrey K. Berg, President and Chief Operating Officer, or Paul N. Hanson, Vice President - Finance, all of Communications Systems, Inc., +1-320-848-6231
TDS Senior VP and Controller D. Michael Jack to Retire
CHICAGO, June 21 /PRNewswire-FirstCall/ -- Telephone and Data Systems, Inc. announces that D. Michael Jack, senior vice president and controller, plans to retire on Aug. 15, 2007. The company is conducting a search for his replacement. Jack, who is 64, will continue to serve TDS as a consultant through Feb. 15, 2008.
"Mike is a talented leader with an exceptional work ethic," said Kenneth R. Meyers, TDS executive vice president and CFO. "He has made many important contributions during his tenure, including major process improvements in our accounting, reporting, and budgeting areas, as well as our strategy development. Mike's enthusiasm and team-oriented management style will be greatly missed."
Since joining TDS in late 1999, Jack has been responsible for corporate accounting, accounting policy, financial and management reporting, tax, strategic business planning and analysis, and financial control. He has also provided oversight to the human resources and administrative activities for TDS' corporate finance organization.
"Mike has been instrumental in the growth and success of TDS," said LeRoy T. Carlson, Jr., TDS president and CEO. "In addition to his excellent management and accounting skills, he has used his business acumen, financial expertise and industry knowledge to make significant contributions to our company's strategic planning efforts. His perspectives will be missed by me and the other leaders throughout the TDS group of companies."
Prior to TDS, Jack spent more than 25 years with Cummins Engine Company, Inc., where he held numerous controllership and other management positions in finance and non-financial areas. Most recently he held the position of executive director of Cummins Financial Services. Prior to Cummins, he worked for Ford Motor Company and General Motors.
Jack, a CPA and CMA, has been an active participant in CPA societies holding several positions on boards and task forces. He is a member of Financial Executives International (FEI), and previously was an alternate on the FEI Committee on Corporate Reporting. Jack participated in various advisory committees or colloquiums for FEI, Harvard University, and Canadian Institute of Management Accountants research projects. Additionally, he has authored several articles on managerial accounting and reporting, as well as a section of Dow Jones Controllers Handbook. Jack received an M.B.A. from Ball State and a B.S. from Indiana State University.
About TDS
TDS is a diversified telecommunications corporation founded in 1969. Through its business units, U.S. Cellular and TDS Telecom, TDS operates primarily by providing wireless, local telephone and broadband services. As of March 31, 2007, the company employed 11,600 people and served 7.2 million customers/units in 36 states.
For more information, please visit http://www.teldta.com/ or http://www.uscellular.com/.
Telephone and Data Systems, Inc.
CONTACT: Mark A. Steinkrauss, Vice President-Corporate Relations, +1-312-592-5384, mark.steinkrauss@teldta.com, or Julie D. Mathews, Manager, Investor Relations, +1-312-592-5341, julie.mathews@teldta.com, both of TDS
Web site: http://www.teldta.com/ http://www.uscellular.com/
Tellabs Issues Statement on Supreme Court Ruling in Tellabs v. Makor
NAPERVILLE, Ill., June 21 /PRNewswire-FirstCall/ -- The following statement on today's ruling in Tellabs v. Makor is attributed to James M. Sheehan, Tellabs general counsel:
"Tellabs applauds the Supreme Court decision. We are encouraged that the Supreme Court recognized that the Seventh Circuit's decision was incorrect. The Supreme Court has also appropriately established a strict standard to be applied in sending the case back for further review. We believe that Congress intended such a rigorous standard when it enacted the Private Securities Litigation Reform Act of 1995 (PSLRA).
"We are confident that the complaint brought by Millberg Weiss against Tellabs will ultimately be found to be without merit."
About Tellabs -- Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. Ranked among the BusinessWeek InfoTech 100, Tellabs is part of the NASDAQ-100 Index, NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index and the S&P 500. http://www.tellabs.com/
Forward-Looking Statements -- This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ from the results discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with: the competitive landscape, including pricing and margin pressures, the response of customers and competitors, industry consolidation, the introduction of new products, the entrance into new markets, the ability to secure necessary resources, and the economic changes generally impacting the telecommunications industry. The company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events. For a more detailed description of the risk factors, please refer to the company's SEC filings.
Tellabs(R) and Tellabs logo are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.
Tellabs
CONTACT: Media, George Stenitzer, +1-630-798-3800, george.stenitzer@tellabs.com, or Investors, Tom Scottino, +1-630-798-3602, tom.scottino@tellabs.com, both of Tellabs
Web site: http://www.tellabs.com/
Cablevision Extends Leadership Position in Delivery of High-Definition Programming With Addition of 15 VOOM HD NetworksSignificant Expansion To 40 High-Definition Programming Services Make Cablevision's iO(R) Digital Cable Product The Nation's Leading Source Of HD, Company Announces Capability To Carry More Than 500 HD Channels This Year
BETHPAGE, N.Y., June 21 /PRNewswire-FirstCall/ -- Cablevision Systems Corp. today announced that it will add 15 new high-definition channels from VOOM HD Networks, beginning June 26. The additions will bring Cablevision's iO digital cable customers a total of 40 HD programming services -- the most HD available anywhere in the nation, from any provider. The company also announced that by the end of this year it will have the capability to carry more than 500 channels of HD programming on its advanced fiber optic network.
In addition to the best HD picture and sound, iO customers receive HD channels without the fees and charges Cablevision's competitors require customers to pay for HD, and without the compression satellite providers use to deliver HD programming. Cablevision was the first provider in the nation to launch HD video on demand, and is still the only source of HD VOD within its service area. VOOM's 15 high-definition channels will become available to iO customers beginning next week and will be fully deployed across the company's entire service area by June 28. The channels will be located with Cablevision's other high-definition programming starting on channel 700.
"Satellite and phone company TV providers continue to talk about their plans for HD, but Cablevision is actually doing something about it, by delivering more high-definition programming to our customers than anyone else, including the most local sports in HD, without the extra fees our competitors charge for HD. In fact, iO is the only choice for New York-area fans who want to see all of the HD games of all nine area professional sports teams," said John Trierweiler, Cablevision's senior vice president of product management.
"The VOOM channels represent the pinnacle of high-definition and we are pleased to extend our leadership position in this important category through the introduction of these exciting services," Trierweiler continued. "While we carry the most HD channels today, by the end of the year Cablevision will have the capacity to launch more than 500 HD channels on its advanced fiber optic network."
VOOM HD Networks (http://www.voom.com/), offer television's largest and most diverse suite of high-definition channels. Fifteen commercial-free, wide-screen channels, all delivered in true 1080i HD and 5.1 Dolby(R) Digital surround sound, VOOM offers an extraordinary breadth of movies, sports, music and original programming.
The VOOM 15 includes:
HDNews - The only HD source for 24/7 news, sports and weather, HDNews
offers news headlines, sports highlights, in-depth features and national
weather reports supported by five news bureaus across the nation.
Equator HD - The first high-definition channel dedicated to exploring the
world's most intriguing people and amazing places with intelligent
programs about global adventure and green living.
Gallery HD - Stunning imagery and stories from the front line of the art
world. Gallery HD is the first and only HD channel that defines the
most talked-about artists of today and tomorrow.
Rush HD - Life on the edge with adrenaline junkies of adventure sports.
Rave HD - Live music as a whole new experience in crystal clear HD and
5.1 surround sound.
Ultra HD - The hottest fashion, the coolest styles and insight into the
"luxe" life from around the world. Ultra HD delivers coverage of the
fashion industry's hottest events, shopping, cuisine and interior
design.
Animania HD -- Eye-popping HD animation from the groundbreaking to the
classic.
Monsters HD -- The masters of movie horror in terrifying HD clarity.
Gameplay HD -- Enter the virtual worlds of video gaming for the first
time in HD.
Treasure HD -- A channel dedicated to pursuing stories about people and
their passions. Original, innovative, entertaining, it's a high-
definition look at what people treasure in life, from antiques to
adventures.
Worldsport HD -- Live sports coverage from premier arenas around the
globe.
Family Room HD -- Movies, series and specials suitable for the whole
family.
Film Fest HD -- A non-stop film festival for movie fans, remastered in
HD.
Kung Fu HD -- All martial arts action, all the time. From Bruce Lee to
Jet Li, all in HD.
World Cinema HD -- Award-winning and top-performing movies without
borders, featuring award-wining movies and stars from around the globe.
Cablevision customers have demonstrated a growing appetite for the best in HD content. The company has deployed more than 1 million high-definition set- top boxes to customers, and had 734,000 HD customers as of March 31 -- an 85 percent increase in HD customers over the previous year. The company's current HD line-up includes a diverse mix of local broadcast stations, premium movie channels, established cable networks and an unbeatable array of sports programming, featuring more local sports in HD than any other provider.
iO customers today enjoy access to the following services in high- definition: CBS HD, NBC HD, FOX HD, ABC HD, My9 HD, CW 11 HD, Thirteen HD (PBS), MSG HD, FSN NY HD, YES HD, SportsNet New York HD, ESPN HD, VERSUS HD, The Golf Channel HD, National Geographic Channel HD, Discovery HD Theatre, TNT HD, Universal HD, MOJO, Starz HD, HBO HD, Showtime HD, Cinemax HD, The Movie Channel HD, and high definition video on demand (VOD).
For iO customers with high-definition television sets, Cablevision offers HD-capable converter boxes at no additional cost over the standard box rental fee, unlike competitors who assess additional equipment and/or service charges in order to see HD programming. In addition, high-definition feeds of premium movie networks are available to all customers who subscribe to the standard- definition version of the networks. High-definition video on demand movie titles are available anytime for $4.95 each, which includes full control over the viewing experience with the ability to pause, fast-forward and rewind.
About Cablevision
Cablevision Systems Corporation is one of the nation's leading entertainment and telecommunications companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO: Interactive Optimum(R) digital television, Optimum Online high-speed Internet, Optimum Voice digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision's Rainbow Media Holdings LLC operates several successful programming businesses, including AMC, IFC, WE tv and other national and regional networks. In addition to its telecommunications and programming businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, and owns and operates Clearview Cinemas.
Cablevision Systems Corporation
CONTACT: Jim Maiella of Cablevision Systems Corporation, +1-516-803-3947
Web site: http://www.cablevision.com/ http://www.voom.com/
Comedy Central(R) Enters Presidential Race With the Launch of Indecision2008.comWeb Site To Aggregate Video Content Daily From 'The Daily Show With Jon Stewart,' 'The Colbert Report,' 'Lil' Bush,' Stand-Up And Much MoreIndecision2008.com Reveals The Absurdity Of The Actual NewsTo Log-On Go To www.Indecision2008.com
NEW YORK, June 21 /PRNewswire/ -- The road to the White House just got a lot more congested! comedycentral.com, the Emmy(R)-nominated and Webby(R) Award-winning Web site, announced today the launch of COMEDY CENTRAL's first stand alone political humor Web site Indecision2008.com. The launch of this new site firmly cements COMEDY CENTRAL as a player in the 2008 presidential race and marks the network's 16th year covering political elections.
"The presidential election has long been a source of comedic inspiration for our shows and our network," said Erik Flannigan, executive vice president, digital media, COMEDY CENTRAL. "With Indecision2008.com, COMEDY CENTRAL is augmenting the best of our on-air coverage with programming exclusively created for the Web audience which is cordially invited to participate and join in the fun."
Indecision2008.com revels in the absurdity of campaign news on a daily basis. Every day, users can watch and discuss new video clips relevant to the 2008 race from the "The Daily Show With Jon Stewart," "The Colbert Report," "Lil' Bush," COMEDY CENTRAL stand-up specials and more. For up-to-the-minute coverage of election happenings, the site's own blogger, "The InDecider," will stir the pot and scour the Web for the most absurd campaign tidbits, ripe for user commentary and contributions.
The Indecision2008.com homepage will also offer a variety of au courant widgets that provide at-a-glance campaign factoids (Number of Google Hits for Candidate Name + 'Polygamy': Mitt Romney = 144,600; Dennis Kucinich = 33,500), interactive polls and handy "Marching Orders" for conservatives and liberals alike (i.e. Today's Conservative Talking Point: Jack Bauer is truly the greatest living American.
Today's Liberal Agenda: Just to switch things up, try blaming America second today.) Many of these widgets can be taken and embedded on users own blogs and profile pages.
Users looking to wear their InDecisiveness proudly as they roam the Web, Indecision2008.com will offer "More Pork" -- a section on the site featuring downloads such as IM icons and wallpaper.
Upcoming Indecision2008.com features will include an expanded offering of widgets, a public forum to discuss all things political, online fantasy gaming and UGC video contributions in the spirit of the election.
COMEDY CENTRAL, the only all-comedy network, currently is seen in more than 91 million homes nationwide. COMEDY CENTRAL is owned by, and is a registered trademark of, Comedy Partners, a wholly-owned division of VIACOM Inc.'s MTV Networks. COMEDY CENTRAL's Internet address is http://www.comedycentral.com/. For up-to-the-minute and archival press information and photographs visit Press Central, COMEDY CENTRAL's press-only Web site at http://www.comedycentral.com/press.
COMEDY CENTRAL
CONTACT: Aileen Budow, of COMEDY CENTRAL, +1-212-767-3952, aileen.budow@comedycentral.com
Web site: http://www.comedycentral.com/ http://www.indecision2008.com/
As Summer Begins, Verizon Wireless' Network Is Ready for Blackouts and Other Summer Emergencies
BASKING RIDGE, N.J., June 21 /PRNewswire/ -- With the possibility of another summer of record-breaking electricity use, Verizon Wireless, the leading wireless company with the nation's most reliable wireless voice and data network, is prepared to keep its wireless network up and running during power outages that can result from summer storms and increased electricity usage due to high temperatures and humidity.
"Verizon Wireless is committed to providing reliable wireless communication for our customers during the dog days of summer and any type of summer weather emergency," said Dick Lynch, executive vice president and chief technical officer for Verizon Wireless. "Our year-round focus on improving and maintaining our network ensures that we are prepared to operate when our customers are most in need."
The Verizon Wireless network is built for reliability in emergencies -- such as power blackouts and extreme weather conditions -- with redundancy capabilities in place to maintain services for customers when they need it most.
-- All facilities have battery back-up power and for additional
reliability, generators installed at all switching facilities, and many
cell site locations.
-- The company also owns a fleet of portable generators that can be
deployed to provide emergency power during extended power outages to
those cell sites without permanent generators.
-- Verizon Wireless also operates "Cell on Wheels" (COW), which are fully
functional, generator-powered mobile cell sites that enhance coverage
and capacity in a given area. A COW can accommodate both voice and CDMA
data services.
In addition, Verizon Communications' national wireline network of central office switching systems has back-up power in the form of batteries and back-up generators that automatically keep the switch running when commercial electrical power is lost. Verizon monitors traffic on the network around the clock, and can quickly manage calling and data traffic around problem areas. Much of Verizon's national inter-city network contains redundant and diverse routing so that customers can still make calls if one part of the network is damaged.
For tips on preparing an emergency wireless and home telecommunications plan, visit http://news.vzw.com/news/2007/05/pr2007-05-31a.html. For more information about Verizon Wireless, visit http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving more than 60.7 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 66,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Tom Pica, Verizon Wireless, +1-908-559-7516, Thomas.Pica@verizonwireless.com
Web site: http://www.verizonwireless.com/ http://news.vzw.com/news/2007/05/pr2007-05-31a.html
Comcast Commits $55 Million in Multiplatform Exposure With the Partnership for a Drug-Free America(R)Nation's Leading Cable Company Joins New Effort to Support & Educate Parents
NEW YORK, June 21 /PRNewswire-USNewswire/ -- With an unprecedented commitment of $55 million, Comcast and the Partnership for a Drug-Free America today announced a new three year initiative to create a resource for parents to help their children live healthy, drug-free lives. The joint initiative will leverage a mix of Comcast's assets, including cross-channel advertising, the company's signature ON DEMAND service and its leading broadband Internet portal, http://www.comcast.net/, to build much needed tools and support services for parents.
"Our ongoing collaboration with Comcast sets the stage for a new era in transforming the lives of families by equipping parents with the tools and support they have been asking for to tackle the health issues facing their kids, particularly around drugs and alcohol," said Steve Pasierb, president and CEO of the Partnership.
As part of the commitment, the Partnership and Comcast will be launching a series of parent-focused initiatives over the course of the year that will employ a number of innovative new programs, promoting awareness and education about drug and alcohol abuse and how to achieve healthy, drug-free living for their children. The first of those initiatives will be the Time to Talk(R) cause marketing platform public service announcements, which are due to begin airing in July.
"We are pleased to continue our collaboration with the Partnership for a Drug-Free America and look forward to providing a variety of new Comcast technologies to help engage parents in a dialogue with their children," said Steve Burke, chief operating officer of Comcast Corporation. "Comcast's 90,000 employees are committed to helping the Partnership for a Drug-Free America make a difference in our communities."
In 2003, Comcast announced a $50 million cross-channel advertising commitment with the Partnership for a Drug-Free America that was the largest single upfront commitment of advertising from a major media company to the Partnership in the organization's history.
As parents navigate the issue of substance abuse and their children, they are often at a loss for practical tools and resources and the ability to connect with other parents and experts on how best to approach the subject. They are the point of greatest leverage in preventing and stopping alcohol and drug abuse during their kids' teen years, when the vast majority of experimentation begins, as research conducted by the Partnership reports that kids who learn about the risks of drugs from their parents are up to 50 percent less likely to use drugs. However, only 31 percent of teens report that their parents talk with them about drugs.
"One of the key advantages of our relationship with Comcast will be the ability to reach parents in their homes and direct them to a permanent resource with practical tools and support services," Pasierb said. "As today's parents are faced with a constantly changing drug landscape that includes teen abuse of prescription and over-the-counter medications, inhalants and the spread of methamphetamine through many regions of the country, we are poised to be a valuable partner as they strive to raise healthy, drug-free children."
About Comcast
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of cable, entertainment and communications products and services. With 24.2 million cable customers, 12.1 million high-speed Internet customers, and 3.0 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout, TV One, four regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
About the Partnership for a Drug-Free America
The Partnership for a Drug-Free America is a nonprofit coalition of communications professionals, leading scientists and parents. Best known for its national drug-education campaign, the Partnership's mission is to reduce illicit drug use in America. The Partnership's nationwide network of alliance and affiliate partners bring the campaign to life at the community level. In its 20th year, the Partnership is evolving to enable all parents and caregivers to effectively address the issue of drug and alcohol abuse with their children to help them lead healthy drug-free lives. A major new initiative is now unfolding that integrates the latest science and research with the most effective communication techniques to give parents the tools, resources and support they need. This effort will include a web-based information center, parent-to-parent support network, 800# call center and user-friendly online/offline tools. We thank SAG, AFTRA and their member actors for their ongoing generosity.
Comcast
CONTACT: Paul Costiglio of the Partnership for a Drug-Free America, +1-212-973-3530; Jenni Moyer of Comcast, +1-215-851-3311
Web site: http://www.comcast.com/ http://www.comcast.net/ http://www.drugfree.org/
Mellon Working Capital Solutions Offers Free New, On-Demand Cyberconferences
PITTSBURGH, June 21 /PRNewswire-FirstCall/ -- Mellon Working Capital Solutions (WCS) is offering a new, on-demand cyberconference series designed to put participants in touch with the latest technologies and industry best practices to help them improve their business processes. Registration, which is free, can be done online at http://www.mellon.com/insight07 or by calling 1 800 424-3004.
Mellon WCS' payments and investment experts are currently offering the following treasury briefings:
-- "Advanced Technology for B2B Payments" - with Alan Evanish, Mellon WCS
vice president and senior receivables product manager, who will explain
how technology can help companies efficiently collect business-to-
business remittances amidst unprecedented changes in the payments
environment.
-- "Global Treasury Management: Tools to Centralize, Control &
Consolidate" - with Stefanie Kiley, Mellon WCS assistant vice president
and international product manager, who will discuss tools to
centralize, control and consolidate working capital banking solutions
for companies with multiple banking relationships. Topics include how
to gain visibility into worldwide account balances; ways to improve
efficiency and control associated with convenience payments to foreign
vendors; and methods for streamlining / simplifying bank communications
via the SWIFT network.
-- "Returns, Efficiency, Controls - Supercharge Treasury Investing with
Portal Technology" - with Kirk Black, Mellon WCS vice president and
senior investments product manager, who will describe how portal
technology is streamlining the investment process for self-directed
investors and compare and contrast marketplace offerings to help
listeners understand how to identify the best options.
Designed to facilitate interaction with participants, the cyberconferences offer viewers the opportunity to e-mail questions to presenters and includes a feedback form that enables viewers to provide their opinions about session content and value.
Mellon Working Capital Solutions, a payments industry leader synonymous with quality performance and known for its innovation and expertise, designs comprehensive solutions through its broad line of cash management services to meet the specialized treasury needs of corporations, nonprofit organizations and financial institutions. Independently-administered customer satisfaction surveys consistently reveal that Mellon WCS continues to distinguish itself from its competition in the areas of operating quality, commitment to cash management and customer service. In addition, Mellon WCS was awarded A rankings for both products and bank perceptions in the 2006 Phoenix-Hecht(R) Quality Index(TM). Mellon WCS also is the only electronic payments services provider in the U.S. to successfully complete both a Level 3 Capability Maturity Model(R) (CMM(R)) assessment for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon WCS is available at http://www.mellon.com/wcs.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing, issuer services and treasury services. Mellon has approximately $5.8 trillion in assets under management, administration or custody, including $1.034 trillion under management. News and other information about Mellon is available at http://www.mellon.com/.
Mellon Financial Corporation
CONTACT: Ron Gruendl, 412-234-7157, gruendl.rr@mellon.com
Web site: http://www.mellon.com/
BullMarket.com Updates Outlook on Canadian Energy Trusts
PRINCETON, N.J., June 21 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com/), an online investment newsletter focused on long- term growth and income-generating stocks, announced today that it has provided subscribers with an updated outlook on Canadian energy income trusts, including Enterra Energy Trust , PennWest Energy Trust , Canetic Resources Trust , and Pengrowth Energy Trust .
All paid and trial subscribers to BullMarket.com can now receive immediate access to the newsletter's exclusive daily reports. As a subscriber, you'll also gain access to our latest investment moves. Start your 14-day free trial today:
https://www.bullmarket.com/subscribe/index.php?refer=BMR254P
In its report, BullMarket.com wrote: "After foundering for much of the year due to uncertainty over the trust tax plan, companies in the sector have returned to the radar of investors. It's important to keep in mind that the plan put forth by the finance minister would not take effect until 2011 unless the trusts grow too much, in which case the plan as proposed would kick in for the affected trust sooner. Another positive is that the larger energy trusts by definition are sitting on substantial oil and gas assets that will continue to produce income for investors for the next few years."
BullMarket.com looked at the following topics, among others:
-- How has the uncertainty over the new tax laws in Canada affected
raising money for the energy trusts?
-- How has the proposed new tax law spurred M&A activity?
-- What has prompted PennWest's recent climb in share price?
-- Is now a good time to buy Canadian income trusts?
About BullMarket.com:
Launched in 1997, BullMarket.com has a strong track record of creating wealth for its subscribers by providing sound, long-term investing advice. The BullMarket.com Recommended List includes about 50 companies across all major industries, including Financials, Healthcare, Energy, Technology, and Retail, among others. BullMarket.com is one of the oldest continuously published investment newsletters online, and its Recommended List has consistently outperformed the major market indices.
NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin of Indie Research Advisors, LLC, +1-888-278-5515
Web site: http://www.bullmarket.com/
Harris Corporation Names Sheldon J. Fox President of its DoD Programs Business Unit
MELBOURNE, Fla., June 21 /PRNewswire-FirstCall/ -- Harris Corporation , an international communications and information technology company, has named Sheldon J. Fox president of its Department of Defense (DoD) Programs business unit, reporting to Daniel R. Pearson, group president of Defense Communications and Electronics.
The Department of Defense Programs business unit provides communications systems, networks, and products for military aerospace, terrestrial and maritime applications.
Fox joined Harris in 1984, and has held a number of senior leadership positions in both program management and business development. Prior to assuming his current position, Fox was vice president of programs for Harris Government Communications Systems' DoD business area, providing information processing and communications solutions for military services and prime contractors.
"In his 23 years with Harris, Sheldon has played key roles in successfully achieving the company's financial and business objectives," said Pearson. "His strategic vision, strong business acumen, industry knowledge, multifunctional experience and ability to effectively lead others are great assets to the company."
Fox is a member of the Aerospace Industries Association, Air Force Association, the Armed Forces Communications and Electronics Association, the Association of Old Crows, the Association of the U.S. Army, the Navy League, the National Defense Industrial Association, and the United States Space Foundation. He holds BSEE and MSEE degrees from Georgia Tech and an MBA degree from the University of North Carolina.
A high resolution photo of Sheldon Fox is available at http://www.harris.com/images/pressRelease/04-FOX_SJ03-01DD.jpg.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of over $4 billion and more than 15,000 employees - including more than 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(TM) products, systems, and services for global markets, including government communications, RF communications, broadcast communications, and wireless transmission network solutions. Additional information about Harris Corporation is available at http://www.harris.com/.
Harris Corporation
CONTACT: Sleighton Meyer, Government Communications Systems Division, +1-321-727-6514, sleighton.meyer@harris.com, or Jim Burke, Harris Corporate Headquarters, +1-321-727-9131, jim.burke@harris.com, both of Harris Corporation
Web site: http://www.harris.com/
CSI's Annual Shareholder Meeting to Air Live
PADUCAH, Ky., June 21 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (OTC Pink Sheets: CSVI) will broadcast its annual shareholder meeting live over the Internet at 9 a.m. CDT, June 27, 2007.
The live webcast and archived replay can be accessed at http://www.csiweb.com/. Those wishing to listen to the meeting live are asked to log on ten minutes before the 9 a.m. CDT starting time.
CSI posted record revenues for fiscal 2007: $124.5 million compared with $105 million in fiscal 2006. Net income for fiscal 2007 also set a record - $15.6 million, or $1.89 per diluted share, compared with fiscal 2006 income of $14.1 million, or $1.70 per share.
"CSI's record results benefited from the contribution of McCoy Myers, continued demand for ATTUS Technology's compliance solutions, and growth in our core business," stated President and Chief Executive Officer Steven A. Powless. "The majority ownership of Heartland Communications Internet Services, effective August 1, 2006, and the acquisition of Summit Financial Solutions, effective January 16, 2007, also added to our revenue base compared with the prior year. Our strategy of diversifying our revenue base over the past few years has been a major contributor to our growth."
CSI's 2007 annual report is available under Investor Relations on CSI's Web site.
About Computer Services, Inc.
Computer Services, Inc. (CSI), provides service and software solutions for banks in both a service bureau and an in-house environment. In addition to core processing, our integrated banking solutions include imaging, cash management, Internet banking, corporate intranets, secure Web hosting, e- messaging, teller and platform services, ATM and debit card service and support, payments solutions, risk assessment, network management, and compliance software and services for regulatory compliance, homeland security and fraud prevention. Over 3,000 financial institutions are served with CSI's products and services. For more information, visit CSI's Web site at http://www.csiweb.com/.
All statements except historical statements contained herein constitute "forward-looking statements." These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside of CSI's control, which may cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, economic, competitive, technological and governmental factors affecting the Company's operations, markets, services, products, prices and other factors. Computer Services, Inc. is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.
Computer Services, Inc.
CONTACT: David Simon, Treasurer & CFO of Computer Services, Inc., +1-800-545-4274, ext. 10126, dsimon@csiweb.com
Web Site: http://www.csiweb.com/
ViPS and MHQP Announce Physician Performance Measurement Pilot ProjectInitiative is Part of CMS' Program to Improve Quality Care
ELMWOOD PARK, N.J., June 21 /PRNewswire-FirstCall/ -- HLTH Corporation's ViPS subsidiary today announced that the Company will be working with Massachusetts Health Quality Partners (MHQP) on a pilot project that will allow MHQP to evaluate physician performance based on specified quality measures by aggregating commercial, Medicare, and potentially Medicaid claims data and analyzing that data using ViPS' proprietary performance measurement software.
This effort is part of the Centers for Medicare and Medicaid Services (CMS) project known as Better Quality Information to Improve Care for Medicare Beneficiaries (BQI). CMS is implementing this pilot project through six regional collaboratives, including MHQP. MHQP is partnering with ViPS as part of the multi-phase project, which is expected to be completed in 2008. The project is part of the Department of Health and Human Services Secretary Mike Leavitt's Value-driven Health Care Initiative. "The measurement results from these collaboratives will ultimately provide information to Medicare beneficiaries about the quality of care physicians treating Medicare beneficiaries provide in the collaboratives' states", said CMS Acting Administrator Leslie V. Norwalk, Esq.
"The goal is to provide reliable and consistent measures of quality care that will help create value-driven, transparent healthcare in the United States," according to Barbra Rabson, Executive Director of MHQP. "We are pleased to be partnering with ViPS and believe that their expertise in integrating and analyzing information and data from disparate sources will enable us to successfully compare and evaluate physician performance."
Working with MHQP, ViPS will gather data from MHQP's member health plans, including both CMS-managed plans and private insurers. This data will represent approximately five million lives. The data will be aggregated into a claims data warehouse, which will allow evaluation of data using ViPS' software and quality measures adopted by the Ambulatory Quality Care Association (AQA) as well as endorsed by the National Committee for Quality Assurance (NCQA).
"The MHQP collaborative is a vitally important initiative, and it is a significant distinction for ViPS to be part of the MHQP effort," says ViPS President Arthur L. Lehrer. "The analysis resulting from this work will provide a more comprehensive picture of the clinical quality of care being delivered by Massachusetts physicians. This information, which will enable Medicare and Medicaid beneficiaries as well as the privately insured to make more informed choices about their own care, will also fuel continuous improvement among physicians in the care they deliver to patients."
About MHQP
MHQP is a non-profit collaborative that provides reliable information to help physicians improve the quality of care they provide their patients and helps consumers take an active role in making informed decisions about their health care. MHQP was established in 1995 as a broad-based coalition of physicians, hospitals, health plans, consumers, purchasers and government agencies working together to promote improvement in the quality of health care services in Massachusetts. For more information about MHQP and its initiatives, please visit http://www.mhqp.org/.
About HLTH Corporation
HLTH Corporation's businesses are comprised of WebMD Health Corp. , ViPS and Porex. WebMD provides health information services for consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications. ViPS provides healthcare data management, analytics, decision- support and process automation solutions and related information technology services to governmental, Blue Cross Blue Shield and commercial healthcare payers. ViPS' solutions and services help its clients improve patient outcomes, increase customer satisfaction and reduce costs. Porex is a developer, manufacturer and distributor of proprietary porous plastic products and components used in healthcare, industrial and consumer applications. In addition, HLTH owns a 48% minority interest in Emdeon Business Services, which provides solutions that automate the revenue and payment cycle for healthcare payers and providers.
HLTH Corporation
CONTACT: Media, Jennifer Newman, +1-212-624-3912, jnewman@hlth.com, or Investors, Risa Fisher, +1-201-414-2002, isher@hlth.com, both of HLTH Corporation; or Barbara Lambiaso of MHQP, +1-617-402-5023, lambiaso@mhqp.org
Web site: http://www.webmd.com/ http://www.mhqp.org/
Lexmark, Ipsos research: wireless world not all work
LEXINGTON, Ky., June 21 /PRNewswire-FirstCall/ -- Home computer users predict that wireless networks will have the biggest impact on productivity in the next five years, but say they also put the technology to work to help them have fun.
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That's according to the results of an international survey commissioned by Lexmark International, Inc. and conducted by global pollster Ipsos. The online survey of panelists comprised 9,000 tech-savvy home computer users in 18 countries.
Ninety percent of respondents said they believe wireless networks will be important to everyday life in their homes over the next five years. Forty percent of respondents said they have already installed wireless networks in their homes and said they use their wireless networks to connect numerous devices and to support a broad range of activities, including 47 percent who said their wireless networks enable them to carry out work-related activities at home.
About a third of the respondents with wireless networks at home said they use them for fun too. Globally, 36 percent said they use their wireless networks to stream music or video and 29 percent said they use the networks for gaming with others.
Who's having the most fun? Here's how the country-specific responses stacked up according to the percentage of respondents using their wireless networks for streaming music or video:
-- South Africa, 62 percent(1)
-- Mexico, 58 percent(1)
-- Brazil, 56 percent(1)
-- Italy, 46 percent
-- Spain, 45 percent
-- Poland, 45 percent
-- Netherlands, 40 percent
-- Canada, 38 percent
-- France, 34 percent
-- U.K., 32 percent
-- Australia, 32 percent
-- United States, 30 percent
-- Japan, 29 percent
-- Belgium, 26 percent
-- Austria, 25 percent
-- Denmark, 22 percent
-- Switzerland, 20 percent
-- Germany, 18 percent
Here's how the country-specific responses stacked up according to the percentage of respondents using their wireless networks for gaming with others:
-- Brazil, 56 percent(1)
-- Mexico, 45 percent(1)
-- Japan, 42 percent
-- Spain, 42 percent
-- South Africa, 37 percent(1)
-- Italy, 36 percent
-- Poland, 35 percent
-- Canada, 34 percent
-- United States, 30 percent
-- France, 25 percent
-- Belgium, 22 percent
-- Netherlands, 22 percent
-- Australia, 21 percent
-- Austria, 21 percent
-- Denmark, 20 percent
-- U.K., 18 percent
-- Germany, 16 percent
-- Switzerland, 15 percent
"Whether you are at work or at play, winning the productivity game with wireless requires that you be able to print wirelessly too and that you can do so easily and affordably. That's where Lexmark comes in," said Najib Bahous, Lexmark vice president and president of its Consumer Printer Division.
Until now, consumers have been slow to embrace wireless printing because of the high price of the wireless printers in the market and the complexity involved in their installation and use.
With the introduction of its 2007 inkjet product line, Lexmark will offer the broadest, most affordable range of wireless printers in the market. Pricing starts at $79.99(2).
Wireless printing enables users to print with the same freedom and mobility they enjoy when working on a wireless laptop computer. Users can place the printer anywhere in the home covered by their wireless networks. In addition, multiple computer users can enjoy the added convenience of sharing the same wireless printer, eliminating the need for multiple devices.
Methodology
Ipsos conducted the online survey of its panelists Feb. 16-24, 2007. The survey included 500 respondents in each of 18 countries for a total of 9,000 respondents. Panelists in Mexico, South Africa and Brazil were from the countries' main cities. Respondents were demographically aligned to match the demographics of home computer owners in each of the countries. Each country was given an equal weight in worldwide results. The survey has a 95 percent confidence level +/- 5 percent.
About Lexmark
Lexmark International, Inc. provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2006, Lexmark reported $5.1 billion in revenue. Learn how Lexmark can help you get more done at http://www.lexmark.com/.
Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
(1) Panelists in Mexico, South Africa and Brazil are from the countries' main cities.
(2) All prices are estimated street prices in U.S. dollars -- actual prices may vary.
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Lexmark International, Inc.
CONTACT: Shannon Lyman of Lexmark International, Inc., +1-859-232-5532, slyman@lexmark.com
Web site: http://www.lexmark.com/
Atmel Schedules First Quarter 2007 Earnings Release Conference Call and News Release
SAN JOSE, Calif., June 21 /PRNewswire-FirstCall/ -- Atmel(R) Corporation will hold a conference call Wednesday, June 27, 2007 at 2 p.m. PT to discuss the Company's first quarter 2007 full financial results. Participating in the call will be Steven Laub, Atmel President and CEO and Robert Avery, VP Finance and CFO. The news release will be available after the close of market that day.
The conference call will be webcast live and can also be monitored by dialing 1-800-374-0405 or 1-706-634-5185. The conference ID number is 4934645 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 2 p.m. PT start time to ensure a timely connection. The webcast can be accessed at http://www.atmel.com/ir/ and will be archived for 12 months.
A replay of the June 27, 2007 conference call will be available the same day at approximately 5:00 p.m. PT and will run for 48 hours. The replay access numbers are 1-800-642-1687 within the U.S. and 1-706-645-9291 for all other locations. The access code is 4934645.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel provides the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
Contact: Robert Pursel, Director of Investor Relations, 408-487-2677
Atmel Corporation
CONTACT: Robert Pursel, Director of Investor Relations of Atmel Corporation, +1-408-487-2677
Web site: http://www.atmel.com/
MagnaChip Applies CUP Technology to its Foundry Business, Reducing Chip Size
SEOUL, South Korea, June 21 /PRNewswire/ -- MagnaChip Semiconductor Ltd., a leading global designer, developer and manufacturer of image sensor solutions, mixed-signal and digital multimedia semiconductors, today announced that it successfully applied circuit-under-pad (CUP) technology to its foundry business processes, to further reduce semiconductor chip sizes. MagnaChip applied the technology to its 0.18/0.16 um process and was able to reduce chip size by placing the I/O circuit on the unused area under the pad.
The I/O devices send and receive signals, voltage and electric currents on the inside and outside of a semiconductor chip. They are divided into a circuit and a pad. MagnaChip overcame a technological challenge when it succeeded in reducing the I/O size by more than 30%, placing the circuit under the pad.
Mr. Channy Lee, EVP and General Manager of MagnaChip's Specialty Manufacturing Service (SMS) business said, "Fabless companies using MagnaChip's foundry service can directly benefit from smaller-size chips, leading to cost reduction in their organizations. We remain focused on leveraging our technology leadership in support of our customers worldwide and plan to extend application of the circuit-under-pad technology to our other processes."
About MagnaChip Semiconductor
MagnaChip Semiconductor is a leading designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors addressing the convergence of consumer electronics and communications devices. We focus on CMOS image sensors and flat panel display drivers, which are complex, high performance, mixed signal semiconductors that capture images and enable and enhance the features and capabilities of both small and large flat panel displays. MagnaChip also provides wafer foundry services utilizing CMOS high voltage, embedded memory, analog and power process technologies for the manufacture of IC's for customer-owned designs. MagnaChip has world-class manufacturing capabilities and an extensive portfolio of approximately 8,500 registered and pending patents. As a result, MagnaChip is a valued partner in providing leading technology solutions to its customers worldwide. For more information, visit http://www.magnachip.com/.
CONTACTS:
In Korea:
Youngjae Chang, PR Manager
Tel: 82-2-3459-5884
youngjae.chang@magnachip.com
In the U.S.:
David Pasquale, EVP at The Ruth Group
Tel: +646-536-7006
dpasquale@theruthgroup.com
MagnaChip Semiconductor Ltd.
CONTACT: In Korea, Youngjae Chang, PR Manager, 82-2-3459-5884, youngjae.chang@magnachip.com; In the U.S., David Pasquale, EVP at The Ruth Group, +646-536-7006, dpasquale@theruthgroup.com, for MagnaChip Semiconductor Ltd.
Web site: http://www.magnachip.com/
Oracle and i-flex solutions Announce Certification of i-flex's FLEXCUBE With Oracle(R) Access ManagerEnables FLEXCUBE to Deliver Single Sign-On Capabilities to Financial Services Institutions Worldwide to Further Safeguard Systems and Sensitive Data
NEW YORK, June 21 /PRNewswire-FirstCall/ -- . Oracle and i-flex(R) solutions today announced that the latest release of i-flex's FLEXCUBE(R) is now certified with Oracle(R) Access Manager, a key component of Oracle Identity Management and Oracle Fusion Middleware. Financial services institutions deploying FLEXCUBE, the world's number one selling universal banking solution for five consecutive years*, are now able to leverage Oracle's leading identity management capabilities in Oracle Access Manager to protect and secure access to the FLEXCUBE application.
FLEXCUBE's support of the web-based Oracle Access Manager allows organizations to utilize industry leading single sign-on capabilities with their enterprise-wide applications while simplifying administration and enhancing productivity. A component of Oracle's comprehensive identity and access management offerings, Oracle Access Manager enables users to log into any application or system once and gain secure access to a broad range of IT resources. Built on a standards-based architecture, Oracle Access Manager provides organizations with the software to centrally authenticate, authorize and audit access across Oracle and non-Oracle applications.
"Oracle Fusion Middleware components offer enormous benefits to the financial services industry. Oracle Identity Management reduces complexity and enhances customer satisfaction in a multi-application environment," said Joseph John, executive vice president, Banking Products, i-flex solutions.
"FLEXCUBE's certification with Oracle Access Manager builds on Oracle Fusion Middleware's comprehensive support of i-flex's portfolio of solutions," said Hasan Rizvi, vice president, Identity and Security Products, Oracle. "It is now easier for financial services companies to secure critical information and improve their ability to meet compliance requirements."
Oracle Access Manager helps organizations improve security, increase efficiencies and streamline regulatory compliance. Through a standards-based, integrated architecture, the product combines identity management and access control services to provide centralized authentication, policy-based authorizations and auditing with rich delegated identity administration and workflows. Protecting resources at the point of access and delegating authentication and authorization decisions to a central authority, Oracle Access Manager helps secure Web, Java EE and enterprise applications while reducing costs, complexity and administrative burdens.
About Oracle Identity Management
Serving as the security backbone for Oracle Fusion Middleware, Oracle Identity Management helps customers and partners decrease security threats across diverse IT environments while helping address governance, risk and compliance needs. Oracle Identity Management's support of industry standards such as WS*, XACML, SAML and SPML help enable customers and partners to more easily integrate applications with the framework. The family of best-in-class software, which can be used in its entirety or as individual components, includes Oracle Identity Manager, Oracle Access Manager, Oracle Virtual Directory, Oracle Internet Directory, Oracle Enterprise Single Sign-On Suite, Oracle Identity Federation and Oracle Web Services Manager. To learn more, visit http://www.oracle.com/identity.
About i-flex solutions
i-flex(R) solutions (Reuters: IFLX.BO and IFLX.NS), majority owned by Oracle, is a world leader in providing IT solutions to the financial services industry, with more than 750 customers in over 125 countries. Its range of applications software, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.
Together, Oracle and i-flex solutions offer financial services institutions the world's most comprehensive banking applications and technology footprint, alongside the expertise, to address the most complex IT or business requirements. Financial services institutions will be the main beneficiary of this offering and will now enjoy best-in-class solutions that are better synergized.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
* Source - IBS Publishing, Annual Sales League tables.
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Oracle
CONTACT: Caroline Yu of Oracle, +1-650-506-8920, caroline.yu@oracle.com; or Sunil Robert of i-flex solutions, +1-646-619-5339, sunil.robert@iflexsolutions.com
Web site: http://www.oracle.com/
EDS Web Site Tops Customer Respect Ranking for Fourth Year
PLANO, Texas, June 21 /PRNewswire/ -- EDS today announced that eds.com has achieved the highest ranking for online customer service among high-technology and computer firms in the Customer Respect Group's second quarter 2007 "Online Customer Respect Study." This marks the fourth-consecutive year that the technology services leader earned the top spot in the study.
Customer Respect Group is an international research and consulting firm that focuses on how corporations treat their online customers.
The report measured corporate performance from an online customer's perspective and assigned a Customer Respect Index for each company reviewed. The Customer Respect Index is a qualitative and quantitative in-depth analysis and independent measure of a customer's experience when interacting via the Internet.
"As a technology services leader, EDS helps clients harness the power of the Internet to help drive their productivity and growth," said Maureen McCaffrey, EDS vice president, Global Marketing. "Clearly, our clients expect our own Web site to be cutting-edge in online communication. Being recognized once again by the Customer Respect Study shows EDS is adept at meeting our customers' expectations regarding online experiences, and we continually look for new and innovative ways to improve."
Criteria used to measure customer respect included responsiveness in returning customer e-mails, privacy practices, and transparency and clarity of policies and practices. EDS received an excellent rating in all categories based on its proven success in each one.
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
CONTACT:
Annabelle Baxter - EDS
972 605 0978
annabelle.baxter@eds.com
Electronic Data Systems Corporation
CONTACT: Annabelle Baxter of EDS, +1-972-605-0978, annabelle.baxter@eds.com
Web site: http://www.eds.com/
Microsoft Family Business Survey Reveals Conflict in Family-Owned BusinessesGen X-ers have passion for technology, but boomers still control the purse strings.
REDMOND, Wash., June 21 /PRNewswire-FirstCall/ -- Technology is critical to the current and future success of small family businesses, especially for those with higher revenues and younger owners. However, six in 10 business owners with multiple generations working in the business say there have been disagreements between older and younger generations about how to invest in technology.
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Those findings and much more about small businesses and the use of technology were uncovered by Microsoft Corp. in a telephone survey of 252 small-business owners recently conducted on behalf of the company by KRC Research.
One question asked was whether respondents agreed with the following ways technology helps small family businesses:
-- Increase the efficiency of our operations (79 percent agreed)
-- Grow the business (74 percent agreed)
-- Provide better customer service (74 percent agreed)
-- Improve the quality of our image or product (70 percent agreed)
-- Stay competitive with bigger businesses (68 percent agreed)
-- Gain an advantage over our competition (68 percent agreed)
"Sure, we've had disagreements over investing in technology upgrades, and to tell the truth, I'm not exactly thrilled about spending money for the latest and greatest technology if it isn't going to directly impact the bottom line," said Adam Williams, owner of ROI Marketing Services, a consulting firm in Memphis, Tenn. "The challenge to my son, who always thinks we need the latest gadget, is to prove to me that the investment in technology will help the business grow. If there is a positive return on our investment, I'll listen."
Sanford Story, owner of A&E Automotive in Goleta, Calif., knows that he has to keep pace with automotive industry technology or he will be left behind by competitors. "I'm not really that interested in technology, and I'm cautious to invest in upgrades. But I know that I really don't have much of a choice if I want to keep up with the competition," he said. "My lead technician has been a big proponent of technology because of the advances in the automotive industry. He says if we don't stay current with the rest of the industry, we'll fall behind."
Eddie Yandle, a senior director of the Worldwide Small and Midmarket Solutions and Partner group at Microsoft, agrees that technology has been a greater responsibility and passion for the younger generation in small family businesses. "The survey did reveal that seven in 10 owners with multiple generations working in the business said that the younger generation is more enthusiastic about technology than the older generation," he said. "In addition, two out of three owners agreed that technology is a good way to attract younger generations into their companies."
More than three in four owners reported that technology is important to sustaining their business, including 52 percent who said it was very important or extremely important. When it comes to growing the business, technology is rated almost as important, with seven in 10 rating it as important, including 48 percent who said it was very important or extremely important. More than seven in 10 agree that investing in technology is an important part of keeping their business strong and competitive.
Those who make their living by helping small businesses make the right technology investments find that the first step is often the hardest. "Over the years, I've found that when it comes to past investments in technology, small-business owners have been very satisfied with the investment, and that technology has helped several parts of their businesses," said Ed Lohman of Affordable Computing Enterprises in Havre, Mont. "Technology, from operating systems and software to computers and mobile devices, has truly changed the way small business does business."
That's particularly true for Lohman's fellow Montana resident Darrell Norman, owner and founder of Lodgepole Gallery and Tipi Village near Browning, Mont. According to Norman, whose business incorporates a Native American art gallery, bed-and-breakfast, and access to a fishing camp and horseback riding stables located on the Blackfoot Indian Reservation, technology has made a huge difference in his business volume. "There are as many computers out here as there are TV sets," he said. "Technology has vastly improved my business through our international Web site and being able to develop brochures and ads, digital art, and imaging on our computers."
Yandle agrees that technology can provide a big advantage to small businesses, even when the business is in a remote location such as Lodgepole Gallery and Tipi Village. "Technology is the great equalizer for small business and even more so for businesses that may be isolated geographically," he said. "Having a presence on the Web puts your company in front of so many more prospects than you could ever reach otherwise in an efficient and economical way."
Small family business owners get advice on technology from a variety of sources, including friends and family (29 percent), professional colleagues (24 percent) and technology consultants, retailers or manufacturers (24 percent). Owners who get information from technology sources are more likely to be satisfied with their investments in technology (95 percent satisfied) than those who get information from colleagues (88 percent) and friends and family (75 percent).
The survey showed that 83 percent of small-business owners said they were satisfied with recent technology investments. Satisfaction was especially high among the youngest owners and those with the highest revenues. Satisfaction was at 93 percent for owners under age 50 versus 78 percent among owners age 50 to 64, and 67 percent among owners age 65 and older. Likewise, satisfaction was highest (92 percent) among companies with the highest revenue.
The predominant technologies in small family businesses, according to respondents, are Internet access and personal desktop computers. Seventy-eight percent of small family businesses have Internet access, and three in four have a PC. Companies with six or more employees are more likely to have Internet access (90 percent) than those with fewer employees (77 percent).
The age and revenue factors come into play again with regard to their reliance on mobile technology, with 76 percent of younger respondents and 79 percent of higher-revenue businesses depending on wireless devices.
When it comes to spending on technology, small family business owners are most likely to spend the biggest slice of their budgets on hardware such as PCs and laptops and industry-specific software. Companies that are increasing their tech budgets in 2007 are more likely to be buying PCs (49 percent) than those companies whose budgets will remain the same (32 percent) or those spending less than they did last year (27 percent).
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Microsoft Corp.
CONTACT: John Tagle of Weber Shandwick, +1-972-830-2819, jtagle@webershandwick.com, for Microsoft Corp.
Web site: http://www.microsoft.com/
China-Biotics, Inc. Reports Fourth Quarter and Full Year Fiscal 2007 Financial Results
Full Year Revenues Increased 40% to $30.6 Million
Full year Net Income Rose 31% to $10.9 Million
SHANGHAI, China, June 21 /Xinhua-PRNewswire-FirstCall/ -- China-Biotics, Inc. (BULLETIN BOARD: CHBT) (''China-Biotics", "the Company"), a leading Chinese biotechnology firm specializing in the manufacture, research, development, marketing and distribution of probiotics dietary supplements, today announced its financial results for the fourth quarter and fiscal year ended March 31, 2007.
Fourth Quarter 2007 Highlights
-- Net sales increased 23.2% to $8.4 million
-- Gross profit increased 25.8% to $6.0 million
-- Gross profit margin increased to 71.5% from 70.0%
-- Operating income increased 13.9% to $3.9 million
-- Net income increased 24.8% to $2.8 million
Fiscal Year 2007 Highlights
-- Net sales increased 40.0% to $30.6 million
-- Gross profit rose 40.7% to $21.7 million
-- Gross profit margin increased to 70.9% from 70.5%
-- Operating income increased 22.5% to $14.9 million
-- Net income increased 30.5% to $10.9 million
-- Opened 9 new Shining brand company stores
Fourth Quarter 2007 Results
For the fourth quarter of fiscal 2007, net revenues increased 23.2% to $8.4 million from $6.8 million in the fourth quarter of fiscal 2006. Shining Essence continued to be the Company's best-selling product.
''The 2007 fiscal year was a landmark year for China-Biotics, as we began to see the fruits of our retail strategy and developed our advertising campaign to drive sales of our top-selling Shining Essence product,'' said Chief Executive Officer Jinan Song. ''Our efforts on these and other fronts resulted in double-digit growth in both the top and bottom lines."
Gross profit in the quarter was $6.0 million, an increase of 25.8% from $4.8 million a year ago. Gross margin was 71.5% in the fourth quarter, compared to 70.0% in the same period of fiscal 2006. The improvement in gross margin was due to the implementation of cost controls.
Operating income increased 13.9% to $3.9 million from $3.4 million the prior year. Operating margin during the fourth quarter of fiscal 2007 was 46.1% in 2006, down from 49.8% a year ago.
Net income for the fourth quarter of fiscal 2007 was $2.8 million, or $0.17 per diluted share, an increase of 24.8% from $2.3 million, or $1.34 per diluted share, in the fourth quarter of fiscal 2006. The increase in net income resulted from growth in sales volume, as average product prices changed very little. The earnings per share figures reflect an increase in weighted- average shares from 1,705,242 in the fourth quarter of fiscal 2006 to 17,080,000 in the fourth quarter of fiscal 2007. This was primarily due to the share exchange transaction in the fourth quarter of fiscal 2006, through which China-Biotics became a publicly-traded company.
Fiscal Year 2007 Results
For the fiscal year 2007, net sales were $30.6 million, up 40.0% from $21.9 million in 2006. The sales increase was attributed to sales growth of the Company's primary product, Shining Essence, which accounted for 61.6% of sales during the year, compared with 68.3% in fiscal year 2006. Gross profit for fiscal year 2007 was $21.7 million, an increase of 40.7% from $15.4 million the prior year. Gross margin climbed to 70.9% in fiscal 2007 from 70.5% in fiscal 2006. Operating income for fiscal year 2007 increased 22.5% to $14.9 million from $12.2 million in fiscal 2006. Operating margin was 48.8% in fiscal 2007, compared to 55.7% in fiscal 2006. Net income for fiscal year 2007 was $10.9 million, or $0.64 per diluted share, an increase of 30.5% from net income of $8.4 million, or $4.90 per diluted share, the prior year. The earnings per share figures reflect an increase in weighted-average shares related to the previously mentioned share exchange transaction.
Financial Condition
As of March 31, 2007, the Company had cash and cash equivalents of $27.0 million and working capital of $21.2 million. Accounts receivable were $14.3 million, and days sales outstanding was 150 for the year. In fiscal 2007, China Biotics generated $10.0 million in cash flow from operations. At March 31, 2007, the Company had no debt and shareholders' equity of $23.9 million.
Business Outlook
As the Chinese consumer becomes more health-conscious, consumption of dairy products and health foods becomes a greater part of the daily diet. The Chinese government has said it is committed to reducing the use of antibiotics and promoting the use of probiotics, which bodes well for China-Biotics. While consumers look for alternatives to dealing with infections in the absence of common antibiotics and turn toward healthier lifestyles, the Company believes it is poised to fill these needs as they develop into a significant market in the very near future.
''The 2008 fiscal year presents tremendous opportunities for China- Biotics, as we embark on the construction of a 150-ton production facility in the first half of the fiscal year. We also expect to expand our presence in metropolitan areas throughout China, primarily through our planned 300-store expansion of our retail strategy in the next two years,'' Mr. Song said. ''We also look to strengthen our product pipeline to fuel sales of new products in the coming years.''
About China-Biotics, Inc.
China-Biotics, Inc. ("China-Biotics'', ''the Company''), a leading manufacturer of biotechnology products and supplements, engages in research, development, marketing and distribution of probiotics dietary supplements. Through its wholly owned subsidiary, Shanghai Shining Biotechnology Co., Ltd., the Company has operations in Shanghai. Its proprietary product portfolio contains live microbial nutritional supplements under the ''Shining'' brand. Currently, the products are sold OTC through large distributors to pharmacies and supermarkets in Shanghai, Jiangsu, and Zhejiang. China-Biotics plans to launch 300 Shining brand stores in major cities in China during the next two years. The Company's flagship product, ''Shining Essence,'' was approved by the Chinese Ministry of Health for production and to market as a health product in August 2000, and has been a profit driver since its launch in Shanghai in April 2001. Currently, China-Biotics is strategically expanding its production capacity of probiotics to meet growing demand in the bulk additive market.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to market existing and new products, ability to access to capital for expansion, and changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, dependence on its flagship product profits and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.
-FINANCIAL TABLES FOLLOW-
CHINA-BIOTICS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts expressed in US Dollars)
Three months ended March 31, Years ended March 31,
2007 2006 2007 2006
(unaudited) (unaudited)
Net sales $8,376,790 $6,801,193 $30,609,941 $21,862,385
Cost of sales (2,390,986) (2,041,536) (8,910,633) (6,445,148)
Gross profit 5,985,804 4,759,657 21,699,308 15,417,237
Operating expenses:
Selling expenses (1,236,525) (958,962) (4,502,687) (2,434,448)
General and
administrative expenses (890,476) (412,972) (2,265,220) (797,232)
Total operating expenses (2,127,001) (1,371,934) (6,767,907) (3,231,680)
Income from operations 3,858,803 3,387,723 14,931,401 12,185,557
Other income and
expenses:
Other income 81,159 24,730 223,401 69,041
Other expenses 26,528 (18) (62,948) (89)
Total other income
(expenses) 107,687 24,712 160,453 68,952
Income before taxes 3,966,490 3,412,435 15,091,854 12,254,509
Provision for income
taxes (1,120,756) (1,132,642) (4,186,868) (3,900,541)
Net income 2,845,734 2,279,793 10,904,986 8,353,968
Earnings per share:
Basic and diluted $0.17 $1.34 $0.64 $4.90
Weighted average shares
outstanding:
Basic and diluted 17,080,000 1,705,242 17,080,000 1,705,242
CHINA-BIOTICS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Audited, amounts expressed in US Dollars)
AS OF MARCH 31, 2007 AND 2006
ASSETS
Current assets 2007 2006
Cash and cash equivalents $26,992,025 $19,840,812
Restricted cash -- 752,778
Accounts receivable 14,309,818 10,941,595
Deposit Paid 216,236 --
Inventories 203,054 257,584
Prepayment 176,094 31,200
Travel advances -- 8,972
Total current assets 41,897,227 31,832,941
Plant, equipment and leasehold
improvements, net 2,682,617 1,594,047
Total assets 44,579,844 33,426,988
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable 1,523,471 1,826,441
Tax payables 18,019,721 15,316,318
Loan from stockholders -- 2,290,230
Other payables and accruals 1,126,645 1,656,987
Total current liabilities 20,669,837 21,089,976
Commitments
Stockholders' equity:
Preferred stock -- --
Common stock 1,708 1,708
Additional paid-in capital 7,863,031 7,863,031
Retained earnings 12,284,900 1,379,914
Accumulated other comprehensive
income (loss) 734,574 66,565
Capital and statutory reserves 3,025,794 3,025,794
Liquidating dividends -- --
Total stockholders' equity 23,910,007 12,337,012
Total liabilities and stockholders'
equity 44,579,844 33,426,988
CHINA-BIOTICS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOW
(Audited, amounts expressed in US Dollars)
FOR THE YEARS ENDED MARCH 31, 2007 AND 2006
CASH FLOWS FROM OPERATING ACTIVITIES 2007 2006
Net income $10,904,986 $8,353,968
Adjustment for:
Gain on disposal of plant and
equipment (14,793) --
Depreciation 493,472 516,217
(Increase)/Decrease in restricted
cash 748,742 (752,778)
(Increase)/Decrease in accounts
receivable (2,881,034) (3,684,694)
(Increase)/Decrease in inventories 65,303 195,360
(Increase)/Decrease in prepayment (352,923) (31,070)
(Increase)/Decrease in travel
advances -- (8,978)
(Increase)/Decrease in other
receivables 2,732 7,454
Increase/(Decrease) in accounts
payable (451,305) 186,662
Increase in income tax and surcharge
tax payable 4,186,868 3,900,541
Income tax paid (2,373,846) (1,684,976)
Increase/(Decrease) in other payables
and accruals, and value added tax
payable (321,043) (13,744)
NET CASH PROVIDED BY OPERATING
ACTIVITIES 10,007,159 6,983,962
CASH FLOWS USED IN INVESTING
ACTIVITIES
Sales proceeds from disposal of plant
and equipment 14,793 --
Purchase of fixed assets and payments
for leasehold improvements (1,485,789) (97,560)
NET CASH PROVIDED BY/(USED IN)
INVESTING ACTIVITIES (1,470,996) (97,560)
CASH FLOWS FROM FINANCING ACTIVITIES
Temporary advance from shareholders -- 1,500,609
Repayment on temporary advance from
shareholders -- (1,500,609)
Advances to related parties -- (1,712,646)
Cash received on advances to related
parties -- 3,345,705
Proceeds from issuance of common
stock -- 5,076,700
Procceds from issue of convertible
bond -- 2,578,000
Distributions to previous owners of
the subsidiary -- (6,850,585)
Payment of liquidating dividends (in
form of purchase consideration) to
previous owners of the subsidiary in
conjunction with acquisition of
subsidiary -- (2,270,141)
Loan from shareholders / (repayment
on loan from shareholders) (2,280,687) 2,280,687
Payment to settle liabilities assumed
in connection with reverse
acquisition -- (5,000)
NET CASH PROVIDED BY/(USED IN)
FINANCING ACTIVITIES (2,280,687) 2,442,720
Effect of exchange rate changes on
cash 895,737 240,187
NET INCREASE IN CASH AND CASH
EQUIVALENTS BALANCES 7,151,213 9,569,309
CASH AND CASH EQUIVALENTS BALANCES AT
BEGINNING OF PERIOD 19,840,812 10,271,503
CASH AND CASH EQUIVALENTS BALANCES AT
END OF PERIOD $26,992,025 $19,840,812
Schedule of noncash transactions
Conversion of convertible bonds into
common stock -- 2,578,000
Net liabilities assumed in reverse
acquisition with the issue of common
stock -- 2,562
For more information, please contact::
CCG Elite Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
China-Biotics, Inc.
CONTACT: Crocker Coulson, President of CCG Elite Investor Relations, +1- 646-213-1915 (New York), crocker.coulson@ccgir.com
Motorola's WiMAX and Mesh Solutions Earn NXTcomm Eos AwardsAward recognizes companies with cutting-edge technology solutions
ARLINGTON HEIGHTS, Ill., June 21 /PRNewswire-FirstCall/ -- Motorola today received awards for two of its MOTOwi4(TM) wireless broadband products in the inaugural competition of the NXTcomm Eos Excellence of Achievement Award. Motorola's WiMAX Flexible Access Point System won in the Technology Innovation Group: Access Networking category.
Its MOTOMESH Duo product was selected as a runner up in the Network Design/Services Group: Wireless/Mobile/Network Services category for its use in an education research project in China. Motorola's customer, Clearwire Corp., also took home top honors in the same category for its Motorola technology supported Clearwire wireless broadband service.
"The Eos Award is the latest in a series of industry recognition for our WiMAX and MOTOwi4 solutions," said Fred Wright, senior vice president, Motorola Home & Networks Mobility. "These awards further demonstrate that Motorola is a proven industry leader when it comes to deploying customized, end-to-end wireless broadband systems that enable providers to deliver true comprehensive communication platforms to their consumers."
Motorola's Flexible Access Point System is comprised of a common WiMAX Base Control Unit that can be paired with any selection from a wide portfolio of Motorola WiMAX RF modules. It can be configured based on evolving needs and varying market requirements to help operators rapidly deploy an optimized network tuned to the varying requirements in their service footprint today, while helping them easily grow and scale to meet their future needs.
The MOTOMESH Duo product, formerly known as HotZone Duo, is a member of the MOTOMESH product series of municipal wireless networks.
MOTOwi4, Motorola's portfolio of complementary wireless broadband solutions, has now earned awards in each product category -- wi4 WiMAX, wi4 Mesh, wi4 Fixed and wi4 Indoor.
Other recent awards for Motorola's MOTOwi4 portfolio include:
May 2007 -- Motorola took home top honors in the devices category at the WiMAX World Europe Awards for the next-generation CPEi 200/300 Series WiMAX desktop.
May 2007 -- MOTOMESH Duo recently received the Wireless Broadband Innovation Award for Best Wireless Broadband Mobility Solution, further validating its performance, scalability and robustness. Sponsored by The Wireless Event in London, the Wireless Broadband Innovation Awards recognize the leading edge of innovation and achievement.
April 2007 -- Motorola was honored in the Best Telco/Service Provider category for its wi4 WiMAX technology at the third annual Network Middle East Innovation Awards held in Dubai. Motorola customer Wateen Telecom also won a key award for Best Wireless Access Network (WAN) Implementation. Wateen Telecom's nationwide wireless broadband voice and data network, based on Motorola's wi4 WiMAX solutions, was identified by the judges.
October 2006 -- Motorola was named by xchange magazine and Trendsmedia as the recipient of the Best of WiMAX World Award for Industry Innovation for its WiMAX Distributed Network Architecture.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2007
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola
CONTACT: Media, Kathi Haas, +1-480-732-2835, kathi.haas@motorola.com, or Industry Analyst, Lisa Barclay, +1-847-576-6931, lisa.barclay@motorlola.com, both of Motorola Home & Networks Mobility
Web site: http://www.motorola.com/
Vyyo's UltraBand Recognized by GeoResults as 'Cable Business Services Platform of the Year'
NORCROSS, Ga., June 21 /PRNewswire-FirstCall/ -- Vyyo Inc. , a supplier of broadband access equipment for cable system operators, announced today that it has been selected by GeoResults, a leading telecommunication and database marketing firm, as GeoResults' "Business Services Platform of the Year for Cable."
Vyyo was selected for recognition by GeoResults based on its ability to enable the broadest array of cable business services needs over operators' existing HFC infrastructure. Vyyo solutions include the UltraBand(TM) spectrum overlay platform that doubles downstream and quadruples upstream bandwidth, allowing operators to provide T1 and 145 Mbps DOCSIS 3.0 ultra high-speed data.
"Cable operators are most interested in solutions that enable them to tap into the lucrative business services market without upgrading their current HFC plant," said Ted Shields, president and CEO of GeoResults. "In our work with the industry, Vyyo has shown that its solutions provide the greatest combination of cost-effectiveness and economic opportunity without the significant investment costs associated with upgrading to a fiber network infrastructure."
"GeoResults is highly respected for its expertise in evaluating and pinpointing where business services can be most successful for our industry," said Wayne H. Davis, CEO of Vyyo. "We're pleased that they have recognized how our solutions can help operators to quickly and efficiently capture the high-ARPU, long-term agreements that characterize business services customers."
Estimates of the value of the business services market to cable operators range as high as $130 billion per year. Kagan Research estimates that total cable revenue for commercial data and voice services will surpass $10.7 billion by 2009 as cable plant stretches to pass 60% of the businesses in the U.S. GeoResults estimates that cellular backhaul cumulatively will be a $42 billion business through 2011.
The Vyyo UltraBand platform is designed to allow cable companies to substantially increase bandwidth to fiber-like performance, leveraging their existing infrastructure and at a fraction of the cost (under $125 per home passed) to build new fiber networks. UltraBand leverages higher frequencies on the existing coaxial cable doubling downstream bandwidth and increasing upstream bandwidth by a factor of at least four. Using the UltraBand platform, cable system operators can create new bandwidth on a targeted basis for approximately 10% of the published cost per home of telco fiber builds, while maintaining their existing investment in their HFC networks and set-top boxes.
About Vyyo Inc.
Vyyo Inc., , a leading supplier of broadband access equipment, delivers to cable system operators a powerful, economic platform with fiber-like performance that extends their dominant bandwidth position over the competition and drives new revenues. Vyyo's spectrum overlay technology expands typical HFC (hybrid-fiber coax) network capacity in the "last mile," offering the only cost-effective solution that quadruples upstream and doubles downstream bandwidth to help operators deliver new, advanced residential and business services at a fraction of the cost of fiber deployments. Vyyo is based in Norcross, GA. For more information, please visit http://www.vyyo.com/.
Safe Harbor Statement
Statements made in this press release relating to the future, including those related to the opportunities created for our customers given our ability to provide spectrum overlay solutions, our ability to dramatically increase upstream and downstream bandwidth and the revenue opportunities provided by T1 service, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Risks that may cause these forward-looking statements to be inaccurate include among others: whether we will be able to accelerate the movement from development stage to deployment and establish meaningful commercial relationships with cable system operators; the current limited visibility available in the telecommunications and broadband access equipment markets; the willingness and ability of operators to adopt our new technology and apply it in a manner that meets customer demands; our ability to produce and distribute our spectrum overlay and T1 solutions in the quantities, and with the quality control, desired by the market; and other risks set forth in our annual report on Form 10-K for the year ended December 31, 2006, our quarterly reports on Form 10-Q and other reports filed by us with the Securities and Exchange Commission from time to time. We assume no duty to update these statements.
All trademarks mentioned herein are the property of their respective owners.
Vyyo Inc.
CONTACT: Public Relations, Paul Schneider of Paul Schneider Public Relations, Inc., +1-215-702-9784, or mobile, +1-215-817-4384, pspr@att.net, for Vyyo Inc.; or Investor Relations, Walt Ungerer, VP, Corporate Communications of Vyyo Inc., +1-678-488-0468, ir@vyyo.com
Web site: http://www.vyyo.com/
Intermatic Deploys Agile 9.2 for Global New Product DevelopmentLeading Energy Control Manufacturer Implements Agile PLM to Increase Global Product Development Collaboration
SAN JOSE, Calif., June 21 /PRNewswire-FirstCall/ -- Agile Software Corporation , a leading provider of product lifecycle management (PLM) solutions, today announced that Intermatic has deployed Agile 9.2 PLM. Taking advantage of Agile Product Collaboration, part of the Agile 9.2 solution suite, Intermatic is able to enhance visibility, management and collaboration of new and changing product record information across multiple engineering and manufacturing locations. Intermatic chose Agile based on its proven customer track record, industry expertise, and ability to reduce time to market for new products.
"Prior to Agile, we managed our product record and changes manually in a paper-based system that was error prone and very slow," said Tim Duitsman, VP of Research and Development, Intermatic. "With Agile, product information and changes are visible worldwide and we have decreased our Engineering change time from three weeks to less than one; enabling us to reduce our overall costs and time to market for new, high quality products."
Intermatic, based in Spring Grove, IL, is a highly integrated manufacturer of consumer and industrial energy control products. Established in 1891, its major product lines are consumer timers, Malibu(R) outdoor lighting, industrial grade timers, photo controls and a variety of other products. Intermatic products are widely distributed and can be found at most home center and hardware retailers and through electrical distribution.
Intermatic's implementation of Agile Product Collaboration is the largest product development system initiative undertaken in Intermatic's 100-plus year history. The Agile Product Collaboration implementation is the first of a four-phase process running through 2008.
"Manufacturers like Intermatic face competitive markets around the globe that require accelerated innovation cycles, reduced costs and improved quality," said Jay Fulcher, Agile president and CEO. "Agile 9.2 enables companies such as Intermatic to improve greatly product profitability, gain greater product insight and control, and accelerate innovation and get products to market faster."
About Agile Software Corporation
Agile Software Corporation helps companies drive profits, accelerate innovation, improve quality, enable globalization and ensure regulatory compliance throughout the product lifecycle. With a broad suite of enterprise class PLM solutions and time-to-value focused implementations, Agile helps companies get the most from their products. 3COM, Acer, Bayer, Broadcom, CooperVision, Dell Inc., Flextronics International, Foxconn, GE Medical Systems, Harris, Heinz, Johnson & Johnson, Johnson Diversey, Lockheed Martin, McAfee, McDonald's, Micron, Philips, QUALCOMM, Sharp, Shell, Siemens and ZF are among the over 11,000 customers in the automotive, aerospace and defense, consumer packaged goods, electronics, high tech, industrial products, and life sciences industries that have licensed Agile solutions. For more information, call 408-284-4000 or visit http://www.agile.com/.
Agile, Agile Software and the Agile logo are registered trademarks and Agile On Demand, Agile Advantage, Agile Product Collaboration, Agile Product Cost Management, Agile Product Governance & Compliance, Agile Product Quality Management, Agile Product Portfolio Management, Agile Engineering Collaboration, Agile Product Interchange and AgileMD are trademarks of Agile Software Corporation in the U.S. and/or other countries. All other brand or product names are trademarks and registered trademarks of their respective holders.
Agile Software Corporation
CONTACT: Terri Pruett of Agile Software Corporation, +1-408-284-4048, Terri.Pruett@agile.com
Web site: http://www.agile.com/
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